What is Ihs Holding Limited's earnings per share (EPS)?

Ihs Holding Limited (IHS) reported diluted earnings per share of $1.77 for fiscal year 2025. This represents a 139.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Ihs Holding Limited Financials

IHS

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Ihs Holding Limited (IHS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

6/9

Ihs Holding Limited passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

7.38x

For every $1 of reported earnings, Ihs Holding Limited generates $7.38 in operating cash flow ($936.2M OCF vs $126.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.6B

YoY+3.6%

5Y CAGR+2.4%

Ihs Holding Limited generated $1.6B in revenue in fiscal year 2025. This represents an increase of 3.6% from the prior year.

EBITDA

N/A

Net Income

$126.8M

YoY+107.7%

Ihs Holding Limited reported $126.8M in net income in fiscal year 2025. This represents an increase of 107.7% from the prior year.

EPS (Diluted)

$1.77

YoY+139.8%

Ihs Holding Limited earned $1.77 per diluted share (EPS) in fiscal year 2025. This represents an increase of 139.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$718.7M

YoY+45.4%

5Y CAGR+5.9%

Ihs Holding Limited generated $718.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 45.4% from the prior year.

Cash & Debt

$825.7M

YoY+42.9%

5Y CAGR+7.1%

Ihs Holding Limited held $825.7M in cash against $311.7M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

336M

YoY+0.6%

Ihs Holding Limited had 336M shares outstanding in fiscal year 2025. This represents an increase of 0.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

8.0%

YoY+115.7pp

5Y CAGR+31.0pp

Ihs Holding Limited's net profit margin was 8.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 115.7 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$217.5M

YoY-7.5%

5Y CAGR+18.1%

Ihs Holding Limited invested $217.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 7.5% from the prior year.

IHS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.6B+3.6%	$1.5B-20.7%	$1.9B-1.8%	$2.0B+24.2%	$1.6B+12.6%	$1.4B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$41.2M+5.9%	$38.9M+2.9%	$37.8M-27.6%	$52.2M+59.1%	$32.8M+19.9%	$27.4M
Income Tax	$86.4M+24.7%	$69.3M-32.6%	$102.8M+237.0%	-$75.0M-517.2%	$18.0M-89.4%	$169.8M
Net Income	$126.8M+107.7%	-$1.6B+17.3%	-$2.0B-324.0%	-$469.0M-1695.4%	-$26.1M+91.9%	-$322.7M
EPS (Diluted)	$1.77+139.8%	$-4.45+22.6%	$-5.75	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$254.0M-44.2%	$455.1M+5.0%	$433.3M-1.4%	$439.6M+73.2%	$253.8M-39.6%	$420.3M-3.5%	$435.4M+4.2%	$417.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	-$9.1M-150.3%	$18.1M+9.0%	$16.6M+6.4%	$15.6M+227.9%	-$12.2M-171.8%	$17.0M-7.6%	$18.4M+17.2%	$15.7M
Income Tax	-$28.5M-169.5%	$41.0M+15.8%	$35.4M-8.1%	$38.5M+34.6%	$28.6M+346.9%	$6.4M-82.4%	$36.3M+1915.0%	-$2.0M
Net Income	-$83.6M-156.7%	$147.4M+356.3%	$32.3M+5.2%	$30.7M-87.4%	$243.1M+218.2%	-$205.7M-65.5%	-$124.3M+92.0%	-$1.6B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

