Airtel Africa Updates Voting Rights Calculation, Reports Strong Q1 Growth

Airtel Africa Plc has notified shareholders that 3,648,813,589 units should be used as the denominator when calculating their percentage voting rights in the company.

The clarification, issued by Group Company Secretary Simon O’Hara, follows regulatory guidance from the UK Financial Conduct Authority (FCA). As of August 31, 2025, Airtel Africa’s issued share capital stood at 3,656,302,633 ordinary shares of $0.50 each. However, 7,489,044 of these are held in treasury and carry no voting rights, reducing the effective total.

Read Also:

• Airtel Africa Buys Back 500,000 Shares Under $100m Programme
• Airtel, Insurers Drive Market Value Past N70tn Milestone

The update applies to shareholders on both the London Stock Exchange, where Airtel Africa trades under the ticker AAF, and the Nigerian Exchange in Lagos, where it is listed as AIRTELAFRI.

AAF has delivered a year-to-date gain of over 90% in London, with strong liquidity and trading volumes, while AIRTELAFRI has risen by about 7% in Nigeria with far lighter volumes.

Financial results for the first quarter of Airtel’s 2025/2026 fiscal year showed pre-tax profit of $273 million, up 269% year-on-year. Revenue rose 24.9% in constant currency to $1.4 billion, supported by easing currency pressures and tariff adjustments in key markets, particularly Nigeria and Francophone Africa.

The company’s customer base expanded 9% to 169.4 million, with data subscribers rising 17.4% to 75.6 million. Data services contributed 38.8% of total revenue, overtaking voice at 37.7%. Mobile money users climbed to 45.8 million, underscoring growth in digital financial services.