Strong Q3 Earnings Propel Airtel Africa Shares Up 9%, Overcoming FX Hurdles

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Airtel Africa’s stock surged 9% after its third-quarter earnings report, which surpassed analyst expectations despite foreign exchange difficulties in significant markets such as Nigeria and Malawi.

Airtel Africa’s stock surged 9% after its third-quarter earnings report, which surpassed analyst expectations despite foreign exchange difficulties in significant markets such as Nigeria and Malawi. The company’s robust performance in the face of currency challenges, combined with solid organic revenue growth and strategic pricing changes, has bolstered investor confidence. Airtel Africa is well-positioned for continued growth by capitalising on opportunities in Africa’s telecom market while enhancing operational efficiency.

Airtel Africa’s business reported an over 11-fold on-year jump in net profit to USD 169 million in the fiscal’s third quarter, on the back of a USD 94 million exceptional gain triggered by appreciation in key African currencies and a sharp fall in net finance costs. Revenue rose 2% on-year to USD 1.26 billion, propelled by strong customer additions and data usage growth amid rising smartphones. In quarter 3 of 2025, profit after tax benefitted from an exceptional gain of USD 94 million (net of tax) following the naira and Tanzanian shilling appreciation.

Airtel’s Africa unit also launched a second share buyback programme, which will return up to USD 100 million to shareholders. Following the completion of the first USD 100 million buyback, in December 2024 the company announced the commencement of a second share-buyback programme that will return up to USD 100 million to shareholders. It added that the move reflects the Airtel Africa board’s confidence in the continued growth potential, the strength of the company’s balance sheet and consistent cash accretion at the holding company level.

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The recent signs of currency stabilisation in some markets and the decision from the Nigerian Communications Commission (NCC) regarding tariff adjustments in Nigeria are encouraging and signal a more stable and supportive operating environment. While challenges remain, these developments provide a firm foundation for growth and improved market conditions.