Earnings release
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Exhibit 99.1 IHS Towers of strength FOR IMMEDIATE RELEASE IHS HOLDING LIMITED REPORTS THIRD QUARTER 2021 FINANCIAL RESULTS ( UNAUDITED ) CONSOLIDATED HIGHLIGHTS - THIRD QUARTER 2021 • Completed $ 378 million IPO on the NYSE on October 14 , 2021 • Revenue increased 8.7 % ( or 11.8 % organically ) to $ 401 million . The third quarter of 2020 was positively impacted by a one - time revenue catch - up of $ 13.1 million • Loss for the period was $ 30 million • Adjusted EBITDA was $ 220 million , and Adjusted EBITDA margin was 54.9 % • Cash from operations was $ 206 million • Recurring Levered Free Cash Flow ( " RLFCF " ) was $ 74 million London , United Kingdom , November 16 , 2021. IHS Holding Limited ( NYSE : IHS ) ( " IHS Towers " or the " Company " ) , one of the largest independent owners , operators and developers of shared telecommunications infrastructure in the world by tower count , today reported financial results for the third quarter ended September 30 , 2021 . Sam Darwish , IHS Towers Chief Executive Officer , stated , “ I am delighted to be reporting our first set of results as a public company and am pleased with our financial and operational performance , which met our expectations . Today , we are the fourth largest independent multinational tower company and the only such company focused solely on emerging markets , where our critical infrastructure helps connect underserved communities to bridge the digital divide . Our global tower count now stands at more than 30,500 , which is almost 3,000 more than last year as a result of our acquisitions in Latam earlier this year and our new build program there . In Nigeria , we are rolling out fiber connectivity , as well as our rural telephony offering which is connecting some of the most remote communities . We continue to enhance our revenue through investments in ancillary telecom infrastructure technologies such as small cells , DAS and fiber and are excited about the imminent closure of the TIM fiber transaction . Our diversification strategy remains an important focus , as evidenced by the TIM fiber transaction and our entry last month into Egypt through a licensed partnership . Together , these transactions continue our focus on attractive growth markets , while reducing our risk premium , demonstrating IHS ' continued commitment to the African and Latam continents and illustrating the types of exciting digital infrastructure opportunities available to us in the emerging markets . As a newly listed company on the New York Stock Exchange , delivering strong organic and inorganic growth , we look forward to the future and are satisfied with the results we have announced today . " 1