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Helios Towers PLC on Thursday said ‘record’ tenancy growth underpinned growth in sales and earnings in 2025. The London-based telecom tower owner said pretax profit multiplied to $136.0 million in 2025 from $44.2 million in 2024, as revenue rose 7.8% to $854.1 million from $792.0 million. Operating profit increased to $286.0 million from $242.3 million. Adjusted earnings before interest, tax, depreciation and amortisation increased 12% to $471.1 million from $421.0 million. Diluted earnings per share improved to 3.3 cents from 2.8 cents. Revenue and earnings increases were driven by ‘record’ tenancy growth, as all major mobile network operators continue to expand coverage, Helios Towers said. Overall tenancies grew 8.6% to 31,944 in 2025 from 29,406 in 2024. Helios Towers said the business is ‘underpinned’ by future contracted revenues of $5.3 billion, up from $5.1 billion a year ago, of which 70% is from investment grade customers, with an average remaining initial life of 6.6 years. Recurring free cash flow increased by 40% to $207.5 million, driven by adjusted Ebitda growth and favourable working capital movements. For 2026, Helios Towers forecast adjusted Ebitda of $510 million to $525 million and recurring FCF of $210 million to $225 million. Capital allocation targets for the year ahead include a share buyback of $51 million and dividends of $25 million. Shares in Helios Towers fell 6.5% to 173.40 pence each in London on Thursday morning. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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