Airtel Africa Q1 2027 Results: Revenue Up 31%, 189m Customers

Airtel Africa reported total revenue of $1,853m for the quarter ended 30 June 2026, representing 31.0% growth in reported currency and 21.1% growth in constant currency terms. The company's total customer base reached 189 million, up 11.6% year-on-year, while data customers grew 15.5% to 87.3 million. Data usage per customer rose from 7.8 GB to 10.6 GB per month over the same period.

Nigerian revenues grew by 29.8% in constant currency, which the company attributed to the lapping effect of tariff adjustments implemented in Q4 2025. EBITDA came in at $928m, growing 36.6% in reported currency, with an EBITDA margin of 50.1%. Profit after tax was $198m, up from $156m in the prior period, though this was partially offset by an exceptional finance cost of $37m related to a commercial dispute settlement.

Capex rose sharply to $389m from $121m in the prior period, with over 920 new sites added during the quarter. The Airtel Money platform processed an annualised total payment value exceeding $245bn, up 51.5%, with 56.5 million customers. The Board approved a share buyback of up to 1% of issued share capital, with approximately 10.2 million shares purchased for $46.6m as of 30 June 2026. London was confirmed as the preferred listing venue for Airtel Money in 2026.