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Airtel Africa Plc
(LSE:AAF)
Airtel Africa Plc (AAF) vs. iShares MSCI United Kingdom ETF (EWC)
Airtel Africa Plc Business Overview & Revenue Model
Airtel Africa Plc Earnings Call Summary
Airtel Africa Plc Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2023 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.16B | 4.96B | 5.25B | 5.00B | 4.71B | 3.91B |
| Gross Profit | 3.42B | 3.48B | 3.58B | 3.19B | 3.25B | 2.64B |
| EBITDA | 2.62B | 2.13B | 2.58B | 2.16B | 2.28B | 1.68B |
| Net Income | 446.27M | 220.00M | 663.00M | -165.00M | 631.00M | 339.00M |
Balance Sheet | ||||||
| Total Assets | 9.59B | 12.02B | 11.17B | 9.86B | 10.36B | 9.99B |
| Cash, Cash Equivalents and Short-Term Investments | 1.40B | 644.00M | 845.00M | 966.00M | 982.00M | 1.14B |
| Total Debt | 4.63B | 5.98B | 4.22B | 4.46B | 3.93B | 4.62B |
| Total Liabilities | 7.30B | 9.25B | 7.36B | 7.56B | 6.71B | 6.64B |
| Stockholders Equity | 2.04B | 2.49B | 3.63B | 2.16B | 3.50B | 3.40B |
Cash Flow | ||||||
| Free Cash Flow | 1.72B | 1.41B | 927.00M | 1.23B | 1.27B | 751.00M |
| Operating Cash Flow | 2.33B | 2.27B | 2.21B | 2.26B | 2.01B | 1.67B |
| Investing Cash Flow | -734.06M | -562.00M | -1.03B | -1.23B | -557.00M | -1.16B |
| Financing Cash Flow | -1.05B | -1.54B | -1.12B | -844.00M | -1.61B | -575.00M |
Airtel Africa Plc Technical Analysis
Airtel Africa Plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | £17.65B | 18.58 | 7.56% | 4.42% | -2.53% | 24.52% | |
68 Neutral | £1.73B | 26.61 | ― | ― | 4.95% | ― | |
67 Neutral | £2.69B | -21.86 | -5.19% | 0.65% | 0.88% | -133.77% | |
63 Neutral | £13.32B | 35.77 | 21.04% | 1.50% | 14.13% | ― | |
63 Neutral | £23.75B | -6.95 | -7.57% | 3.74% | 16.15% | -279.78% | |
63 Neutral | £3.15B | ― | -10.35% | ― | ― | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
Airtel Africa Plc Corporate Events
Airtel Africa has executed another tranche of its ongoing share buy-back programme, repurchasing 40,000 ordinary shares on 9 January 2026 at a volume-weighted average price of 364.71 pence per share through Barclays Capital Securities across multiple trading venues. The repurchased shares will be cancelled, reducing the total shares in issue to 3,655,640,539 and voting rights to 3,648,151,495, a move that marginally enhances existing shareholders’ proportional stakes; since the start of the first $100m buy-back tranche in December 2024, the company has acquired over 41.1 million shares, signalling continued capital return and balance sheet management in support of shareholder value.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £343.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa plc has repurchased 40,000 of its own ordinary shares on 8 January 2026 as part of its ongoing $100 million share buy-back programme, at prices ranging between 365.80p and 374.40p and a volume-weighted average price of 370.37p. The shares will be cancelled, reducing the number of ordinary shares in issue to 3,655,680,539 (of which 7,489,044 are held in treasury) and setting total voting rights at 3,648,191,495, a figure shareholders can use for regulatory disclosure thresholds; since the programme’s first tranche began in December 2024, the company has bought back over 41.1 million shares, signalling continued capital management efforts that may support earnings per share and shareholder value.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £343.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has executed another tranche of its ongoing share buy-back programme, repurchasing 40,000 ordinary shares on 7 January 2026 at prices between 366.60p and 374.60p per share, with a volume-weighted average of 372.58p. The repurchased shares will be cancelled, leaving 3,655,720,539 ordinary shares in issue, of which 7,489,044 are held in treasury, implying 3,648,231,495 voting rights that investors can use as a reference for regulatory disclosure thresholds; in total, since the programme began in December 2024, the company has bought back 41,085,209 shares, reflecting its continued focus on capital returns and balance-sheet optimisation for shareholders.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £343.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has repurchased 40,000 of its own ordinary shares at a volume-weighted average price of 370.59 pence per share on 6 January 2026 under its ongoing share buy-back programme, with the shares to be cancelled. Following this transaction, the company’s issued share capital stands at 3,655,760,539 ordinary shares, including 7,489,044 held in treasury, giving a total of 3,648,271,495 voting rights, and since the start of the $100 million buy-back in December 2024 it has acquired just over 41 million shares, signalling continued capital management efforts that reduce share count and may enhance value for remaining shareholders.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £343.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has repurchased 40,000 of its own ordinary shares on 5 January 2026 under its ongoing share buy-back programme, at prices ranging between 358.00p and 369.20p and a volume-weighted average price of 363.72p, with the shares to be cancelled. Following this latest transaction, the company has 3,655,800,539 ordinary shares in issue, including 7,489,044 treasury shares, resulting in 3,648,311,495 voting rights outstanding, and since the start of the first $100m buy-back tranche in December 2024 it has bought a total of 41,005,209 shares, signalling continued capital management efforts that may support earnings per share and shareholder value.