IHS Holding Limited (IHS) 6-K 14 May 24 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2024
Document and Entity Information [Abstract]
Document Type	6-K
Document Period End Date	Mar. 31, 2024
Entity Registrant Name	IHS Holding Ltd
Entity Central Index Key	0001876183
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF (LOSS)/INCOME AND OTHER COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	[1]
CONDENSED CONSOLIDATED STATEMENT OF (LOSS)/INCOME AND OTHER COMPREHENSIVE INCOME (UNAUDITED)
Revenue	$ 417,744	$ 602,528
Cost of sales	(254,290)	(306,649)
Administrative expenses	(166,696)	(97,321)
Net loss allowance on trade receivables	(4,560)	(3,560)
Other income	710	175
Operating (loss)/income	(7,092)	195,173
Finance income	10,806	6,828
Finance costs	(1,563,028)	(179,008)
(Loss)/income before income tax	(1,559,314)	22,993
Income tax benefit/(expense)	2,064	(15,218)
(Loss)/income for the period	(1,557,250)	7,775	[2]
(Loss)/income attributable to:
Owners of the Company	(1,553,328)	10,581
Non-controlling interests	(3,922)	(2,806)
(Loss)/income for the period	$ (1,557,250)	$ 7,775	[2]
(Loss)/income per share - basic	$ (4.67)	$ 0.03
(Loss)/income per share - diluted	$ (4.67)	$ 0.03
Items that may be reclassified to profit or loss
Fair value gain through other comprehensive income	$ 1
Exchange differences on translation of foreign operations	1,043,519	$ 44,192
Other comprehensive income for the period, net of taxes	1,043,520	44,192
Total comprehensive (loss)/income for the period	(513,730)	51,967	[2]
Total comprehensive (loss)/income attributable to:
Owners of the Company	(503,135)	49,571
Non-controlling interests	(10,595)	2,396
Total comprehensive (loss)/income for the period	$ (513,730)	$ 51,967	[2]
[1] Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022. Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Non-current assets
Property, plant and equipment	$ 1,516,239	$ 1,740,235
Right of use assets	826,445	886,909
Goodwill	467,991	619,298
Other intangible assets	861,997	933,030
Fair value through other comprehensive income financial assets	9	13
Deferred income tax assets	63,467	63,786
Derivative financial instrument assets	8,180	1,540
Trade and other receivables	125,705	147,292
Non-current assets	3,870,033	4,392,103
Current assets
Inventories	39,880	40,589
Income tax receivable	3,968	3,755
Derivative financial instrument assets	527	565
Trade and other receivables	351,654	607,835
Cash and cash equivalents	333,203	293,823
Assets held for sale	6,875	26,040
Current assets	736,107	972,607
TOTAL ASSETS	4,606,140	5,364,710
Non-current liabilities
Trade and other payables	5,069	4,629
Borrowings	3,285,118	3,056,696
Lease liabilities	492,475	510,838
Provisions for other liabilities and charges	80,086	86,131
Deferred income tax liabilities	123,342	137,106
Non-current liabilities	3,986,090	3,795,400
Current liabilities
Trade and other payables	411,175	532,627
Provisions for other liabilities and charges	183	277
Derivative financial instrument liabilities	40,655	68,133
Income tax payable	58,732	75,612
Borrowings	183,223	454,151
Lease liabilities	89,203	91,156
Current liabilities	783,171	1,221,956
Total liabilities	4,769,261	5,017,356
EQUITY
Stated capital	5,397,690	5,394,812
Accumulated losses	(6,846,722)	(5,293,394)
Other reserves	1,059,000	8,430
Equity attributable to owners of the Company	(390,032)	109,848
Non-controlling interest	226,911	237,506
Total equity	(163,121)	347,354
Total equity and liabilities	$ 4,606,140	$ 5,364,710

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) - USD ($) $ in Thousands		Attributable to owners of the Company - Total	Stated capital	Accumulated losses	Other reserves	Non-controlling interests	Total
Beginning balance, Equity at Dec. 31, 2022		$ 1,133,030	$ 5,311,953	$ (3,317,652)	$ (861,271)	$ 227,200	$ 1,360,230
Options converted to shares			73,372		(73,372)
Share-based payment expense		3,129			3,129		3,129
Total transactions with owners of the Company		3,129	73,372		(70,243)		3,129
Income/(loss) for the period	[1]	10,581		10,581		(2,806)	7,775	[2]
Other comprehensive income/(loss)		38,990			38,990	5,202	44,192	[2]
Total comprehensive (loss)/income	[1]	49,571		10,581	38,990	2,396	51,967	[2]
Ending balance, Equity at Mar. 31, 2023	[1]	1,185,730	5,385,325	(3,307,071)	(892,524)	229,596	1,415,326
Beginning balance, Equity at Dec. 31, 2022		1,133,030	5,311,953	(3,317,652)	(861,271)	227,200	1,360,230
Options converted to shares					(92,896)
Share-based payment expense					13,168
Other comprehensive income/(loss)					950,855
Ending balance, Equity at Dec. 31, 2023		109,848	5,394,812	(5,293,394)	8,430	237,506	347,354
Options converted to shares			2,878		(2,878)
Share-based payment expense		3,255			3,255		3,255
Total transactions with owners of the Company		3,255	2,878		377		3,255
Income/(loss) for the period		(1,553,328)		(1,553,328)		(3,922)	(1,557,250)
Other comprehensive income/(loss)		1,050,193			1,050,193	(6,673)	1,043,520
Total comprehensive (loss)/income		(503,135)		(1,553,328)	1,050,193	(10,595)	(513,730)
Ending balance, Equity at Mar. 31, 2024		$ (390,032)	$ 5,397,690	$ (6,846,722)	$ 1,059,000	$ 226,911	$ (163,121)
[1] Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022 Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities
Cash from operations	$ 92,984	$ 251,859
Income taxes paid	(13,142)	(14,443)
Payment for rent	(3,992)	(2,285)
Payment for tower and tower equipment decommissioning	(5)	(4)
Net cash generated from operating activities	75,845	235,127
Cash flow from investing activities
Purchase of property, plant and equipment	(61,031)	(105,417)
Payment in advance for property, plant and equipment	(4,343)	(35,802)
Purchase of software and licenses	(1,643)	(7,252)
Proceeds from disposal of property, plant and equipment	888	561
Insurance claims received	10	144
Interest income received	3,981	6,498
Deposit of short term deposits	(30,155)	(63,710)
Refund of short term deposits	202,757	16,729
Net cash generated from/(used in) investing activities	110,464	(188,249)
Cash flows from financing activities
Bank loans and bond proceeds received (net of transaction costs)	380,383	368,096
Bank loans and bonds repaid	(328,679)	(264,345)
Fees on loans and derivative instruments	(3,255)	(6,508)
Interest paid	(81,334)	(68,503)
Payment for the principal of lease liabilities	(17,066)	(20,059)
Interest paid for lease liabilities	(13,209)	(12,120)
Net loss settled on derivative instruments	(20,148)
Net cash used in financing activities	(83,308)	(3,439)
Net increase in cash and cash equivalents	103,001	43,439
Cash and cash equivalents at beginning of period	293,823	514,078
Effect of movements in exchange rates on cash	(63,621)	(41,928)
Cash and cash equivalents at end of period	$ 333,203	$ 515,589

General information

General information	3 Months Ended
	Mar. 31, 2024
General information
General information	1. The financial statements are the unaudited condensed consolidated interim financial statements (hereafter “financial statements”) of IHS Holding Limited (the “Company”) and its subsidiaries (together hereafter referred to as the “Group”). IHS Holding Limited is incorporated in the Cayman Islands under the Companies Act (as amended) as an exempted company with limited liability. The Company is domiciled in the Cayman Islands and the address of its registered office is 190 Elgin Avenue, George Town, Grand Cayman KY1-9008, Cayman Islands. The financial period represents the three months ended March 31, 2024, with the prior period representing the three months ended March 31, 2023. The financial statements are presented in U.S. Dollars ($) and all values are rounded to the nearest thousand, except where otherwise indicated.

Significant accounting policies

Significant accounting policies	3 Months Ended
	Mar. 31, 2024
Significant accounting policies
Summary of significant accounting policies	2. 2.1 The financial statements for the three months ended March 31, 2024, have been prepared in accordance with International Accounting Standard 34, ‘Interim Financial Reporting’ (IAS 34), as issued by the International Accounting Standards Board (IASB). The financial statements do not amount to full financial statements and do not include all of the information and disclosures required for full annual financial statements. It should be read in conjunction with the consolidated annual financial statements of the Group for the year ended December 31, 2023, which have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the IASB, as noted within note 2.1 of the consolidated annual financial statements. In management’s opinion, the accompanying financial statements contain all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of its financial position as of March 31, 2024, and its results of operations for the three months ended March 31, 2024, and 2023, cash flows for the three months ended March 31, 2024, and 2023, and statement of changes in equity for the three months ended March 31, 2024, and 2023. Certain amounts in the prior periods have been reclassified to conform to the current year presentation. The condensed consolidated statement of financial position as of December 31, 2023, was derived from audited annual financial statements but does not contain all of the footnote disclosures from the annual financial statements. 2.2 These condensed consolidated interim financial statements were authorized and approved for issue on May 13, 2024. 2.3 Taxes on income in the interim periods are accrued using the tax rate that would be applicable to expected total annual income or loss. 2.4 The accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period, except the new standards, amendments and interpretations adopted by the Group during the period. (a) New standards, amendments and interpretations adopted by the Group The Group has applied the following standards and amendments for its reporting period commencing January 1, 2024: ● Classification of Liabilities as Current or Non-current - Deferral of Effective Date (Amendment to IAS 1) ● Non-current Liabilities with Covenants Amendments to IAS 1 ● Lease Liability in a Sale and Leaseback Amendments to IFRS 16 ● Supplier finance arrangements - Amendments to IAS 7 and IFRS 7 ● International Tax Reform - Pillar Two Model Rules - Amendments to IAS 12 The amendments to standards listed above did not have any material impact on the Group’s interim financial statements except for Pillar Two Model Rules. Refer to note 11 for further details on the Pillar Two Model rules impact. (b) New standards, amendments and interpretations not yet adopted by the Group Certain new accounting standards, interpretations and amendments have been published through March 31, 2024, that are not yet effective and have not been early adopted by the Group. They are: ● Lack of Exchangeability (Amendments to IAS 21) The Company is in the process of analyzing the impact of the amendments to IAS 21. 2.5 Operating segments are components of IHS’ business activities about which separate financial statements are available and reported internally to the chief operating decision maker. The Group’s Executive Committee has been identified as the chief operating decision maker, responsible for allocating resources and assessing performance of the operating segments. The Group’s Executive Committee currently consists of the Chief Executive Officer (“CEO”), the Chief Operating Officer (“COO”), the Chief Financial Officer (“CFO”), the General Counsel, the IHS Nigeria CEO, the Chief Human Resource Officer and the Executive Vice President of Communications. Where operating segments share similar characteristics, they have been aggregated into reportable segments, of which the Group has identified four: Nigeria, Sub-Saharan Africa (“SSA”), Middle East and North Africa (“MENA”) and Latin America (“Latam”).

Critical accounting estimates a

Critical accounting estimates and assumptions	3 Months Ended
	Mar. 31, 2024
Critical accounting estimates and assumptions
Critical accounting estimates and assumptions	3. The preparation of interim financial statements requires management to make certain judgments, accounting estimates and assumptions that affect the amounts reported for the assets and liabilities at the reporting date and the amounts reported for revenues and expenses during the period. The nature of the estimation means that actual outcomes could differ from those estimates. In preparing these condensed consolidated interim financial statements, the significant judgments made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty were the same, except as mentioned below, as those that applied to the consolidated financial statements for the year ended December 31, 2023. (a) Going Concern As part of their regular assessment of the Group’s liquidity and financing position, the Directors have prepared detailed forecasts for a period which extends beyond 12 months after the date of approval of these financial statements. In assessing the forecasts, the Directors have considered: ● the current economic conditions in the operating markets and the impact on trading performance; ● the impact of macroeconomic factors, particularly interest rates and foreign exchange rates, including further devaluation of the Nigeria Naira during the reporting period, and the ongoing impact of ongoing geopolitical conflicts and wars including on global diesel prices and supply chains for raw materials such as steel and for equipment, including batteries; ● the status of the Group’s financial arrangements (see also note 18); ● mitigating actions available should business activities fall behind current expectations; and ● additional sensitivity analysis under a stressed scenario to assess the impact of a severe but plausible downside case. In addition, the Directors have considered the following: The Group has cash and cash equivalents of $333.2 million as of March 31, 2024: ● Management has assessed current cash reserves and the availability of undrawn facilities and continues to monitor available liquidity in the context of ongoing operational requirements and planned capital expenditure; ● All of the Group’s operations are cash generative; and ● Our IT team monitors the risk of fraud, data or security breaches, loss of data and the potential for other cyber-related attacks and utilizes security measures to mitigate such risks. Having carefully considered the factors noted above, the Directors have a reasonable expectation that the Group and the Company have adequate resources to continue in operational existence for at least 12 months from the date of issuance of these financial statements and to operate within the covenant levels of its current debt facilities. The Directors therefore continue to consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. (b ) Assessment of appropriate foreign exchange rate The subsidiaries based in Nigeria previously translated their foreign currency transactions into the functional currency, Nigerian Naira, at the Nigerian Autonomous Foreign Exchange Fixing (“NAFEX”) prevailing rate at the date of the transaction. In mid-June 2023, the Central Bank of Nigeria announced the unification of all segments of the foreign exchange market by replacing the old regime of multiple exchange rate “windows” for different purposes with, in effect, a market rate. The unification of the Nigeria foreign exchange market was aimed at eliminating multiple “windows” and to allow foreign exchange transactions to be determined by market forces via a single I&E window (subsequently renamed NAFEM in October 2023). The Group uses the USD/NGN rate published by Bloomberg for the translation of USD transactions and denominated balances in the Nigerian subsidiaries and also for consolidation purposes.

Capital risk management

Capital risk management	3 Months Ended
	Mar. 31, 2024
Capital risk management
Capital risk management	4. The Group’s activities expose it to a variety of financial risks including market risk (foreign exchange risk and interest rate risk), credit risk and liquidity risk. The financial statements do not include all financial risk management information and disclosures required in annual financial statements, and should be read in conjunction with the Group’s annual financial statements for the year ended December 31, 2023. There have been no changes in any risk management policies since December 31, 2023. Fair value hierarchy The table below analyzes financial instruments carried at fair value, by valuation method. The different levels have been defined as follows: ● Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1). ● Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (level 2). ● Inputs for the asset or liability that are not based on observable market data (that is unobservable inputs) (level 3). The following tables present the Group’s financial instruments that are measured at fair value at March 31, 2024, and at December 31, 2023. ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 Level 1 Level 2 Total ​ ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ Fair value through other comprehensive income financial assets ​ 9 ​ — ​ 9 Interest rate caps (note 15) ​ — ​ 527 ​ 527 Embedded options within listed bonds (note 15) ​ — ​ 8,180 ​ 8,180 Foreign exchange swaps (note 15) ​ — ​ (40,655) ​ (40,655) ​ ​ 9 ​ (31,948) ​ (31,939) ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 Level 1 Level 2 Total ​ ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ Fair value through other comprehensive income financial assets ​ 13 ​ — ​ 13 Interest rate caps (note 15) ​ — ​ 565 ​ 565 Embedded options within listed bonds (note 15) ​ — ​ 1,540 ​ 1,540 Foreign exchange swaps (note 15) ​ — ​ (68,133) ​ (68,133) ​ ​ 13 ​ (66,028) ​ (66,015) ​ As of reporting period end, the Group had both level 1 and level 2 financial instruments. Financial instruments in level 1 The fair value of financial instruments traded in active markets is based on quoted market prices at the reporting date. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. The quoted market price used for financial assets held by the Group is the current bid price. These instruments are included in level 1. Instruments included in level 1 comprise investment in marketable securities classified as fair value through other comprehensive income financial assets. Financial instruments in level 2 The fair value of financial instruments that are not traded in an active market (for example, over-the-counter derivatives) is determined by using valuation techniques. These valuation techniques maximize the use of observable market data where it is available and rely as little as possible on entity specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2. Instruments included in level 2 comprise primarily of foreign exchange swaps, interest rate caps and options embedded in the bonds. Their fair values are determined based on mark to market values provided by the counterparty financial institutions or valuation techniques using observable market data. Fair value estimation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At March 31, 2024 ​ At December 31, 2023 ​ ​ Carrying ​ Fair ​ Carrying ​ Fair ​ Value Value Value Value ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Bank and bond borrowings (note 18) 3,468,341 ​ 3,297,434 3,510,847 3,224,775 ​ 3,468,341 3,297,434 3,510,847 3,224,775 ​ The fair values of non-current liabilities are based on discounted cash flows using a current borrowing rate. The fair values of current assets and current liabilities are not materially different from their carrying values.

