tiprankstipranks
Trending News
More News >

Helios Towers Reports Strong 2024 Financial Performance

Helios Towers Plc ( (HTWSF) ) has released its Q4 earnings. Here is a breakdown of the information Helios Towers Plc presented to its investors.

Helios Towers Plc is a leading independent telecommunications infrastructure company operating across Africa and the Middle East, providing mobile network operators with telecom passive infrastructure services. The company is known for its extensive tower portfolio and its model of buying towers from single operators to offer shared services.

In its latest earnings report for the year ending December 31, 2024, Helios Towers announced a performance that surpassed expectations, highlighted by significant tenancy additions and a positive shift in free cash flow. The company reported a 14% growth in Adjusted EBITDA, marking its tenth consecutive year of growth in this metric.

Key financial highlights include a 10% increase in revenue to $792 million, a 66% rise in operating profit, and a positive free cash flow of $18.7 million, a first in the company’s history. The company’s strategic focus on tenancy growth and operational efficiencies has also led to a reduction in net leverage and an improvement in return on invested capital.

Looking ahead, Helios Towers aims to continue its growth trajectory with a focus on expanding its tenancy ratio and return on invested capital. The company plans to maintain financial flexibility to potentially return capital to shareholders by 2026 while continuing to invest in growth opportunities.

Overall, Helios Towers remains committed to enhancing mobile connectivity across its markets, leveraging its robust business model to drive sustainable growth and value for stakeholders.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App