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £343.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has continued executing its share buy-back programme, repurchasing 40,000 ordinary shares on 2 January 2026 at a volume-weighted average price of 361.09p per share through Barclays Capital Securities across multiple trading venues. The purchased shares will be cancelled, reducing the number of ordinary shares in issue to 3,655,840,539 (of which 7,489,044 are held in treasury) and setting total voting rights at 3,648,351,495, a figure shareholders can use for regulatory disclosure calculations; since the first tranche of the $100m buy-back began in December 2024, Airtel Africa has bought back 40,965,209 shares in aggregate, signalling ongoing capital management and potentially enhancing earnings per share for investors.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £343.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has reported that its issued share capital at 31 December 2025 stood at 3,655,960,539 ordinary shares, of which 7,489,044 are held in treasury and therefore carry no voting rights. As a result, the total number of voting rights available to shareholders is 3,648,391,495, a figure that investors must use when assessing disclosure thresholds for holdings under UK transparency rules. The gap between the issued share capital and voting rights—7,569,044 shares—reflects both the treasury shares and 80,000 shares from unsettled purchases linked to the company’s ongoing share buyback programme, signalling continued capital management activity that may marginally influence ownership percentages and regulatory reporting obligations for investors.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £343.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has executed a further tranche of its ongoing share buy-back programme, repurchasing 40,000 ordinary shares on 31 December 2025 at a volume-weighted average price of 355.95 pence per share, with all purchased shares to be cancelled. Following this transaction, the company’s issued share capital stands at 3,655,880,539 ordinary shares, including 7,489,044 held in treasury, resulting in 3,648,391,495 voting rights, and the group has now bought back a total of 40,925,209 shares since the $100m programme began, underscoring its continued capital return to shareholders and marginally increasing earnings per share for remaining investors.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £343.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has continued its ongoing share buy-back programme, repurchasing 40,000 ordinary shares on 30 December 2025 at a volume-weighted average price of 355.70 pence per share through Barclays Capital Securities. The shares, acquired across multiple European trading venues, will be cancelled, reducing the number of ordinary shares in issue to 3,655,920,539 and establishing 3,648,431,495 voting rights, while cumulatively 40,885,209 shares have now been bought back since the $100 million programme began, signalling continued capital management efforts that modestly enhance earnings per share and adjust the company’s free float for existing investors.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £343.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has continued to execute its share buy-back programme, repurchasing 40,000 ordinary shares on 29 December 2025 at prices between 335.80p and 342.00p per share, with a volume-weighted average price of 337.85p. The repurchased shares will be cancelled, reducing the number of shares in issue to 3,655,960,539, of which 7,489,044 are held in treasury, and setting total voting rights at 3,648,471,495 for regulatory disclosure purposes. Since the launch of the first tranche of its $100m buy-back in December 2024, the group has acquired 40,845,209 shares at an average 151.8430p, signalling ongoing capital management efforts that incrementally enhance earnings per share and consolidate shareholder value, while modestly tightening the company’s free float on the London and related trading venues.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £343.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has initiated a formal independent competitive tender process to appoint a new external auditor, with the process overseen by the Audit and Risk Committee. This move aligns with the mandatory auditor rotation requirements of its controlling shareholder, Bharti Airtel Limited, in India, and is not due to any issues with the current auditors. The new auditor is expected to be appointed at the 2027 Annual General Meeting and will begin auditing for the financial year ending March 2028.
The most recent analyst rating on (GB:AAF) stock is a Buy with a £3.30 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa PLC has announced an update on its total voting rights and capital, as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules. As of November 28, 2025, the company’s issued share capital consists of 3,656,000,539 ordinary shares, with a total of 3,648,511,495 voting rights available for shareholders. This update is crucial for shareholders to determine their interest in the company and any changes therein.