Segment reporting

Segment reporting	3 Months Ended
	Mar. 31, 2024
Segment reporting
Segment reporting	5. Segment reporting The Group’s Executive Committee, identified as the chief operating decision maker (“CODM”), reviews and evaluates the Group’s performance from a business perspective according to how the geographical locations are managed. Regional and operating company management are responsible for managing performance, underlying risks, and effectiveness of operations. Regions are broadly based on a scale and geographic basis because the Group’s risks and rates of return are affected predominantly by the fact that the Group operates in different geographical areas. The Executive Committee reviews the Company’s internal reporting to assess performance and allocate resources. Management has determined the operating segments based on these reports. The CODM has identified four reportable and operating segments: ● Nigeria; ● SSA, which comprises operations in Cameroon, Côte d’Ivoire, Rwanda, South Africa and Zambia ; ● Latam, which comprises operations in Brazil, Colombia and Peru; and ● MENA, which comprises operations in Kuwait and Egypt. Although full operations in Egypt have not commenced, the business has incurred some costs. All operating segments are engaged in the business of leasing tower space for communication equipment and capacity leasing and services on fixed broadband networks to MNOs and other customers (internet service providers, security functions or private corporations) and provide managed services in limited situations, such as maintenance, operations and leasing services, for certain towers owned by third parties within their respective geographic areas. However, they are managed and grouped within the four operating segments, which are primarily distinguished by reference to the scale of operations, to the similarity of their future prospects and long-term financial performance (i.e. margins and geographic basis). The CODM primarily uses a measure of Adjusted EBITDA (defined as income/(loss) for the period before income tax expense/(benefit), finance costs and income, depreciation and amortization, impairment of withholding tax receivables, business combination transaction costs, impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent on the decommissioning of sites, reversal of provision for decommissioning costs, net (income)/loss on sale of assets, share-based payment (credit)/expense, insurance claims and certain other items that management believes are not indicative of the core performance of our business). The most directly comparable IFRS measure to Adjusted EBITDA is our income/(loss) for the period. The CODM also regularly receives information about the Group’s revenue, assets and liabilities. The Group has additional corporate costs which do not meet the quantitative thresholds to be separately reported and therefore are not allocated to operating segments. Segment Adjusted EBITDA represents Adjusted EBITDA excluding unallocated corporate expenses. There are no revenue transactions which occur between operating segments. Intercompany finance income, finance costs and loans are not included in the amounts below. The segment’s assets and liabilities are comprised of all assets and liabilities attributable to the segment, based on the operations of the segment and the physical location of the assets, including goodwill and other intangible assets and are measured in the same way as in the financial statements. Other assets and liabilities that are not attributable to Nigeria, SSA, Latam and MENA segments consist principally of amounts excluded from specific segments including costs incurred for and by Group functions not attributable directly to the operations of the reportable segments, share-based payment and any amounts due on debt held at Group level as the balances are not utilized in assessing each segment’s performance. Summarized financial information for the three months ended March 31, 2024, is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 Nigeria SSA Latam MENA Total ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues from external customers ​ 227,734 ​ 131,315 ​ 47,773 ​ 10,922 ​ 417,744 Segment Adjusted EBITDA ​ 102,869 ​ 69,652 ​ 33,845 ​ 6,072 ​ 212,438 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reconciliation of information on reportable segments to the amounts reported in the financial statements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment Adjusted EBITDA ​ ​ ​ ​ ​ ​ ​ ​ ​ 212,438 Finance costs (note 10) ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,563,028) Impairment of goodwill (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ (87,894) Depreciation and amortization (note 6 and 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ (87,566) Impairment of withholding tax receivables (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ (8,216) Share‑based payment expense (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ (3,181) Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent (note 6) ​ ​ ​ ​ ​ ​ ​ ​ ​ (3,060) Other costs (a) ​ ​ ​ ​ ​ ​ ​ ​ ​ (2,485) Business combination costs (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ (232) Insurance claims ​ ​ ​ ​ ​ ​ ​ ​ ​ 10 Net gain on disposal of property, plant and equipment (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ 373 Finance income (note 9) ​ ​ ​ ​ ​ ​ ​ ​ ​ 10,806 Unallocated corporate expenses (b) ​ ​ ​ ​ ​ ​ ​ ​ ​ (27,279) Loss before income tax ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,559,314) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additions of property, plant and equipment, right of use assets and intangible assets: ​ ​ ​ ​ ​ - through business combinations ​ — ​ — ​ — ​ — ​ ​ - in the normal course of business ​ 21,113 ​ 7,391 ​ 44,256 ​ 824 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment assets (at March 31, 2024) ​ 890,799 ​ 1,352,030 ​ 2,036,385 ​ 177,858 ​ ​ Segment liabilities (at March 31, 2024) ​ 394,252 ​ 846,260 ​ 732,871 ​ 105,508 ​ ​ (a) Other costs for the three months ended March 31, 2024, included one-off consulting fees related to corporate structures and operating systems of $1.9 million and costs related to internal reorganization of $0.5 million . (b) Unallocated corporate expenses primarily consist of costs associated with centralized Group functions including Group executive, legal, finance, tax and treasury services. Summarized financial information for the three months ended March 31, 2023, is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 Nigeria SSA Latam MENA Total ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues from external customers ​ 424,978 ​ 122,160 ​ 45,649 ​ 9,741 ​ 602,528 Segment Adjusted EBITDA* ​ 271,879 ​ 65,481 ​ 31,172 ​ 3,666 ​ 372,198 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reconciliation of information on reportable segments to the amounts reported in the financial statements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment Adjusted EBITDA* ​ ​ ​ ​ ​ ​ ​ ​ ​ 372,198 Finance costs (note 10)* ​ ​ ​ ​ ​ ​ ​ ​ ​ (179,008) Depreciation and amortization (note 6 and 7)* ​ ​ ​ ​ ​ ​ ​ ​ ​ (118,956) Impairment of withholding tax receivables (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ (11,255) Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent (note 6) ​ ​ ​ ​ ​ ​ ​ ​ ​ (4,146) Share‑based payment expense (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ (3,289) Other costs (a) ​ ​ ​ ​ ​ ​ ​ ​ ​ (2,175) Business combination costs (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,459) Other non-operating income ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 Insurance claims ​ ​ ​ ​ ​ ​ ​ ​ ​ 145 Net gain on disposal of property, plant and equipment (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ 734 Finance income (note 9) ​ ​ ​ ​ ​ ​ ​ ​ ​ 6,828 Unallocated corporate expenses (b) ​ ​ ​ ​ ​ ​ ​ ​ ​ (36,654) Income before income tax ​ ​ ​ ​ ​ ​ ​ ​ ​ 22,993 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additions of property, plant and equipment, right of use assets and intangible assets: ​ ​ ​ ​ ​ - through business combinations ​ — ​ — ​ — ​ — ​ ​ - in the normal course of business ​ 80,087 ​ 27,771 ​ 42,926 ​ 3,327 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment assets (at March 31, 2023)* ​ 2,397,464 ​ 1,583,787 ​ 2,021,888 ​ 177,168 ​ ​ Segment liabilities (at March 31, 2023)* ​ 1,044,816 ​ 889,326 ​ 608,734 ​ 110,048 ​ ​ *Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022. (a) Other costs for the three months ended March 31, 2023, included one off consulting fees related to corporate structures and operating systems of $1.6 million and non-recurring professional fees related to financing of $0.2 million. (b) Unallocated corporate expenses primarily consist of costs associated with centralized Group functions including Group executive, legal, finance, tax and treasury services. Revenue from two tier one customers represents approximately 10% or more of the Group’s total revenue as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ ​ March 31, ​ March 31, ​ ​ 2024 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer A ​ 60 % 56 % Customer B ​ 16 % 17 % ​

Cost of sales

Cost of sales	3 Months Ended
	Mar. 31, 2024
Cost of sales [abstract]
Cost of sales	6. ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, ​ March 31, ​ 2024 2023* ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Power generation ​ 88,820 ​ 115,290 Depreciation (note 13) (a) ​ 73,771 ​ 103,615 Tower repairs and maintenance ​ 15,579 ​ 27,864 Amortization (note 14) ​ 9,963 ​ 11,254 Security services ​ 7,839 ​ 12,798 Site regulatory permits ​ 7,565 ​ 10,960 Staff costs ​ 6,890 ​ 9,790 Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent ​ 3,060 ​ 4,146 Short-term rental ​ 2,594 ​ 3,583 Travel costs ​ 1,675 ​ 3,480 Insurance ​ 1,191 ​ 1,307 Vehicle maintenance and repairs ​ 438 ​ 563 Professional fees ​ 402 ​ 541 Other (b) ​ 34,503 ​ 1,458 ​ ​ 254,290 ​ 306,649 *Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022. (a) Presented net of related indirect tax receivable in Brazil of $0.4 million in 2024. Refer to note 13. (b) Included in “Other” for the three months ended March 31, 2024, are $32.1 million in foreign exchange losses on cost of sales (three months ended March 31, 2023: foreign exchange gains on cost of sales of $0.3 million).

Administrative expenses

Administrative expenses	3 Months Ended
	Mar. 31, 2024
Administrative expenses.
Administrative expenses	7. ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, ​ March 31, ​ 2024 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Impairment of goodwill (note 14) ​ 87,894 ​ — Staff costs ​ 30,068 ​ 37,830 Professional fees ​ 12,550 ​ 13,661 Facilities, short-term rental and upkeep ​ 8,430 ​ 11,155 Impairment of withholding tax receivables (a) ​ 8,216 ​ 11,255 Key management compensation ​ 4,011 ​ 4,207 Share‑based payment expense (note 24) ​ 3,181 ​ 3,289 Travel costs ​ 2,883 ​ 3,144 Depreciation (note 13) ​ 2,795 ​ 2,699 Amortization (note 14) ​ 1,037 ​ 1,388 Operating taxes ​ 449 ​ 80 Business combination costs ​ 232 ​ 1,459 Net gain on disposal of property, plant and equipment ​ (373) ​ (734) Other ​ 5,323 ​ 7,888 ​ ​ 166,696 ​ 97,321 (a) Withholding tax receivables were impaired following the Group’s assessment of the recoverability of withholding tax assets based on a five-year cash flow projection and an analysis of the utilization of withholding tax balances against future income tax liabilities.

Loss allowance on trade receiva

Loss allowance on trade receivables	3 Months Ended
	Mar. 31, 2024
Loss allowance on trade receivables
Loss allowance on trade receivables	8. The loss allowance for the three months ended March 31, 2024, is $4.6 million (three months ended March 31, 2023: $3.6 million). This represents the net impact of new or increased provisions for balances now assessed as doubtful partially offset by the reversal of allowances made in previous periods in respect of balances recovered in the period or no longer considered doubtful.

Finance income

Finance income	3 Months Ended
	Mar. 31, 2024
Finance income.
Finance income	9. ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ March 31, March 31, ​ 2024 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value gain on embedded options and interest rate caps ​ 6,825 ​ — Interest income - bank deposits 3,981 6,498 Net foreign exchange gain arising from derivative instruments - unrealized — 330 ​ 10,806 6,828 ​

Finance costs

Finance costs	3 Months Ended
	Mar. 31, 2024
Finance costs.
Finance costs	10. ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ March 31, March 31, ​ 2024 2023* ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Net foreign exchange loss arising from financing - unrealized 1,373,739 26,707 Interest expenses - third party loans 93,290 84,578 Net foreign exchange loss arising from financing - realized 27,788 45,413 Net foreign exchange loss on derivative instruments - unrealized 24,962 — Net foreign exchange loss on derivative instruments - realized 20,371 — Interest and finance charges paid/payable for lease liabilities 15,718 14,895 Fees on loans and financial derivatives 4,861 3,443 Unwinding of discount on decommissioning liability 2,299 2,261 Fair value loss on embedded options and interest rate caps — 1,711 ​ 1,563,028 179,008 *Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022 .

Taxation

Taxation	3 Months Ended
	Mar. 31, 2024
Taxation
Taxation	11. ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ March 31, March 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Current taxes 4,630 35,308 Deferred income taxes (6,694) (20,090) Total taxes (2,064) 15,218 ​ Income tax expense is recognized in each interim period based on tax computations for each group entity based upon the income or loss before tax in the period. Adjustments for material temporary and permanent differences are made by reference to the relevant tax rules, making suitable pro-rated adjustments for rates applying on an annual basis for the full financial year under the tax rules. Accordingly, the interim period income tax expense is accrued at the effective tax rate that would be applicable to the pre-tax income of the interim period. The income tax payable reduction of $16.9 million for the three months ended March 31, 2024, is primarily driven by the movement in the uncertain tax positions ($14.5 million) as a result of the Naira devaluation. As a result of the goodwill impairment in Latam tower businesses group of CGUs (refer to note 14) for the three months ended March 31, 2024, the Group reassessed recoverability of the related deferred tax assets and determined that no impairment of deferred tax assets was required. International Tax Reform - Pillar Two Model Rules - Amendments to IAS 12 The United Kingdom has enacted a Multinational Top-Up Tax based upon the Organization for Economic Co-operation and Development Pillar Two Global Anti-Base Erosion Rules (“Pillar Two”). The legislation is in effect for the Group’s financial year beginning January 1, 2024. The Group is in scope by virtue of the parent company being tax resident in the UK. The group applied the IAS 12 ‘Income taxes’ exception to recognizing and disclosing information about deferred tax assets and liabilities related to the Pillar Two model rules. A liability to Pillar Two is anticipated to arise with respect to certain jurisdictions where the Pillar Two effective tax rate is below 15%. As a result, the Group recognised an estimated current tax expense of $5.0 million for the three months ended March 31, 2024.

Loss_(income) per share

Loss/(income) per share	3 Months Ended
	Mar. 31, 2024
Loss/(income) per share
Loss/(income) per share	12. The following table sets forth basic and diluted net (loss)/income per common share computational data (in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, ​ March 31, ​ 2024 2023* ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Loss)/income attributable to equity holders ($’000) ​ (1,557,250) ​ 7,775 Less: allocation of loss to non‑controlling interest ($’000) (3,922) (2,806) (Loss)/income attributable to IHS common shareholders ($’000) (1,553,328) 10,581 ​ ​ ​ ​ ​ Basic weighted average shares outstanding (‘000) 332,626 331,986 Potentially dilutive securities (‘000) 656 3,144 Potentially dilutive weighted average common shares outstanding (‘000) 333,282 335,130 ​ ​ ​ ​ ​ (Loss)/income per share: Basic (loss)/income per share ($) (4.67) 0.03 Diluted (loss)/income per share ($) (4.67) 0.03 *Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022. Potentially dilutive securities include share-based compensation options, but for the three months ended March 31, 2024, these securities were anti-dilutive and thus do not impact diluted loss per share.

