Airtel Money revenue reached $830 million in the six months ended September 2026, up 25.1% year on year in constant currency, the African mobile-money company announced on October 26. Its first results since listing in London also showed higher profit and customer numbers, alongside an interim dividend and unchanged full-year guidance.
Key Takeaways
- Profit after tax increased to $228 million from $188 million a year earlier.
- Customers rose 18.7% to 56.7 million, with transaction value per customer also increasing.
- Shares closed at 179 pence on October 23, below the October 9 offer price of 196 pence.
Table of Contents
- Airtel Money revenue grows alongside its customer base
- Higher usage deepens the payments business
- Dividend announced as shares remain below offer price
- Conclusion
Airtel Money revenue grows alongside its customer base
The company attributed the increase in profit primarily to strong first-half revenue growth. Profit after tax rose by $40 million, or approximately 21.3%, compared with the same period a year earlier.
The 25.1% revenue growth rate is measured in constant currency, separating operating growth from exchange-rate movements. It should not be read as a reported-dollar growth rate.
Customer expansion was accompanied by higher revenue per user and greater monthly transaction value per customer. That combination indicates growth came from both a larger user base and increased activity among customers.
| Item | Details |
|---|---|
| Average revenue per user | Up 5.1% year on year in constant currency. |
| Monthly transaction value per customer | $397, up 14.9% year on year. |
| Interim dividend | 6.4 cents per share; payment announced. |
Higher usage deepens the payments business
Airtel Africa’s annual report for the year ended March 2026 describes its mobile money services and payments as spanning deposits, withdrawals, person-to-person transfers, utility bills and merchant payments. This provides background on the business rather than verification of the September half-year results.
Mobile-money penetration of Airtel Africa’s telecommunications customer base reached 42.9%, up 3.2 percentage points from a year earlier. The increase shows the service reaching a larger share of that existing customer base.
Dividend announced as shares remain below offer price
Airtel Money said it would pay an interim dividend of 6.4 cents per share and reiterated its full-year guidance.
Chief Executive Ian Basil Ferrao described the oversubscribed London listing as “a landmark achievement for Airtel Money and a vote of confidence in our business model and strategy.”
The company made its market debut on October 9, 2026. Its October 23 closing share price of 179 pence was 17 pence below the 196-pence offer price. That closing price predates the October 26 results announcement and therefore does not represent a market reaction to the figures.
Conclusion
Airtel Money’s first post-listing results showed growth in customers, usage and profit. The announced interim dividend and performance against the unchanged full-year guidance are the next points for shareholders to watch.
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