OakChart

IHS Holding Ltd

IHSReal Estate·Real Estate Services·United Kingdom·Mid·NYSE·Nov 11 • 3:59 PM ET

8.46-0.02 (-0.24%)
2026-11-12 01:30 CET
Market cap
2,869.13 USD m
Revenue, TTM
1,588.50 USD m
Net income, TTM
-17.10 USD m
Free cash flow, TTM
439.28 USD m
EPS diluted, TTM
-0.06
P/E
-
Compare

Price

IHS against its 20, 50 and 200-day averages
2050200earnings
7.507.758.008.258.507.1M14.3MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26IHSclose 8.4620-day 8.4550-day 8.44200-day 8.288.46

5.5% under the 52-week high of 8.95 on 3 Feb 2026. 52-week low 5.71 on 14 Nov 2025. Last 15 sessions, 0.9% high to low

Volume 0.58× normal · the line is the 50-bar volume average

Profile

IHS
52-week range, 85% of the way up
5.718.95

IHS Holding Ltd. provides mobile telecommunications infrastructure services. It operates through the following geographical segments: Nigeria, Sub-Saharan Africa (SSA), Middle East and North Africa (MENA), Latin America(Latam), and Other. The SSA segment operates in Cameroon, Cote d'Ivoire, Rwanda and Zambia. The Latam segment consists of Brazil, Colombia and Peru. The MENA segment focuses in Kuwait and Egypt operations. The company was founded by Issam Darwish, William S. Saad, and Mohamad Darwish in 2001 and is headquartered in London, the United Kingdom.

Employees2762
IPOOct 14, 2021
Beta0.70
ATR, 14d0.04
Rel volume0.58
Short float1.62%
Insider own50.38%
Inst own33.23%

Snapshot

6 groups

Valuation

Index-
Market Cap2.86B
Enterprise Value4.53B
Income-17.10M
Sales1.59B
Book/sh-0.50
Cash/sh5.43
Dividend Est.0.18 (2.13%)
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout0.00%
Employees2762
IPOOct 14, 2021

Ratios

P/E-
Forward P/E12.44
PEG0.50
P/S1.80
P/B-
P/C1.56
P/FCF6.52
EV/EBITDA5.89
EV/Sales2.85
Quick Ratio1.78
Current Ratio1.85
Debt/Eq-
LT Debt/Eq-
Option/ShortYes / Yes

Earnings

EPS (ttm)-0.06
EPS next Y0.68
EPS next Q0.28
EPS this Y39.29%
EPS next Y16.24%
EPS next 5Y24.73%
EPS past 3/5Y- -
Sales past 3/5Y-6.91% 2.43%
EPS Y/Y TTM-103.64%
Sales Y/Y TTM-10.04%
EPS Q/Q-105.38%
Sales Q/Q7.78%
EarningsNov 10 BMO
EPS/Sales Surpr.-73.33% 20.85%

Ownership

Insider Own50.38%
Insider Trans0.00%
Inst Own33.23%
Inst Trans-8.10%
ROA10.96%
ROE-
ROIC-0.62%
Gross Margin53.73%
Oper. Margin31.92%
Profit Margin-1.08%
SMA200.10%
SMA500.27%
SMA2002.15%
Trades-

Technical

Shs Outstand338.34M
Shs Float167.89M
Short Float1.62%
Short Ratio3.31
Short Interest2.73M
52W High8.95 -5.47%
52W Low5.71 48.16%
Volatility0.55% 0.37%
ATR (14)0.04
RSI (14)52.79
Beta0.70
Rel Volume0.58
Avg Volume824.23K
Volume480,290

Performance

Perf Week-0.24%
Perf Month0.48%
Perf Quarter1.81%
Perf Half Y2.55%
Perf YTD13.40%
Perf Year25.71%
Perf 3Y53.54%
Perf 5Y-46.83%
Perf 10Y-
Recom2.33
Target Price8.17
Prev Close8.48
Price8.46
Change %-0.24%

Analyst ratings

latest 6 of 6
DateActionAnalystRating changeTargetImplied
Nov 14, 2025DowngradeJJP MorganOverweight → Underweight
Aug 28, 2024ResumedCCitigroupBuy$5-40.9%
Jul 01, 2024InitiatedGGoldmanNeutral$3.50-58.6%
Nov 09, 2022InitiatedWWells FargoOverweight$12+41.8%
Jun 10, 2022InitiatedTTigress FinancialBuy$22+160.0%
Nov 18, 2021UpgradeJJP MorganNeutral → Overweight$20 → $22+160.0%

