Business
Q1 2025 Results
Q1 2025 Results.
About this update from Helios Towers Plc
[{"type":"text","content":"\n\n\n \n \nUnaudited trading update for the three months ended 31 March 2025\n \n+668 tenancy additions year-to-date\n \n+9% year-on-year Adj. EBITDA growth\n \n 2025 guidance reaffirmed\n \n \nLondon, 8 May 2025: Helios Towers plc (\"Helios Towers\", \"the Group\" or \"the Company\"), the independent\ntelecommunications infrastructure company, today announces results for the three months to 31 March 2025 (\"Q1 2025\").\nTom Greenwood, Chief Executive Officer, said: \n \n\"We are pleased to have continued the momentum from 2024, a year of significant progress across multiple value streams, into 2025. In the first three months of the year, we have delivered strong operational and financial performance, with Adj. EBITDA increasing 9% year-on-year, supported by over 600 tenancy additions year-to-date, and are tracking strongly towards our tenancy ratio target of 2.2x by 2026.\n \nReflecting the Company's consistently strong performance, we were delighted to see continued improvements recognised in our credit ratings. S&P and Fitch upgraded our rating from B+ to BB- and Moody's improved their outlook to positive on its B1 credit rating.\n \nDespite the broader macroeconomic uncertainties, we remain confident in our outlook due to the resilience of our performance and predictability of our robust business model. We reaffirm our full-year guidance as we continue to focus on capital efficient organic growth, deleveraging and free cash flow generation.\"\n \n \n\n\n\n\n\n\n\nQ1 2025\n\n\nQ1 2024\n\n\nChange\n\n\nQ1 2025\n\n\nQ4 2024\n\n\nChange\n\n\n\n\nSites\n\n\n 14,417\n\n\n 14,166\n\n\n+2%\n\n\n 14,417\n\n\n 14,325\n\n\n+1%\n\n\n\n\nTenancies\n\n\n 30,074\n\n\n 27,686\n\n\n+9%\n\n\n 30,074\n\n\n 29,406\n\n\n+2%\n\n\n\n\nTenancy ratio\n\n\n 2.09x\n\n\n1.95x\n\n\n+0.14x\n\n\n 2.09x\n\n\n 2.05x\n\n\n+0.04x\n\n\n\n\nRevenue (US$m)\n\n\n 203.8\n\n\n194.6\n\n\n+5%\n\n\n 203.8\n\n\n207.3\n\n\n-2%\n\n\n\n\nAdjusted EBITDA (US$m)1\n\n\n 111.1\n\n\n102.2\n\n\n+9%\n\n\n 111.1\n\n\n109.1\n\n\n+2%\n\n\n\n\nAdjusted EBITDA margin1\n\n\n55%\n\n\n53%\n\n\n+2ppt\n\n\n55%\n\n\n53%\n\n\n+2ppt\n\n\n\n\nOperating profit (US$m)\n\n\n 76.6\n\n\n67.3\n\n\n+...