Property, plant and equipment

Property, plant and equipment	3 Months Ended
	Mar. 31, 2024
Property, plant and equipment.
Property, plant and equipment	13. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (excluding ​ ​ ​ ​ Towers ​ ​ ​ Land ​ Furniture ​ ​ ​ Capital ​ Right of ​ ​ ​ ​ and tower ​ Fiber ​ and ​ and office ​ Motor ​ work in ​ use ​ Right of ​ ​ equipment ​ assets ​ buildings ​ equipment ​ vehicles ​ progress ​ asset) ​ use assets ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At January 1, 2023 2,961,567 364,182 63,586 32,308 27,277 287,158 3,736,078 1,165,180 Additions during the year (a) 64,165 32,293 3,017 3,775 4,481 351,362 459,093 123,281 Additions through business combinations (note 26) (b) 5,576 — — — — — 5,576 — Reclassification 208,363 81,929 5,210 (2,300) 337 (293,539) — — Transfer from advance payments 67,978 2,529 2,164 — — 16,643 89,314 — Disposals (c) (122,022) (35,575) — (1,743) (2,216) — (161,556) (52,271) Effects of movement in exchange rates (880,175) 3,431 (34,697) (7,589) (10,497) (148,759) (1,078,286) (117,853) Reclassified to assets held for sale (e) ​ (111,551) — — (52) — (127) (111,730) (1,347) At December 31, 2023 2,193,901 448,789 39,280 24,399 19,382 212,738 2,938,489 1,116,990 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At January 1, 2024 2,193,901 448,789 39,280 24,399 19,382 212,738 2,938,489 1,116,990 Additions during the period (a) 10,620 ​ 276 ​ 776 ​ 137 ​ 270 ​ 32,021 44,100 24,843 Reclassification 27,972 ​ 562 ​ — ​ 157 ​ — ​ (28,691) — — Transfer from advance payments 5,236 ​ 3,159 ​ 71 ​ — ​ — ​ 398 8,864 — Disposals (c) (2,370) ​ (11) ​ — ​ (165) ​ (248) ​ — (2,794) (10,717) Effects of movement in exchange rates (354,378) ​ (29,271) ​ (11,697) ​ (2,971) ​ (3,973) ​ (49,721) (452,011) (77,176) At March 31, 2024 1,880,981 423,504 28,430 21,557 15,431 166,745 2,536,648 1,053,940 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation and impairment At January 1, 2023 1,561,326 59,032 1,833 21,437 17,009 — 1,660,637 200,161 Charge for the year (d) 216,776 65,246 358 4,173 4,017 — 290,570 95,895 Impairment (e) 85,567 464 — — — — 86,031 1,663 Disposals (c) (120,503) (34,506) — (1,723) (2,141) — (158,873) (23,920) Effects of movement in exchange rates (587,037) 6,143 (958) (4,826) (6,135) — (592,813) (43,018) Reclassified to assets held for sale (e) ​ (87,290) — — (8) — — (87,298) (700) At December 31, 2023 1,068,839 96,379 1,233 19,053 12,750 — 1,198,254 230,081 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At January 1, 2024 1,068,839 96,379 1,233 19,053 12,750 — 1,198,254 230,081 Charge for the period (d) 35,713 ​ 16,716 ​ 57 ​ 1,244 ​ 644 ​ — 54,374 22,562 Impairment (e) 1,793 ​ — ​ — ​ 38 ​ — ​ — 1,831 343 Disposals (c) (1,249) ​ (6) ​ — ​ (131) ​ (248) ​ — (1,634) (4,434) Effects of movement in exchange rates (221,824) ​ (5,340) ​ (360) ​ (2,534) ​ (2,358) ​ — (232,416) (21,057) At March 31, 2024 883,272 107,749 930 17,670 10,788 — 1,020,409 227,495 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net book value At December 31, 2023 1,125,062 352,410 38,047 5,346 6,632 212,738 1,740,235 886,909 At March 31, 2024 997,709 315,755 27,500 3,887 4,643 166,745 1,516,239 826,445 (a) Includes net movements in assets relating to the decommissioning and site restoration provision. (b) Includes subsequent asset acquisitions on business combination transactions. (c) The disposals value of right of use assets represents disposals due to terminated leases and the impact of remeasurement of lease assets as a result of changes in lease terms. (d) The charge for the period does not agree to the charge in the condensed consolidated statement of (loss)/income and other comprehensive income due to the indirect taxes benefit of $0.4 million in IHS Brasil Cessão de Infraestruturas S.A. claimed through depreciation over the useful life of the asset. (e) The impairment in the year ended December 31, 2023, includes $71.0 million from power equipment assets in the SSA segment being classified as assets held for sale and remeasured at fair value less costs to sell. As of March 31, 2024 a portion of the sale of these assets was concluded, with the remainder expected to be concluded within 12 months of being classified as held for sale. Assets are not depreciated while they are classified as held for sale. The impairment losses have been recognized in cost of sales in the condensed consolidated statement of (loss)/income and other comprehensive income. Capital work-in-progress comprises mainly of tower and tower equipment still under construction and not yet available for use. The Group transfers such assets to the appropriate class once they are available for use. There were no qualifying borrowing costs capitalized during the year.

Goodwill and other intangible a

Goodwill and other intangible assets	3 Months Ended
	Mar. 31, 2024
Goodwill and other intangible assets
Goodwill and other intangible assets	14. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer ‑ Network ‑ ​ ​ ​ ​ ​ ​ ​ related ​ related ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ intangible ​ intangible ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ assets ​ assets ​ Licenses ​ Software ​ Total ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At January 1, 2023 885,639 1,031,366 175,290 30,588 29,244 2,152,127 Additions during the year — — — 3,007 12,110 15,117 Additions through business combinations (note 26) (a) — 2,224 766 — — 2,990 Disposals — (16,219) (1,758) (117) (14,928) (33,022) Effects of movement in exchange rates (134,613) (119,291) (13,619) (45) (4,670) (272,238) Reclassified to assets held for sale ​ — — — — (271) (271) At December 31, 2023 751,026 898,080 160,679 33,433 21,485 1,864,703 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At January 1, 2024 751,026 898,080 160,679 33,433 21,485 1,864,703 Additions during the period — ​ — ​ — ​ — ​ 234 234 Disposals ​ — ​ — ​ — ​ — ​ (5,400) ​ (5,400) Effects of movement in exchange rates (68,110) ​ (71,676) ​ (8,820) ​ (1,516) ​ (1,197) (151,319) At March 31, 2024 682,916 826,404 151,859 31,917 15,122 1,708,218 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated amortization and impairment At January 1, 2023 122,251 159,402 27,576 9,076 21,331 339,636 Charge for the year — 34,044 7,217 6,288 2,834 50,383 Disposals — (16,219) (1,758) (117) (13,328) (31,422) Effects of movement in exchange rates 9,477 (43,850) (7,335) 351 (4,827) (46,184) Reclassified to assets held for sale ​ — — — — (38) (38) At December 31, 2023 131,728 133,377 25,700 15,598 5,972 312,375 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At January 1, 2024 131,728 133,377 25,700 15,598 5,972 312,375 Charge for the period — ​ 7,360 ​ 1,525 ​ 1,008 ​ 1,107 11,000 Disposals ​ — ​ — ​ — ​ — ​ (5,400) ​ (5,400) Impairment charge for the year ​ 87,894 ​ — ​ — ​ 886 ​ — ​ 88,780 Effects of movement in exchange rates (4,697) ​ (19,282) ​ (3,362) ​ (534) ​ (650) (28,525) At March 31, 2024 214,925 121,455 23,863 16,958 1,029 378,230 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net book value At December 31, 2023 619,298 764,703 134,979 17,835 15,513 1,552,328 At March 31, 2024 467,991 704,949 127,996 14,959 14,093 1,329,988 (a) Includes subsequent asset acquisitions on business combination transactions. Network-related intangible assets represent future income from leasing excess tower capacity to new Tenants. Customer-related intangible assets represent customer contracts and relationships. Assets classified as assets held for sale are remeasured at fair value less costs to sell with impairment losses, if any, recognized in cost of sales in the condensed consolidated statement of (loss)/income and other comprehensive income. The sale of these assets is expected to be concluded within 12 months of being classified as held for sale. Assets are not amortized while they are classified as held for sale. We have recognized an impairment of $87.9 million in the IHS Latam tower businesses group of CGUs. This is mainly due to the restructuring of our customer Oi S.A. (“Oi”) in Brazil. On April 19, 2024, an Oi restructuring plan was presented to court in Brazil and was agreed upon by creditors including IHS, in relation to Oi’s ongoing judicial recovery proceedings. As a result of the agreed upon terms, the carrying amount of the IHS Latam tower businesses group of CGUs has been reduced to its recoverable amount as of March 31, 2024, through the recognition of an impairment loss against goodwill. This loss is included in administrative expenses in the condensed consolidated statement of (loss)/income and other comprehensive income. Changes in key assumptions from December 31, 2023, are as follows: ● Discount rate changed from 11.0% to 10.3% For the Latam tower businesses group of CGUs these reasonably possible change scenarios would individually result in the impairment charge increase as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ 1% increase 1% decrease 15% decrease ​ ​ in post tax ​ in terminal ​ in tenancy ​ ​ discount rate ​ growth rate ​ growth ​ ​ $'000 ​ $'000 ​ $'000 March 31, 2024 ​ ​ ​ ​ ​ ​ IHS Latam Tower businesses 165,663 103,808 110,944 ​

Derivative financial instrument

Derivative financial instruments	3 Months Ended
	Mar. 31, 2024
Derivative financial instruments
Derivative financial instruments	15. The derivative instruments have been classified as fair value through profit or loss. The instruments are measured at fair value with the resultant gains or losses recognized in the condensed consolidated statement of (loss)/income and other comprehensive income. The related net foreign exchange gain/(loss) is included in finance income (note 9) and finance costs (note 10). The underlying contractual notional amounts for the derivative instruments as of March 31, 2024, and as of December 31, 2023 are as follows: ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Derivative instruments ​ ​ ​ ​ Foreign exchange swaps 125,000 125,000 Embedded options within listed bonds 1,940,000 1,940,000 ​ 2,065,000 2,065,000 ​ The fair value balances are as follows: ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Derivative instruments ​ ​ Foreign exchange swaps (40,655) (68,133) Interest rate caps ​ 527 ​ 565 Embedded options within listed bonds 8,180 1,540 ​ (31,948) (66,028) ​ The change in fair value of the derivative instruments has been recorded in the condensed consolidated statement of (loss)/income and other comprehensive income as follows: ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, March 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Derivative instruments Foreign exchange swaps (24,962) 330 Interest rate caps ​ 185 ​ (151) Embedded options within listed bonds 6,640 (1,560) ​ (18,137) (1,381) ​

Trade and other receivables

Trade and other receivables	3 Months Ended
	Mar. 31, 2024
Trade and other receivables
Trade and other receivables	16. ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Current ​ ​ Trade receivables 258,378 233,528 Less: impairment provisions ​ (22,822) (21,205) Net trade receivables (a) 235,556 212,323 Other receivables (b) 41,789 317,452 Prepaid land rent 1,153 1,016 Other prepaid expenses 27,852 29,979 Advance payments 30,278 33,364 Withholding tax receivables 1,321 1,362 VAT receivables 13,705 12,339 ​ 351,654 607,835 Non ‑ current Accrued income and lease incentive 72,103 71,891 Other tax receivables 6,722 7,116 Payment in advance for property, plant and equipment 40,677 61,874 Contingent consideration receivable (c) ​ 6,203 ​ 6,411 ​ 125,705 147,292 (a) The fair value is equal to their carrying amount. (b) Included in other receivables are short-term fixed deposits which are not classified as cash and cash equivalents as it exceeds the three-month maturity period. Most of these deposits were withdrawn in the current period and reclassified to cash and cash equivalents. (c) Receivable on the I-Systems Soluções de Infraestrutura S.A. acquisition. The balance increased since acquisition due to foreign exchange movements. Payment in advance for property, plant and equipment relates to the future supply of tower and tower equipment and fiber assets. All non-current receivables are due within twenty years

Trade and other payables

Trade and other payables	3 Months Ended
	Mar. 31, 2024
Trade and other payables.
Trade and other payables	17. ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2024 ​ 2023 ​ $’000 $’000 ​ ​ ​ ​ ​ Current ​ ​ Trade payables ​ 238,594 ​ 330,622 Deferred revenue ​ 35,693 ​ 41,462 Withholding tax payable ​ 6,241 ​ 3,555 Payroll and other related statutory liabilities ​ 23,773 ​ 46,282 VAT payables ​ 29,016 ​ 37,829 Other payables ​ 77,858 ​ 72,877 ​ ​ 411,175 ​ 532,627 Non ‑ current ​ ​ Other payables ​ 5,069 ​ 4,629 ​ ​ 5,069 ​ 4,629 ​

