Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review
Airtel Africa
On this page
Company details
- Legal name
- Airtel Africa plc
- Listing
- AIRTELAFRI on the Nigerian Exchange, active · ISIN GB00BKDRYJ47 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 March
Overview
Year ended 31 March 2026 · annual report, final status not established · source
Read with these figures
- Annual report not confirmed as final. The published copy is unsigned. The FY to 31 Mar 2026 figures come from it.
- Auditor's emphasis of matter. Other reporting: '15.3. Limited assurance conclusion on the Group's control attestation': a separate limited assurance report on financial controls for Nigerian regulatory purposes (p175-176); not an emphasis of matter on these statements (p174).
Full wording and sources
Annual report for 2026: final status not established
The independent auditor's report to the members (PDF pp165-174) closes with the typeset 'Ryan Duffy (Senior statutory auditor) For and on behalf of Deloitte LLP, Statutory Auditor, Birmingham, United Kingdom, 7 May 2026'; no handwritten or image signature is shown (PDF p174, page image). The consolidated statements were approved by the board on 7 May 2026 and signed on its behalf by Sunil Taldar, Chief executive officer, typeset with no signature image (PDF p178, page image).
Source: Airtel Africa plc Annual Report and Accounts 2026 (dated 2026-05-07)
Auditor's emphasis of matter
Other reporting: '15.3. Limited assurance conclusion on the Group's control attestation': a separate limited assurance report on financial controls for Nigerian regulatory purposes (p175-176); not an emphasis of matter on these statements (p174).
Source: Airtel Africa plc Annual Report and Accounts 2026 (dated 2026-05-07)
-
Revenue
USD 6.42 billion
6,415 USD millions · p177
+29.5% vs 2025
-
Operating profit / (loss)
USD 2.12 billion
2,115 USD millions · p177
+45.2% vs 2025
-
Profit / (loss) for the year
USD 813 million
813 USD millions · p177
+147.9% vs 2025
-
Total assets
USD 14.0 billion
13,963 USD millions · p178
+16.1% vs 2025
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Total equity
USD 3.49 billion
3,488 USD millions · p178
+25.7% vs 2025
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Cash from operations
USD 3.20 billion
3,195 USD millions · p180
+41.0% vs 2025
Large amounts are rounded for reading (USD million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in USD millions unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY to 31 Mar 2026 — annual report, final status not established; reported for the year · source
- FY to 31 Mar 2025 — annual report, final status not established; comparative in the FY to 31 Mar 2026 filing · source
Income statement
| Line (as printed) | FY to 31 Mar 2026Annual reportreported for the year | FY to 31 Mar 2025Annual reportcomparative in FY to 31 Mar 2026 filing |
|---|---|---|
| Revenue | 6,415 | 4,955 |
| Other income | 27 | 22 |
| Income (unlabelled total)1 | 6,442 | 4,977 |
| Network operating expenses2 | (1,183) | (974) |
| Access charges3 | (261) | (236) |
| Licence fee and spectrum usage charges4 | (293) | (263) |
| Employee benefit expenses | (360) | (302) |
| Sales and marketing expenses5 | (852) | (650) |
| Impairment loss on financial assets | (11) | (7) |
| Other operating expenses | (320) | (257) |
| Depreciation and amortisation6 | (1,047) | (831) |
| Expenses (unlabelled total)7 | (4,327) | (3,520) |
| Operating profit | 2,115 | 1,457 |
| Nigerian naira8 | 149 | (118) |
| Other currencies9 | (22) | (61) |
| – Other finance costs10 | (867) | (663) |
| Finance income | 27 | 20 |
| Net monetary gain relating to hyperinflationary accounting11 | 17 | 26 |
| Share of profit of associate and joint venture accounted for using equity method | 0 | 0 |
| Profit before tax | 1,419 | 661 |
| Income tax expense | (606) | (333) |
| Profit for the year | 813 | 328 |
| Other comprehensive income for the year | 252 | 221 |
| Total comprehensive income for the year | 1,065 | 549 |
| Non-controlling interests12 | 134 | 108 |
Notes and alternative reported figures (12)
- “Income (unlabelled total)” is an issuer-specific line, not mapped to a shared definition: Unlabelled total of revenue and other income.
- “Network operating expenses” is an issuer-specific line, not mapped to a shared definition: Operating expense line.
- “Access charges” is an issuer-specific line, not mapped to a shared definition: Interconnect / access charges.
- “Licence fee and spectrum usage charges” is an issuer-specific line, not mapped to a shared definition: Operating expense line.
- “Sales and marketing expenses” is an issuer-specific line, not mapped to a shared definition: Operating expense line.