Peers

Mkt cap
TickerCompanyMkt cap
AMTAmerican Tower Corp88.23B
SBACSBA Communications Corp19.84B
CCICrown Castle Inc37.89B
UNITUniti Group Inc988.30M
DLRDigital Realty Trust Inc68.53B
EQIXEquinix Inc105.73B
VEONVEON Ltd ADR4.87B
TIGOMillicom International Cellular SA14.98B
LILALiberty Latin America Ltd1.90B
AMXAmerica Movil SAB de CV ADR78.96B

Insider trading

12 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Howden Stephen JEVP, Chief Financial OfficerApr 07 '26Sale8.2549,212405,856314,912Apr 08 05:15 PM
Darwish MohamadEVP, IHS Nigeria CEOApr 07 '26Sale8.2427,972230,450299,400Apr 08 05:13 PM
Darwish SamChairman and CEOApr 07 '26Sale8.24124,2751,023,852436,015Apr 08 05:12 PM
Darwish SamChairman and Chief Executive OApr 07 '26Proposed Sale8.31124,2841,032,800Apr 07 08:10 AM
Howden Stephen JEVP, CHIEF FINANCIAL OFFICERApr 07 '26Proposed Sale8.3149,220409,018Apr 07 08:08 AM
Darwish MohamadEVP, IHS Nigeria Chief ExecutiApr 07 '26Proposed Sale8.3127,982232,530Apr 07 08:04 AM
Darwish SamChairman and CEOMar 18 '26Sale8.1886,793709,915405,841Mar 20 04:04 PM
Howden Stephen JEVP, Chief Financial OfficerMar 18 '26Sale8.1739,612323,792309,847Mar 20 04:03 PM
Darwish MohamadEVP, IHS Nigeria CEOMar 18 '26Sale8.1816,153132,122291,736Mar 20 04:03 PM
Darwish SamChairman and Chief Executive OMar 18 '26Proposed Sale8.2086,847712,145Mar 18 09:19 AM
Darwish MohamadEVP, IHS Nigeria Chief ExecutiMar 18 '26Proposed Sale8.2016,163132,537Mar 18 09:16 AM
Howden Stephen JEVP, CHIEF FINANCIAL OFFICERMar 18 '26Proposed Sale8.2039,621324,892Mar 18 09:13 AM

Held by

AUM
TickerCompanyAUM
MNANYLIM Merger Arbitrage ETFAUM: 263.22M
FNDASchwab Fundamental U.S. Small Company ETFAUM: 8.98B
SMLFiShares U.S. Small-Cap Equity Factor ETFAUM: 4.26B
PRFZInvesco RAFI US 1500 Small-Mid ETFAUM: 2.66B
ARBAltShares Merger Arbitrage ETFAUM: 110.88M
MRGRProShares Merger ETFAUM: 15.95M
FNDBSchwab Fundamental U.S. Broad Market ETFAUM: 1.52B

News

latest 14 of 200

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-100.0800.300-0.024508.1420.451
2026Q22026-08-11-0.0400.120-0.026471442.721
2026Q12026-05-120.2000.3250.221467.2439.162
2025Q42026-03-16-0.2300.102-0.226397.8428.714
2025Q32025-11-120.4400.0980.450455.1424.15
2025Q22025-08-120.1000.0480.106433.3417.774
2025Q12025-05-200.1000.1380.099439.6408.945
2024Q42025-03-180.7300.0100.740437.82423.135
2024Q32024-11-12-0.6100.077-0.613420.28410.156
2024Q22024-08-13-0.3600.104-0.364435.38428.444
2024Q12024-05-14-4.670-0.028-4.670417.74393.925
2023Q42024-03-12-1.3600.058-1.364509.78473.855
2023Q32023-11-14-0.7900.025-0.789467.02457.875
2023Q22023-08-15-3.7300.112-3.726546.2526.135
2023Q12023-05-230.0300.1700.031602.53569.855
2022Q42023-03-28-0.8200.043-0.768526.17486.856