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2024
Borrowings.
Borrowings	18. ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 $’000 ​ ​ ​ ​ ​ Non ‑ current ​ ​ ​ ​ Senior Notes ​ 1,932,960 ​ 1,930,457 Bank borrowings ​ 1,352,158 ​ 1,126,239 ​ ​ 3,285,118 ​ 3,056,696 Current ​ ​ Senior Notes ​ 22,924 ​ 26,912 Bank borrowings ​ 125,354 ​ 107,110 Bank overdraft ​ 10,667 ​ 675 Letters of credit ​ 24,278 ​ 319,454 ​ ​ 183,223 ​ 454,151 ​ ​ ​ ​ ​ Total borrowings ​ 3,468,341 ​ 3,510,847 ​ 18.1 Debt is made up of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maturity ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ # Currency ​ date Interest rate 2024 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Senior Notes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Holding Limited ​ ​ ​ US Dollar ​ ​ 2026 ​ ​ ​ 5.63 % ​ 506,183 ​ 498,920 IHS Holding Limited ​ ​ ​ US Dollar ​ ​ 2028 ​ ​ ​ 6.25 % ​ 506,597 ​ 498,635 IHS Netherlands Holdco B.V. ​ US Dollar ​ 2027 ​ ​ 8.00 % ​ 943,104 ​ 959,814 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank borrowings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Holding Limited ​ (a) ​ US Dollar ​ ​ 2025 ​ ​ ​ 3.75 % + CAS + 3M SOFR ​ 371,132 ​ 370,935 IHS Holding Limited ​ (b) ​ US Dollar ​ ​ 2026 ​ ​ ​ 4.50 % + 3M SOFR ​ 264,405 ​ — IHS Nigeria Limited ​ (c) ​ Nigerian Naira ​ ​ 2026 ​ ​ ​ 2.50 % + MPR; Capped at 24% ​ 11,147 ​ — INT Towers Limited ​ ​ ​ Nigerian Naira ​ ​ 2028 ​ ​ ​ 2.50 % + MPR; Capped at 24% ​ 122,835 ​ 186,302 IHS Côte d’Ivoire S.A. ​ (d) ​ CFA Franc ​ ​ 2028 ​ ​ ​ 6.50 % ​ 11,130 ​ — IHS Côte d’Ivoire S.A. ​ (d) ​ Euro ​ ​ 2028 ​ ​ ​ 3.50 % + 3M EURIBOR ​ 59,302 ​ — IHS Côte d’Ivoire S.A. ​ ​ ​ CFA Franc ​ ​ 2024 ​ ​ ​ 5.00 % ​ — ​ 6,570 IHS Côte d’Ivoire S.A. ​ ​ ​ Euro ​ ​ 2024 ​ ​ ​ 3.00 % + 3M EURIBOR ​ — ​ 4,841 IHS Zambia Limited ​ ​ ​ US Dollar ​ ​ 2027 ​ ​ ​ 5.00 % + CAS + 3M SOFR ​ 76,454 ​ 81,297 IHS Brasil - Cessão de Infraestruturas S.A. ​ ​ ​ Brazilian Real ​ ​ 2031 ​ ​ ​ 3.10 % + CDI ​ 238,464 ​ 252,341 I-Systems Soluções de Infraestrutura S.A. ​ ​ ​ Brazilian Real ​ ​ 2030 ​ ​ ​ 2.45 - 2.50% + CDI ​ 84,274 ​ 84,305 IHS Kuwait Limited ​ ​ ​ Kuwait Dinar ​ ​ 2029 ​ ​ ​ 2.00 % + CBK Discount Rate ​ 59,376 ​ 61,354 IHS Towers South Africa Proprietary Limited ​ ​ ​ South African Rand ​ ​ 2029 ​ ​ ​ 2.75 % + 3M JIBAR ​ 178,993 ​ 185,404 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank overdraft ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Towers South Africa Proprietary Limited ​ (e) ​ South African Rand ​ ​ 2024 ​ ​ ​ 11.50 % ​ 10,667 ​ 675 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Letters of credit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Nigeria Limited ​ ​ ​ US Dollar ​ ​ 2024 ​ ​ ​ 12.00 - 15.55% ​ 5,762 ​ 98,918 INT Towers Limited ​ ​ ​ US Dollar ​ ​ 2024 ​ ​ ​ 12.00 - 15.75% ​ 17,546 ​ 219,418 IHS Towers NG Limited ​ ​ ​ US Dollar ​ ​ 2024 ​ ​ ​ 15.49 % ​ — ​ 23 Global Independent Connect Limited ​ US Dollar ​ 2024 ​ ​ 13.25 - 15.25% ​ 970 ​ 1,095 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,468,341 ​ 3,510,847 ​ i. The Group is in compliance with the restrictive debt covenants related to the listed bonds and covenants related to external borrowings as of quarter end. Approximate U.S. dollar equivalent values for non-USD denominated facilities stated below are translated from the currency of the debt at the relevant exchange rates on March 31, 2024. (a) IHS Holding (2022) Bullet Term Loan Facility IHS Holding Limited entered into a $600.0 million term loan agreement in October 2022, (as amended and/or restated from time to time, the “IHS Holding 2022 Term Loan”), between, amongst others, IHS Holding Limited as borrower, Citibank Europe plc, UK Branch as facility agent and certain financial institutions listed therein as original lenders. The loan is guaranteed by IHS Netherlands Holdco B.V., IHS Netherlands NG1 B.V., IHS Towers NG Limited, IHS Netherlands NG2 B.V., Nigeria Tower Interco B.V., INT Towers Limited and IHS Nigeria. In October 2023, the available commitments under the IHS Holding 2022 Term Loan were voluntarily reduced by $100.0 million and the availability period on the remaining balance in available commitments was extended to April 2024 from October 2023. In March 2024, the available commitments under the IHS Holding 2022 Term Loan were further voluntarily reduced by $70.0 million. As of March 31, 2024, $370.0 million of the IHS Holding 2022 Term Loan was drawn down. (b) IHS Holding (2024) Term Facility IHS Holding Limited entered into a $270.0 million loan agreement on March 8, 2024, (as amended and/or restated from time to time, the “IHS Holding 2024 Term Facility”), between, amongst others, IHS Holding Limited as borrower and Standard Chartered Bank (Singapore) Limited as the original lender. The loan is guaranteed by IHS Netherlands Holdco B.V., IHS Netherlands NG1 B.V., IHS Towers NG Limited, IHS Netherlands NG2 B.V., Nigeria Tower Interco B.V., INT Towers Limited and IHS Nigeria. As of March 31, 2024, $270.0 million of the IHS Holding 2024 Term Facility was drawn down. The majority of the drawn proceeds have been applied toward the repayment of Letter of Credit Facilities in Nigeria. (c) Nigeria (2023) Revolving Credit Facility IHS Netherlands Holdco B.V., IHS Nigeria, IHS Towers NG Limited, INT Towers and IHS Holding Limited entered into an up to NGN 55.0 billion (approximately $39.5 million) revolving credit facility agreement in January 2023, (as amended and/or restated from time to time the “Nigeria 2023 RCF”), and between, amongst others, IHS Netherlands Holdco B.V. as holdco and guarantor; IHS Towers NG Limited and INT Towers as borrowers and guarantors; each of IHS Holding Limited, IHS Netherlands NG1 B.V., IHS Netherlands NG2 B.V., and Nigeria Tower Interco B.V. as guarantors; Ecobank Nigeria Limited as agent and certain financial institutions listed therein as original lenders. The interest rate per annum is equal to 20% in the first year moving to a floating rate for the remainder of the term. This floating rate is defined by the Nigerian MPR plus a margin of 2.5% and is subject to a cap of 24% and floor of 18%. IHS Netherlands Holdco B.V. also pays certain other fees and costs, including agent fees. As of March 31, 2024, NGN 15.0 billion (approximately $10.8 million) million of the Nigeria 2023 RCF was drawn down. (d) CIV (2023) Term Loan IHS Côte d’Ivoire S.A. entered into a facility agreement originally in December 2023, (as amended and/or restated from time to time) with, amongst others, certain financial institutions listed therein as original lenders, split into one tranche with a total commitment of €88.0 million (approximately $94.9 million) (the “CIV 2023 Euro Tranche”), and another tranche with a total commitment of XOF 11.2 billion (approximately $18.3 million) (the “CIV 2023 XOF Tranche” and, together with the CIV 2023 Euro Tranche, the “CIV 2023 Term Loan”). The CIV 2023 Term Loan is governed by French law. Funds under the facility are to be applied towards, inter alia, refinancing certain indebtedness of IHS Côte d’Ivoire S.A. (including the IHS Côte d’Ivoire S.A. Facility), general corporate and working capital purposes, and funding a settlement of intercompany loans. The CIV Term Loan will terminate in December 2028. As of March 31, 2024, €56.1 million (approximately $60.5 million) and XOF 7.1 billion (approximately $11.7 million) were drawn under this facility and the proceeds were applied towards, inter alia, the repayment of the IHS Côte d’Ivoire S.A. Facility. (e) IHS South Africa Overdraft IHS SA entered into a ZAR 350.0 million (approximately $18.5 million) overdraft facility agreement in October 2023, (the “IHS SA Overdraft”). The IHS SA Overdraft is governed by South African law and funds borrowed under the facility will be applied towards general corporate purposes. The IHS SA Overdraft will terminate in October 2024. As of March 31, 2024, ZAR 200.4 million (approximately $10.6 million) has been drawn down under this facility. ii. As of March 31, 2024, IHS Nigeria Limited has utilized $5.8 million through funding under agreed letters of credit. These letters mature on June 30, 2024, and their interest rates range from 12.00% to 15.55%. These letters of credit are utilized to fund capital and operational expenditure with suppliers. As of March 31, 2024, INT Towers Limited has utilized $17.5 million through funding under agreed letters of credit. These letters mature on June 30, 2024, and their interest rates range from 12.00% to 15.75%. These letters of credit are utilized to fund capital and operational expenditure with suppliers. As of March 31, 2024, Global Independent Connect Limited has utilized $1.0 million through funding under agreed letters of credit. These letters mature on June 30, 2024, and their interest rates range from 13.25% to 15.25%. These letters of credit are utilized to fund capital and operational expenditure with suppliers.

Lease liabilities

Lease liabilities	3 Months Ended
	Mar. 31, 2024
Lease liabilities.
Lease liabilities	19. ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Current ​ 89,203 ​ 91,156 Non‑current 492,475 510,838 Total lease liabilities 581,678 601,994 ​ Lease liabilities represent the net present value of future payments due under long-term land leases for leasehold land on which our towers are located and for other leasehold assets such as warehouses and offices. During the three-month period ended March 31, 2024, payments to the value of $30.3 million were made in respect of recognized lease liabilities. These lease liabilities are unwound using incremental borrowing rates which represent the credit risk of the lessee entity and the length of the lease agreement. At March 31, 2024, and December 31, 2023, the contractual maturities of the lease liabilities were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ contractual ​ Within ​ 2 ‑ 3 ​ 4 ‑ 5 ​ Over 5 ​ ​ value cash flows 1 year years years years ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease liabilities ​ 581,678 1,143,430 102,776 189,721 176,007 674,926 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease liabilities 601,994 1,181,459 101,709 193,434 180,895 705,421 ​ Lease obligations contractual cash flows are disclosed with the same renewal expectation assumption assessed for lease accounting under IFRS 16. The average remaining lease term remaining at March 31, 2024, is 12.5 years.

Provisions for other liabilitie

Provisions for other liabilities and charges	3 Months Ended
	Mar. 31, 2024
Provisions for other liabilities and charges
Provisions for other liabilities and charges	20. ​ ​ ​ ​ ​ ​ Decommissioning and site restoration provision March 31, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ At January 1 ​ 86,408 ​ 85,016 Decrease in provisions ​ (4,478) ​ (505) Payments for tower and tower equipment decommissioning ​ (5) ​ (343) Unwinding of discount ​ 2,299 ​ 9,156 Effects of movement in exchange rates ​ (3,955) ​ (6,916) At end of period/year ​ 80,269 ​ 86,408 ​ ​ ​ ​ ​ Analysis of total decommissioning and site restoration provisions: ​ ​ Non‑current ​ 80,086 ​ 86,131 Current ​ 183 ​ 277 ​ ​ 80,269 ​ 86,408 ​ This provision relates to the probable obligation that the Group may incur to dismantle and remove assets from tower sites. The amount recognized initially is the present value of the estimated amount that will be required to decommission and restore the leased sites to their original states, discounted using the risk-free rates of individual operations within the Group, adjusted for risks specific to the cash flows being discounted. The amount provided for each site has been discounted based on the respective lease terms attached to each site.

Stated capital

Stated capital	3 Months Ended
	Mar. 31, 2024
Stated capital
Stated capital	21. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ordinary Shares ​ ​ ​ Share capital ​ Share premium ​ ​ Number of ​ ​ ​ net of ​ ​ ​ net of ​ ​ shares ​ Share capital ​ issue costs ​ Share Premium ​ issue costs ​ 000’s ​ $’000 ​ $’000 $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2023 332,519 ​ 100,311 ​ 99,756 5,324,525 ​ 5,295,056 Shares issued on exercise of options ​ 349 ​ 105 ​ 105 ​ 2,773 ​ 2,773 At March 31, 2024 332,868 ​ 100,416 ​ 99,861 5,327,298 ​ 5,297,829 ​

Other reserves

Other reserves	3 Months Ended
	Mar. 31, 2024
Other reserves.
Other reserves	22. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value ​ ​ ​ ​ ​ ​ ​ through ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ other ​ ​ ​ Share ‑ ​ Loss on ​ Foreign ​ ​ ​ ​ comprehensive ​ ​ ​ based ​ transaction ​ exchange ​ ​ ​ ​ income ​ Restructuring ​ payment ​ between ​ translation ​ ​ ​ ​ reserve ​ reserve ​ reserve ​ owners ​ reserve ​ Total ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At January 1, 2023 ​ (3) ​ 4,019 ​ 98,817 ​ (840,359) ​ (123,745) ​ (861,271) Other comprehensive income ​ 12 ​ — ​ — ​ — ​ 950,843 ​ 950,855 Options converted to shares ​ — ​ — ​ (92,896) ​ — ​ — ​ (92,896) Recognition of share‑based payment expense ​ — ​ — ​ 13,168 ​ — ​ — ​ 13,168 Other reclassifications related to share-based payment ​ — ​ — ​ (1,426) ​ — ​ — ​ (1,426) At December 31, 2023 ​ 9 ​ 4,019 ​ 17,663 ​ (840,359) ​ 827,098 ​ 8,430 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At January 1, 2024 ​ 9 ​ 4,019 ​ 17,663 ​ (840,359) ​ 827,098 ​ 8,430 Other comprehensive income ​ 1 ​ — ​ — ​ — ​ 1,050,192 ​ 1,050,193 Options converted to shares ​ — ​ — ​ (2,878) ​ — ​ — ​ (2,878) Recognition of share‑based payment expense ​ — ​ — ​ 3,255 ​ — ​ — ​ 3,255 At March 31, 2024 ​ 10 ​ 4,019 ​ 18,040 ​ (840,359) ​ 1,877,290 ​ 1,059,000 ​

Non-controlling interest

Non-controlling interest	3 Months Ended
	Mar. 31, 2024
Non-controlling interest
Non-controlling interest	23. ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, March 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Balance at January 1 ​ 237,506 227,200 Loss for the period ​ (3,922) (2,806) Other comprehensive (loss)/income ​ (6,673) 5,202 Balance at March 31 ​ 226,911 229,596 ​ Set out below is summarized financial information for the I-Systems subsidiary, being the only subsidiary that has non-controlling interest that is material to the Group. The amounts disclosed are before intercompany eliminations. ​ ​ ​ ​ ​ ​ I-Systems Soluções de Infraestrutura S.A. Summarized statement of financial position March 31, ​ December 31, ​ 2024 ​ 2023 ​ $’000 $’000 ​ ​ ​ ​ Current assets 41,201 ​ 83,274 Current liabilities (52,102) ​ (53,797) Current net assets (10,901) ​ 29,477 ​ ​ ​ ​ Non-current assets 540,133 ​ 527,592 Non-current liabilities (108,346) ​ (114,681) Non-current net assets 431,787 ​ 412,911 ​ ​ ​ ​ Net assets 420,886 ​ 442,388 ​ ​ ​ ​ Accumulated non-controlling interest at the end of the period/year 206,234 ​ 216,770 ​ ​ ​ ​ ​ I-Systems Soluções de Infraestrutura S.A. Summarized statement of comprehensive (loss)/income for the reporting period Three months ended ​ March 31, ​ March 31, ​ 2024 ​ 2023 ​ $’000 $’000 ​ ​ ​ ​ Revenue 20,249 ​ 16,442 Loss for the period (7,227) ​ (4,257) Other comprehensive (loss)/income (14,276) ​ 10,329 Total comprehensive (loss)/income (21,503) ​ 6,072 ​ ​ ​ ​ Loss allocated to non-controlling interest during the period (3,541) ​ (2,086) ​ ​ ​ ​ ​ I-Systems Soluções de Infraestrutura S.A. Summarized statement of cash flows for the reporting period Three months ended ​ March 31, ​ March 31, ​ 2024 ​ 2023 ​ $’000 $’000 ​ ​ ​ ​ Cash flows generated from/(used in) operating activities 11,802 ​ (1,325) Cash flows used in investing activities (18,724) ​ (23,266) Cash flows (used in)/generated from financing activities (150) ​ 37,394 Net (decrease)/increase in cash and cash equivalents (7,072) ​ 12,803 ​