IHS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$4.5B+5.7%	$4.2B-20.4%	$5.3B-15.6%	$6.3B+14.0%	$5.5B+24.6%	$4.4B
Current Assets	$2.5B+170.8%	$924.3M-5.0%	$972.6M-22.4%	$1.3B-12.4%	$1.4B+44.6%	$989.3M
Cash & Equivalents	$825.7M+42.9%	$578.0M+96.7%	$293.8M-42.8%	$514.1M-43.9%	$916.5M+56.6%	$585.4M
Inventory	$42.1M+37.6%	$30.6M-24.6%	$40.6M-45.3%	$74.2M+76.6%	$42.0M-14.6%	$49.2M
Accounts Receivable	$181.4M-42.1%	$313.4M-48.4%	$607.8M-8.4%	$663.5M+40.6%	$471.8M+44.2%	$327.2M
Goodwill	$262.7M-34.8%	$403.2M-34.9%	$619.3M-18.9%	$763.4M-2.1%	$779.9M+18.8%	$656.3M
Total Liabilities	$4.6B+0.4%	$4.6B-8.9%	$5.0B+0.9%	$5.0B+30.6%	$3.8B+17.8%	$3.2B
Current Liabilities	$1.2B+85.6%	$648.2M-45.4%	$1.2B-6.2%	$1.3B+52.5%	$830.6M+21.5%	$683.6M
Long-Term Debt	$311.7M-33.8%	$470.5M-7.9%	$510.8M-1.4%	$518.3M+59.2%	$325.5M+13.6%	$286.5M
Total Equity	-$89.8M+71.4%	-$314.4M-195.6%	$328.7M-75.5%	$1.3B-23.1%	$1.7B+42.4%	$1.2B
Retained Earnings	-$6.8B+2.1%	-$6.9B-31.2%	-$5.3B-59.6%	-$3.3B-16.0%	-$2.9B-0.9%	-$2.8B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$4.5B-4.1%	$4.7B+4.3%	$4.5B+1.7%	$4.4B+4.0%	$4.2B-7.1%	$4.6B+0.7%	$4.5B-1.4%	$4.6B
Current Assets	$2.5B+134.1%	$1.1B+8.6%	$984.5M+2.4%	$961.2M+4.0%	$924.3M+8.4%	$852.7M-3.4%	$882.3M+19.9%	$736.1M
Cash & Equivalents	$825.7M+27.5%	$647.6M+21.8%	$531.8M-15.5%	$629.0M+8.8%	$578.0M+45.4%	$397.5M-10.8%	$445.7M+33.8%	$333.2M
Inventory	$42.1M+3.2%	$40.8M+4.6%	$39.0M-12.0%	$44.3M+44.8%	$30.6M-4.0%	$31.9M-5.0%	$33.6M-15.9%	$39.9M
Accounts Receivable	$181.4M-33.5%	$272.7M-12.2%	$310.5M+8.8%	$285.4M-8.9%	$313.4M-25.6%	$421.2M+5.4%	$399.6M+13.6%	$351.7M
Goodwill	$262.7M-40.5%	$441.3M+2.5%	$430.7M+3.1%	$417.8M+3.6%	$403.2M-8.8%	$442.0M-0.1%	$442.5M-5.4%	$468.0M
Total Liabilities	$4.6B-1.4%	$4.6B+1.2%	$4.6B-0.3%	$4.6B+0.9%	$4.6B-5.7%	$4.8B+0.2%	$4.8B+1.3%	$4.8B
Current Liabilities	$1.2B+80.4%	$667.1M+4.0%	$641.2M-15.1%	$755.5M+16.6%	$648.2M-12.5%	$740.4M+4.6%	$707.9M-9.6%	$783.2M
Long-Term Debt	$311.7M-40.7%	$525.4M+4.6%	$502.3M+2.3%	$490.8M+4.3%	$470.5M-8.4%	$513.5M+4.2%	$492.7M0.0%	$492.5M
Total Equity	-$89.8M-335.7%	$38.1M+138.7%	-$98.4M+46.6%	-$184.4M+41.3%	-$314.4M-10.4%	-$284.7M+7.7%	-$308.3M-88.9%	-$163.2M
Retained Earnings	-$6.8B-1.1%	-$6.7B+2.2%	-$6.9B+0.2%	-$6.9B+0.7%	-$6.9B+3.2%	-$7.2B-2.9%	-$7.0B-1.8%	-$6.8B

IHS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$936.2M+28.4%	$729.4M-14.5%	$853.5M-5.9%	$907.3M+20.9%	$750.2M+18.1%	$635.3M
Capital Expenditures	$217.5M-7.5%	$235.2M-49.4%	$464.9M+22.8%	$378.5M+58.9%	$238.1M+151.2%	$94.8M
Free Cash Flow	$718.7M+45.4%	$494.2M+27.2%	$388.6M-26.5%	$528.8M+3.3%	$512.0M-5.3%	$540.5M
Investing Cash Flow	-$22.3M-135.3%	$63.2M+108.8%	-$722.2M+52.4%	-$1.5B-72.8%	-$877.9M-15.7%	-$758.5M
Financing Cash Flow	-$644.1M-49.4%	-$431.0M-165.6%	-$162.3M-140.8%	$398.2M-24.0%	$524.3M+509.1%	-$128.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$246.9M-1.8%	$251.3M+5.7%	$237.7M+18.7%	$200.3M-41.8%	$344.4M+97.4%	$174.5M+29.5%	$134.7M+77.7%	$75.8M
Capital Expenditures	$68.3M+10.0%	$62.1M+55.3%	$40.0M-15.1%	$47.1M-23.4%	$61.5M+17.8%	$52.2M-13.7%	$60.5M-0.8%	$61.0M
Free Cash Flow	$178.6M-5.6%	$189.2M-4.3%	$197.7M+29.0%	$153.2M-45.8%	$282.9M+131.3%	$122.3M+64.8%	$74.2M+401.4%	$14.8M
Investing Cash Flow	$107.5M+348.3%	-$43.3M+8.5%	-$47.3M-20.7%	-$39.2M-170.4%	$55.7M+225.2%	-$44.5M+23.8%	-$58.4M-152.9%	$110.5M
Financing Cash Flow	-$151.8M-63.2%	-$93.0M+68.1%	-$291.3M-169.5%	-$108.1M+46.1%	-$200.7M-12.3%	-$178.7M-663.7%	$31.7M+138.1%	-$83.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

