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LONDON - On Tuesday, IHS Holding Limited (NYSE:IHS) reported second-quarter earnings that beat analyst expectations and raised its full-year 2025 guidance.
The telecommunications infrastructure company’s shares fell 4.45% in pre-market trading following the results.
The company posted adjusted earnings of $0.11 per share, exceeding analyst estimates of $0.05 per share. Revenue came in at $433.3 million, surpassing the consensus estimate of $417.83 million, though representing a slight 0.5% decrease YoY. Excluding the impact of the Kuwait operations disposal in December 2024, revenue would have increased 2.1%.
Adjusted EBITDA for the quarter was $248.5 million, down 0.9% YoY, with an Adjusted EBITDA margin of 57.3%. The company reported income of $32.3 million for the period, compared to a loss of $124.3 million in the same quarter last year.
"Our positive momentum continued in the second quarter, with strong performances across our key metrics of revenue, Adjusted EBITDA and ALFCF, in combination with a continued reduction in Total (EPA:TTEF) Capex," said Sam Darwish, IHS Towers Chairman and CEO. "Given our encouraging year-to-date progress, together with sustained macroeconomic stability across our markets, we are also pleased to be raising our full year 2025 guidance across all key metrics."
The company raised its full-year 2025 outlook, now expecting revenue between $1.7 billion and $1.73 billion, compared to its previous forecast of $1.68 billion to $1.71 billion. The midpoint of the new guidance is in line with the analyst consensus of $1.71 billion.
IHS Towers also announced an agreement to dispose of its Rwanda operations to Paradigm Tower Ventures at an enterprise value of $274.5 million as part of its strategic initiatives aimed at shareholder value creation.
The company’s consolidated net leverage ratio stood at 3.4x, down 0.5x YoY, remaining within its target range of 3.0x-4.0x.
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