Share-based payment obligation

Share-based payment obligation	3 Months Ended
	Mar. 31, 2024
Share-based payment obligation
Share-based payment obligation	24. The total charge to the condensed consolidated statement of (loss)/income and other comprehensive income for the three months ended March 31, 2024, was $3.2 million (three months ended March 31, 2023: $3.3 million). There have been no new options awarded as part of the existing Omnibus employee share-based payment plan in the three month period ended March 31, 2024. March 2024 Valuation assumptions - Omnibus employee share-based payment scheme The Omnibus options issued were valued at $49.9 million at issue using a share price assumption within a range of $5.27 - $11.55 depending on the grant date. The fair value of the RSUs and PSUs with non-market conditions determined using share price at grant date amounted to $22.7 million and $19.0 million respectively while the fair value of the PSUs with market conditions determined using the Monte Carlo model amounted to $8.2 million. At March 31, 2024, a forfeiture rate of 7% was assumed resulting in an expected charge over the remaining term of the options of $12.5 million. Volatility within a range of 35.9% to 50.91% was determined by calculating the observed historical volatilities over the end of the performance period of the grants. No dividend was taken into account in performing the valuation since IHS Holding Limited has never paid dividends and no dividends are planned to be paid in the near future. ​

Cash from operations

Cash from operations	3 Months Ended
	Mar. 31, 2024
Cash from operations
Cash from operations	25. ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, ​ March 31, ​ ​ 2024 ​ 2023* ​ $’000 $’000 ​ ​ ​ ​ ​ Reconciliation: ​ ​ ​ ​ (Loss)/income before taxation ​ (1,559,314) ​ 22,993 Adjustments ​ ​ Depreciation of property, plant and equipment (note 6 and 7) ​ 76,566 ​ 106,314 Amortization of intangible assets (note 6 and 7) ​ 11,000 ​ 12,642 Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent (note 6) ​ 3,060 ​ 4,146 Impairment of goodwill (note 7) ​ 87,894 ​ — Loss allowance on trade receivables (note 8) ​ 4,560 ​ 3,560 Impairment of withholding tax receivables (note 7) ​ 8,216 ​ 11,255 Amortization of prepaid site rent ​ 2,602 ​ 2,705 Net gain on disposal of plant, property and equipment (note 7) ​ (373) ​ (734) Insurance claim income ​ (10) ​ (145) Finance income (note 9) ​ (10,806) ​ (6,828) Finance costs (note 10) ​ 1,563,028 ​ 179,008 Share‑based payment expense (note 7) ​ 3,181 ​ 3,289 Operating income before working capital changes ​ 189,604 ​ 338,205 ​ ​ ​ ​ ​ Changes in working capital ​ ​ (Increase)/decrease in inventory ​ (11,444) ​ 7,910 Increase in trade and other receivables ​ (75,251) ​ (88,242) Decrease in trade and other payables ​ (9,925) ​ (6,014) Net movement in working capital ​ (96,620) ​ (86,346) ​ ​ ​ ​ ​ Cash from operations ​ 92,984 ​ 251,859 *Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022 .

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2024
Business Combinations
Business Combinations	26. For acquisitions that meet the definition of a business combination, with the exception of the additional stages of the Kuwait Acquisition which are accounted for as assets acquisition, the Group applies the acquisition accounting method where assets acquired and liabilities assumed are recorded at fair value at the date of each acquisition, and the results of operations are included with those of the Group from the dates of the respective acquisitions. The Group completed one additional stage of the Kuwait Acquisition in 2023. There were no acquisitions during the three-month period ended March 31, 2024. IHS Kuwait Limited In the 2020 financial year IHS GCC KW Holding Limited (‘IHS GCC KW’), a subsidiary of IHS Holding Limited completed the first two stages of the acquisition of 1,620 towers from Mobile Telecommunications Company K.S.C.P. (‘Zain Kuwait’) comprising 1,162 towers. During April 2021, October 2021, September 2022 and August 2023 IHS GCC KW completed the third, fourth, fifth and sixth stages of the acquisition of 1,620 towers from Zain Kuwait comprising 67, 126, 43 and 101 towers respectively. As part of the transaction, some towers that we have not purchased are managed and operated under a Managed Services agreement, and currently comprise approximately 121 towers. IHS GCC KW transferred the purchase right to IHS Kuwait Limited for the Construction, Erection and Maintenance of Wired and Wireless Communication and Radar Towers and Stations with Limited Liability (‘IHS Kuwait’) who operates the towers as a standalone business. As part of the agreement, IHS Kuwait also assumed existing supplier contracts and land leases, allowing it to apply the Group business processes and deliver services immediately after the assignment of the towers. As part of the agreement, Zain Kuwait subscribed for shares in IHS GCC KW representing 30% of the share capital of IHS GCC KW by issuing a loan note to IHS GCC KW. The acquisition is consistent with the Group’s strategy to expand in selected geographic areas. The following table summarizes the consideration paid and the fair value of assets and liabilities acquired at the acquisition date of the 101 towers acquired in 2023 and the amounts of revenue and income/(loss) of the acquiree since the acquisition date included in the condensed consolidated statement of (loss)/income and other comprehensive income. ​ ​ ​ ​ 2023 ​ $’000 ​ ​ Gross consideration 6,408 Less: consideration received in exchange for a retained 30% interest (by Zain Kuwait) in IHS GCC KW (1,922) Net cash consideration for 70% controlling interest in the acquired towers 4,486 ​ ​ Identifiable assets acquired and liabilities assumed: Towers and tower equipment 5,576 Customer-related assets 2,224 Network-related assets 766 Trade and other payables (2,158) Total identifiable net assets acquired (at 100% ) 6,408 ​ ​ Goodwill — ​ ​ Non-controlling interest portion of above at 30% 1,922 ​ ​ Revenue - post-acquisition n.a. Income/(loss) - post-acquisition n.a. ​

Capital commitments and conting

Capital commitments and contingent liabilities	3 Months Ended
	Mar. 31, 2024
Capital commitments and contingent liabilities
Capital commitments and contingent liabilities	27. 27.1 The Group was committed to the purchase of property, plant and equipment of approximately $127.3 million at March 31, 2024 (December 31, 2023: $162.9 million). 27.2 The Group has contingent liabilities in respect of legal claims arising in the ordinary course of business. The Group reviews these matters in consultation with internal and external legal counsel to make a determination on a case-by-case basis whether a loss from each of these matters is probable, possible or remote. The Group’s contingent liabilities in respect of litigations and claims amounted to $12.7 million at the end of the reporting period (December 31, 2023: $11.9 million). Based on legal advice received, claims against the Group are not considered probable, thus no provisions have been made in these financial statements. In the ordinary course of business, the Group is subject to regular tax reviews. A number of tax disputes have been raised in multiple jurisdictions, some of which are ongoing, including in Nigeria. The Group exercises judgment and makes estimates to determine whether to recognize provisions and makes disclosures for contingent liabilities, where considered necessary. In respect of the ongoing tax disputes, the Group is vigorously defending its position and believes that no present obligation has been established. The Group has made a provision for uncertain tax positions and believes that the probable quantum of potential future cash outflows in relation to these tax disputes is unlikely to exceed the amount provided in this regard.

Events after the reporting peri

Events after the reporting period	3 Months Ended
	Mar. 31, 2024
Events after the reporting period
Events after the reporting period	28. Events after the reporting period (a) IHS Holding 2022 Term Loan In April 2024, $60.0 million in available commitments were drawn down under this loan agreement. As of May 10, 2024, IHS Holding 2022 Term Loan has been fully drawn down in an amount of $430.0 million. (b) Nigeria (2023) Revolving Credit Facility As of May 10, 2024, NGN 27.8 billion (approximately $19.9 million) has been drawn down under this facility. (c) IHS South Africa Overdraft As of May 10, 2024, ZAR 128.5 million (approximately $6.8 million) has been utilized under this facility. (d) Peru Share Purchase Agreement On April 30, 2024, we completed the sale of our subsidiary in Peru, IHS Peru S.A.C., to the affiliates of SBA Communications Corporation. These assets classified as held for sale will be derecognized in the three months ending June 30, 2024. (e) Omnibus employee share-based payment scheme In May 2024, a total of 6,339,851 options were awarded as part of the existing Omnibus employee share-based payment plan. The plan will be deemed equity settled and comprise of: ● Restricted stock units, which do not include performance conditions and vest in three equal portions in March 2025, 2026 and 2027. ● Performance stock units (“PSU”), with an Adjusted Levered Free Cash Flow target and a cumulative total shareholder return target. Adjusted Levered Free Cash flow target is a non-market-based performance condition, assessed annually over a three-year period. A cumulative total shareholder return target is market-based, will be valued based on a Monte Carlo model for a three-year performance period, an approach that is commonly used for IFRS 2 valuations. The PSUs include a vesting period which is 3 years up to March, 2027. (f) MTN South Africa Power-as-a-Service (“PaaS”) In May 2024, we signed an agreement with MTN South Africa to unwind the power managed services agreement previously entered into with them in 2022. The terms of the agreement provide that, once customary closing conditions precedent have been satisfied, the previously executed power managed services arrangement will be terminated, MTN will buy back power assets, and certain related amendments to our master lease agreement (including a 2-year (g) Naira upstreaming Between the end of the reporting period and up to May 10, 2024, NGN 77.9 billion (approximately $61.0 million) has been upstreamed from Nigeria. ​

Significant accounting polici_2

Significant accounting policies (Policies)	3 Months Ended
	Mar. 31, 2024
Significant accounting policies
Basis of preparation	2.1 The financial statements for the three months ended March 31, 2024, have been prepared in accordance with International Accounting Standard 34, ‘Interim Financial Reporting’ (IAS 34), as issued by the International Accounting Standards Board (IASB). The financial statements do not amount to full financial statements and do not include all of the information and disclosures required for full annual financial statements. It should be read in conjunction with the consolidated annual financial statements of the Group for the year ended December 31, 2023, which have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the IASB, as noted within note 2.1 of the consolidated annual financial statements. In management’s opinion, the accompanying financial statements contain all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of its financial position as of March 31, 2024, and its results of operations for the three months ended March 31, 2024, and 2023, cash flows for the three months ended March 31, 2024, and 2023, and statement of changes in equity for the three months ended March 31, 2024, and 2023. Certain amounts in the prior periods have been reclassified to conform to the current year presentation. The condensed consolidated statement of financial position as of December 31, 2023, was derived from audited annual financial statements but does not contain all of the footnote disclosures from the annual financial statements.
Approval	2.2 These condensed consolidated interim financial statements were authorized and approved for issue on May 13, 2024.
Income tax	2.3 Taxes on income in the interim periods are accrued using the tax rate that would be applicable to expected total annual income or loss.
Changes in accounting policies and disclosures	2.4 The accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period, except the new standards, amendments and interpretations adopted by the Group during the period. (a) New standards, amendments and interpretations adopted by the Group The Group has applied the following standards and amendments for its reporting period commencing January 1, 2024: ● Classification of Liabilities as Current or Non-current - Deferral of Effective Date (Amendment to IAS 1) ● Non-current Liabilities with Covenants Amendments to IAS 1 ● Lease Liability in a Sale and Leaseback Amendments to IFRS 16 ● Supplier finance arrangements - Amendments to IAS 7 and IFRS 7 ● International Tax Reform - Pillar Two Model Rules - Amendments to IAS 12 The amendments to standards listed above did not have any material impact on the Group’s interim financial statements except for Pillar Two Model Rules. Refer to note 11 for further details on the Pillar Two Model rules impact. (b) New standards, amendments and interpretations not yet adopted by the Group Certain new accounting standards, interpretations and amendments have been published through March 31, 2024, that are not yet effective and have not been early adopted by the Group. They are: ● Lack of Exchangeability (Amendments to IAS 21) The Company is in the process of analyzing the impact of the amendments to IAS 21.
Segment reporting	2.5 Operating segments are components of IHS’ business activities about which separate financial statements are available and reported internally to the chief operating decision maker. The Group’s Executive Committee has been identified as the chief operating decision maker, responsible for allocating resources and assessing performance of the operating segments. The Group’s Executive Committee currently consists of the Chief Executive Officer (“CEO”), the Chief Operating Officer (“COO”), the Chief Financial Officer (“CFO”), the General Counsel, the IHS Nigeria CEO, the Chief Human Resource Officer and the Executive Vice President of Communications. Where operating segments share similar characteristics, they have been aggregated into reportable segments, of which the Group has identified four: Nigeria, Sub-Saharan Africa (“SSA”), Middle East and North Africa (“MENA”) and Latin America (“Latam”).

Capital risk management (Tables

Capital risk management (Tables)	3 Months Ended
	Mar. 31, 2024
Capital risk management
Schedule of financial instruments measured at fair value	​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 Level 1 Level 2 Total ​ ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ Fair value through other comprehensive income financial assets ​ 9 ​ — ​ 9 Interest rate caps (note 15) ​ — ​ 527 ​ 527 Embedded options within listed bonds (note 15) ​ — ​ 8,180 ​ 8,180 Foreign exchange swaps (note 15) ​ — ​ (40,655) ​ (40,655) ​ ​ 9 ​ (31,948) ​ (31,939) ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 Level 1 Level 2 Total ​ ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ Fair value through other comprehensive income financial assets ​ 13 ​ — ​ 13 Interest rate caps (note 15) ​ — ​ 565 ​ 565 Embedded options within listed bonds (note 15) ​ — ​ 1,540 ​ 1,540 Foreign exchange swaps (note 15) ​ — ​ (68,133) ​ (68,133) ​ ​ 13 ​ (66,028) ​ (66,015)
Schedule of fair value estimation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At March 31, 2024 ​ At December 31, 2023 ​ ​ Carrying ​ Fair ​ Carrying ​ Fair ​ Value Value Value Value ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Bank and bond borrowings (note 18) 3,468,341 ​ 3,297,434 3,510,847 3,224,775 ​ 3,468,341 3,297,434 3,510,847 3,224,775

Segment reporting (Tables)

