Airtel Money achieved a net profit of $228 million for the six months ending September 2026, propelled by a broadening user network and accelerating uptake across payments, remittances, and credit solutions.
The fintech group generated $830 million in revenue during the half-year window, marking a 34% rise on a reported basis from $620 million in the previous period. Factoring out currency fluctuations, top-line growth stood at 25.1%. These figures represent the company’s inaugural financial scorecard since making its debut on the London Stock Exchange on October 9. Net profit improved from $188 million a year earlier, while its active client base widened by 18.7% to reach 56.7 million users.
Revenue from payments and funds transfers climbed 32.8%, while other financial solutions jumped 49.7% in reported currency terms. Both verticals outpaced the group’s foundational mobile wallet operations, which expanded by 25%. The shift illustrates how customer habits are progressing beyond basic cash deposits and withdrawals toward merchant payments, cross-border transfers, credit, savings, and insurance across 13 markets in East and Francophone Africa.
Chief Executive Officer Ian Basil Ferrao highlighted payments, transfers, and advanced financial services as the primary engines of topline momentum. User engagement deepened during the period, with the average monthly transaction volume per subscriber climbing 14.9% to $397, alongside a 5.1% rise in average revenue per user at constant currency. Furthermore, smartphone app adoption surged 64.3% to 4.1 million accounts, helping push annualized total processed value (TPV) to $270 billion during the second quarter—a 36.4% year-on-year gain in constant-currency terms.
Airtel Money’s 56.7 million subscribers now represent 42.9% of Airtel Africa’s overall telecommunications customer pool, an increase of 3.2 percentage points over the prior year. Ferrao noted notable traction across less saturated Francophone territories and pointed out that roughly 75 million Airtel telecom subscribers have yet to register for financial services, providing substantial headroom for conversion.
Despite strong revenue expansion, underlying EBITDA margins compressed to 48% from 50.8% twelve months prior, affected by restructured intra-group agreements within Airtel and new statutory fees introduced in one market. Management expects these cost pressures to moderate during the latter half of the financial year. The company reaffirmed its full-year target of mid-20% constant-currency revenue growth, and directors declared an interim dividend of 6.4 US cents per share.
