Helios Towers adjusted EBITDA grows in 'year of significant progress'

Helios Towers said FY adjusted underlying earnings were up 14% at $421.0m, driven by a 10% jump in revenues to $792.0m, predominantly due to tenancy growth, and a two basis point uptick in adjusted EBITDA margins to 53%.

The FTSE 250-listed group also said sites were up 2% at 14,325, while tenancies rose 9% year-on-year to 29,406, and its tenancy ratio improved from 1.91x to 2.05x in FY25.

Net debt fell 3% to $1.73bn and free cash flow shot up 9.8% to $18.7m. Operating profits surged 66% to $242.3m, helped along by a lower depreciation of $52.8m.

"FY24 profit after tax inflected positive for the first time in the company's history, improving from a loss before tax of $111.8m to $27.0m, driven by higher operating profit, $34.9m lower finance costs and a benefit from a one-off tax credit," added Helios.

As of 0845 GMT, Helios shares were up 0.61% at 98.20p.

Reporting by Iain Gilbert at Sharecast.com