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2021FY-0.0900.104-0.0791,5801,566
2022FY-1.390-0.569-1.3871,9611,922
2023FY-5.930-4.536-5.9332,1262,090
2024FY-4.900-5.612-4.9001,7111,696
2025FY0.4200.7170.7861,5821,750
2026FY-0.585--1,819
2027FY-0.680--1,815
2028FY-0.815--1,925
2029FY-0.840--2,172
2030FY-0.980--2,328

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-10110456.66456.66456.66
2026Q4S2026-11-03100423.89423.89423.89
2026Q4S2026-08-20101423.89423.89423.89
2026Q4S2026-08-11100480.37480.37480.37
2026Q4S2026-05-28100480.37480.37480.37
2026Q4S2026-05-12200466.83453.28480.37
2026Q4S2026-03-16200467.23453.28481.17
2026Q4S2026-01-15200456.64453.28460
2026Q4S2025-12-21300454.46450.1460
2026Q4S2025-11-18301454.46450.1460
2026Q4S2025-11-12301453.46450.1457
2026Q4S2025-11-11201453.55450.1457
2026Q4S2025-11-10201453.55450.1457
2026Q4E2026-11-101010.280.280.28

Estimate history

EPS, annual-0.401-1.28-0.974-0.079-1.387-5.933-4.90.42-0.0556
Period20182019202020212022202320242025TTM
EPS, quarterly-0.6130.740.0990.1060.45-0.2260.221-0.026-0.024
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual1168.0871231.0561403.1491579.731961.2992125.5391527.215821588.5
Period20182019202020212022202320242025TTM
Sales, quarterly420.282437.822439.6433.3455.1254415.4428.6490.5
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual330.754330.754330.754327.82331.92332.519333.441335.521338.341
Period20182019202020212022202320242025MRQ
Shares, quarterly333.074333.441335.34335.521335.521335.521336.671338.341338.341
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue1,588.501,582.001,527.202,125.541,961.301,579.731,403.151,231.061,168.09
Cost of Goods Sold Incl. D&A734.95717.80738.201,121.851,141.20878.95822.63797.67767.14
Gross Profit853.55864.20789.001,003.69820.10700.78580.52433.39400.95
Selling, General and Administrative Excl. Other368.58657.90540.50348.29283.29209.36195.55523.49173.90
Other Operating Expense-22.00-59.801.1047.9952.3361.8131.5344.5912.06
Operating Income506.98266.10247.40607.41484.47429.61353.45-134.68214.98
Interest Expense264.50317.30367.40437.44320.64212.11209.63209.85186.25
Unusual Expense93.00-5.1095.00185.88342.0981.13-69.1726.4744.49
Net Income Before Taxes598.60690.80-1,410.70-1,880.65-543.98-8.14-152.85-409.97-86.02
Income Taxes124.3086.4069.30107.53-75.0117.98169.8313.5246.75
Consolidated Net Income474.30604.40-1,480.00-1,988.18-468.97-26.12-322.68-423.49-132.77
Net Income From Continuing Operations482.10621.20-1,467.80-1,976.61-459.01-25.83-321.99-423.49-132.77
Net Income-17.10143.60-1,632.00-1,976.61-459.01-25.83-321.99-423.49-132.77
EPS (Recurring)0.140.41-4.70-5.54-0.660.09-1.12-1.22-0.31
EPS (Basic, Before Extraordinaries)-0.050.43-4.90-5.93-1.39-0.08-0.97-1.28-0.40
EPS (Diluted)-0.060.42-4.90-5.93-1.39-0.08-0.97-1.28-0.40
EBITDA769.77647.80615.901,052.16960.46817.14764.75251.53534.40
Non-Operating Income (Expense)408.28736.90-1,195.70-1,864.75-365.72-144.52-365.83-38.97-70.26
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense36.1421.0214.759.639.558.486.01252.76-3.65
Price To Earnings Ratio20.0220.02---43.2543.13--
Price To Sales Ratio1.781.610.640.721.042.93---
Gross Margin53.7354.6351.6647.2241.8144.3641.3735.2034.33
Operating Margin31.9216.8216.2028.5824.7027.2025.19-10.9418.40
Net Margin-1.089.08-106.86-92.99-23.40-1.64-22.95-34.40-11.37
Shares Outstanding338.34335.52333.44332.52331.92327.82330.75330.75330.75
Market Capitalization2,869.132,869.13972.581,532.692,039.884,625.564,612.44--

