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IHS Holding ( (IHS) ) has shared an announcement.
On May 12, 2026, IHS Holding reported first‑quarter 2026 results showing revenue from continuing operations up 6% year on year to $415.4 million and adjusted EBITDA up 6.4% to $268.7 million, with income for the period rising to $77 million from $30.7 million in 2025. Despite an organic revenue decline of 1.7% and headwinds from the October 2025 sale of its Rwanda operations, the group benefited from favorable foreign‑exchange movements, higher colocation and lease amendment activity, and a more stable Nigerian naira.
Adjusted levered free cash flow climbed 15.8% to $173.5 million, cash from operations reached $244.9 million and total capex fell 5.3% to $41.4 million, helping reduce the consolidated net leverage ratio to 2.9x. Strategically, IHS advanced its reshaping by agreeing in February 2026 to sell its Latin American tower portfolio and its 51% stake in I‑Systems, completing the I‑Systems sale in May, while also announcing a proposed $6.2 billion sale of IHS Towers to MTN Group, moves that could materially alter its geographic mix and ownership structure if completed.
The most recent analyst rating on (IHS) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on IHS Holding stock, see the IHS Stock Forecast page.
Spark’s Take on IHS Stock
According to Spark, TipRanks’ AI Analyst, IHS is a Neutral.
The score is held back primarily by balance-sheet risk (high leverage and negative equity) and uneven profitability/recent revenue contraction, partially offset by consistently positive cash generation and a mildly constructive technical setup. Valuation appears reasonable but not meaningfully discounted based on the provided P/E.
To see Spark’s full report on IHS stock, click here.
More about IHS Holding
IHS Holding Limited, listed on the NYSE as IHS Towers, is one of the largest independent owners, operators and developers of shared communications infrastructure globally by tower count. The company focuses on providing telecom towers and related services to mobile network operators across emerging markets, with a significant footprint in Africa and Latin America, and a business model built around colocation, new site deployments and lease amendments.
Average Trading Volume: 1,880,053
Technical Sentiment Signal: Buy
Current Market Cap: $2.76B
For an in-depth examination of IHS stock, go to TipRanks’ Overview page.