Airtel Africa annual free cash flow
2021
2022
2023
2024
2025
2026
Airtel Africa Free Cash Flow (FCF) History (AAF)
Airtel Africa reported $2.44B in free cash flow for fiscal 2026, an increase of 59.61% from the previous fiscal year, with a free cash flow margin of 38.07%.
View full Airtel Africa company overviewAirtel Africa free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2026 | 2026-03-31 | $2.44B | $912.0M | +59.61% | +38.07% |
| 2025 | 2025-03-31 | $1.53B | $139.0M | +9.99% | +30.88% |
| 2024 | 2024-03-31 | $1.39B | −$59.0M | −4.07% | +27.94% |
| 2023 | 2023-03-31 | $1.45B | $156.0M | +12.06% | +27.59% |
| 2022 | 2022-03-31 | $1.29B | $273.0M | +26.74% | +27.45% |
| 2021 | 2021-03-31 | $1.02B | — | — | +26.13% |
Airtel Africa quarterly free cash flow
Q3.25
Q4.25
Q1.26
Q3.26
Q4.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q4 2026 | 2026-03-31 | $606.0M | $140.0M | +30.04% | +34.67% |
| Q3 2026 | 2025-12-31 | $682.0M | $208.0M | +43.88% | +40.47% |
| Q1 2026 | 2025-06-30 | $411.0M | — | — | +29.05% |
| Q4 2025 | 2025-03-31 | $466.0M | — | — | +35.38% |
| Q3 2025 | 2024-12-31 | $474.0M | — | — | +37.38% |
Airtel Africa free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $1.02B to $2.44B, a compound annual growth rate of 19.05%. Airtel Africa's latest reported quarter, Q4 2026, generated $606.0M in free cash flow, an increase of 30.04% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Airtel Africa source filings ↗Community posts
Airtel Africa grows half-year earnings while doubling network investment
Airtel Africa ($AAF) reported revenue of $3.823 billion for the first half of fiscal 2026/27, up 28.2% as reported and 20.8% at constant currencies. Underlying EBITDA increased 32.8% to $1.921 billion, with the margin reaching 50.3%. Custom ...