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue490.50428.60415.40254.00455.10433.30439.60437.82
Cost of Goods Sold Incl. D&A231.30223.10184.1096.45243.10214.70217.50227.79
Gross Profit259.20205.50231.30157.55212.00218.60222.10210.03
Selling, General and Administrative Excl. Other113.50120.00111.4023.6854.5076.1060.3084.34
Other Operating Expense0.000.000.00-22.000.000.000.000.00
Operating Income145.7085.50119.90155.88157.50142.50161.80125.69
Interest Expense76.7077.9081.2028.7086.8097.10106.50-
Unusual Expense37.501.6030.8023.10-28.700.600.000.00
Net Income Before Taxes90.1025.80117.20365.50188.4067.7069.20236.35
Income Taxes61.8040.9050.10-28.5041.0035.4038.50-6.71
Consolidated Net Income28.30-15.1067.10394.00147.4032.3030.70243.07
Net Income From Continuing Operations28.30-15.1067.20401.70151.0035.4033.10246.52
Net Income-8.20-8.8075.80-75.90151.0035.4033.10246.52
EPS (Recurring)0.05-0.020.28-0.180.390.110.100.74
EPS (Basic, Before Extraordinaries)-0.02-0.030.23-0.230.450.110.100.74
EPS (Diluted)-0.02-0.030.22-0.230.450.110.100.74
EBITDA201.40143.00177.00248.38265.30233.80253.50231.58
Non-Operating Income (Expense)58.6019.80109.30220.5889.0022.9013.90110.66
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense0.0012.2617.456.420.000.004.027.63
Price To Earnings Ratio20.0214.8419.205.3520.55---
Price To Sales Ratio1.781.791.811.581.301.081.000.57
Gross Margin52.8447.9555.6862.0346.5850.4550.5247.97
Operating Margin29.7019.9528.8661.3734.6132.8936.8128.71
Net Margin-1.67-2.0518.25-29.8833.188.177.5356.30
Shares Outstanding338.34338.34336.67335.52335.52335.52335.34333.44
Market Capitalization2,869.132,764.692,761.342,487.472,274.071,853.931,740.56972.58

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Cash & Short Term Investments825.70578.00293.82514.08916.49585.42898.80-
Short Term Receivables170.90300.40580.60636.79445.73309.06262.94-
Inventories42.1030.6040.5974.2242.0249.2248.71-
Other Current Assets1,464.3015.3057.6027.8526.1545.6213.25-
Total Current Assets2,503.00924.30972.611,252.931,430.39989.321,223.71-
Net Property, Plant & Equipment1,186.002,021.302,627.143,040.462,234.911,906.171,907.02-
Total Investments and Advances48.1029.401.556.13165.11155.2042.62-
Long-Term Note Receivable2.0073.5071.8935.3221.4115.480.00-
Intangible Assets551.601,077.201,552.331,812.491,625.621,347.10967.77-
Deferred Tax Assets65.1073.3063.7978.3711.0613.444.82-
Other Assets133.8047.5075.4095.0353.6520.9318.78-
Total Assets4,489.604,246.505,364.716,320.735,542.164,447.644,164.71-
Short Term Debt Incl. Current Port. of LT Debt356.40210.80545.31525.35258.18214.37122.00-
Accounts Payable148.40232.90330.62442.96342.84301.81338.40-
Income Tax Payable69.9049.9075.6170.0168.8348.7030.37-
Other Current Liabilities628.60154.60270.42228.07160.71118.7675.68-
Total Current Liabilities1,203.30648.201,221.961,266.39830.56683.64566.46-
Long Term Debt3,153.703,689.703,567.533,424.612,727.012,303.592,118.37-
Provision for Risks Charges59.7083.8086.1384.5371.6049.4729.80-
Deferred Tax Liabilities40.4088.60137.11183.52169.12177.1819.76-
Other Liabilities122.3050.604.631.460.319.560.00-
Total Liabilities4,579.404,560.905,017.364,960.503,798.603,223.452,734.39-
Non-Equity Reserves0.000.000.000.000.000.000.00-
Preferred Stock - Carrying Value0.000.000.000.000.000.000.00-
Common Equity-251.30-473.20109.851,133.031,520.371,209.971,430.32-
Total Shareholders Equity-251.30-473.20109.851,133.031,520.371,209.971,430.32-
Accumulated Minority Interest161.50158.80237.51227.20223.1914.220.00-
Total Equity-89.80-314.40347.351,360.231,743.561,224.191,430.32-
Total Liabilities & Stockholders Equity4,489.604,246.505,364.716,320.735,542.164,447.644,164.71-
Book Value Per Share-0.75-1.420.333.414.643.664.32-
Tangible Book Value Per Share-2.39-4.65-4.34-2.05-0.32-0.411.40-
Full-Time Employees2,7622,8642,9882,7862,2922,0751,854-
Price to Book Ratio-15.79-2.066.001.603.853.84--
Return on Assets14.17-30.54-33.83-7.74-0.52-7.48--
Return on Equity---318.48-34.60-1.89-24.39--
Return on Invested Capital4.95-50.74-53.75-10.07-0.61-9.16-11.93-
Quick Ratio2.051.380.760.931.671.382.07-
Current Ratio2.081.430.800.991.721.452.16-

