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Lagos-based consultancy firm Cordros Research forecasts Airtel Africa’s group revenue to climb by 19.7 per cent to USD 5.93 billion, driven by a combination of higher tariffs in Nigeria, greater currency stability across the continent and continued strength in data and financial services offerings.
Airtel Africa is poised for a financial turnaround in 2026, following a year marked by currency headwinds and muted growth, a rebound that is expected to boost the telecoms giant’s top line.
Lagos-based consultancy firm Cordros Research forecasts Airtel Africa’s group revenue to climb by 19.7 per cent to US$5.93 billion, driven by a combination of higher tariffs in Nigeria, greater currency stability across the continent and continued strength in data and financial services offerings.
This rebound follows a volatile three-year stretch that has slowed down the firm’s earnings.
Airtel’s group revenue slid from USD 5.255 billion in 2023 to USD 4.979 billion in the financial year ended March 2024 and saw a modest drop in the same period in 2025 at USD 4.955 billion.
The company’s profit after tax swung from USD 750 million in 2023 to a USD 89 million loss in 2024 before rebounding to a US$328 million profit in the financial year ended March 2025.
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The rebound was fuelled by a substantial reduction in net foreign exchange losses to USD 179 million from USD 1.3 billion the previous year, following a strategic USD 702 million repayment of foreign currency liabilities.
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