Finance

IHS Holding Soars: How Colocation, Fiber, and Lease Amendments Drove a Stunning Q3 Turnaround

IHS Holding’s Q3 revenue exceeded expectations, returning to profitability and boosting its share price by nearly 2%.

November 12, 2025, 8:48 PM

Hand holding a phone displaying the IHS Holding stock chart and closing price of 9.75.

A close-up of a mobile screen showing the IHS Holding stock price, chart, and trading volume. By T. Schneider / Shutterstock.com.

Executive Summary

IHS Holding reported robust third-quarter 2025 financial results, with revenue exceeding $455 million (up 8% year-over-year) and a significant return to profitability with a net income of over $147 million, both surpassing analyst expectations.

The company raised its full-year 2025 guidance, projecting annual revenue between $1.72 billion and $1.75 billion and non-GAAP EBITDA between $995 million and nearly $1.02 billion.

IHS Holding’s shares rose by almost 2% following the announcement, outperforming the broader S&P 500 which saw a modest 0.1% increase.

The Story So Far

IHS Holding’s robust third-quarter 2025 financial performance, which exceeded analyst expectations and resulted in a return to profitability, was primarily driven by increased revenue from its colocation services, significant fiber build-outs, and strategic lease amendments across its key operational markets in Sub-Saharan Africa, the Middle East, and Latin America.

Why This Matters

IHS Holding’s strong third-quarter financial performance, exceeding analyst expectations and reversing previous losses, signals robust operational health and increasing demand for telecom infrastructure services across its global markets. This success has prompted the company to raise its full-year guidance, indicating management’s confidence in sustained growth and potentially boosting investor confidence in the telecom infrastructure sector.

Who Thinks What?

IHS Holding’s management attributed its strong third-quarter performance to increased revenue from colocation services, fiber build-outs, and lease amendments, expressing confidence by raising its full-year 2025 guidance for revenue and non-GAAP EBITDA.

Analysts’ expectations were significantly surpassed by IHS Holding’s third-quarter financial results, as the company reported higher revenue and net income than projected.

Investors reacted positively to the news, pushing IHS Holding’s shares up by almost 2% during Wednesday’s trading session, outperforming the broader market.

IHS Holding, a global telecom infrastructure specialist, reported robust third-quarter 2025 financial results on Wednesday, November 12, 2025, exceeding analyst expectations and leading to a nearly 2% rise in its share price. The company announced an 8% increase in revenue and a significant return to profitability, reversing a loss from the prior year.

Financial Performance Highlights

For the third quarter, IHS Holding’s revenue surpassed $455 million, marking an over 8% year-over-year increase. This figure comfortably beat average analyst estimates, which had projected revenue below $425 million.

The company also achieved a notable turnaround in its bottom line, reporting a net income of more than $147 million, or $0.44 per share. This contrasts sharply with a loss of nearly $206 million in the third quarter of 2024, significantly outperforming analyst expectations of $0.11 per share net income.

IHS attributed its strong performance to increased revenue generated from colocation services, fiber build-outs, and lease amendments. The company operates across key global markets, including Sub-Saharan Africa, the Middle East, and Latin America.

Revised Outlook

Following the strong quarterly results, IHS Holding’s management expressed confidence in its future prospects by raising its full-year 2025 guidance. The updated forecast for annual revenue is now projected to be between $1.72 billion and $1.75 billion, an increase from the previous range of $1.70 billion to $1.73 billion.

Additionally, the company adjusted its non-GAAP earnings before interest, taxes, depreciation, and amortization (EBITDA) outlook to a range of $995 million to nearly $1.02 billion. This represents an uptick from the prior projection of $985 million to slightly over $1 billion.

Market Reaction

Investors reacted positively to the news, pushing IHS Holding’s shares up by almost 2% during Wednesday’s trading session. This performance notably outpaced the broader market, with the S&P 500 experiencing a modest 0.1% increase on the same day.