IHS Holding Ltd (IHS)
IHS Holding Ltd reported revenue of $1.6B in fiscal 2025, up 3.6% from a year earlier. Net income was $143.6M, a net margin of 9.1%. Operating cash flow minus capital spending left $718.7M of free cash flow in fiscal 2025. At December 31, 2025 it held $825.7M in cash against $3.1B of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on March 16, 2026.
Key facts about IHS Holding Ltd
- Net worth
- IHS Holding Ltd has a market value (market cap) of $2.8B at the latest share price, and shareholders' equity of -$251.3M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.6B (+3.6% year on year), with net income of $143.6M.
- Cash flow
- In fiscal 2025 operations brought in $936.2M of cash; after $217.5M of capital spending, free cash flow was $718.7M.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on March 16, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What IHS Holding Ltd does
IHS Holding Ltd is registered with the SEC under industry code SIC 4812 (Radiotelephone Communications). Its shares trade on NYSE under the ticker IHS.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.6B | $143.6M | $0.42 | $718.7M |
| 2024 | $1.5B | -$1.6B | -$4.90 | $494.2M |
| 2023 | $1.9B | -$2B | -$5.93 | $388.6M |
| 2022 | $2B | -$459M | -$1.39 | $528.8M |
| 2021 | $1.6B | -$25.8M | -$0.09 | $512M |
| 2021 | $1.4B | -$322M | -$1.09 | $540.5M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where IHS ranks in Telecommunications
Latest SEC filings
What IHS Holding Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 8, 2026
- September 9, 2026
- September 1, 2026
- August 25, 2026
- August 11, 2026
- August 11, 2026
- August 7, 2026
- August 4, 2026
- July 10, 2026Form SC 13E3/A filing SC 13E3/A
- June 26, 2026Form SC 13E3/A filing SC 13E3/A
Insider trades
What the people running IHS Holding Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| April 7, 2026 | Darwish SamChairman and CEO, Director | Soldpre-planned (10b5-1) | 11,383 | $93.8K |
| April 7, 2026 | Darwish SamChairman and CEO, Director | Soldpre-planned (10b5-1) | 112,892 | $930.1K |
| April 7, 2026 | Darwish MohamadEVP, IHS Nigeria CEO | Soldpre-planned (10b5-1) | 2,560 | $21.1K |
| April 7, 2026 | Darwish MohamadEVP, IHS Nigeria CEO | Soldpre-planned (10b5-1) | 25,412 | $209.4K |
| April 7, 2026 | Howden Stephen JEVP, Chief Financial Officer | Soldpre-planned (10b5-1) | 4,505 | $37.2K |
| April 7, 2026 | Howden Stephen JEVP, Chief Financial Officer | Soldpre-planned (10b5-1) | 44,707 | $368.7K |
| April 6, 2026 | Darwish SamChairman and CEO, Director | Exercised options | 41,557 | - |
| April 6, 2026 | Darwish SamChairman and CEO, Director | Received as pay | 412,544 | - |
Who owns IHS
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| International Finance Corporation13G, passive | 5.7% | February 17, 2026 |
Largest institutional holders
Insiders
6 insiders reported holding 3,075,504 shares in total, about $26M at the last price.
| Holder | Shares |
|---|---|
| Tharoo MustafaEVP, Group General Counsel | 778,874 |
| Darwish SamChairman and CEO, Director | 735,667 |
| Saad WilliamSee Remarks | 422,004 |
| Oyinlola AyotadeSee Remarks | 398,279 |
| Darwish MohamadEVP, IHS Nigeria CEO | 375,483 |
| Howden Stephen JEVP, Chief Financial Officer | 365,197 |
Questions about IHS
What does IHS Holding Ltd do?
IHS Holding Ltd is a company in the Telecommunications sector, listed on NYSE as IHS. Its shares trade on NYSE under the ticker IHS.
What is IHS Holding Ltd's net worth?
IHS Holding Ltd has a market value (market cap) of $2.8B at the latest share price, and shareholders' equity of -$251.3M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is IHS Holding Ltd profitable?
Yes. In fiscal 2025 it reported net income of $143.6M on revenue of $1.6B, a net margin of 9.1%.
How much revenue does IHS Holding Ltd make?
In fiscal 2025 IHS Holding Ltd reported revenue of $1.6B. That is 3.6% more than a year earlier.
When did IHS Holding Ltd last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on March 16, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from October 8, 2026.
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Where the numbers come from
Financial figures are the values IHS Holding Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.