Airtel Africa Q3 net jumps over 11-fold on-yr to $169 mn on $94-mn exceptional gain, lower finance costs
Bharti Airtel’s Africa business reported an over 11-fold on-year jump in net profit to $169 million in the fiscal third quarter, on the back of a $94 million exceptional gain triggered by appreciation in key African currencies and a sharp fall in net finance costs.
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Airtel Africa’s revenue also rose 2% on-year to nearly $1.27 billion, helped by decent customer additions, higher data usage and growth of its mobile money business.
“In Q3’25, profit after tax benefitted from an exceptional gain of $94 million (net of tax) following the naira and Tanzanian shilling appreciation,” Airtel Africa said in its earnings statement Thursday.
Airtel’s Africa unit also launched a second share buyback programme, which will return up to $100 million to shareholders.
“Following the completion of the first $100 million buyback, in December 2024 we announced the commencement of a second share-buyback programme that will return up to $100 million to shareholders, the company said.
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