NYSE$IHS
IHS Holding · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
IHS Q1 2026: $415.4M continuing revenue, $77.0M profit as Nigeria and SSA grow
IHS Holding Limited reported Q1 2026 results with continuing revenue of $415.4 million, up 5.9% from $392.1 million, driven by growth in Nigeria (+5.0% to $285.0 million) and sub-Saharan Africa (+8.1% to $130.4 million). Operating income from continuing operations was $111.3 million versus $165.8 million a year ago, reflecting higher administrative expenses, while finance income rose sharply to $116.6 million. Income from continuing operations was $67.1 million versus $46.9 million, and discontinued Latin America operations contributed $9.9 million versus a $16.2 million loss prior year, lifting total profit to $77.0 million from $30.7 million. Adjusted EBITDA reached $268.7 million, up 6.4%. Basic EPS from continuing operations was $0.20 versus $0.14; total basic EPS was $0.23 versus $0.10. The tower infrastructure company continues to navigate currency volatility in Nigeria, pending strategic transactions with MTN Group and TIM, and portfolio simplification across markets.
- Continuing revenue rose 5.9% to $415.4M; Nigeria $285.0M (+5.0%) and SSA $130.4M (+8.1%).
- Total profit was $77.0M vs $30.7M; continuing operations earned $67.1M and Latam discontinued ops added $9.9M.
- Adjusted EBITDA increased 6.4% to $268.7M from $252.6M.
- Basic EPS from continuing operations was $0.20; total basic EPS $0.23 vs $0.10 prior year.
- Finance income of $116.6M partially offset $110.7M in finance costs; income tax expense was $50.1M.
Headline financials
Revenue & EPS history
IHS · Revenue · Quarterly
$415M
Revenue by segment
IHS · $467M total across 3 segments · Q1 2026
- Nigeria$285M—61.0%
- Sub-Saharan Africa (ex-Nigeria)$130M—27.9%
- Latin America (discontinued operations)$51.8M—11.1%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 12 quarterly earnings reports · overlaid with Q1 2026
+4.3%
Avg return
Earnings day
+6.0%
Avg return
5 days after
+4.5%
Avg return
30 days after
69%
9 / 13 earnings
Positive
+24.6%
Q4 2022
Best reaction
-14.1%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +1.4% | -0.1% | +0.5% | |
| Q3 2025 | +3.9% | -4.3% | +18.4% | |
| Q4 2024 | +13.3% | +34.3% | +26.3% | |
| Q2 2024 | +16.4% | +24.3% | +11.4% | |
| Q4 2023 | +13.1% | +21.1% | +40.6% | |
| Q3 2023 | -5.7% | -7.2% | -21.4% | |
| Q2 2023 | -12.0% | -15.1% | -38.8% | |
| Q1 2023 | -5.9% | -7.1% | +2.5% | |
| Q4 2022 | +24.6% | +23.4% | +32.1% | |
| Q3 2022 | +9.2% | +6.9% | -6.2% | |
| Q2 2022 | -14.1% | -13.8% | -21.1% | |
| Q1 2022 | +6.7% | +4.7% | -4.9% | |
| Q4 2021 | +5.1% | +11.4% | +18.7% | |
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