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Airtel Africa Plc

AAF.LCommunication ServicesLSE

Telecom Services · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$4.96B
-0.5% YoY
Net Income
$220.0M
+233.3% YoY
EBITDA
$2.13B
+83.4% YoY
Free Cash Flow
$1.17B

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About Airtel Africa Plc

Airtel Africa Plc, together with its subsidiaries, provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa. At a $12.21B market cap, Airtel Africa Plc ranks as a large-cap company within communication services. It offers pre and post-paid wireless voice, international roaming, and fixed line telephony services; data services, including 4G and 5G, home broadband, fibre, and data centers; and mobile money services, such as digital wallet payments systems, microloans, merchant, savings, insurance, international, and international money transfers.

Key stats
Market Cap$12.21B
P/E (TTM)23.90
Fwd P/E13.67
EPS$0.14
Beta0.48
52W Change+92.1%
Dividend Yield1.50%
ROE26.0%
Analysis

On the balance sheet, AAF.L has $855.0M in cash with $6.41B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Annual free cash flow of $1.17B supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 26.0% points to strong capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Return on assets of 10.2% further supports the picture of efficient asset utilization. Revenue has been relatively flat, moving from $4.71B (2022) to $4.96B (2025).

With a beta below 0.7, Airtel Africa Plc typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing AAF.L.

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