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IHS (IHS) investor relations material
IHS Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved solid full-year revenue growth of 3.6% from continuing operations, with organic revenue up 10.1% year-over-year, driven by colocation, lease amendments, and new sites.
Adjusted EBITDA rose 9.0% year-over-year to $1,012.3 million, and Adjusted Levered Free Cash Flow (ALFCF) increased 47.3% to $448.1 million.
Net income for the year was $126.8 million, a significant turnaround from a loss of $1,644.2 million in 2024, primarily due to lower net financing costs and higher revenue.
Announced the proposed sale of the company to MTN Group Limited at an enterprise value of $6.2 billion, and divestitures of Latin American and I-Systems operations.
Financial highlights
Full-year revenue from continuing operations: $1,582.0 million (+3.6% year-over-year); discontinued Latam segment revenue: $193.5 million (+5.2%).
Adjusted EBITDA: $1,012.3 million (+9.0% year-over-year); ALFCF: $448.1 million (+47.3%).
Cash from operations: $983.0 million (+26.7% year-over-year).
Total Capex: $246.4 million (down 3.7% year-over-year).
Consolidated net leverage ratio reduced to 3.1x from 3.7x, within target range.
Outlook and guidance
No full-year 2026 financial guidance provided due to the pending sale to MTN Group Limited.
- Q2 revenue fell on FX headwinds, but margins and long-term contracts improved; capex cut.IHS
Q2 20241 Feb 2026 - Long-term contracts, risk hedges, and Brazil-focused growth drive profitability and efficiency.IHS
Global Communications Infrastructure Conference20 Jan 2026 - Adjusted EBITDA rose 3.3% to $246M with a 58.5% margin, despite a 10% revenue decline.IHS
Q3 202414 Jan 2026 - FY24 outperformed guidance, with robust growth, margin gains, and lower leverage.IHS
Q4 20246 Jan 2026 - Q3 2025 saw strong growth, raised guidance, and continued deleveraging in key markets.IHS
Q3 202516 Dec 2025 - Raised 2025 guidance after strong Q2 growth, margin stability, and lower leverage.IHS
Q2 202523 Nov 2025 - Q1 2025 delivered strong growth, margin expansion, and strategic asset sales.IHS
Q1 202519 Nov 2025 - MTN tower agreements renewed across Africa, securing $12.3B in long-term contracted revenue.IHS
Investor Presentation6 Oct 2025 - Strong organic growth, robust margins, and market leadership in emerging markets.IHS
Corporate Presentation6 Oct 2025
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