Segment reporting (Tables)	3 Months Ended
	Mar. 31, 2024
Segment reporting
Schedule of summarized financial information	Summarized financial information for the three months ended March 31, 2024, is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 Nigeria SSA Latam MENA Total ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues from external customers ​ 227,734 ​ 131,315 ​ 47,773 ​ 10,922 ​ 417,744 Segment Adjusted EBITDA ​ 102,869 ​ 69,652 ​ 33,845 ​ 6,072 ​ 212,438 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reconciliation of information on reportable segments to the amounts reported in the financial statements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment Adjusted EBITDA ​ ​ ​ ​ ​ ​ ​ ​ ​ 212,438 Finance costs (note 10) ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,563,028) Impairment of goodwill (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ (87,894) Depreciation and amortization (note 6 and 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ (87,566) Impairment of withholding tax receivables (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ (8,216) Share‑based payment expense (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ (3,181) Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent (note 6) ​ ​ ​ ​ ​ ​ ​ ​ ​ (3,060) Other costs (a) ​ ​ ​ ​ ​ ​ ​ ​ ​ (2,485) Business combination costs (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ (232) Insurance claims ​ ​ ​ ​ ​ ​ ​ ​ ​ 10 Net gain on disposal of property, plant and equipment (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ 373 Finance income (note 9) ​ ​ ​ ​ ​ ​ ​ ​ ​ 10,806 Unallocated corporate expenses (b) ​ ​ ​ ​ ​ ​ ​ ​ ​ (27,279) Loss before income tax ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,559,314) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additions of property, plant and equipment, right of use assets and intangible assets: ​ ​ ​ ​ ​ - through business combinations ​ — ​ — ​ — ​ — ​ ​ - in the normal course of business ​ 21,113 ​ 7,391 ​ 44,256 ​ 824 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment assets (at March 31, 2024) ​ 890,799 ​ 1,352,030 ​ 2,036,385 ​ 177,858 ​ ​ Segment liabilities (at March 31, 2024) ​ 394,252 ​ 846,260 ​ 732,871 ​ 105,508 ​ ​ (a) Other costs for the three months ended March 31, 2024, included one-off consulting fees related to corporate structures and operating systems of $1.9 million and costs related to internal reorganization of $0.5 million . (b) Unallocated corporate expenses primarily consist of costs associated with centralized Group functions including Group executive, legal, finance, tax and treasury services. Summarized financial information for the three months ended March 31, 2023, is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 Nigeria SSA Latam MENA Total ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues from external customers ​ 424,978 ​ 122,160 ​ 45,649 ​ 9,741 ​ 602,528 Segment Adjusted EBITDA* ​ 271,879 ​ 65,481 ​ 31,172 ​ 3,666 ​ 372,198 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reconciliation of information on reportable segments to the amounts reported in the financial statements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment Adjusted EBITDA* ​ ​ ​ ​ ​ ​ ​ ​ ​ 372,198 Finance costs (note 10)* ​ ​ ​ ​ ​ ​ ​ ​ ​ (179,008) Depreciation and amortization (note 6 and 7)* ​ ​ ​ ​ ​ ​ ​ ​ ​ (118,956) Impairment of withholding tax receivables (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ (11,255) Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent (note 6) ​ ​ ​ ​ ​ ​ ​ ​ ​ (4,146) Share‑based payment expense (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ (3,289) Other costs (a) ​ ​ ​ ​ ​ ​ ​ ​ ​ (2,175) Business combination costs (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,459) Other non-operating income ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 Insurance claims ​ ​ ​ ​ ​ ​ ​ ​ ​ 145 Net gain on disposal of property, plant and equipment (note 7) ​ ​ ​ ​ ​ ​ ​ ​ ​ 734 Finance income (note 9) ​ ​ ​ ​ ​ ​ ​ ​ ​ 6,828 Unallocated corporate expenses (b) ​ ​ ​ ​ ​ ​ ​ ​ ​ (36,654) Income before income tax ​ ​ ​ ​ ​ ​ ​ ​ ​ 22,993 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additions of property, plant and equipment, right of use assets and intangible assets: ​ ​ ​ ​ ​ - through business combinations ​ — ​ — ​ — ​ — ​ ​ - in the normal course of business ​ 80,087 ​ 27,771 ​ 42,926 ​ 3,327 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment assets (at March 31, 2023)* ​ 2,397,464 ​ 1,583,787 ​ 2,021,888 ​ 177,168 ​ ​ Segment liabilities (at March 31, 2023)* ​ 1,044,816 ​ 889,326 ​ 608,734 ​ 110,048 ​ ​ *Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022. (a) Other costs for the three months ended March 31, 2023, included one off consulting fees related to corporate structures and operating systems of $1.6 million and non-recurring professional fees related to financing of $0.2 million. (b) Unallocated corporate expenses primarily consist of costs associated with centralized Group functions including Group executive, legal, finance, tax and treasury services.
Schedule of revenue from tier one customers	​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ ​ March 31, ​ March 31, ​ ​ 2024 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer A ​ 60 % 56 % Customer B ​ 16 % 17 % ​

Cost of sales (Tables)

Cost of sales (Tables)	3 Months Ended
	Mar. 31, 2024
Cost of sales [abstract]
Schedule of cost of sales	​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, ​ March 31, ​ 2024 2023* ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Power generation ​ 88,820 ​ 115,290 Depreciation (note 13) (a) ​ 73,771 ​ 103,615 Tower repairs and maintenance ​ 15,579 ​ 27,864 Amortization (note 14) ​ 9,963 ​ 11,254 Security services ​ 7,839 ​ 12,798 Site regulatory permits ​ 7,565 ​ 10,960 Staff costs ​ 6,890 ​ 9,790 Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent ​ 3,060 ​ 4,146 Short-term rental ​ 2,594 ​ 3,583 Travel costs ​ 1,675 ​ 3,480 Insurance ​ 1,191 ​ 1,307 Vehicle maintenance and repairs ​ 438 ​ 563 Professional fees ​ 402 ​ 541 Other (b) ​ 34,503 ​ 1,458 ​ ​ 254,290 ​ 306,649 *Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022. (a) Presented net of related indirect tax receivable in Brazil of $0.4 million in 2024. Refer to note 13. (b) Included in “Other” for the three months ended March 31, 2024, are $32.1 million in foreign exchange losses on cost of sales (three months ended March 31, 2023: foreign exchange gains on cost of sales of $0.3 million).

Administrative expenses (Tables

Administrative expenses (Tables)	3 Months Ended
	Mar. 31, 2024
Administrative expenses.
Schedule of administrative expenses	​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, ​ March 31, ​ 2024 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Impairment of goodwill (note 14) ​ 87,894 ​ — Staff costs ​ 30,068 ​ 37,830 Professional fees ​ 12,550 ​ 13,661 Facilities, short-term rental and upkeep ​ 8,430 ​ 11,155 Impairment of withholding tax receivables (a) ​ 8,216 ​ 11,255 Key management compensation ​ 4,011 ​ 4,207 Share‑based payment expense (note 24) ​ 3,181 ​ 3,289 Travel costs ​ 2,883 ​ 3,144 Depreciation (note 13) ​ 2,795 ​ 2,699 Amortization (note 14) ​ 1,037 ​ 1,388 Operating taxes ​ 449 ​ 80 Business combination costs ​ 232 ​ 1,459 Net gain on disposal of property, plant and equipment ​ (373) ​ (734) Other ​ 5,323 ​ 7,888 ​ ​ 166,696 ​ 97,321 (a) Withholding tax receivables were impaired following the Group’s assessment of the recoverability of withholding tax assets based on a five-year cash flow projection and an analysis of the utilization of withholding tax balances against future income tax liabilities.

Finance income (Tables)

Finance income (Tables)	3 Months Ended
	Mar. 31, 2024
Finance income.
Schedule of finance income	​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ March 31, March 31, ​ 2024 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value gain on embedded options and interest rate caps ​ 6,825 ​ — Interest income - bank deposits 3,981 6,498 Net foreign exchange gain arising from derivative instruments - unrealized — 330 ​ 10,806 6,828 ​

Finance costs (Tables)

Finance costs (Tables)	3 Months Ended
	Mar. 31, 2024
Finance costs.
Schedule of finance costs	​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ March 31, March 31, ​ 2024 2023* ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Net foreign exchange loss arising from financing - unrealized 1,373,739 26,707 Interest expenses - third party loans 93,290 84,578 Net foreign exchange loss arising from financing - realized 27,788 45,413 Net foreign exchange loss on derivative instruments - unrealized 24,962 — Net foreign exchange loss on derivative instruments - realized 20,371 — Interest and finance charges paid/payable for lease liabilities 15,718 14,895 Fees on loans and financial derivatives 4,861 3,443 Unwinding of discount on decommissioning liability 2,299 2,261 Fair value loss on embedded options and interest rate caps — 1,711 ​ 1,563,028 179,008 *Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022 .

Taxation (Tables)

Taxation (Tables)	3 Months Ended
	Mar. 31, 2024
Taxation
Schedule of income tax expense	​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ March 31, March 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Current taxes 4,630 35,308 Deferred income taxes (6,694) (20,090) Total taxes (2,064) 15,218

Loss_(income) per share (Tables

Loss/(income) per share (Tables)	3 Months Ended
	Mar. 31, 2024
Loss/(income) per share
Schedule of basic and diluted net income/(loss) per common share	​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, ​ March 31, ​ 2024 2023* ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Loss)/income attributable to equity holders ($’000) ​ (1,557,250) ​ 7,775 Less: allocation of loss to non‑controlling interest ($’000) (3,922) (2,806) (Loss)/income attributable to IHS common shareholders ($’000) (1,553,328) 10,581 ​ ​ ​ ​ ​ Basic weighted average shares outstanding (‘000) 332,626 331,986 Potentially dilutive securities (‘000) 656 3,144 Potentially dilutive weighted average common shares outstanding (‘000) 333,282 335,130 ​ ​ ​ ​ ​ (Loss)/income per share: Basic (loss)/income per share ($) (4.67) 0.03 Diluted (loss)/income per share ($) (4.67) 0.03 *Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Property, plant and equipment (

Property, plant and equipment (Tables)	3 Months Ended
	Mar. 31, 2024
Property, plant and equipment.
Schedule of property, plant and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (excluding ​ ​ ​ ​ Towers ​ ​ ​ Land ​ Furniture ​ ​ ​ Capital ​ Right of ​ ​ ​ ​ and tower ​ Fiber ​ and ​ and office ​ Motor ​ work in ​ use ​ Right of ​ ​ equipment ​ assets ​ buildings ​ equipment ​ vehicles ​ progress ​ asset) ​ use assets ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At January 1, 2023 2,961,567 364,182 63,586 32,308 27,277 287,158 3,736,078 1,165,180 Additions during the year (a) 64,165 32,293 3,017 3,775 4,481 351,362 459,093 123,281 Additions through business combinations (note 26) (b) 5,576 — — — — — 5,576 — Reclassification 208,363 81,929 5,210 (2,300) 337 (293,539) — — Transfer from advance payments 67,978 2,529 2,164 — — 16,643 89,314 — Disposals (c) (122,022) (35,575) — (1,743) (2,216) — (161,556) (52,271) Effects of movement in exchange rates (880,175) 3,431 (34,697) (7,589) (10,497) (148,759) (1,078,286) (117,853) Reclassified to assets held for sale (e) ​ (111,551) — — (52) — (127) (111,730) (1,347) At December 31, 2023 2,193,901 448,789 39,280 24,399 19,382 212,738 2,938,489 1,116,990 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At January 1, 2024 2,193,901 448,789 39,280 24,399 19,382 212,738 2,938,489 1,116,990 Additions during the period (a) 10,620 ​ 276 ​ 776 ​ 137 ​ 270 ​ 32,021 44,100 24,843 Reclassification 27,972 ​ 562 ​ — ​ 157 ​ — ​ (28,691) — — Transfer from advance payments 5,236 ​ 3,159 ​ 71 ​ — ​ — ​ 398 8,864 — Disposals (c) (2,370) ​ (11) ​ — ​ (165) ​ (248) ​ — (2,794) (10,717) Effects of movement in exchange rates (354,378) ​ (29,271) ​ (11,697) ​ (2,971) ​ (3,973) ​ (49,721) (452,011) (77,176) At March 31, 2024 1,880,981 423,504 28,430 21,557 15,431 166,745 2,536,648 1,053,940 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation and impairment At January 1, 2023 1,561,326 59,032 1,833 21,437 17,009 — 1,660,637 200,161 Charge for the year (d) 216,776 65,246 358 4,173 4,017 — 290,570 95,895 Impairment (e) 85,567 464 — — — — 86,031 1,663 Disposals (c) (120,503) (34,506) — (1,723) (2,141) — (158,873) (23,920) Effects of movement in exchange rates (587,037) 6,143 (958) (4,826) (6,135) — (592,813) (43,018) Reclassified to assets held for sale (e) ​ (87,290) — — (8) — — (87,298) (700) At December 31, 2023 1,068,839 96,379 1,233 19,053 12,750 — 1,198,254 230,081 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At January 1, 2024 1,068,839 96,379 1,233 19,053 12,750 — 1,198,254 230,081 Charge for the period (d) 35,713 ​ 16,716 ​ 57 ​ 1,244 ​ 644 ​ — 54,374 22,562 Impairment (e) 1,793 ​ — ​ — ​ 38 ​ — ​ — 1,831 343 Disposals (c) (1,249) ​ (6) ​ — ​ (131) ​ (248) ​ — (1,634) (4,434) Effects of movement in exchange rates (221,824) ​ (5,340) ​ (360) ​ (2,534) ​ (2,358) ​ — (232,416) (21,057) At March 31, 2024 883,272 107,749 930 17,670 10,788 — 1,020,409 227,495 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net book value At December 31, 2023 1,125,062 352,410 38,047 5,346 6,632 212,738 1,740,235 886,909 At March 31, 2024 997,709 315,755 27,500 3,887 4,643 166,745 1,516,239 826,445 (a) Includes net movements in assets relating to the decommissioning and site restoration provision. (b) Includes subsequent asset acquisitions on business combination transactions. (c) The disposals value of right of use assets represents disposals due to terminated leases and the impact of remeasurement of lease assets as a result of changes in lease terms. (d) The charge for the period does not agree to the charge in the condensed consolidated statement of (loss)/income and other comprehensive income due to the indirect taxes benefit of $0.4 million in IHS Brasil Cessão de Infraestruturas S.A. claimed through depreciation over the useful life of the asset. (e) The impairment in the year ended December 31, 2023, includes $71.0 million from power equipment assets in the SSA segment being classified as assets held for sale and remeasured at fair value less costs to sell. As of March 31, 2024 a portion of the sale of these assets was concluded, with the remainder expected to be concluded within 12 months of being classified as held for sale. Assets are not depreciated while they are classified as held for sale. The impairment losses have been recognized in cost of sales in the condensed consolidated statement of (loss)/income and other comprehensive income.

Goodwill and other intangible_2

Goodwill and other intangible assets (Tables)	3 Months Ended
	Mar. 31, 2024
Disclosure of intangible assets material to entity [line items]
Summary of goodwill and intangible asset	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer ‑ Network ‑ ​ ​ ​ ​ ​ ​ ​ related ​ related ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ intangible ​ intangible ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ assets ​ assets ​ Licenses ​ Software ​ Total ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At January 1, 2023 885,639 1,031,366 175,290 30,588 29,244 2,152,127 Additions during the year — — — 3,007 12,110 15,117 Additions through business combinations (note 26) (a) — 2,224 766 — — 2,990 Disposals — (16,219) (1,758) (117) (14,928) (33,022) Effects of movement in exchange rates (134,613) (119,291) (13,619) (45) (4,670) (272,238) Reclassified to assets held for sale ​ — — — — (271) (271) At December 31, 2023 751,026 898,080 160,679 33,433 21,485 1,864,703 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At January 1, 2024 751,026 898,080 160,679 33,433 21,485 1,864,703 Additions during the period — ​ — ​ — ​ — ​ 234 234 Disposals ​ — ​ — ​ — ​ — ​ (5,400) ​ (5,400) Effects of movement in exchange rates (68,110) ​ (71,676) ​ (8,820) ​ (1,516) ​ (1,197) (151,319) At March 31, 2024 682,916 826,404 151,859 31,917 15,122 1,708,218 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated amortization and impairment At January 1, 2023 122,251 159,402 27,576 9,076 21,331 339,636 Charge for the year — 34,044 7,217 6,288 2,834 50,383 Disposals — (16,219) (1,758) (117) (13,328) (31,422) Effects of movement in exchange rates 9,477 (43,850) (7,335) 351 (4,827) (46,184) Reclassified to assets held for sale ​ — — — — (38) (38) At December 31, 2023 131,728 133,377 25,700 15,598 5,972 312,375 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At January 1, 2024 131,728 133,377 25,700 15,598 5,972 312,375 Charge for the period — ​ 7,360 ​ 1,525 ​ 1,008 ​ 1,107 11,000 Disposals ​ — ​ — ​ — ​ — ​ (5,400) ​ (5,400) Impairment charge for the year ​ 87,894 ​ — ​ — ​ 886 ​ — ​ 88,780 Effects of movement in exchange rates (4,697) ​ (19,282) ​ (3,362) ​ (534) ​ (650) (28,525) At March 31, 2024 214,925 121,455 23,863 16,958 1,029 378,230 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net book value At December 31, 2023 619,298 764,703 134,979 17,835 15,513 1,552,328 At March 31, 2024 467,991 704,949 127,996 14,959 14,093 1,329,988 (a) Includes subsequent asset acquisitions on business combination transactions.
IHS Latam Group
Disclosure of intangible assets material to entity [line items]
Schedule of scenarios that would increase the impairment charge recognised	​ ​ ​ ​ ​ ​ ​ ​ ​ 1% increase 1% decrease 15% decrease ​ ​ in post tax ​ in terminal ​ in tenancy ​ ​ discount rate ​ growth rate ​ growth ​ ​ $'000 ​ $'000 ​ $'000 March 31, 2024 ​ ​ ​ ​ ​ ​ IHS Latam Tower businesses 165,663 103,808 110,944 ​

