Airtel Money IPO preparations gather momentum, to list on NGX H1, 2026

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• As Mobile Money Subscribers Rose 17.3% to 44.6m in 2025, Data revenue grew 30.5%

Airtel Africa Plc in the 2025 financial year ended 31 March 2025 showed significant growth in key performance measuring indices, as the group is repositioned with reduction of its foreign currency debt by $702million.

The Group Results for the year ended 31 March 2025 released by the NGX to the Nigerian capital market operators on May 08th 2025, showed remarkable performance, in the face of an improving operating environment, as it consolidated plans for the Airtel Money IPO, having expressed sound commitment to this objective.

The result showed that across the Group, mobile services revenue grew by 19.6 per cent in constant currency, driven by voice revenue growth of 10.6 per cent and data revenue growth of 30.5 per cent. Mobile money revenue grew by 29.9% in constant currency.

Accelerating growth and sequential margin expansion by the group during the year under consideration, supported strong operating and financial momentum.

Operating highlights of the group’s result showed that, Airtel’ Africa’s total customer base grew by 8.7 per cent to 166.1 million, with our focus on digital inclusion supporting a 4.3 per cent increase in smartphone penetration to 44.8 per cent. The Group’s Data customers increased by 14.1 per cent to 73.4 million, with data us- age per customer increasing by 30.4 per cent to 7.0 GB, supporting data ARPU growth of 15.4 per cent in constant currency.

The result showed that Airtel’s continued investment in its Airtel Money agent network, enhanced digital offerings and expanded use cases contributed to a 17.3 per cent increase in mobile money subscribers to 44.6 million and an 11.4 per cent growth in constant currency ARPU.

In Q4 ‘25, transaction value increased by 34% in constant currency with annualised transaction value of $145bn.

The group’s strategic focus on great customer experience was underpinned by sustained network investment with the rollout of 2,583 new sites and approximately 3,300 kms of fibre, supporting increased data capacity across the region.