Airtel Africa reported an annualised mobile money transaction value of $145 billion for the fiscal year ending March 31, 2025, reflecting a 34% increase in constant currency. The number of mobile money customers grew by 17.3% year-over-year, reaching 44.6 million users.
The company’s total revenue for FY25 stood at $4.96 billion, marking a 21.1% growth in constant currency. However, due to currency devaluations, particularly in Nigeria, reported revenue declined by 0.5%.
Mobile services revenue experienced an 18.8% increase in constant currency, driven by voice revenue growth of 9.8% and data revenue growth of 29.5%. Mobile money revenue grew by 29.6% in constant currency.
Despite a 5.1% decline in reported EBITDA to $2.3 billion, the company maintained an EBITDA margin of 46.5%. The decline was attributed to increased fuel prices and Nigeria’s lower contribution.
Airtel Africa’s profit after tax rebounded to $328 million in FY25, up from $103 million in the previous year.
In Nigeria, the company’s largest market, revenue declined by 44.2% in reported currency due to the significant devaluation of the naira. However, in constant currency terms, revenue grew by 35.8%, with voice and data revenues increasing by 23.0% and 44.4%, respectively.
Nigeria’s currency devaluations have been a major problem for Airtel’s financials. Earlier this year, Techpoint Africa reported that the telecom operator suffered losses only in Nigeria for the period ending December 2024.
It recorded a revenue drop of $500 million to $738 million, a 40.3% drop from the $1.23 billion recorded in 2023.
This trend is similar to other telcos like MTN, which suffered an after-tax loss of ₦137 billion in 2023 and ₦656.4 billion in net foreign exchange losses.
Meanwhile, Airtel Africa reported a 7.9% increase in its customer base over nine months, reaching 138.5 million subscribers.
To mitigate currency risks, Airtel Africa has increased its local currency debt exposure to 93.4%, up from 83% the previous year. This strategy aims to enhance financial stability amid currency volatility.
The company continues to invest in network expansion and digital infrastructure to support its growth across the continent.
