January 30, (THEWILL) — Airtel Africa posted a strong rebound in profitability, reporting a net profit of $586 million for its latest financial year, driven largely by foreign exchange gains and higher tariffs across key African markets, including Nigeria.
The telecoms group said improved currency stability in some operating countries helped reverse earlier FX-related losses, while recent tariff adjustments lifted average revenue per user (ARPU), supporting overall revenue growth. Nigeria, Airtel Africa’s largest market by subscribers, remained a major contributor to the improved performance.
Revenue rose across mobile services, data usage and mobile money operations, reflecting sustained demand for digital connectivity despite broader economic pressures. Data revenues continued to outpace traditional voice services, underlining the shift in consumer behaviour toward internet-based communication and digital services.
The company also benefited from cost controls and operational efficiencies, which helped expand margins even as inflation pushed up operating expenses in several markets.
Airtel Africa’s mobile money platform recorded double-digit growth in customers and transaction volumes, strengthening its position in Africa’s fast-growing fintech ecosystem.
Management said the combination of improved FX conditions, pricing adjustments and strong customer demand had placed the group on a firmer financial footing going into the new financial year.
The results highlight how telecom operators are increasingly leveraging tariff reforms and digital services to navigate currency volatility and sustain profitability across Africa’s challenging macroeconomic environment.
Ogochukwu Onwaeze
