Helios Towers backs outlook as tenancies increase in first quarter

Helios Towers PLC on Thursday reaffirmed its outlook for the year despite macroeconomic uncertainty, as it posted higher revenue for the first quarter.

The London-based telecom tower company said operating profit increased 14% to $76.6 million in the three months to the end of March from $67.3 million a year ago.

Adjusted earnings before interest, tax, depreciation and amortisation climbed 8.7% to $111.1 million from $102.2 million, with an improved margin of 55% compared to 53%.

Revenue rose 4.7% to $203.8 million from $194.6 million. The company said revenue growth was driven by increased tenancies, partially offset by lower power prices.

Helios Towers said its number of sites increased 1.8% to 14,417 from 14,166, while the number of tenancies grew 8.6% to 30,074 from 27,686.

‘We are pleased to have continued the momentum from 2024, a year of significant progress across multiple value streams, into 2025,’ said Chief Executive Officer Tom Greenwood.

Looking ahead, Helios Towers reaffirmed its guidance for the full year. It expects to make between 2,000 and 2,500 tenancy additions, with adjusted Ebitda between $460 million and $470 million, up from $421.0 million in 2024.

CEO Greenwood said: ‘Despite the broader macroeconomic uncertainties, we remain confident in our outlook due to the resilience of our performance and predictability of our robust business model. We reaffirm our full-year guidance as we continue to focus on capital efficient organic growth, deleveraging and free cash flow generation.’

Shares in Helios Towers were up 1.6% to 114.60 pence in London on Thursday afternoon.

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