AARTY - Airtel Africa Plc (AAFRF) Q3 2025 Earnings Call Transcript
2025-01-30 12:43:11 ET
Airtel Africa Plc (AAFRF)
Q3 2025 Earnings Conference Call
January 30, 2025 8:00 AM ET
Company Participants
Sunil Taldar – Chief Executive Officer
Jaideep Paul – Chief Financial Officer
Conference Call Participants
Rohit Modi – Citibank
John Karidis – Deutsche Bank
Taj Ibrahim – Chapel Hill Denham
Jonathan Kennedy-Good – Prescient Securities
Linet Muriungi – Absa Bank
Tracy Kivunyu – SBG Securities
Madhvendra Singh – HSBC
Myuran Rajaratnam – MIBFA
Ali Hussain – FIM Partners
Rohit Modi – Citibank
Presentation
Operator
Good afternoon, ladies and gentlemen, and welcome to the Airtel Africa Nine Month 2025 Results Update. All participants will be in listen-only mode. There will be an opportunity to ask questions later during the conference. [Operator Instructions] Please note that this call is being recorded.
I would now like to turn the conference over to Sunil Taldar. Please go ahead, sir.
Sunil Taldar
Thank you. Good evening. Good morning to everyone and welcome. Thank you for joining us on today's call. I'm joined on the line by our CFO, Jaideep Paul; and Kamal Dua, our Deputy CFO, who as you will have seen from our previous announcements, will be taking over from Jaideep as CFO later this year. Alastair Jones, our Head of Investor Relations, also joins us on the call. We will shortly be answering your questions, but first I would like to provide you with a brief overview of our performance over the last nine months and in particular over the last quarter.
Over the last few years there has been continued volatility in the macro environment, but more recently we've seen some signs of stabilization, which is encouraging. However, throughout the volatility, demand for our services has been sustained, which really reflects the strong underlying demand across our markets. The ability to provide these critical services despite the tough macroeconomic environment is testament to our focused strategy and resilient business model.
The strategy we have adopted has continued to serve increased digital and financial inclusion, smartphone penetration has increased over 5 percentage points over the year, and the 18% growth in our mobile money customer base to over 44 million reflects our focus on providing a wide range of financial services to individuals and businesses that have been previously excluded from the financial ecosystem. These initiatives have translated into strong constant currency results with an acceleration in revenue growth over the last few quarters. Revenues in the quarter reached $1.27 billion, which was a 21.3% growth in constant currency, accelerating from 20.8% growth in quarter two and 19% in quarter one. Given the foreign exchange headwinds experienced over the last year, reported currency revenues grew 2.5% in quarter three....
Airtel Africa Plc (AAFRF) Q3 2025 Earnings Call Transcript