Airtel Africa has reported robust financial results for the half year ended 30 September 2025, with its mobile money service, Airtel Money, emerging as an engine of growth and customer acquisition. The division’s annualised transaction value surged past $193 billion as its customer base accelerated towards the 50 million mark.
The telecom and fintech group saw constant currency revenue growth of 24.5%, reaching $2,9 billion. This performance was significantly bolstered by Airtel Money, which delivered a 30.2% constant currency revenue increase. The service is now a core pillar of the company’s strategy, driving digital adoption and deepening financial inclusion across its 14 African markets.
A key highlight was the acceleration in Airtel Money’s customer growth to 20% year-on-year, bringing its total customer base to 49.8 million.
The annualised Total Processed Value (TPV) for the second quarter hit $193 billion, a 35.9% increase, reflecting both the expanding user base and higher engagement levels. This contributed to an 11% increase in constant currency Average Revenue Per User (ARPU) for the mobile money segment.
Sunil Taldar, chief executive officer of Airtel Africa, stated: “Airtel Money continues to gain momentum, with our customer base nearing 50 million and annualised total processed value approaching $200bn, up over 35% year-on-year.
“The acceleration in customer growth and continued growth in engagement on the platform reflects our success in driving digital adoption and innovation to enhance the ecosystem. The preparation for the IPO remains on course for a listing in the first half of 2026.”
The company’s overall customer base grew by 11.0% to 173.8 million, with data customers showing even stronger accelerated growth of 18.4% to 78.1 million. For the first time, data revenue has surpassed voice as the largest contributor to group revenue, driven by a 37.0% constant currency growth in data revenue and a 45.0% increase in data traffic.
This digital uptake is supported by rising smartphone penetration, which increased by 3.8% to 46.8%.
Taldar noted, “The increase in smartphone penetration to 46.8% reflects the substantial demand for data services across our markets but also highlights the scale of the opportunity to further develop the digital economy.”
The strong operational performance flowed through to the bottom line, with reported Profit After Tax soaring to $376 million, up from $79 million in the prior period. The company also reported a significant expansion in EBITDA margin, which reached 49.0% in the second quarter.
Bolstered by these results, Airtel Africa has increased its capital expenditure guidance for the full 2026 financial year to between $875 million and $900 million to accelerate network investments and capture future growth opportunities. The Board declared an interim dividend of 2.84 cents per share, a 9.2% increase.