Derivative financial instrume_2

Derivative financial instruments (Tables)	3 Months Ended
	Mar. 31, 2024
Derivative financial instruments
Schedule of contractual notional amount for the derivative instruments	​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Derivative instruments ​ ​ ​ ​ Foreign exchange swaps 125,000 125,000 Embedded options within listed bonds 1,940,000 1,940,000 ​ 2,065,000 2,065,000
Schedule of fair value of derivative instruments	​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Derivative instruments ​ ​ Foreign exchange swaps (40,655) (68,133) Interest rate caps ​ 527 ​ 565 Embedded options within listed bonds 8,180 1,540 ​ (31,948) (66,028)
Schedule of changes in fair value of derivative instruments	​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, March 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Derivative instruments Foreign exchange swaps (24,962) 330 Interest rate caps ​ 185 ​ (151) Embedded options within listed bonds 6,640 (1,560) ​ (18,137) (1,381) ​

Trade and other receivables (Ta

Trade and other receivables (Tables)	3 Months Ended
	Mar. 31, 2024
Trade and other receivables
Trade and other receivables	​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Current ​ ​ Trade receivables 258,378 233,528 Less: impairment provisions ​ (22,822) (21,205) Net trade receivables (a) 235,556 212,323 Other receivables (b) 41,789 317,452 Prepaid land rent 1,153 1,016 Other prepaid expenses 27,852 29,979 Advance payments 30,278 33,364 Withholding tax receivables 1,321 1,362 VAT receivables 13,705 12,339 ​ 351,654 607,835 Non ‑ current Accrued income and lease incentive 72,103 71,891 Other tax receivables 6,722 7,116 Payment in advance for property, plant and equipment 40,677 61,874 Contingent consideration receivable (c) ​ 6,203 ​ 6,411 ​ 125,705 147,292 (a) The fair value is equal to their carrying amount. (b) Included in other receivables are short-term fixed deposits which are not classified as cash and cash equivalents as it exceeds the three-month maturity period. Most of these deposits were withdrawn in the current period and reclassified to cash and cash equivalents. (c) Receivable on the I-Systems Soluções de Infraestrutura S.A. acquisition. The balance increased since acquisition due to foreign exchange movements.

Trade and other payables (Table

Trade and other payables (Tables)	3 Months Ended
	Mar. 31, 2024
Trade and other payables.
Schedule of trade and other payables	​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2024 ​ 2023 ​ $’000 $’000 ​ ​ ​ ​ ​ Current ​ ​ Trade payables ​ 238,594 ​ 330,622 Deferred revenue ​ 35,693 ​ 41,462 Withholding tax payable ​ 6,241 ​ 3,555 Payroll and other related statutory liabilities ​ 23,773 ​ 46,282 VAT payables ​ 29,016 ​ 37,829 Other payables ​ 77,858 ​ 72,877 ​ ​ 411,175 ​ 532,627 Non ‑ current ​ ​ Other payables ​ 5,069 ​ 4,629 ​ ​ 5,069 ​ 4,629 ​

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2024
Borrowings.
Schedule of external debt classification	​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 $’000 ​ ​ ​ ​ ​ Non ‑ current ​ ​ ​ ​ Senior Notes ​ 1,932,960 ​ 1,930,457 Bank borrowings ​ 1,352,158 ​ 1,126,239 ​ ​ 3,285,118 ​ 3,056,696 Current ​ ​ Senior Notes ​ 22,924 ​ 26,912 Bank borrowings ​ 125,354 ​ 107,110 Bank overdraft ​ 10,667 ​ 675 Letters of credit ​ 24,278 ​ 319,454 ​ ​ 183,223 ​ 454,151 ​ ​ ​ ​ ​ Total borrowings ​ 3,468,341 ​ 3,510,847
Schedule of debt by debt instrument	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maturity ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ # Currency ​ date Interest rate 2024 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Senior Notes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Holding Limited ​ ​ ​ US Dollar ​ ​ 2026 ​ ​ ​ 5.63 % ​ 506,183 ​ 498,920 IHS Holding Limited ​ ​ ​ US Dollar ​ ​ 2028 ​ ​ ​ 6.25 % ​ 506,597 ​ 498,635 IHS Netherlands Holdco B.V. ​ US Dollar ​ 2027 ​ ​ 8.00 % ​ 943,104 ​ 959,814 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank borrowings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Holding Limited ​ (a) ​ US Dollar ​ ​ 2025 ​ ​ ​ 3.75 % + CAS + 3M SOFR ​ 371,132 ​ 370,935 IHS Holding Limited ​ (b) ​ US Dollar ​ ​ 2026 ​ ​ ​ 4.50 % + 3M SOFR ​ 264,405 ​ — IHS Nigeria Limited ​ (c) ​ Nigerian Naira ​ ​ 2026 ​ ​ ​ 2.50 % + MPR; Capped at 24% ​ 11,147 ​ — INT Towers Limited ​ ​ ​ Nigerian Naira ​ ​ 2028 ​ ​ ​ 2.50 % + MPR; Capped at 24% ​ 122,835 ​ 186,302 IHS Côte d’Ivoire S.A. ​ (d) ​ CFA Franc ​ ​ 2028 ​ ​ ​ 6.50 % ​ 11,130 ​ — IHS Côte d’Ivoire S.A. ​ (d) ​ Euro ​ ​ 2028 ​ ​ ​ 3.50 % + 3M EURIBOR ​ 59,302 ​ — IHS Côte d’Ivoire S.A. ​ ​ ​ CFA Franc ​ ​ 2024 ​ ​ ​ 5.00 % ​ — ​ 6,570 IHS Côte d’Ivoire S.A. ​ ​ ​ Euro ​ ​ 2024 ​ ​ ​ 3.00 % + 3M EURIBOR ​ — ​ 4,841 IHS Zambia Limited ​ ​ ​ US Dollar ​ ​ 2027 ​ ​ ​ 5.00 % + CAS + 3M SOFR ​ 76,454 ​ 81,297 IHS Brasil - Cessão de Infraestruturas S.A. ​ ​ ​ Brazilian Real ​ ​ 2031 ​ ​ ​ 3.10 % + CDI ​ 238,464 ​ 252,341 I-Systems Soluções de Infraestrutura S.A. ​ ​ ​ Brazilian Real ​ ​ 2030 ​ ​ ​ 2.45 - 2.50% + CDI ​ 84,274 ​ 84,305 IHS Kuwait Limited ​ ​ ​ Kuwait Dinar ​ ​ 2029 ​ ​ ​ 2.00 % + CBK Discount Rate ​ 59,376 ​ 61,354 IHS Towers South Africa Proprietary Limited ​ ​ ​ South African Rand ​ ​ 2029 ​ ​ ​ 2.75 % + 3M JIBAR ​ 178,993 ​ 185,404 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank overdraft ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Towers South Africa Proprietary Limited ​ (e) ​ South African Rand ​ ​ 2024 ​ ​ ​ 11.50 % ​ 10,667 ​ 675 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Letters of credit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Nigeria Limited ​ ​ ​ US Dollar ​ ​ 2024 ​ ​ ​ 12.00 - 15.55% ​ 5,762 ​ 98,918 INT Towers Limited ​ ​ ​ US Dollar ​ ​ 2024 ​ ​ ​ 12.00 - 15.75% ​ 17,546 ​ 219,418 IHS Towers NG Limited ​ ​ ​ US Dollar ​ ​ 2024 ​ ​ ​ 15.49 % ​ — ​ 23 Global Independent Connect Limited ​ US Dollar ​ 2024 ​ ​ 13.25 - 15.25% ​ 970 ​ 1,095 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,468,341 ​ 3,510,847

Lease liabilities (Tables)

Lease liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
Lease liabilities.
Schedule of current and non current lease liabilities	​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Current ​ 89,203 ​ 91,156 Non‑current 492,475 510,838 Total lease liabilities 581,678 601,994
Schedule of contractual maturities of the lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ contractual ​ Within ​ 2 ‑ 3 ​ 4 ‑ 5 ​ Over 5 ​ ​ value cash flows 1 year years years years ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease liabilities ​ 581,678 1,143,430 102,776 189,721 176,007 674,926 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease liabilities 601,994 1,181,459 101,709 193,434 180,895 705,421

Provisions for other liabilit_2

Provisions for other liabilities and charges (Tables)	3 Months Ended
	Mar. 31, 2024
Provisions for other liabilities and charges
Schedule of decommissioning and site restoration provision	​ ​ ​ ​ ​ ​ Decommissioning and site restoration provision March 31, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ At January 1 ​ 86,408 ​ 85,016 Decrease in provisions ​ (4,478) ​ (505) Payments for tower and tower equipment decommissioning ​ (5) ​ (343) Unwinding of discount ​ 2,299 ​ 9,156 Effects of movement in exchange rates ​ (3,955) ​ (6,916) At end of period/year ​ 80,269 ​ 86,408 ​ ​ ​ ​ ​ Analysis of total decommissioning and site restoration provisions: ​ ​ Non‑current ​ 80,086 ​ 86,131 Current ​ 183 ​ 277 ​ ​ 80,269 ​ 86,408

Stated capital (Tables)

Stated capital (Tables)	3 Months Ended
	Mar. 31, 2024
Stated capital
Schedule of stated capital	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ordinary Shares ​ ​ ​ Share capital ​ Share premium ​ ​ Number of ​ ​ ​ net of ​ ​ ​ net of ​ ​ shares ​ Share capital ​ issue costs ​ Share Premium ​ issue costs ​ 000’s ​ $’000 ​ $’000 $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2023 332,519 ​ 100,311 ​ 99,756 5,324,525 ​ 5,295,056 Shares issued on exercise of options ​ 349 ​ 105 ​ 105 ​ 2,773 ​ 2,773 At March 31, 2024 332,868 ​ 100,416 ​ 99,861 5,327,298 ​ 5,297,829 ​

Other reserves (Tables)

Other reserves (Tables)	3 Months Ended
	Mar. 31, 2024
Other reserves.
Schedule of other reserves	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value ​ ​ ​ ​ ​ ​ ​ through ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ other ​ ​ ​ Share ‑ ​ Loss on ​ Foreign ​ ​ ​ ​ comprehensive ​ ​ ​ based ​ transaction ​ exchange ​ ​ ​ ​ income ​ Restructuring ​ payment ​ between ​ translation ​ ​ ​ ​ reserve ​ reserve ​ reserve ​ owners ​ reserve ​ Total ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At January 1, 2023 ​ (3) ​ 4,019 ​ 98,817 ​ (840,359) ​ (123,745) ​ (861,271) Other comprehensive income ​ 12 ​ — ​ — ​ — ​ 950,843 ​ 950,855 Options converted to shares ​ — ​ — ​ (92,896) ​ — ​ — ​ (92,896) Recognition of share‑based payment expense ​ — ​ — ​ 13,168 ​ — ​ — ​ 13,168 Other reclassifications related to share-based payment ​ — ​ — ​ (1,426) ​ — ​ — ​ (1,426) At December 31, 2023 ​ 9 ​ 4,019 ​ 17,663 ​ (840,359) ​ 827,098 ​ 8,430 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At January 1, 2024 ​ 9 ​ 4,019 ​ 17,663 ​ (840,359) ​ 827,098 ​ 8,430 Other comprehensive income ​ 1 ​ — ​ — ​ — ​ 1,050,192 ​ 1,050,193 Options converted to shares ​ — ​ — ​ (2,878) ​ — ​ — ​ (2,878) Recognition of share‑based payment expense ​ — ​ — ​ 3,255 ​ — ​ — ​ 3,255 At March 31, 2024 ​ 10 ​ 4,019 ​ 18,040 ​ (840,359) ​ 1,877,290 ​ 1,059,000 ​

Non-controlling interest (Table

Non-controlling interest (Tables)	3 Months Ended
	Mar. 31, 2024
Non-controlling interest.
Schedule of non controlling interests	​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, March 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Balance at January 1 ​ 237,506 227,200 Loss for the period ​ (3,922) (2,806) Other comprehensive (loss)/income ​ (6,673) 5,202 Balance at March 31 ​ 226,911 229,596
Schedule of summarized financial information of subsidiary	​ ​ ​ ​ ​ ​ I-Systems Soluções de Infraestrutura S.A. Summarized statement of financial position March 31, ​ December 31, ​ 2024 ​ 2023 ​ $’000 $’000 ​ ​ ​ ​ Current assets 41,201 ​ 83,274 Current liabilities (52,102) ​ (53,797) Current net assets (10,901) ​ 29,477 ​ ​ ​ ​ Non-current assets 540,133 ​ 527,592 Non-current liabilities (108,346) ​ (114,681) Non-current net assets 431,787 ​ 412,911 ​ ​ ​ ​ Net assets 420,886 ​ 442,388 ​ ​ ​ ​ Accumulated non-controlling interest at the end of the period/year 206,234 ​ 216,770 ​ ​ ​ ​ ​ I-Systems Soluções de Infraestrutura S.A. Summarized statement of comprehensive (loss)/income for the reporting period Three months ended ​ March 31, ​ March 31, ​ 2024 ​ 2023 ​ $’000 $’000 ​ ​ ​ ​ Revenue 20,249 ​ 16,442 Loss for the period (7,227) ​ (4,257) Other comprehensive (loss)/income (14,276) ​ 10,329 Total comprehensive (loss)/income (21,503) ​ 6,072 ​ ​ ​ ​ Loss allocated to non-controlling interest during the period (3,541) ​ (2,086) ​ ​ ​ ​ ​ I-Systems Soluções de Infraestrutura S.A. Summarized statement of cash flows for the reporting period Three months ended ​ March 31, ​ March 31, ​ 2024 ​ 2023 ​ $’000 $’000 ​ ​ ​ ​ Cash flows generated from/(used in) operating activities 11,802 ​ (1,325) Cash flows used in investing activities (18,724) ​ (23,266) Cash flows (used in)/generated from financing activities (150) ​ 37,394 Net (decrease)/increase in cash and cash equivalents (7,072) ​ 12,803 ​

Cash from operations (Tables)

Cash from operations (Tables)	3 Months Ended
	Mar. 31, 2024
Cash from operations
Schedule of cash flow from operations	​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, ​ March 31, ​ ​ 2024 ​ 2023* ​ $’000 $’000 ​ ​ ​ ​ ​ Reconciliation: ​ ​ ​ ​ (Loss)/income before taxation ​ (1,559,314) ​ 22,993 Adjustments ​ ​ Depreciation of property, plant and equipment (note 6 and 7) ​ 76,566 ​ 106,314 Amortization of intangible assets (note 6 and 7) ​ 11,000 ​ 12,642 Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent (note 6) ​ 3,060 ​ 4,146 Impairment of goodwill (note 7) ​ 87,894 ​ — Loss allowance on trade receivables (note 8) ​ 4,560 ​ 3,560 Impairment of withholding tax receivables (note 7) ​ 8,216 ​ 11,255 Amortization of prepaid site rent ​ 2,602 ​ 2,705 Net gain on disposal of plant, property and equipment (note 7) ​ (373) ​ (734) Insurance claim income ​ (10) ​ (145) Finance income (note 9) ​ (10,806) ​ (6,828) Finance costs (note 10) ​ 1,563,028 ​ 179,008 Share‑based payment expense (note 7) ​ 3,181 ​ 3,289 Operating income before working capital changes ​ 189,604 ​ 338,205 ​ ​ ​ ​ ​ Changes in working capital ​ ​ (Increase)/decrease in inventory ​ (11,444) ​ 7,910 Increase in trade and other receivables ​ (75,251) ​ (88,242) Decrease in trade and other payables ​ (9,925) ​ (6,014) Net movement in working capital ​ (96,620) ​ (86,346) ​ ​ ​ ​ ​ Cash from operations ​ 92,984 ​ 251,859 *Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022 .

