Airtel Africa Plc has formally commenced the second tranche of its second $100 million share buy-back programme, following the profitable completion of the primary tranche communicated on twenty third December 2024.
The announcement was made in a disclosure revealed on the Nigerian Alternate (NGX) on 14th Might 2025—the identical day the brand new tranche would start—signed by the Firm Secretary, Simon O’Hara.
As outlined within the disclosure, this tranche of the buyback is valued at $55 million and is anticipated to be accomplished on or earlier than nineteenth November 2025.
Reiterating the aim of the initiative, the corporate acknowledged:
“The only goal of the buy-back programme is to cut back the capital of the corporate. As such, all shares bought below the buy-back programme shall be cancelled.”
To hold out the buy-back, Airtel Africa has entered into an settlement with Barclays Capital Securities Restricted to execute on-market purchases of its peculiar shares.
Barclays will act as a riskless principal, making buying and selling choices independently of the corporate and executing all transactions according to pre-agreed phrases beforehand granted by shareholders of Airtel.
Along with decreasing share capital, the buyback is anticipated to strengthen Airtel Africa’s steadiness sheet by decreasing debt publicity and minimizing money obligations associated to capital upkeep.
Backstory
Following the completion of its preliminary $100 million share buy-back programme, which started in March 2024, Airtel Africa introduced the launch of a second section on twenty third December 2024.
Based on the corporate’s disclosure, the second section is structured in two tranches.
- The primary tranche, which commenced on the identical day because the announcement—twenty third December 2024—is anticipated to conclude on or earlier than twenty fourth April 2025. This tranche was capped at $50 million.
- The second tranche, which commenced on 14th Might 2025, is scheduled to finish the remaining portion of the $100 million programme.
Surge in profitability
Airtel Africa launched its monetary outcomes for the interval ended thirty first March 2025, reporting a pre-tax revenue of $661 million, a major turnaround from the pre-tax lack of $63 million recorded within the 2024 monetary yr.
Revenue after tax stood at $328 million, up from a lack of $89 million within the prior yr, which was closely impacted by by-product and overseas trade losses, significantly in Nigeria.
- Sturdy execution and tariff changes in Nigeria drove one other quarter of accelerating progress, with This fall 2025 income rising by 23.2% in fixed foreign money and 17.8% in reported foreign money, as foreign money headwinds eased.
Commenting on the outcomes, Sunil Taldar, Chief Government Officer, acknowledged:
“An bettering working surroundings and targeted execution contributed to sturdy momentum in our monetary outcomes, with fixed foreign money income progress peaking at 23.2% in This fall 2025.
A part of this acceleration within the final quarter was additionally pushed by the tariff adjustment in Nigeria.”
Be First to Comment