AIRTELAFRI | Airtel Africa - Company Update : Operational strategies to support margins

    Airtel Africa Plc (AIRTELAFRI) is poised to return to profitability in FY'24/25, driven by strategic efforts to eliminate dollar-denominated debt at the HoldCo level by localising debt within its respective OpCos.  To support this premise, AIRTELAFRI, in its half-year result, reported a significant 60.2% YoY decline in net FX losses to $260.00 million, which provided a much-needed boost to PBT (14.8x YoY to $178.00 million). We expect FY'24/25 PAT to settle at $230.04 million from a loss of $89.00 million in the preceding year. 

    In FY'25/26, we anticipate that revenue improvements, lower OpCo FCY debt exposure, and zero dollar-denominated debt at the HoldCo level will likely support bottom-line performance. Consequently, we estimate a lower net FX loss of $201.44 million and a higher PAT of $488.60 million in FY'26F.

     

    Download (416.19 KB)

     

    Instagram - https://instagram.com/CardinalStoneNG
    CardinalStone is a full service investment banking firm with a vision to build a world class investment banking firm of African origin; operating out of Lagos, Nigeria. The firm was incorporated in April 2008 and began operations in June 2008. CardinalStone is duly registered with the Securities & Exchange Commission in Nigeria to carry on business as an Issuing House, Fund Manager and Broker/Dealer The Firm's activities are carried out across five business units: Asset Management, Investment Banking, Private Equity, Securities Trading and the Business Support Group.
    Latest Reports

    POPULAR REPORTS