Helios Towers Plc ( (HTWSF) ) has released its Q3 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 that operates an extensive portfolio of over 14,000 telecommunication tower sites across Africa and the Middle East, primarily serving mobile network operators.
In its recent earnings report for the nine months ending September 2024, Helios Towers Plc highlighted significant growth, with tenancy additions exceeding 2,000 and a notable 16% year-on-year increase in Adjusted EBITDA. The company also reported an upward revision in its financial guidance for the fiscal year 2024.
Key financial metrics showed a 10% increase in revenue compared to the previous year, reaching $584.7 million, driven by tenancy growth in regions such as Oman and Tanzania. Adjusted EBITDA rose to $311.9 million, with the margin improving by 3 percentage points to 53%. Operating profit saw a remarkable 69% rise, despite a quarterly decline due to site consolidations. Additionally, the company’s net leverage improved, decreasing to 4.2x from 4.5x.
Operational highlights included a 9% increase in tenancies to 29,021, with a tenancy ratio rising to 2.04x. The company also committed to reducing carbon intensity by 36% per tenant by 2030, reflecting its expanded market reach and increased operations.
Looking ahead, Helios Towers Plc plans to continue its tenancy ratio expansion strategy, leveraging AI and digital efficiencies to achieve further growth in Adjusted EBITDA and support sustainable value creation for stakeholders, while targeting net leverage below 4.0x by the end of 2024.
