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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
IHS
IHS (IHS) investor relations material
IHS Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary10 Nov, 2026
Executive summary
3Q26 continuing revenue was $490.5m, up 21.4% YoY; Adjusted EBITDA reached $282.7m, up 8.1%, and ALFCF was $197.7m, up 25.3%.
The quarter recorded an $8.2m loss versus $147.4m income in Q3 2025; strong Nigeria performance was partly offset by disposal-related headwinds.
Financial highlights
Organic revenue growth was 13.4% and Constant Currency growth was 5.5%; favorable FX translation added $46.7m, including $40.7m from Naira appreciation.
Adjusted EBITDA growth absorbed a 15.0% inorganic headwind from the Rwanda, I-Systems and Latam disposals; power generation costs rose $38.6m YoY.
Cash from operations was $246.7m, down from $259.6m; total capex fell 11.8% YoY to $68.2m.
Operating income was $133.7m, down from $182.6m; basic loss per share was $0.02 versus earnings per share of $0.45 in Q3 2025.
Discontinued operations contributed $17.6m revenue and $16.0m Adjusted EBITDA, down 65.6% and 61.2% YoY, respectively.
Segment performance
Nigeria revenue rose 34.1% to $359.4m and segment Adjusted EBITDA increased 26.8% to $215.0m; margin was 59.8%.
Nigeria EBITDA growth reflected revenue from power pass-through and indexation, partly offset by higher power generation costs.
SSA revenue declined 3.5% to $131.1m, including a 10.5% inorganic headwind from Rwanda; segment Adjusted EBITDA fell 6.5% to $74.8m.
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Next IHS earnings date
Q4 20269 Mar, 2027
IHS
Next IHS earnings date
Q4 20269 Mar, 2027
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Frequently asked questions
IHS Holding Limited is a global provider of telecommunications infrastructure, specializing in the development, ownership, and operation of mobile towers and related facilities. The company offers colocation and lease services to mobile network operators, enabling them to expand coverage and improve connectivity. IHS Holding operates across multiple countries, focusing on emerging markets, and provides sustainable solutions to support network growth and digital inclusion. The company is headquartered in London, United Kingdom, and its shares are listed on the NYSE.