The most recent analyst rating on (GB:AAF) stock is a Buy with a £3.30 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has announced a change in its board of directors, with Andrew Green set to retire as Senior Independent Non-Executive Director after the January 2026 board meeting. Tsega Gebreyes, who joined as a non-executive director in 2021 and currently chairs the Remuneration Committee, will succeed him. Cynthia Gordon will take over as Chair of the Remuneration Committee. This transition reflects Airtel Africa’s commitment to maintaining strong governance and leadership as it continues to expand its influence in the African telecommunications sector.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £294.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has announced a notification regarding the sale of shares by Liisa Annika Poutiainen, an Independent Non-Executive Director, as part of the company’s compliance with Market Abuse Regulation. This transaction involved the sale of 3,000 ordinary shares at a price of £2.7760 each, totaling £8,328. The announcement highlights Airtel Africa’s commitment to transparency and regulatory compliance, which may influence investor confidence and market perception.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £294.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has announced the currency exchange rates for its interim dividend, set at 2.84 cents per ordinary share, payable on December 12, 2025. Shareholders on the London Stock Exchange can choose to receive dividends in GB pounds or U.S. dollars, while those on the Nigerian Stock Exchange can opt for Nigerian naira or U.S. dollars. The exchange rates for these currencies were determined based on the U.S. dollar rates available on October 31, 2025. This announcement is part of Airtel Africa’s ongoing efforts to provide flexible financial options to its shareholders, reflecting its commitment to enhancing shareholder value.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £294.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has announced its total voting rights and capital structure as of October 31, 2025. The company’s issued share capital consists of over 3.6 billion ordinary shares, with a total of 3,648,511,495 voting rights available for shareholder calculations under the FCA’s rules. This announcement provides transparency for shareholders to assess their interests and any changes therein, aligning with regulatory requirements.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £294.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa announced the purchase of 25,000 of its ordinary shares as part of its ongoing share buy-back program, initiated in December 2024. The shares, acquired through Barclays Capital Securities Limited, will be cancelled, reducing the company’s total voting rights and potentially impacting shareholder calculations under regulatory guidelines.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £2.30 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa reported strong financial results for the half-year ending September 2025, driven by an 11% increase in its customer base to 173.8 million and significant growth in data and mobile money services. The company’s revenue grew by 24.5% in constant currency, with data revenue surpassing voice as the largest revenue component. Airtel Money saw a 35.9% increase in annualized total processed value, reflecting increased customer engagement and digital adoption. The company’s EBITDA grew by 33.2%, with margins expanding to 48.5%, supported by cost efficiency measures. Airtel Africa’s strategic investments in network expansion and digital innovation continue to bolster its market position and financial performance.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £2.30 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has executed a share buy-back transaction, purchasing 22,094 of its ordinary shares from Barclays Capital Securities Limited as part of its ongoing buy-back programme. This move, which follows the authority granted by shareholders, aims to optimize the company’s capital structure and enhance shareholder value. The purchased shares will be cancelled, reducing the total number of voting rights and shares in circulation, which could potentially impact shareholder calculations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £2.30 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has executed a share buy-back program, purchasing 25,000 ordinary shares at a volume-weighted average price of 226.25 GBp per share. This transaction, part of a $100 million buy-back initiative, aims to reduce the number of shares in circulation, potentially increasing the value of remaining shares and strengthening the company’s market position.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £2.30 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has announced the purchase of 75,000 of its ordinary shares as part of its ongoing share buy-back program, with the shares purchased at a volume-weighted average price of 229.35 GBp. This transaction, executed through Barclays Capital Securities Limited, reduces the total number of voting rights in the company to 3,648,583,589, impacting shareholder calculations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £2.30 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has announced the purchase of 75,000 of its ordinary shares as part of a share buy-back program authorized by shareholders. This transaction, executed through Barclays Capital Securities Limited, is part of a broader $100 million buy-back initiative that began in December 2024. The purchased shares will be canceled, reducing the total number of voting rights in the company, which may affect shareholder calculations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £2.30 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has announced the purchase of 25,000 of its ordinary shares as part of its ongoing share buy-back program. The shares, purchased through Barclays Capital Securities Limited, will be cancelled, reducing the total number of shares in circulation. This move is part of a broader $100 million buy-back initiative aimed at optimizing the company’s capital structure and potentially increasing shareholder value.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £2.30 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has executed a share buy-back transaction, purchasing 25,000 of its ordinary shares at a volume-weighted average price of 227.93 GBp per share. This move, part of a larger $100 million share buy-back programme, is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £2.30 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has announced the purchase of 25,000 of its ordinary shares as part of its ongoing share buy-back programme, which was initially announced in September 2025. The shares were acquired at prices ranging from 227.00p to 228.80p and will be cancelled, reducing the total number of voting rights in the company. This move is part of a broader $100 million share buy-back initiative that began in December 2024, aimed at enhancing shareholder value and optimizing the company’s capital structure.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £2.30 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa announced the purchase of 15,000 of its ordinary shares as part of its ongoing share buy-back program, initiated to enhance shareholder value. The shares were acquired at a volume-weighted average price of 228.18 GBp and will be canceled, contributing to the company’s strategic financial management efforts and potentially impacting its market positioning by signaling confidence in its financial health.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £2.30 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa is set to announce its half-year financial results for the period ending 30 September 2025 on 28 October 2025. The announcement will be accompanied by a presentation and conference call for analysts and investors, highlighting the company’s ongoing commitment to transparency and stakeholder engagement.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £2.30 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Airtel Africa has announced the purchase of 15,000 of its ordinary shares as part of its ongoing $100 million share buy-back program. This strategic move, executed through Barclays Capital Securities Limited, is aimed at optimizing the company’s capital structure and enhancing shareholder value, reflecting confidence in its future growth prospects.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £2.30 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.