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income621.57690.80-1,410.70-1,880.65-543.98-8.14-152.85-409.97-86.02
Depreciation264.86375.90362.80435.59468.90382.88408.66384.51317.30
Other Funds (Non Cash)-230.49-410.401,627.702,249.48809.22284.79374.38528.39139.92
Funds from Operations655.94656.30579.80804.41734.15659.53630.18502.92371.20
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital9.2213.20-158.70-224.98-46.24-69.83-157.77-18.13-67.07
Cash from Operating Activities665.17669.50421.10579.43687.91589.70472.42484.79304.13
Capital Expenditures-226.60-252.10-269.10-598.77-559.37-402.48-229.20-258.28-378.03
Net Assets From Acquisitions0.000.000.00-4.49-735.74-401.04-542.910.000.00
Sale of Fixed Assets and Businesses1,008.00171.80145.702.921.844.742.232.401.86
Purchase or Sale of Investments-4.620.000.000.000.000.000.000.000.00
Purchase of Investments-13.670.000.000.000.000.000.000.000.00
Sale Or Maturity of Investments9.050.000.000.000.000.000.000.000.00
Other Uses-31.66-17.00-43.70-183.40-512.11-103.650.000.00-13.89
Other Sources3.3232.70211.6036.48272.9316.676.265.34106.76
Cash from Investing Activities748.44-64.6044.50-747.26-1,532.45-885.75-763.61-250.54-283.30
Cash Dividends Paid0.000.000.000.000.000.000.000.000.00
Change in Capital Stock0.000.000.00-10.040.00349.850.0012.370.00
Repurchase of Common Pref Stock0.000.000.00-10.040.000.000.000.000.00
Sale of Common Pref Stock0.000.000.000.000.00349.850.0012.370.00
Proceedsfrom Stock Options0.000.000.000.000.00349.850.0012.370.00
Issuance or Reduction of Debt, Net0.00-211.9048.50277.22736.86402.13132.32177.68-79.58
Change in Long Term Debt0.000.000.000.000.000.000.000.000.00
Issuance of Long Term Debt0.000.000.000.000.000.000.000.000.00
Reduction of Long Term Debt0.000.000.000.000.000.000.000.000.00
Net Financing Active Other Cash Flow-6.66-13.40-31.300.848.7536.82-34.12-86.5253.68
Other Financing Activities Uses-6.66-13.40-31.300.00-4.11-37.61-38.18-86.52-4.14
Cash from Financing Activities-205.67-335.10-104.00136.73632.80692.5539.8033.56-25.90
Exchange Rate Effect-7.975.50-77.40-189.16-190.67-65.43-61.99-2.46-7.68
Net Change in Cash1,199.97275.30284.20-220.26-402.41331.07-313.39265.35-12.75
Free Cash Flow439.28417.50156.003.47144.23192.28245.68231.80-65.30
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow6.446.106.23441.6714.1124.04---
Deferred Taxes & Investment Tax Credit-0.000.000.000.000.000.000.000.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments1,836.301,073.50940.50825.70647.60531.80
Short Term Receivables169.90190.70192.30170.90265.90295.70
Inventories84.2046.5041.1042.1040.8039.00
Other Current Assets10.501,043.801,515.701,464.30114.90118.00
Total Current Assets2,100.902,354.502,689.602,503.001,069.20984.50
Net Property, Plant & Equipment1,168.001,178.501,191.501,186.002,161.802,095.10
Total Investments and Advances40.4059.6042.0048.1064.2033.60
Intangible Assets555.80558.80550.80551.601,149.001,145.60
Deferred Tax Assets86.1077.6076.9065.1098.4088.90
Other Assets58.4026.5021.10133.8062.2061.00
Total Assets4,115.304,360.004,665.704,489.604,683.304,489.80
Short Term Debt Incl. Current Port. of LT Debt593.10389.90385.20356.40232.40194.90
Accounts Payable217.40178.80183.60148.40196.50201.90
Income Tax Payable135.7091.70107.9069.9063.5052.00
Other Current Liabilities188.60562.20664.40628.60174.70192.40
Total Current Liabilities1,134.801,222.601,341.101,203.30667.10641.20
Long Term Debt2,916.503,099.803,116.903,153.703,663.003,639.50
Provision for Risks Charges43.1045.5055.7059.7097.20102.50
Deferred Tax Liabilities42.2042.5042.7040.4097.6094.30
Other Liabilities149.00132.20133.00122.30120.30110.70
Total Liabilities4,285.604,542.604,689.404,579.404,645.204,588.20
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity-169.50-181.70-193.30-251.30-135.80-270.80
Total Shareholders Equity-169.50-181.70-193.30-251.30-135.80-270.80
Accumulated Minority Interest-0.80-0.90169.60161.50173.90172.40
Total Equity-170.30-182.60-23.70-89.8038.10-98.40
Total Liabilities & Stockholders Equity4,115.304,360.004,665.704,489.604,683.304,489.80
Book Value Per Share-0.50-0.54-0.57-0.75-0.40-0.81
Tangible Book Value Per Share-2.14-2.19-2.21-2.39-3.83-4.22
Full-Time Employees---2,762--
Price to Book Ratio-15.79-14.35-10.99-18.43-8.45-5.29
Return on Assets10.9613.6714.4314.1710.072.46
Return on Invested Capital-0.30-0.302.59-2.624.281.05
Quick Ratio1.781.891.972.051.541.47
Current Ratio1.851.932.012.081.601.54