- “Depreciation and amortisation” is an issuer-specific line, not mapped to a shared definition: Depreciation and amortisation, one line.
- “Expenses (unlabelled total)” is an issuer-specific line, not mapped to a shared definition: Unlabelled total of operating expenses incl. depreciation and amortisation; printed positive, deducted.
- “Nigerian naira” is an issuer-specific line, not mapped to a shared definition: Finance costs: derivative and net FX (gains)/losses on the Nigerian naira; printed as a charge.
- “Other currencies” is an issuer-specific line, not mapped to a shared definition: Finance costs: derivative and net FX (gains)/losses on other currencies; printed as a charge.
- “– Other finance costs”: mapping to a shared definition is uncertain. Printed '– Other finance costs' under 'Finance costs'; no finance-costs total is printed. Derivative and FX (gains)/losses are recorded apart (issuer concepts).
- “Net monetary gain relating to hyperinflationary accounting” is an issuer-specific line, not mapped to a shared definition: Note 11 (Malawi); printed as a negative charge.
- “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Attribution of profit.
Balance sheet
| Line (as printed) | FY to 31 Mar 2026Annual reportreported for the year | FY to 31 Mar 2025Annual reportcomparative in FY to 31 Mar 2026 filing |
|---|---|---|
| Property, plant and equipment | 2,425 | 2,086 |
| Capital work-in-progress1 | 265 | 194 |
| Right-of-use assets | 3,569 | 3,029 |
| Goodwill2 | 3,238 | 3,008 |
| Other intangible assets | 871 | 810 |
| Intangible assets under development3 | 25 | 8 |
| Investment accounted for using equity method | 6 | 5 |
| – Investments4 | 0 | 0 |
| – Derivative instruments5 | 0 | 0 |
| – Others6 | 17 | 10 |
| Income tax assets (net)7 | 8 | 8 |
| Deferred tax assets (net) | 428 | 509 |
| Other non-current assets8 | 206 | 195 |
| Non-current assets (unlabelled total) | 11,058 | 9,862 |
| Inventories | 16 | 19 |
| – Investments | 20 | –9 |
| – Derivative instruments | 1 | 1 |
| – Trade receivables10 | 193 | 203 |
| – Cash and cash equivalents | 646 | 552 |
| – Other bank balances11 | 197 | 81 |
| – Balance held under mobile money trust12 | 1,395 | 952 |
| – Others13 | 90 | 67 |
| Other current assets14 | 341 | 286 |
| Assets classified as held for sale15 | 6 | –9 |
| Current assets (unlabelled total) | 2,905 | 2,161 |
| Total assets | 13,963 | 12,023 |
| – Borrowings | 1,019 | 1,095 |
| – Lease liabilities | 329 | 231 |
| – Put option liability16 | 515 | 542 |
| – Derivative instruments | 7 | 10 |
| – Trade payables17 | 612 | 485 |
| – Mobile money wallet balance18 | 1,310 | 928 |
| – Others19 | 486 | 383 |
| Employee benefit obligations20 | 64 | 66 |
| Provisions | 35 | 45 |
| Deferred revenue21 | 173 | 135 |
| Current tax liabilities (net) | 174 | 89 |
| Other current liabilities22 | 268 | 233 |
| Current liabilities (unlabelled total) | 4,992 | 4,242 |
| Net current liabilities23 | (2,087) | (2,081) |
| – Borrowings | 1,169 | 1,226 |
| – Lease liabilities | 3,895 | 3,430 |
| – Derivative instruments24 | 0 | 0 |
| –Others25 | 201 | 216 |
| Employee benefit obligations26 | 33 | 23 |
| Provisions27 | 2 | 2 |
| Deferred revenue28 | 43 | 0 |
| Deferred tax liabilities (net) | 136 | 106 |
| Other non-current liabilities29 | 4 | 3 |
| Non-current liabilities (unlabelled total) | 5,483 | 5,006 |
| Total liabilities | 10,475 | 9,248 |
| Share capital | 1,827 | 1,835 |
| Reserves and surplus30 | 1,321 | 651 |
| Equity attributable to owners of the company | 3,148 | 2,486 |
| Non-controlling interests (‘NCI’) | 340 | 289 |
| Total equity | 3,488 | 2,775 |
| Balance held under mobile money trust (with trust accounts)31 | 1,394 | 952 |
| Bank overdraft32 | 255 | 444 |
- Printed “–”, read as nil: subtotal_arithmetic: bs.current_assets.
Notes and alternative reported figures (31)
- “Capital work-in-progress” is an issuer-specific line, not mapped to a shared definition: Non-current asset (note 15).
- “Goodwill” is an issuer-specific line, not mapped to a shared definition: Non-current asset (note 16).
