Naira Boost, improved revenue drives IHS Towers to profitability since 2021
- IHS Towers recorded a profit of $30.7 million in Q1 2025, ending a streak of losses since 2021.
- The company had a $1.5 billion loss in Q1 2024, showcasing a significant turnaround.
- The appreciation of the Nigerian naira and a $1.45 billion decrease in net finance costs fueled the shift to profitability.
The turnaround of IHS Towers is a promising sign for the telecom sector in Africa, particularly as it navigates currency volatility and macroeconomic challenges. The company's focus on profitability and strategic divestments could position it well for future growth, especially with the ongoing demand for 5G infrastructure.
