Company Analysis

IHS Holding Limited (IHS)

NYSE: IHS · Radiotelephone Communications · London · filing with the SEC since 2021
Grade4.8
◀ Past 4.7● Present 4.3▶ Future 5.3
1 est.

The grade of IHS Holding Limited

Nine metrics read from its own filings, by tense
Headline grade
4.8/10
◀ Past4.725% of the headline
● Present4.335% of the headline
▶ Future5.340% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.7/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.5/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 22% of this tense · 65th percentile among 13 sector filers · read for itself

From the record

IHS Holding Limited's filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.3/10

What has it actually done, year after year?

+4.3% a year over 7 filed years; profitable in 1 of 7.

weight 45% of this tense · 43rd percentile among 13 sector filers · read for its customers

From the record

IHS Holding Limited's 7 filed years say what it did: revenue went from $1.2 billion in fiscal 2019 to $1.6 billion in fiscal 2025, up 4.3% a year; it rose in 4 of 6 years; the deepest fall was 22% from fiscal 2022 to fiscal 2024; net income was positive in 1 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span4.3%top 42% of its family
  • the share of years revenue rosetop 46% of its family
  • the share of filed years with a profitbottom 12% of its family
  • the deepest fall from a revenue peak22.1%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
3.9/10

How has it treated the people who own it?

Share count grew 0.4% a year. 0% of cash flow returned. Insiders: 9 sales, 0 purchases.

weight 33% of this tense · 39th percentile among 10 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, IHS Holding Limited's diluted share count grew about 0.4% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 9 sales (9 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 37% of its family
  • cash returned against operating cash flowbottom 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.3/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.7/10

Is it financially healthy right now?

Leverage 102%: owes 102¢ per asset dollar.

weight 45% of this tense · 37th percentile among 13 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, IHS Holding Limited's shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 20 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 102 cents per dollar of assets, and net share issuance: its share count grew 0.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 4% of its family
  • gross profit against assetstop 39% of its family
  • the share count against the year beforebottom 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.1/10

How strong is its position in its industry?

bottom 41% of 13 in its family; net margin 8%.

weight 33% of this tense · 41st percentile among 13 sector filers · read for its customers

From the record

IHS Holding Limited's standing among 13 graded names in its industry family: revenue of $1.6 billion in fiscal 2025 ranks in the top 39% by size; a net margin of 8% ranks in the bottom 42%; revenue growth of -6.9% a year over the last 3 filed years ranks in the bottom 19% (its annual reports).

What it rests on

  • revenue against the family$1.58Btop 39% of its family
  • net margin8.0%bottom 42% of its family
  • three-year revenue growth-6.9%bottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.8/10

What are the people in charge doing?

SI estimate 5.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 5 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 5 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 5 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: IHS Holding Limited's leadership is put at 5.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 5 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.3/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.1/10

How much room does it have to grow?

top 49% of 12 in its family for room to expand.

weight 22% of this tense · 51st percentile among 12 sector filers · read for itself

From the record

IHS Holding Limited's room to grow, from the newest filed statements (fiscal 2025): cash of $826 million against debt of $3.1 billion leaves -51.5% of its assets as net cash, bottom 4% of its family; cash from operations less capital spending is 45.4% of revenue (top 12%); a gross margin of 55.4% (top 39%) (its annual report).

What it rests on

  • cash less debt against assets-51.5%bottom 4% of its family
  • cash from operations less capital spending against revenue45.4%top 12% of its family
  • gross margin55.4%top 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.2/10

What could actually drive growth from here?

bottom 32% of 13 in its family for growth drivers.

weight 45% of this tense · 32nd percentile among 13 sector filers · read for its customers

From the record

IHS Holding Limited's growth drivers, from the filed years to fiscal 2025: revenue grew -6.9% a year over the last three filed years against 4.3% over all 7, slowing (bottom 19% of its family); the newest year grew 3.6% (top 42%); capital spending grew -16.9% a year (bottom 19%) (its annual reports). IHS Holding Limited tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-11.2 points a yearbottom 19% of its family
  • the newest year's revenue growth3.6%top 42% of its family
  • three-year growth of capital spending-16.9%bottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.2/10

Did its newest year beat what its own record pointed to?

top 18% of 12 in its family for expectations against reality.

weight 33% of this tense · 82nd percentile among 12 sector filers · read for its shareholders

From the record

IHS Holding Limited's newest year against its own record: revenue of $1.6 billion in fiscal 2025 came in 17.4% above the $1.3 billion its prior three years' pace pointed to (top 21% of its family); net income of $127 million against a prior three-year average of $1.4 billion (top 29%); a net margin of 8% against -78.3% before (top 4%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace17.4%top 21% of its family
  • net income against the prior three years' average+109%top 29% of its family
  • net margin against its prior average+86.3 pointstop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton IHS · research, not advice