Helios Towers plc (HTWS) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone and welcome to the Helios Towers FY25 earnings call. I hope you and your families are doing well and staying safe and I extend my sincere thoughts to all of you caught up in the Iranian conflict. I'm Tom Greenwood CEO of Helios Towers and joining me today is Manjit Dhillon our CFO and Chris Baker-Sams who leads our investor relations. We're really pleased to be here discussing our 2025 performance with you. A year of record operational delivery, expanding returns, accelerating recurring free cash flow, strengthening of our capital structure and launching shareholder distributions. And we're even more excited to also be laying out our FY26 execution strategy. This marks another important step forward in our Impact 2030 strategy, our five-year framework designed to deliver disciplined and efficient capital allocation, leading to compounding return on capital and recurring free cash flow. Impact 2030 is built around five clear pillars. Capital efficient organic growth. Expanding tenancy ratio and ROIC. Accelerating recurring free cash flow. Maintaining our balance sheet strength. Increasing shareholder distributions. Our Helios Towers business model is simple. We invest our capital in high return growth projects. That growth expands EBITDA. That EBITDA converts into recurring free cash flow. We de-lever and we return surplus capital to shareholders. 2025 was a milestone year such that this model is now operating at scale. Such that we can distribute surplus free cash flow to shareholders whilst maintaining the long runway of growth in our addressable markets. So page three. I'll begin with the highlights and strategic progress. Manjit will then take you through the financials and we'll open up for the usual Q&A at the end. But before diving into it, I wan...