Ihs Holding Limited Financials
Ihs Holding Limited (IHS) reported $1.6B in revenue for fiscal year 2025, up 3.6% from the prior fiscal year. This page shows its 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).
Cash generation, not reported earnings, is the dominant mechanic as IHS uses internal cash to repair liquidity.
Between FY2023 and FY2025, operating cash flow rose from$853.5M to$936.2M while capital spending fell from$464.9M to$217.5M , pushing free cash flow up to$718.7M even though FY2025 revenue was still below FY2023. That combination helps explain how cash climbed to$825.7M and long-term debt fell to$311.7M despite the company still carrying negative equity.
The FY2025 profit of
Negative equity makes the reported debt-to-equity ratio of -3.5x more confusing than useful; the cleaner read is that liabilities of
Financial Health Signals
Ihs Holding Limited does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Ihs Holding Limited passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
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
Earnings & Revenue
Ihs Holding Limited generated $1.6B in revenue in fiscal year 2025. This represents an increase of 3.6% from the prior year.
Ihs Holding Limited reported $126.8M in net income in fiscal year 2025. This represents an increase of 107.7% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
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.
Ihs Holding Limited held $825.7M in cash against $311.7M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Ihs Holding Limited's net profit margin was 8.0% in fiscal year 2025, showing the share of revenue converted to profit. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
IHS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.6B+3.6% | $1.5B-20.7% | $1.9B-1.8% | $2.0B+24.2% | $1.6B+12.6% | $1.4B+14.0% | $1.2B |
| Interest Expense | $41.2M+5.9% | $38.9M+2.9% | $37.8M-27.6% | $52.2M+59.1% | $32.8M+19.9% | $27.4M+70.9% | $16.0M |
| Income Tax | $86.4M+24.7% | $69.3M-32.6% | $102.8M+237.0% | -$75.0M-517.2% | $18.0M-89.4% | $169.8M+1156.3% | $13.5M |
| Net Income | $126.8M+107.7% | -$1.6B+17.3% | -$2.0B-324.0% | -$469.0M-1695.4% | -$26.1M+91.9% | -$322.7M+23.8% | -$423.5M |
| EPS (Diluted) | $1.77 | -$4.45+22.6% | -$5.75 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income.
IHS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $4.5B+5.7% | $4.2B-20.4% | $5.3B-15.6% | $6.3B+14.0% | $5.5B+24.6% | $4.4B | N/A |
| Current Assets | $2.5B+170.8% | $924.3M-5.0% | $972.6M-22.4% | $1.3B-12.4% | $1.4B+44.6% | $989.3M | N/A |
| Cash & Equivalents | $825.7M+42.9% | $578.0M+96.7% | $293.8M-42.8% | $514.1M-43.9% | $916.5M+56.6% | $585.4M-34.9% | $898.8M |
| Inventory | $42.1M+37.6% | $30.6M-24.6% | $40.6M-45.3% | $74.2M+76.6% | $42.0M-14.6% | $49.2M | N/A |
| Accounts Receivable | $181.4M-42.1% | $313.4M-48.4% | $607.8M-8.4% | $663.5M+40.6% | $471.8M+44.2% | $327.2M | N/A |
| Goodwill | $262.7M-34.8% | $403.2M-34.9% | $619.3M-18.9% | $763.4M-2.1% | $779.9M+18.8% | $656.3M+26.7% | $518.1M |
| Total Liabilities | $4.6B+0.4% | $4.6B-8.9% | $5.0B+0.9% | $5.0B+30.6% | $3.8B+17.8% | $3.2B | N/A |
| Current Liabilities | $1.2B+85.6% | $648.2M-45.4% | $1.2B-6.2% | $1.3B+52.5% | $830.6M+21.5% | $683.6M | N/A |
| 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-86.1% | $2.1B |
| Total Equity | -$89.8M+71.4% | -$314.4M-195.6% | $328.7M-75.5% | $1.3B-23.1% | $1.7B+42.4% | $1.2B-14.4% | $1.4B |
| Retained Earnings | -$6.8B+2.1% | -$6.9B-31.2% | -$5.3B-59.6% | -$3.3B-16.0% | -$2.9B-0.9% | -$2.8B | N/A |
IHS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| 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-1.0% | $641.9M |
| Capital Expenditures | $217.5M-7.5% | $235.2M-49.4% | $464.9M+22.8% | $378.5M+58.9% | $238.1M+151.2% | $94.8M | N/A |
| 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 | N/A |
| 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-221.7% | -$235.8M |
| 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+7.4% | -$138.3M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
IHS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Net Margin | 8.0% | -107.7% | -103.3% | -23.9%-22.3pp | -1.7%+21.4pp | -23.0%+11.4pp | -34.4% |
| Return on Equity | N/A | N/A | -604.9%-569.9pp | -35.0%-33.5pp | -1.5%+24.9pp | -26.4%+3.2pp | -29.6% |
| 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% | N/A |
| Current Ratio | 2.08+0.7x | 1.43+0.6x | 0.82-0.2x | 0.99-0.7x | 1.72+0.3x | 1.45 | N/A |
| Debt-to-Equity | N/A | N/A | 1.55+1.2x | 0.39+0.2x | 0.190.0x | 0.23-1.2x | 1.44 |
| FCF Margin | 45.4%+13.1pp | 32.4%+12.2pp | 20.2%-6.8pp | 27.0%-5.4pp | 32.4%-6.1pp | 38.5% | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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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Where Ihs Holding Limited Ranks
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.
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 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 not reported?
Ihs Holding Limited (IHS) has negative shareholder equity of -$89.8M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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.