Airtel Money, the cellular cash enterprise working throughout 13 African markets, reported revenue of $830 million for the six months ended September 30, 2026, representing a 25.1% enhance year-on-year in fixed foreign money in its first monetary results since itemizing in London earlier this month.
Profit after tax rose by 21.6% to $228 million from $188 million in the corresponding interval a yr earlier, whereas revenue elevated by 34% in reported foreign money, in accordance to the corporate’s results launched on Monday, October 26, 2026.
The firm’s buyer base grew by 18.7% to 56.7 million, whereas its board declared an interim dividend of 6.4 US cents per share and reaffirmed its full-year steering.
Payments and monetary providers drive revenue development
Airtel Money’s revenue development was supported by enlargement throughout its pockets providers, funds and transfers, and monetary providers companies.
- Financial providers revenue grew by 44.8% in fixed foreign money through the half-year interval, whereas funds and transfers revenue elevated by 29.4%. Wallet providers revenue rose by 27.6%.
- The figures present rising contributions from funds and different monetary merchandise as Airtel Money expands past fundamental cellular pockets providers.
- Underlying earnings earlier than curiosity, taxes, depreciation and amortisation (EBITDA) elevated by 16.1% in fixed foreign money to $398 million. However, the underlying EBITDA margin fell to 48%, from 50.8% a yr earlier.
- The firm attributed the margin stress primarily to modifications in intra-group agreements that took impact in July 2025. These modifications affected the margin by 270 foundation factors, whereas a further levy in the Democratic Republic of Congo contributed an additional 60 foundation factors of stress.
Airtel Money stated the affect of the revised agreements was extra concentrated in the primary half and expects the margin to strengthen in the second half of the monetary yr.
Customer base grows to 56.7 million
Airtel Money’s buyer base expanded by 18.7% year-on-year to 56.7 million, lifting cellular cash penetration amongst Airtel Africa’s telecommunications prospects to 42.9%, up 3.2 proportion factors from the earlier yr.
- Its app buyer base grew by 64.3% to 4.1 million, whereas the variety of brokers elevated by 26.3% to 2.4 million. The variety of retailers on the platform rose by 85.5% to greater than 587,000.
- Total processed transaction worth reached $128 billion through the six-month interval, up 36.8% in fixed foreign money. In the second quarter, processed transaction worth reached $67 billion, equal to an annualised price of $270 billion, representing 36.4% development in fixed foreign money.
- Transaction worth per buyer rose by 14.9% in fixed foreign money to $397 per 30 days, whereas common revenue per person elevated by 5.1% in fixed foreign money.
The firm stated its technique contains increasing digital adoption, rising its distribution community and creating further providers equivalent to service provider funds, lending, insurance coverage, financial savings and wealth administration.
Airtel Money declares interim dividend
Airtel Money’s board declared an interim dividend of 6.4 US cents per share, equal to 81% of revenue attributable to the corporate’s house owners. The dividend is per its coverage of concentrating on a minimal payout of 80% of attributable revenue.
The firm additionally reaffirmed its full-year revenue development steering of the mid-20% vary in fixed foreign money for the 2027 monetary yr.
It expects underlying EBITDA margins to reasonable by up to about two proportion factors relative to the 2026 monetary yr earlier than returning to above 50% over the medium time period.
Airtel Money’s development
Airtel Money’s maiden results as a listed firm come amid the enlargement of its cellular monetary providers enterprise and wider development in cellular cash adoption.
In September 2026, Nairametrics reported that Airtel Money had announced plans for its London Stock Exchange listing, highlighting the enterprise’s development prospects and its potential to attain extra prospects by way of Airtel Africa’s telecommunications community.
In May 2026, Nairametrics reported that Airtel Africa’s mobile money business generated $1.08 billion in revenue in the financial year ended March 2026, up from $770 million a yr earlier, illustrating its rising contribution to the group’s earnings.
