InsiderClue
Stocks · Communication · Radiotelephone Communications

IHS Holding Ltd

IHS Clue Score48
Mauritius Fiscal year ends December CIK 0001876183
$8.43 -0.12% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $8.43 −50.41% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 14 Oct 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue1,231.1Operating income−157.1Net income−423.5EPS, diluted−1.44Fiscal year 2020Revenue1,403.1 +14.0%Operating income331.9Net income−322.0EPS, diluted−1.09Fiscal year 2021Revenue1,579.7 +12.6%Operating income388.4Net income−25.8EPS, diluted−0.09Fiscal year 2022Revenue1,961.3 +24.2%Operating income312.2Net income−459.0EPS, diluted−1.39Fiscal year 2023Revenue1,925.3 −1.8%Operating income524.4Net income−1,976.6EPS, diluted−5.93Fiscal year 2024Revenue1,527.2 −20.7%Operating income604.0Net income−1,632.0EPS, diluted−4.90Fiscal year 2025Revenue1,582.0 +3.6%Operating income821.4Net income143.6EPS, diluted0.42
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,231.1 1,403.1 1,579.7 1,961.3 1,925.3 1,527.2 1,582.0
Growth +14.0% +12.6% +24.2% −1.8% −20.7% +3.6%
Operating income −157.1 331.9 388.4 312.2 524.4 604.0 821.4
Net income −423.5 −322.0 −25.8 −459.0 −1,976.6 −1,632.0 143.6
Growth
EPS, diluted −1.44 −1.09 −0.09 −1.39 −5.93 −4.90 0.42
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2019Operating margin−12.8%Net margin−34.4%Fiscal year 2020Operating margin23.7%Net margin−22.9%Free cash flow margin38.5%Fiscal year 2021Operating margin24.6%Net margin−1.6%Free cash flow margin32.4%Fiscal year 2022Operating margin15.9%Net margin−23.4%Free cash flow margin27.0%Fiscal year 2023Operating margin27.2%Net margin−102.7%Free cash flow margin20.2%Fiscal year 2024Operating margin39.5%Net margin−106.9%Free cash flow margin32.4%Fiscal year 2025Operating margin51.9%Net margin9.1%Free cash flow margin45.4%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −12.8% 23.7% 24.6% 15.9% 27.2% 39.5% 51.9%
Net margin −34.4% −22.9% −1.6% −23.4% −102.7% −106.9% 9.1%
Free cash flow margin n/a 38.5% 32.4% 27.0% 20.2% 32.4% 45.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow641.9Fiscal year 2020Operating cash flow635.3Capital expenditure−94.8Free cash flow540.5Fiscal year 2021Operating cash flow750.2Capital expenditure−238.1Free cash flow512.0 −5.3%Fiscal year 2022Operating cash flow907.3Capital expenditure−378.5Free cash flow528.8 +3.3%Fiscal year 2023Operating cash flow853.5Capital expenditure−464.9Free cash flow388.6 −26.5%Buybacks−10.0Fiscal year 2024Operating cash flow729.4Capital expenditure−235.2Free cash flow494.2 +27.2%Fiscal year 2025Operating cash flow936.2Capital expenditure−217.5Free cash flow718.7 +45.4%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 641.9 635.3 750.2 907.3 853.5 729.4 936.2
Capital expenditure n/a −94.8 −238.1 −378.5 −464.9 −235.2 −217.5
Free cash flow n/a 540.5 512.0 528.8 388.6 494.2 718.7
Growth −5.3% +3.3% −26.5% +27.2% +45.4%
Buybacks n/a n/a n/a n/a −10.0 n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash898.8Shareholders’ equity1,430.3Fiscal year 2020Cash585.4Total debt2,017.1Net cash (debt)−1,431.7Shareholders’ equity1,210.0Debt to equity1.67Fiscal year 2021Cash916.5Total debt2,401.5Net cash (debt)−1,485.0Shareholders’ equity1,520.4Debt to equity1.58Fiscal year 2022Cash514.1Total debt2,906.3Net cash (debt)−2,392.2Shareholders’ equity1,133.0Debt to equity2.57Fiscal year 2023Cash293.8Total debt3,056.7Net cash (debt)−2,762.9Shareholders’ equity109.8Debt to equity27.83Fiscal year 2024Cash578.0Total debt3,219.2Net cash (debt)−2,641.2Shareholders’ equity−473.2Fiscal year 2025Cash825.7Total debt2,842.0Net cash (debt)−2,016.3Shareholders’ equity−251.3
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 898.8 585.4 916.5 514.1 293.8 578.0 825.7
Total debt n/a 2,017.1 2,401.5 2,906.3 3,056.7 3,219.2 2,842.0
Net cash (debt) n/a −1,431.7 −1,485.0 −2,392.2 −2,762.9 −2,641.2 −2,016.3
Shareholders’ equity 1,430.3 1,210.0 1,520.4 1,133.0 109.8 −473.2 −251.3
Debt to equity n/a 1.67 1.58 2.57 27.83 n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1,231.1 1,403.1 1,579.7 1,961.3 1,925.3 1,527.2 1,582.0
Growth +14.0% +12.6% +24.2% −1.8% −20.7% +3.6%
811.0 838.4 907.4 1,157.0 1,036.6 733.6 705.4
−157.1 331.9 388.4 312.2 524.4 604.0 821.4
Growth +17.0% −19.6% +67.9% +15.2% +36.0%
−410.0 −152.9 −8.1 −544.0 −1,814.1 −1,410.7 690.8
13.5 169.8 18.0 −75.0 102.8 69.3 86.4
−423.5 −322.0 −25.8 −459.0 −1,976.6 −1,632.0 143.6
Growth
Per share
−1.44 −1.09 −0.09 −1.39 −5.93 −4.90 0.43
−1.44 −1.09 −0.09 −1.39 −5.93 −4.90 0.42
Growth
293.6 294.1 301.2 331.0 333.2 333.1 335.0
316.5 317.3 321.5 331.0 333.2 333.1 n/a
Growth +0.3% +1.3% +2.9% +0.7% −0.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 2.4% a year over five years.
  • The diluted share count rose 5.2% in five years, which is dilution.
  • Operating margin is up 28.3 points on five years ago, at 51.9%.
  • A net loss in 6 of 7 years on file.