31st Jul 2025 14:33
(Alliance News) - Helios Towers PLC on Thursday announced a higher revenue amid a swing to a pretax profit, helped by an increase in tenancies.
The London-based telecom tower company said it swung to a pretax profit of USD77.2 million in the first half of 2025, from a loss of USD400,000 a year ago.
Revenue climbed 7.3% to USD418.3 million from USD389.9 million.
Cost of sales increased 12% to USD to USD210.9 million from USD188.9 million, while administrative costs were 9.2% higher at USD75.1 million compared to USD68.8 million.
Finance costs however came down 38% to USD73.7 million from USD119.7 million.
Further, Helios Towers reported other gains of USD15.8 million, swung from other losses of USD13.9 million.
Adjusted earnings before interest, tax, depreciation and amortisation climbed 9.4% to USD225.5 million from USD206.2 million.
Tenancies at June 30 stood at 30,617, up 7.1% from 28,574 a year prior.
Looking ahead, the company reaffirmed its 2025 guidance of adding between 2,000 and 2,500 tenancies, and an adjusted Ebitda of between USD460 million and USD470 million. This compares to 2,481 tenancy additions in 2024, and adjusted Ebitda of USD421.0 million, meaning Helios Towers targets an adjusted Ebitda growth of at least 9.3% for 2025.
Chief Executive Officer Tom Greenwood said: "We have achieved what we set out to, with our successful platform integration supporting free cash flow inflection and expansion, setting the business up for the next phase of our strategy.
"Our Capital Markets Day, scheduled for November 6, will outline that new five-year strategy, our ambitious targets and new capital allocation policy, all of which will position us to maximise value for all our stakeholders."
Helios Towers shares were up 0.8% at 119.60 pence each on Thursday afternoon in London, giving it a market capitalisation of GBP1.27 billion.
By Tom Budszus, Alliance News slot editor
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