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income91.9125.15117.20387.31196.7968.33
Depreciation56.9756.9857.1093.81114.8892.28
Other Funds (Non Cash)65.148.5545.70-349.89-69.48-36.05
Funds from Operations214.0290.69220.00131.23242.19124.57
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital9.07-24.72-14.3039.17-1.569.77
Cash from Operating Activities223.1065.97205.70170.40240.64134.34
Capital Expenditures-59.70-37.52-46.40-82.98-76.92-46.85
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses645.26177.375.90179.47-1.811.11
Purchase or Sale of Investments2.05-6.870.200.000.000.00
Purchase of Investments-5.21-7.66-0.800.000.00-
Sale Or Maturity of Investments7.250.791.000.000.000.00
Other Uses-30.650.000.00-1.01-0.87-14.08
Other Sources0.100.100.003.1221.190.65
Cash from Investing Activities557.06133.08-40.3098.60-58.41-59.18
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock0.000.000.000.000.000.00
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-9.24-24.71-16.70-25.37-29.90-141.09
Change in Long Term Debt0.000.000.000.000.000.00
Issuance of Long Term Debt0.000.000.000.000.000.00
Reduction of Long Term Debt0.000.000.000.000.000.00
Net Financing Active Other Cash Flow6.11-10.44-2.10-0.23-4.42-6.35
Other Financing Activities Uses6.11-10.44-2.10-0.23-4.42-6.35
Cash from Financing Activities-29.79-68.46-51.20-56.23-65.01-176.32
Exchange Rate Effect-1.46-4.77-1.00-0.733.465.02
Net Change in Cash748.91125.82113.20212.05120.68-96.14
Free Cash Flow163.6128.95159.3087.42163.7287.49
Price to Free Cash Flow6.446.345.675.744.134.44

