Airtel Africa net profit jumps 27% to $198 million as revenue growth accelerates

•Airtel Africa's net profit jumped 27% to $198 million in the fiscal first quarter, driven by higher operating profit and partially offset by derivative and foreign exchange losses.

•The company's revenue rose 21% year-on-year in constant currency to $1.85 billion, thanks to macroeconomic tailwinds and double-digit growth across all business segments.

•Airtel Africa's operating margin increased by 131 basis points to 50% in Q1FY27, helped by cost efficiency measures and margin resilience.

•The company's average revenue per user (ARPU) rose 1.9% sequentially to $2.7, driven by a 7.5% increase in data usage per customer to 10.6GB.

•Airtel Africa's mobile money business saw a 51.5% year-on-year increase in annualised total processing value to over $245 billion, supported by growth in its customer base and engagement.