30th Jul 2026 11:58
(Alliance News) - Helios Towers PLC on Thursday raised guidance and said it is "well positioned to deliver another record year", reflecting a strong tenancy pipeline.
The London-based telecommunications tower owner said pretax profit declined to USD39.9 million in the six months ended June 30 from USD77.3 million a year prior.
Revenue rose to USD466.3 million from USD418.3 million, but the bottom line was hurt by rising finance costs, which jumped to USD125.8 million from USD73.7 million.
Higher revenue was largely driven by tenancy growth which grew 13% on-year to 34,455 from 30,617. The tenancy ratio picked up to 2.26 times from 2.11.
Helios Towers said business is underpinned by record future contracted revenue of USD5.9 billion, of which 98% is from "large" multinational mobile network operators and around 70% from "investment grade customers", with an average remaining initial life of 6.5 years.
Helios Towers declared an inaugural dividend of 0.604p per share.
Chief Executive Tom Greenwood said he was"delighted" with the first-half performance.
"Looking ahead, we are well positioned to deliver another record year. Our tenancy pipeline remains strong, providing excellent visibility into the second half and underpinning our confidence to further upgrade our FY 2026 financial and operational guidance."
For 2026, Helios Towers now expects 3,500 to 4,000 tenancy additions, raised from 3,000 to 3,500 before.
In addition, the firm raised adjusted earnings before interest, tax, depreciation and amortisation guidance to between USD520 million to USD535 million from USD515 million to USD530 million previously.
Recurring free cash flow of USD220 million to USD235 million is now forecast, raised from USD215 million to USD230 million previously.
Adjusted Ebitda was USD257.0 million in the first half of the year, up 14% from USD225.5 million a year before. Recurring free cash flow was USD105.8 million, up 52% from USD69.5 million.
"The long-term opportunity for Helios Towers has never been more compelling," CEO Greenwood said.
"Rising smartphone adoption, rapid growth in data consumption, expanding digital services and AI-enabled applications continue to drive sustained investment in mobile networks across Africa and the Middle East, creating a multi-decade growth runway for our infrastructure."
Shares in Helios Towers were up 5.3% to 213.00p in London on Thursday.
By Jeremy Cutler, Alliance News reporter
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