IHS Holding ( (IHS) ) has shared an update.
On March 18, 2025, IHS Holding Limited announced its financial results for the fourth quarter and full year ending December 31, 2024. The company reported a revenue decrease of 19.5% year-on-year, primarily due to the significant devaluation of the Nigerian Naira. However, organic revenue grew by 48.1%, driven by constant currency growth and increased revenue from colocation and new sites. The company also highlighted strategic advancements, including the disposal of its 70% interest in IHS Kuwait Limited and the extension of debt maturity profiles, which are part of a broader strategic review aimed at enhancing shareholder value. Despite challenges, IHS Towers achieved financial results ahead of guidance across all metrics, reflecting strong operational and strategic execution.
More about IHS Holding
IHS Holding Limited, also known as IHS Towers, is one of the largest independent owners, operators, and developers of shared communications infrastructure globally, measured by tower count. The company focuses on providing telecommunications infrastructure services, including colocation, lease amendments, and new site developments, with a significant presence in various international markets.
YTD Price Performance: 22.96%
Average Trading Volume: 346,835
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.26B
Learn more about IHS stock on TipRanks’ Stock Analysis page.
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