- “Intangible assets under development” is an issuer-specific line, not mapped to a shared definition: Non-current asset.
- “– Investments” is an issuer-specific line, not mapped to a shared definition: Non-current financial asset.
- “– Derivative instruments” is an issuer-specific line, not mapped to a shared definition: Non-current financial asset.
- “– Others” is an issuer-specific line, not mapped to a shared definition: Non-current financial asset.
- “Income tax assets (net)” is an issuer-specific line, not mapped to a shared definition: Non-current asset.
- “Other non-current assets” is an issuer-specific line, not mapped to a shared definition: Non-current asset.
- “– Trade receivables”: mapping to a shared definition is uncertain. Printed 'Trade receivables'; other receivables sit in '– Others' and other current assets.
- “– Other bank balances” is an issuer-specific line, not mapped to a shared definition: Current financial asset (note 20).
- “– Balance held under mobile money trust” is an issuer-specific line, not mapped to a shared definition: Current financial asset (note 21): balances held on behalf of mobile money customers, not available for use by the Group.
- “– Others” is an issuer-specific line, not mapped to a shared definition: Current financial asset.
- “Other current assets” is an issuer-specific line, not mapped to a shared definition: Current asset.
- “Assets classified as held for sale” is an issuer-specific line, not mapped to a shared definition: Current asset.
- “– Put option liability” is an issuer-specific line, not mapped to a shared definition: Current financial liability: put options held by non-controlling interests.
- “– Trade payables”: mapping to a shared definition is uncertain. Printed 'Trade payables'; other payables sit in '– Others' and other current liabilities.
- “– Mobile money wallet balance” is an issuer-specific line, not mapped to a shared definition: Current financial liability: customers' mobile money balances.
- “– Others” is an issuer-specific line, not mapped to a shared definition: Current financial liability.
- “Employee benefit obligations” is an issuer-specific line, not mapped to a shared definition: Current liability.
- “Deferred revenue” is an issuer-specific line, not mapped to a shared definition: Current liability.
- “Other current liabilities” is an issuer-specific line, not mapped to a shared definition: Current liability.
- “Net current liabilities” is an issuer-specific line, not mapped to a shared definition: Current assets less current liabilities, printed negative.
- “– Derivative instruments” is an issuer-specific line, not mapped to a shared definition: Non-current financial liability.
- “–Others” is an issuer-specific line, not mapped to a shared definition: Non-current financial liability.
- “Employee benefit obligations” is an issuer-specific line, not mapped to a shared definition: Non-current liability.
- “Provisions” is an issuer-specific line, not mapped to a shared definition: Non-current liability.
- “Deferred revenue” is an issuer-specific line, not mapped to a shared definition: Non-current liability.
- “Other non-current liabilities” is an issuer-specific line, not mapped to a shared definition: Non-current liability.
- “Reserves and surplus” is an issuer-specific line, not mapped to a shared definition: Retained earnings, transactions-with-NCI reserve and other components of equity (note 29).
- “Balance held under mobile money trust (with trust accounts)” is an issuer-specific line, not mapped to a shared definition: Note 20 cash reconciliation (p209): the part of the mobile money trust balance counted as cash for the statement of cash flows.
- “Bank overdraft” is an issuer-specific line, not mapped to a shared definition: Note 20 (p209): bank overdraft deducted in arriving at cash for the statement of cash flows; not printed on the statement of financial position (presumably within current borrowings), so kept as an issuer concept outside the balance-sheet arithmetic.
Cash flow
| Line (as printed) | FY to 31 Mar 2026Annual reportreported for the year | FY to 31 Mar 2025Annual reportcomparative in FY to 31 Mar 2026 filing |
|---|---|---|
| Operating cash flow before changes in working capital1 | 3,189 | 2,302 |
| Net cash generated from operations before tax | 3,590 | 2,589 |
| Income taxes paid | (395) | (323) |
| Net cash generated from operating activities (a) | 3,195 | 2,266 |
| Purchase of property, plant and equipment and capital work-in-progress | (753) | (736) |
| Purchase of intangible assets and intangible assets under development | (122) | (123) |
| Maturity of deposits with bank2 | 325 | 392 |
| Investment in deposits with bank3 | (438) | (123) |
| (Purchase)/sale of other short-term investment4 | (21) | 2 |
| Interest received | 23 | 26 |
| Net cash used in investing activities (b) | (986) | (562) |
| Purchase of shares under buy-back programme5 | (74) | (120) |
| Purchase of own shares by ESOP trust (net)6 | 0 | 0 |
| Proceeds from sale of shares to NCI7 | –8 | 10 |
| Proceeds from borrowings | 1,133 | 1,383 |
| Repayment of borrowings | (1,164) | (1,400) |
| Repayment of lease liabilities | (204) | (222) |
| Dividend paid to non-controlling interests9 | (105) | (72) |
| Dividend paid to owners of the company | (246) | (229) |
| Payment of deferred spectrum liability10 | (31) | (29) |
| Interest on borrowings, lease liabilities and other liabilities11 | (839) | (670) |
| Outflow on maturity of derivatives (net)12 | (61) | (194) |
| Net cash used in financing activities (c) | (1,591) | (1,543) |
| Increase in cash and cash equivalents during the year (a+b+c) | 618 | 161 |
| Currency translation differences relating to cash and cash equivalents | 107 | (1) |
| Cash and cash equivalents as at beginning of the year | 1,060 | 900 |
| Cash and cash equivalents as at end of the year (refer to note 20) | 1,785 | 1,060 |
- Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (11)
- “Operating cash flow before changes in working capital” is an issuer-specific line, not mapped to a shared definition: Operating subtotal.
