IHS Towers reported strong financial results for the third quarter of 2025, exceeding expectations and leading the company to raise its full-year guidance. The company announced revenue of 455.1 million, an increase of 8.3 year-over-year.
Profitability also saw significant improvement. Adjusted EBITDA rose 6.3 to 261.5 million. A standout performance was in cash generation, with Adjusted Levered Free Cash Flow surging 81.2 to 157.8 million, and cash from operations increasing 42.3 to 259.6 million. The company also returned to a profit of 147.4 million, a substantial improvement from the loss reported in the same period last year.
The strong results were driven by solid organic growth across its key markets and favorable foreign exchange movements, particularly the stabilization of the Nigerian Naira. Operationally, the company continued to expand, ending the quarter with 39,025 towers and 57,691 tenants.
