13th Mar 2025 12:51
(Alliance News) - Helios Towers PLC on Thursday announced a profit amid "insatiable demand for mobile connectivity", as it expects to add further tenancies in 2025.
The London-headquartered telecom tower company said it swung to a pretax profit of USD44.2 million in 2024 from a loss of USD112.2 million in 2023.
Revenue climbed 9.8% to USD792.0 million from USD721.0 million.
The company noted "insatiable demand for mobile connectivity".
Adjusted earnings before interest, tax, depreciation and amortisation rose 14% to USD421.0 million from USD369.9 million in 2023. Operating profit surged 66% to GBP242.3 million from GBP146.1 million.
Tenancies rose 9.2% to 29,406 in 2024, up 2,481 from 26,925 in 2023.
For 2025, Helios Towers expects between 2,000 and 2,500 tenancy additions.
Cost of sales decreased 9.2% to USD408.9 million from USD450.4 million.
Further, it anticipates adjusted Ebitda to rise by at least 9.3% to between USD460 million and USD470 million in 2025.
The company expects capital expenditure of between USD150 million and USD180 million in 2025, between 11% lower and 6.8% higher than USD168.5 million in 2024, and at least 11% lower than USD203.0 million in 2023.
Chair Samuel Jonah said: "As we look ahead, I remain confident in the company's leadership and our teams' ability to execute on our 2026 sustainable business strategy, driving value for all our stakeholders. On behalf of the board, I thank all our stakeholders for their continued trust, and I look forward to another year of progress and success."
Helios Towers shares were 1.8% higher at 98.40 pence each Thursday afternoon in London.
By Tom Budszus, Alliance News slot editor
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