- “Maturity of deposits with bank” is an issuer-specific line, not mapped to a shared definition: Investing.
- “Investment in deposits with bank” is an issuer-specific line, not mapped to a shared definition: Investing.
- “(Purchase)/sale of other short-term investment” is an issuer-specific line, not mapped to a shared definition: Investing.
- “Purchase of shares under buy-back programme” is an issuer-specific line, not mapped to a shared definition: Financing.
- “Purchase of own shares by ESOP trust (net)” is an issuer-specific line, not mapped to a shared definition: Financing.
- “Proceeds from sale of shares to NCI” is an issuer-specific line, not mapped to a shared definition: Financing.
- “Dividend paid to non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Financing.
- “Payment of deferred spectrum liability” is an issuer-specific line, not mapped to a shared definition: Financing.
- “Interest on borrowings, lease liabilities and other liabilities” is an issuer-specific line, not mapped to a shared definition: Financing: interest paid on borrowings, leases and other liabilities, one line.
- “Outflow on maturity of derivatives (net)” is an issuer-specific line, not mapped to a shared definition: Financing.
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Mar 2026 | Dividends paid (cash flow statement) | Dividend paid to owners of the company |
(246) | USD millions | Annual report, p180 |
| 31 Mar 2025 | Dividends paid (cash flow statement) | Dividend paid to owners of the company |
(229) | USD millions | Annual report, p180 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
Airtel Africa plc Annual Report and Accounts 2026
Year ended 31 March 2026 · Annual report · final status not established
Audit: Deloitte LLP (Statutory Auditor, Birmingham, United Kingdom), unmodified opinion
Auditor's sign-off: Ryan Duffy (Senior statutory auditor), for and on behalf of Deloitte LLP (typeset)
Final status: The independent auditor's report to the members (PDF pp165-174) closes with the typeset 'Ryan Duffy (Senior statutory auditor) For and on behalf of Deloitte LLP, Statutory Auditor, Birmingham, United Kingdom, 7 May 2026'; no handwritten or image signature is shown (PDF p174, page image). The consolidated statements were approved by the board on 7 May 2026 and signed on its behalf by Sunil Taldar, Chief executive officer, typeset with no signature image (PDF p178, page image).
- Document date
- 7 May 2026
- Auditor's report
- 7 May 2026
- Board approval
- 7 May 2026
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY to 31 Mar 2026, FY to 31 Mar 2025
- Basis
- consolidated statements · USD millions (printed “$m”)
- Expenses, finance costs, finance income, the hyperinflation monetary gain, the share of associates and income tax are printed as positive charges (gains in brackets) and deducted; recorded negated. Amounts under half a million are printed '0'. No total equity and liabilities line is printed (Net assets = Total equity).
- Earnings per share is printed in US cents (basic and diluted 18.6; 2025: 6.0, PDF p177); stored in dollars with the printed unit kept. The listing is on NGX (NGN); the statements are in US dollars.
- The queue listed this document as FY2025 (period end 2025-03-31); it is the Annual Report and Accounts 2026 for the year ended 31 March 2026 (comparative 31 March 2025). The figures agree with the FY2026 results announcement transcribed in fin-r5-w13 (a summary); this is the full audited source for the same year.
Technical details
- File
- 254 pages, with a text layer
- SHA-256
6cf002c680ea501912f9cb2abd4329e67912f627d700e01b13ba0d498095f2d0- Entity as printed
- Airtel Africa Plc (the 'parent company') and its subsidiaries (the 'group'); company registration number 11462215 (PDF pp166, 178)
- Issuer copy
- retrieved 2026-10-08T20:39:07Z
Data notes
No figure-level notes beyond those in the tables.
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.