Q1 2025 Airtel Africa PLC Earnings Call Transcript
Key Points
- Airtel Africa PLC (NSA:AIRTELAFRI) reported a 19% revenue growth in constant currency terms, reaching $1.16 billion in Q1 '25.
- EBITDA margins remain strong at 45.3%, despite inflationary pressures and currency devaluation.
- The company continues to be a cost leader and the most profitable mobile network operator in Africa.
- Significant growth opportunities identified in fiber, home broadband, and enterprise business segments.
- Strong performance in mobile money business with 28% constant currency revenue growth and a 29% increase in transaction value.
- Reported currency revenues declined by 16.1% due to significant currency headwinds.
- Inflationary pressures, particularly rising diesel prices in Nigeria, have negatively impacted EBITDA margins.
- Foreign exchange fluctuations resulted in derivative and foreign exchange losses of $136 million, primarily due to naira devaluation.
- Francophone region experienced pressure on consumer spend from inflationary and competitive pressures, impacting growth.
- Regulatory charges and MAT-related expenses in some Francophone countries have further impacted EBITDA margins.
Good day, ladies and gentlemen, and welcome to the Airtel Africa Q1 '25 results. (Operator Instructions) Please note that this call is being recorded.
I would now like to turn the conference over to Sunil Taldar. Please go ahead, sir.
Very good afternoon and good morning to our colleagues joining from the US and very warm welcome to this call, and thank you for joining us on today's call. For those that may not know me. My name is Sunil Taldar, and I've taken over as CEO from beginning of July.
I'm joined on the line by our CFO, Jaideep Paul, and Head of Investor Relations, Alastair Jones. We will shortly be answering your questions. But first, I would like to provide you with a brief overview of the performance in the first quarter and also give a few initial insight of the business and the opportunity that is available for April Africa to capitalize on. I'm very much looking forward to engaging with you in the future as we report on these ambitions.
Over
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