IHS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	8.0%+115.7pp	-107.7%-4.4pp	-103.3%-79.4pp	-23.9%-22.3pp	-1.7%+21.4pp	-23.0%
Return on Equity	N/A	N/A	-604.9%-569.9pp	-35.0%-33.5pp	-1.5%+24.9pp	-26.4%
Return on Assets	2.8%+41.5pp	-38.7%-1.5pp	-37.3%-29.8pp	-7.4%-7.0pp	-0.5%+6.8pp	-7.3%
Current Ratio	2.08+0.7	1.43+0.6	0.82-0.2	0.99-0.7	1.72+0.3	1.45
Debt-to-Equity	-3.47-2.0	-1.50-3.1	1.55+1.2	0.39+0.2	0.19-0.0	0.23
FCF Margin	45.4%+13.1pp	32.4%+12.2pp	20.2%-6.8pp	27.0%-5.4pp	32.4%-6.1pp	38.5%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-32.9%-65.3pp	32.4%+24.9pp	7.4%+0.5pp	7.0%-88.8pp	95.8%+144.7pp	-48.9%-20.4pp	-28.5%+344.3pp	-372.8%
Return on Equity	N/A	386.9%	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-1.9%-5.0pp	3.1%+2.4pp	0.7%+0.0pp	0.7%-5.0pp	5.7%+10.2pp	-4.5%-1.8pp	-2.7%+31.1pp	-33.8%
Current Ratio	2.08+0.5	1.60+0.1	1.54+0.3	1.27-0.2	1.43+0.3	1.15-0.1	1.25+0.3	0.94
Debt-to-Equity	-3.47-17.3	13.79+18.9	-5.10-2.4	-2.66-1.2	-1.50+0.3	-1.80-0.2	-1.60+1.4	-3.02
FCF Margin	70.3%+28.7pp	41.6%-4.1pp	45.6%+10.8pp	34.8%-76.6pp	111.5%+82.4pp	29.1%+12.1pp	17.0%+13.5pp	3.5%

Note: Shareholder equity is negative (-$89.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What is Ihs Holding Limited's annual revenue?

Ihs Holding Limited (IHS) reported $1.6B in total revenue for fiscal year 2025. This represents a 3.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ihs Holding Limited's revenue growing?

Ihs Holding Limited (IHS) revenue grew by 3.6% year-over-year, from $1.5B to $1.6B in fiscal year 2025.

Is Ihs Holding Limited profitable?

Yes, Ihs Holding Limited (IHS) reported a net income of $126.8M in fiscal year 2025, with a net profit margin of 8.0%.

How much debt does Ihs Holding Limited have?

As of fiscal year 2025, Ihs Holding Limited (IHS) had $825.7M in cash and equivalents against $311.7M in long-term debt.

What is Ihs Holding Limited's net profit margin?

Ihs Holding Limited (IHS) had a net profit margin of 8.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Ihs Holding Limited's free cash flow?

Ihs Holding Limited (IHS) generated $718.7M in free cash flow during fiscal year 2025. This represents a 45.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Ihs Holding Limited's operating cash flow?

Ihs Holding Limited (IHS) generated $936.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Ihs Holding Limited's total assets?

Ihs Holding Limited (IHS) had $4.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Ihs Holding Limited's capital expenditures?

Ihs Holding Limited (IHS) invested $217.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Ihs Holding Limited have outstanding?

Ihs Holding Limited (IHS) had 336M shares outstanding as of fiscal year 2025.

What is Ihs Holding Limited's current ratio?

Ihs Holding Limited (IHS) had a current ratio of 2.08 as of fiscal year 2025, which is generally considered healthy.

What is Ihs Holding Limited's debt-to-equity ratio?

Ihs Holding Limited (IHS) had a debt-to-equity ratio of -3.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ihs Holding Limited's return on assets (ROA)?

Ihs Holding Limited (IHS) had a return on assets of 2.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Why is Ihs Holding Limited's debt-to-equity ratio negative or unusual?

Ihs Holding Limited (IHS) has negative shareholder equity of -$89.8M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Ihs Holding Limited's Piotroski F-Score?

Ihs Holding Limited (IHS) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ihs Holding Limited's earnings high quality?

Ihs Holding Limited (IHS) has an earnings quality ratio of 7.38x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.