Record Tenancy Additions and Strong Financial Growth
Helios Towers reported record tenancy additions in 2024 with close to 2,500 tenants added, leading to a tenancy ratio of 2.1. The company showed a 10% revenue growth, 14% EBITDA growth, and a significant $100 million positive swing in free cash flow year-on-year.
Surplus Free Cash Flow Achieved
For the first time, Helios Towers reported a surplus free cash flow of $19 million in 2024, marking a significant financial milestone for the company.
Credit Rating Upgrade
Helios Towers received a credit rating upgrade from S&P to BB-, marking the second upgrade within 12 months and reflecting improved business performance and credit ratings in its market.
Guidance for Continued Growth in 2025
The company expects to add between 2,000 to 2,500 tenancies in 2025, aims for double-digit EBITDA growth, and projects a significant increase in free cash flow to $40 million to $60 million.
Operational Excellence and Long-term Growth Potential
The company has shown 10 years of uninterrupted EBITDA growth at a 26% CAGR since 2015, highlighting its operational excellence and strong market position in Africa and the Middle East.