Helios Towers Plc (HTWSF), a British telecom infrastructure company, on Thursday registered a narrower loss for the full year, amidst an increase in revenue, supported by a higher organic tenancy growth, complemented by acquisitions in Malawi and Oman.
For the 12-month period, the company posted a pre-tax loss of $112.2 million, narrower than loss of $162.5 million in the previous year.
The annual loss is reflected by a $53.6 million favorable non-cash fair value movements on embedded derivatives, partially offset by $60.3 million higher finance costs, reflecting a non-cash impact of foreign exchange on the Group's intercompany borrowings and the impact of increased debt, largely related to the Oman acquisition which closed in 2022.
Net loss stood at $111.8 million or 10 cents per share as against last year's loss of $171.4 million or 16 cents per share.
Cost of sales rose to $450.4 million from last year's $365.9 million.
Tenancies stood at 26,925 tenants, higher than 24,492 tenants a year ago.
Sites rose to 14,097 from the previous year's 13, 553.
Revenue was $721 million, up from the previous year's $560.7 million.
Looking ahead to the full year, the company expects organic tenancy additions of 1,600 to 2,100.
Excluding items, annual EBITDA is projected to be in the range of $405 million to $420 million, with capital expenditure of $150 million to $190 million.
For comments and feedback: editorial@rttnews.com