Helios Towers swings to annual profit as revenue climbs and costs cut

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 $44.2 million in 2024 from a loss of $112.2 million in 2023.

Revenue climbed 9.8% to $792.0 million from $721.0 million.

The company noted ‘insatiable demand for mobile connectivity’.

Adjusted earnings before interest, tax, depreciation and amortisation rose 14% to $421.0 million from $369.9 million in 2023. Operating profit surged 66% to £242.3 million from £146.1 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 $408.9 million from $450.4 million.

Further, it anticipates adjusted Ebitda to rise by at least 9.3% to between $460 million and $470 million in 2025.

The company expects capital expenditure of between $150 million and $180 million in 2025, between 11% lower and 6.8% higher than $168.5 million in 2024, and at least 11% lower than $203.0 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.

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