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Airtel Africa Plc (GB:AAF)
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AAF
Airtel Africa Plc
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Airtel Africa Plc (AAF) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Jul 23, 2026
Before Open (Confirmed)
Period Ending
2027 (Q1)
Consensus EPS Forecast
―
Last Year’s EPS
0.03
Same Quarter Last Year
Analyst Consensus
Moderate Buy
Based on 2 Analysts Ratings

Earnings Call Summary

Q4 2026
Earnings Call Date:May 08, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presented a strongly positive operational and financial performance: double-digit constant-currency revenue growth (24%), steep EBITDA expansion (margin +280bps to 49.3%), meaningful free cash flow generation (~$803m), customer and mobile-money scale gains, deleveraging and an elevated CapEx program to fund future growth. The primary negatives were macro and operational risks—most notably sharply higher diesel/energy costs (material margin sensitivity), FX/interest cash-flow noise, localized regulatory/service disruptions (Uganda), competition, and elevated ongoing CapEx. Overall, the positive growth, margin expansion, cash generation and balance-sheet improvement materially outweigh the highlighted risks, though the near-term margin and cost outlook is exposed to energy and geopolitical volatility.
Company Guidance
The management reiterated an elevated investment and shareholder-return stance: FY‑27 CapEx guidance is $1.1bn (up from FY‑26 cash/total CapEx of ~$884m/$875m), focused on coverage, capacity and new growth engines (home broadband and data centers / fiber expansion), while free cash flow of $803m and a strengthened balance sheet (lease‑adjusted leverage 0.5x, reported leverage 1.8x, 95% of OpCo debt in local currency) underpin this. They warned of near‑term margin pressure from higher diesel/energy costs — a 10% fuel price rise would hit P&L by ~$35–40m and, if current fuel levels persist, management estimates a c.2.5–3.0 percentage‑point drag on EBITDA margin (partly mitigatable by ongoing cost efficiencies). Other guidance/intentions: continue a progressive dividend policy (final dividend $0.0426/sh; FY total $0.071, dividend growth target mid‑ to high single digits), $100m buyback completed (no new tranche approved yet), and an Airtel Money IPO targeted in H2 2026; they also highlighted reduced average cost of debt (12.1% FY, 10.6% at Mar‑end).
Strong Revenue Growth
Group revenue crossed $6.4 billion, up 29.5% in reported currency and 24.0% in constant currency for FY26.
Robust EBITDA and Margin Expansion
EBITDA reached $3.16 billion, up 37.2% in reported currency (30.4% in constant currency); full-year EBITDA margin improved 280 basis points to 49.3% and peaked at 50.3% in Q4.
Significant Free Cash Flow and Deleveraging
Normalized free cash flow was $803 million (≈4x prior year $213 million); lease-adjusted leverage fell to 0.5x from 1.0x and reported leverage improved to 1.8x from 2.3x.
Customer & Smartphone Traction
Customer base reached 183.5 million (over 10% YoY) with net additions of 17.5 million; smartphone penetration rose to 49.5%.
Mobile Money Growth and Payments Scale
Mobile money customers reached 54.1 million (+21% YoY); annualized transaction value was $215 billion (up almost 50% YoY); mobile money revenue grew ~28% (adjusted >31% for intra-group changes) and ARPU rose 9% in constant currency.
Data Revenue and Usage Momentum
Data traffic increased almost 50%; data revenue grew 35.2% and is now the group's largest revenue component; usage per customer reached ~9 GB/month.
Regional Outperformance — Nigeria
Nigeria delivered very strong constant currency revenue growth of ~47.5%, customer growth ~10%, ARPU up ~37% (constant currency) and EBITDA up ~70.5% (constant currency) with an ~8 percentage point margin improvement.
Regional Strength — East Africa & Francophone
East Africa constant currency revenue growth ~18% (reported 24%) and EBITDA margins >53%; Francophone constant currency revenue +17.1% (reported +21.5%) with EBITDA margins at 44% and signs of a clear turnaround.
Capital Allocation and Guidance
CapEx FY26 ~ $884 million (in line with increased guidance); FY27 CapEx guidance increased to $1.1 billion to support coverage, capacity and new growth engines (home broadband, data centers).
Shareholder Returns & EPS
EPS before exceptionals rose 128% to $0.186; board recommended final dividend up 9.2% to $0.0426 (total FY dividend $0.071); $100 million share buyback completed.
Lowered Weighted Cost of Debt
Average cost of debt declined ~60 basis points to 12.1% for the year and further to ~10.6% by end-March 2026, reflecting optimized debt portfolio.

Airtel Africa Plc (GB:AAF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
Daily Earnings Calendar >

GB:AAF Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jul 23, 2026
2027 (Q1)
- / -
0.025―――
May 08, 2026
2026 (Q4)
0.03 / 0.04
0.015175.00% (+0.03)――
Jan 30, 2026
2026 (Q3)
0.03 / 0.04
0.01276.92% (+0.03)――
Oct 28, 2025
2026 (Q2)
0.02 / 0.04
0.01988.46% (+0.02)――
Jul 24, 2025
2026 (Q1)
- / 0.03
0.01747.83% (<+0.01)――
May 08, 2025
2025 (Q4)
0.01 / 0.01
0.022-33.33% (>-0.01)――
Jan 30, 2025
2025 (Q3)
0.00 / <0.01
<0.0011200.00% (<+0.01)――
Oct 25, 2024
2025 (Q2)
0.02 / 0.02
0.023-16.13% (>-0.01)――
Jul 25, 2024
2025 (Q1)
0.01 / 0.02
0.029-41.03% (-0.01)――
May 09, 2024
2024 (Q4)
-0.02 / 0.02
0.0217.14% (<+0.01)――
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

GB:AAF Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 08, 2026
364.00 p367.00 p+0.82%
Jan 30, 2026
341.80 p319.20 p-6.61%
Oct 28, 2025
228.91 p266.43 p+16.39%
Jul 24, 2025
181.76 p194.96 p+7.26%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Airtel Africa Plc (GB:AAF) report earnings?
Airtel Africa Plc (GB:AAF) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
    What is Airtel Africa Plc (GB:AAF) earnings time?
    Airtel Africa Plc (GB:AAF) earnings time is at Jul 23, 2026, Before Open (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
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          What is the P/E ratio of Airtel Africa Plc stock?
          The P/E ratio of Airtel Africa Plc is N/A.
            What is GB:AAF EPS forecast?
            Currently, no data Available