IHS Holding Ltd revenue by segment IHS

Annual Quarterly

IHS Holding Ltd splits its revenue 2 ways in its filings. By operating segments, the largest line in fiscal 2025, which ended Dec 31, 2025 was Nigeria at $1.1 billion, 68% of the total. By sales mix, the largest line in fiscal 2025, which ended Dec 31, 2025 was Nigeria at $1.1 billion, 68% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
Revenue
1,582
1,527
1,925
1,961
1,580
Operating segments
Nigeria
1,069
+7.0%
share 67.6%
998
-27.7%
share 65.4%
1,382
share 71.8%
—
—
Ssa
513
+6.1%
share 32.4%
484
-3.8%
share 31.7%
503
share 26.1%
—
—
Sales mix
Nigeria
1,069
+7.0%
share 67.6%
998
-27.7%
share 65.4%
1,382
share 71.8%
—
—
Ssa
513
+6.1%
share 32.4%
484
-3.8%
share 31.7%
503
share 26.1%
—
—
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. More on our methodology.

Company profile

Industry
Radiotelephone Communications (SIC 4812)
Listed as
IHS (NYSE)
Fiscal year ends
December 31
Incorporated in
Mauritius
Headquarters
London
SEC filer status
Large accelerated filer
SEC CIK
1876183

Other Radiotelephone Communications companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.