Revenue breakdown

Nigeria2024: 998.50M 2025: 1.07B
Other countries2024: 528.70M 2025: 513.20M
Middle East and Northern Africa, segment2024: 44.90M
Nigeria, segment2024: 998.50M 2025: 1.07B
SSA segment2024: 483.80M 2025: 513.20M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.62%2.7M167.9M1.03M
2026-10-152.14%3.6M167.9M1.05M
2026-09-302.28%3.8M167.1M1.10M
2026-09-152.40%4.0M167.1M1.24M
2026-08-311.71%2.9M167.1M1.22M
2026-08-141.53%2.5M166.2M1.27M
2026-07-311.45%2.4M165.6M1.35M
2026-07-151.04%1.7M165.6M1.22M
2026-06-300.65%1.1M165.1M1.18M
2026-06-150.39%0.6M165.0M1.22M
2026-05-290.39%0.6M165.1M1.49M
2026-05-150.41%0.7M165.1M1.89M
2026-04-300.36%0.6M162.7M1.91M
2026-04-150.23%0.4M162.7M1.97M
2026-03-310.33%0.5M162.4M2.07M
2026-03-130.45%0.7M161.4M1.88M
2026-02-270.20%0.3M161.4M1.55M
2026-02-130.29%0.5M161.4M1.10M
2026-01-300.25%0.4M161.4M1.00M
2026-01-150.32%0.5M161.4M866.45K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call2.504.106.100.005.5470.000.000.981-0.0150.001
call5.001.653.600.002.6720.000.000.960-0.0130.001
call7.500.001.100.000.9200.000.000.783-0.0240.004
call10.000.000.050.040.7606.000.000.104-0.0100.003
call12.500.000.050.001.4350.000.000.063-0.0130.002
call15.000.000.050.001.9290.000.000.050-0.0140.001
put2.500.000.050.0021.4530.000.00-0.018-0.0660.001
put5.000.000.050.009.2400.000.00-0.134-0.1410.003
put7.500.002.150.001.1260.000.00-0.216-0.0250.004
put10.000.953.700.005.1650.000.00-0.896-0.0100.002
put12.502.206.200.006.2480.000.00-0.937-0.0130.002
put15.004.708.700.007.0280.000.00-0.950-0.0140.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-11-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-11-10SEC
2026-11-03SCHEDULE 13G/ASEC
2026-10-086-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-08SEC
2026-09-096-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-09SEC
2026-09-016-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-01SEC
2026-08-256-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-25SEC
2026-08-116-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-08-116-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-11SEC
2026-08-076-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-07SEC
2026-08-05SCHEDULE 13GSEC
2026-08-046-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-04SEC
2026-07-10SC 13E3/ASEC
2026-06-26SC 13E3/ASEC
2026-06-25CT ORDERSEC
2026-05-266-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-26SEC
2026-05-19SC 13E3Schedule filed to report going private transactionsSEC
2026-05-126-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-31SEC
2026-05-126-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-12SEC
2026-05-076-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-07SEC
2026-04-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-04-30SEC
2026-04-084Statement of changes in beneficial ownership of securities2026-04-06SEC
2026-04-084Statement of changes in beneficial ownership of securities2026-04-06SEC
2026-04-084Statement of changes in beneficial ownership of securities2026-04-06SEC
2026-04-084Statement of changes in beneficial ownership of securities2026-04-06SEC
2026-04-084Statement of changes in beneficial ownership of securities2026-04-06SEC
2026-04-084Statement of changes in beneficial ownership of securities2026-04-06SEC
2026-04-07144Filing for proposed sale of securities under Rule 144.SEC
2026-04-07144Filing for proposed sale of securities under Rule 144.SEC
2026-04-07144Filing for proposed sale of securities under Rule 144.SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-04001.66M3
2026-03001.17M3
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
Wendel SE18.61%
Korea Investment CORP6.46%
FIL Ltd4.95%
UBS Group AG2.02%
PSquared Asset Management AG1.29%
HSBC HOLDINGS PLC1.24%
Qube Research & Technologies Ltd1.22%
Quaker Capital Investments, LLC1.14%
ALLIANCEBERNSTEIN L.P.0.90%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP0.81%

Funds

Fund% owned
AQR Diversified Arbitrage Fund496.08%
Bond Fund5.20%
American Funds Emerging Markets Bond Fund3.05%
BlackRock Strategic Income Opportunities Portfolio2.10%
Emerging Markets Debt Fund1.72%
BlackRock Systematic Multi-Strategy Fund1.44%
Fidelity High Income Fund1.35%
American Funds Multi-Sector Income Fund1.34%
Fidelity SAI High Income Fund1.28%
Finisterre Emerging Markets Total Return Bond Fund1.25%

OakChart. IHS. Cached 15 minutes.