IHS Holding Ltd income statement

In fiscal 2025, IHS Holding Ltd reported revenue of $1.58bn, up 3.6% on the year before, operating income of $821m (a 51.9% margin) and net income of $144m, or $0.42 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

IHS Holding Ltd: income statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	1,231	1,403	1,580	1,961	1,925	1,527	1,582
Cost of revenue	811	838	907	1,157	1,037	734	705
Gross profit	420	565	672	804	889	794	877
General and administrative	556	236	337	501	365	275	235
Operating income	−157	332	388	312	524	604	821
Interest expense	194	205	208	308	342	352	294
Income before tax	−410	−153	−8	−544	−1,814	−1,411	691
Income tax	14	170	18	−75	103	69	86
Net income	−423	−322	−26	−459	−1,977	−1,632	144
Diluted EPS	−$1.44	−$1.09	−$0.09	−$1.39	−$5.93	−$4.90	$0.42
Diluted shares (average)	316m	317m	322m	331m	333m	333m	335m
EBITDA	227	741	771	781	960	967	—

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from IHS Holding Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to IHS Holding Ltd.