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Mar. 31, 2024
IHS Kuwait acquisition of towers in Kuwait
Business Combinations
Disclosure of detailed information about asset acquisitions	​ ​ ​ ​ 2023 ​ $’000 ​ ​ Gross consideration 6,408 Less: consideration received in exchange for a retained 30% interest (by Zain Kuwait) in IHS GCC KW (1,922) Net cash consideration for 70% controlling interest in the acquired towers 4,486 ​ ​ Identifiable assets acquired and liabilities assumed: Towers and tower equipment 5,576 Customer-related assets 2,224 Network-related assets 766 Trade and other payables (2,158) Total identifiable net assets acquired (at 100% ) 6,408 ​ ​ Goodwill — ​ ​ Non-controlling interest portion of above at 30% 1,922 ​ ​ Revenue - post-acquisition n.a. Income/(loss) - post-acquisition n.a. ​

Summary of significant accounti

Summary of significant accounting policies (Details)	3 Months Ended
	Mar. 31, 2024 segment
Significant accounting policies
Number of reportable segments	4

Critical accounting estimates_2

Critical accounting estimates and judgements (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Critical accounting estimates and assumptions
Cash and cash equivalents	$ 333,203	$ 293,823	$ 515,589	$ 514,078

Capital risk management - Finan

Capital risk management - Financial instruments that are measured at fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	$ (31,939)	$ (66,015)
Fair value through other comprehensive income financial assets
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	9	13
Interest rate caps
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	527	565
Embedded options within listed bonds
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	8,180	1,540
Foreign exchange swaps
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	(40,655)	(68,133)
Level 1 of fair value hierarchy [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	9	13
Level 1 of fair value hierarchy [member] | Fair value through other comprehensive income financial assets
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	9	13
Level 2 of fair value hierarchy [member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	(31,948)	(66,028)
Level 2 of fair value hierarchy [member] | Interest rate caps
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	527	565
Level 2 of fair value hierarchy [member] | Embedded options within listed bonds
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	8,180	1,540
Level 2 of fair value hierarchy [member] | Foreign exchange swaps
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial instruments at fair value	$ (40,655)	$ (68,133)

Capital risk management - Fair

Capital risk management - Fair value estimation (Details) - Not measured at fair value in statement of financial position but for which fair value is disclosed [member] - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities, Carrying value	$ 3,468,341	$ 3,510,847
Fair value	3,297,434	3,224,775
Bank and bond borrowings
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities, Carrying value	3,468,341	3,510,847
Fair value	$ 3,297,434	$ 3,224,775

Segment reporting - Summarized

Segment reporting - Summarized financial information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) segment	Mar. 31, 2023 USD ($)		Dec. 31, 2023 USD ($)
Geographical information
Number of operating segments | segment	4
Number of reportable segments | segment	4
Revenues from external customers	$ 417,744	$ 602,528	[1]
Segment Adjusted EBITDA	212,438	372,198
Finance costs	(1,563,028)	(179,008)	[1]
Impairment of Goodwill	(87,894)
Depreciation and amortization	(87,566)	(118,956)
Impairment of withholding tax receivables	(8,216)	(11,255)
Share-based payment expense	(3,181)	(3,289)
Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent	(3,060)	(4,146)
Other costs	(2,485)	(2,175)
Business combination costs	(232)	(1,459)
Other income		30
Insurance claims	10	145
Net gain on disposal of property, plant and equipment	373	734
Finance income	10,806	6,828	[1]
Unallocated corporate expenses	(27,279)	(36,654)
(Loss)/income before income tax	(1,559,314)	22,993	[1]
Segment assets	4,606,140			$ 5,364,710
Segment liabilities	4,769,261			$ 5,017,356
Internal costs related to reorganization	500
Consulting fees relating to corporate structures and operating systems	1,900	1,600
Professional costs related to financing		200
Elimination of intersegment amounts
Geographical information
Revenues from external customers	0
Cost of sales [member]
Geographical information
Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent	(3,060)	(4,146)
Nigeria
Geographical information
Revenues from external customers	227,734	424,978
Segment Adjusted EBITDA	102,869	271,879
Additions of property, plant and equipment, right of use assets and intangible assets: - in the normal course of business	21,113	80,087
Segment assets	890,799	2,397,464
Segment liabilities	394,252	1,044,816
SSA
Geographical information
Revenues from external customers	131,315	122,160
Segment Adjusted EBITDA	69,652	65,481
Additions of property, plant and equipment, right of use assets and intangible assets: - in the normal course of business	7,391	27,771
Segment assets	1,352,030	1,583,787
Segment liabilities	846,260	889,326
Latam
Geographical information
Revenues from external customers	47,773	45,649
Segment Adjusted EBITDA	33,845	31,172
Additions of property, plant and equipment, right of use assets and intangible assets: - in the normal course of business	44,256	42,926
Segment assets	2,036,385	2,021,888
Segment liabilities	732,871	608,734
MENA
Geographical information
Revenues from external customers	10,922	9,741
Segment Adjusted EBITDA	6,072	3,666
Additions of property, plant and equipment, right of use assets and intangible assets: - in the normal course of business	824	3,327
Segment assets	177,858	177,168
Segment liabilities	$ 105,508	$ 110,048
[1] Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Segment reporting - Major custo

Segment reporting - Major customers (Details) - customer	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Geographical information
Number of major customers	2	2
Customer A
Geographical information
Revenue percentage	60%	56%
Customer B
Geographical information
Revenue percentage	16%	17%

Cost of sales (Details)

Cost of sales (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Expense by nature
Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent	$ 3,060	$ 4,146
Cost of sales
Expense by nature
Power generation	88,820	115,290
Depreciation	73,771	103,615
Tower repairs and maintenance	15,579	27,864
Amortization	9,963	11,254
Security services	7,839	12,798
Site regulatory permits	7,565	10,960
Staff costs	6,890	9,790
Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent	3,060	4,146
Short-term rental	2,594	3,583
Travel costs	1,675	3,480
Insurance	1,191	1,307
Vehicle maintenance and repairs	438	563
Professional fees	402	541
Other	34,503	1,458
Total	254,290	306,649
Foreign exchange gains (losses)	(32,100)	$ 300
Cost of sales | BRAZIL
Expense by nature
Indirect tax receivable	$ 400

Administrative expenses (Detail

Administrative expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Expense by nature
Impairment of Goodwill	$ 87,894
Impairment of withholding tax receivables	8,216	$ 11,255
Share-based payment expense	3,181	3,289
Business combination costs	232	1,459
Net gain on disposal of property, plant and equipment	(373)	(734)
Other	$ 2,485	2,175
Cash flow projection period for assessment of withholding tax asset recoverability	5 years
Administrative expense
Expense by nature
Impairment of Goodwill	$ 87,894
Staff costs	30,068	37,830
Professional fees	12,550	13,661
Facilities, short term rental and upkeep	8,430	11,155
Impairment of withholding tax receivables	8,216	11,255
Key management compensation	4,011	4,207
Share-based payment expense	3,181	3,289
Travel costs	2,883	3,144
Depreciation	2,795	2,699
Amortization	1,037	1,388
Operating taxes	449	80
Business combination costs	232	1,459
Net gain on disposal of property, plant and equipment	(373)	(734)
Other	5,323	7,888
Total	$ 166,696	$ 97,321

Loss allowance on trade recei_2

Loss allowance on trade receivables (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Reversal of loss Allowance/(loss allowance) on trade receivables
Impairment loss (reversal of impairment loss) on trade receivables, net	$ 4,560	$ 3,560	[1]
[1] Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Finance Income (Details)

Finance Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Finance income.
Fair value gain on embedded options and interest rate caps	$ 6,825
Interest income - bank deposits	3,981	$ 6,498
Net foreign exchange gain arising from derivative instruments - unrealized		330
Total Finance income	$ 10,806	$ 6,828	[1]
[1] Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Finance Costs (Details)

Finance Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Finance costs.
Net foreign exchange loss arising from financing - unrealized	$ 1,373,739	$ 26,707
Interest expenses - third party loans	93,290	84,578
Net foreign exchange loss arising from financing - realized	27,788	45,413
Net foreign exchange loss on derivative instruments - unrealized	24,962
Net foreign exchange loss on derivative instruments - realized	20,371
Interest and finance charges paid/payable for lease liabilities	15,718	14,895
Fees on loans and financial derivatives	4,861	3,443
Unwinding of discount on decommissioning liability	2,299	2,261
Fair value loss on embedded options and interest rate caps		1,711
Finance costs	$ 1,563,028	$ 179,008	[1]
[1] Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Taxation (Details)

Taxation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023		Dec. 31, 2023
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Current taxes	$ 4,630	$ 35,308
Deferred income taxes	(6,694)	(20,090)
Total taxes	(2,064)	$ 15,218	[1]
Deferred tax liabilities	123,342			$ 137,106
Increase (decrease) in income tax liabilities	(16,900)
Estimated current tax expense from recognition of Pillar Two taxes	5,000
IHS Latam Group
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax effect of impairment of goodwill	0
Nigeria, Nairas
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Increase (decrease) in income tax liabilities through movements in uncertain tax positions due to currency devaluation	$ (14,500)
[1] Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Loss_(income) per share (Detail

Loss/(income) per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Loss/(income) per share
Income/(loss) for the period	$ (1,557,250)	$ 7,775	[1],[2]
Non-controlling interests	(3,922)	(2,806)	[1]
(Loss)/income attributable to IHS common shareholders	$ (1,553,328)	$ 10,581
Basic weighted average shares outstanding	332,626	331,986
Potentially dilutive securities	656	3,144
Potentially dilutive weighted average common shares outstanding	333,282	335,130
Basic (loss)/income per share	$ (4.67)	$ 0.03	[1]
Diluted (loss)/income per share	$ (4.67)	$ 0.03	[1]
[1] Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022. Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022

Property, plant and equipment_2

Property, plant and equipment (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Total (excluding right-of-use assets)
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	$ 1,740,235
Ending balance	1,516,239	$ 1,740,235
Total (excluding right-of-use assets) | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	2,938,489	3,736,078
Additions during the period	44,100	459,093
Additions through business combinations		5,576
Transfer from advance payments	8,864	89,314
Disposals	(2,794)	(161,556)
Effects of movement in exchange rates	(452,011)	(1,078,286)
Reclassified to assets held for sale		(111,730)
Ending balance	2,536,648	2,938,489
Total (excluding right-of-use assets) | Accumulated depreciation and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(1,198,254)	(1,660,637)
Charge for the period	54,374	290,570
Impairment	1,831	86,031
Disposals	1,634	158,873
Effects of movement in exchange rates	232,416	592,813
Reclassified to assets held for sale		87,298
Ending balance	(1,020,409)	(1,198,254)
Towers and tower equipment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	1,125,062
Ending balance	997,709	1,125,062
Towers and tower equipment | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	2,193,901	2,961,567
Additions during the period	10,620	64,165
Additions through business combinations		5,576
Reclassification	27,972	208,363
Transfer from advance payments	5,236	67,978
Disposals	(2,370)	(122,022)
Effects of movement in exchange rates	(354,378)	(880,175)
Reclassified to assets held for sale		(111,551)
Ending balance	1,880,981	2,193,901
Towers and tower equipment | Accumulated depreciation and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(1,068,839)	(1,561,326)
Charge for the period	35,713	216,776
Impairment	1,793	85,567
Disposals	1,249	120,503
Effects of movement in exchange rates	221,824	587,037
Reclassified to assets held for sale		87,290
Ending balance	(883,272)	(1,068,839)
Fiber assets
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	352,410
Ending balance	315,755	352,410
Fiber assets | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	448,789	364,182
Additions during the period	276	32,293
Reclassification	562	81,929
Transfer from advance payments	3,159	2,529
Disposals	(11)	(35,575)
Effects of movement in exchange rates	(29,271)	3,431
Ending balance	423,504	448,789
Fiber assets | Accumulated depreciation and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(96,379)	(59,032)
Charge for the period	16,716	65,246
Impairment		464
Disposals	6	34,506
Effects of movement in exchange rates	5,340	(6,143)
Ending balance	(107,749)	(96,379)
Land and buildings
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	38,047
Ending balance	27,500	38,047
Land and buildings | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	39,280	63,586
Additions during the period	776	3,017
Reclassification		5,210
Transfer from advance payments	71	2,164
Effects of movement in exchange rates	(11,697)	(34,697)
Ending balance	28,430	39,280
Land and buildings | Accumulated depreciation and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(1,233)	(1,833)
Charge for the period	57	358
Effects of movement in exchange rates	360	958
Ending balance	(930)	(1,233)
Furniture and office equipment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	5,346
Ending balance	3,887	5,346
Furniture and office equipment | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	24,399	32,308
Additions during the period	137	3,775
Reclassification	157	(2,300)
Disposals	(165)	(1,743)
Effects of movement in exchange rates	(2,971)	(7,589)
Reclassified to assets held for sale		(52)
Ending balance	21,557	24,399
Furniture and office equipment | Accumulated depreciation and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(19,053)	(21,437)
Charge for the period	1,244	4,173
Impairment	38
Disposals	131	1,723
Effects of movement in exchange rates	2,534	4,826
Reclassified to assets held for sale		8
Ending balance	(17,670)	(19,053)
Motor vehicles
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	6,632
Ending balance	4,643	6,632
Motor vehicles | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	19,382	27,277
Additions during the period	270	4,481
Reclassification		337
Disposals	(248)	(2,216)
Effects of movement in exchange rates	(3,973)	(10,497)
Ending balance	15,431	19,382
Motor vehicles | Accumulated depreciation and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(12,750)	(17,009)
Charge for the period	644	4,017
Disposals	248	2,141
Effects of movement in exchange rates	2,358	6,135
Ending balance	(10,788)	(12,750)
Capital work in progress
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	212,738
Ending balance	166,745	212,738
Capital work in progress | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	212,738	287,158
Additions during the period	32,021	351,362
Reclassification	(28,691)	(293,539)
Transfer from advance payments	398	16,643
Effects of movement in exchange rates	(49,721)	(148,759)
Reclassified to assets held for sale		(127)
Ending balance	166,745	212,738
Right-of-use asset
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	886,909
Ending balance	826,445	886,909
Right-of-use asset | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	1,116,990	1,165,180
Additions during the period	24,843	123,281
Disposals	(10,717)	(52,271)
Effects of movement in exchange rates	(77,176)	(117,853)
Reclassified to assets held for sale		(1,347)
Ending balance	1,053,940	1,116,990
Right-of-use asset | Accumulated depreciation and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Beginning balance	(230,081)	(200,161)
Charge for the period	22,562	95,895
Impairment	343	1,663
Disposals	4,434	23,920
Effects of movement in exchange rates	21,057	43,018
Reclassified to assets held for sale		700
Ending balance	$ (227,495)	$ (230,081)

Property, plant and equipment -

Property, plant and equipment - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Disclosure of detailed information about property, plant and equipment [line items]
Borrowing costs capitalized	$ 0
Right of use assets	826,445	$ 886,909
IHS Brasil Cesso de Infraestruturas S.A.
Disclosure of detailed information about property, plant and equipment [line items]
Indirect taxes benefit	400
Towers and tower equipment
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	997,709	$ 1,125,062
Power equipment | SSA
Disclosure of detailed information about property, plant and equipment [line items]
Impairment on remeasurement to fair value less costs to sell on assets held for sale	$ (71,000)

Goodwill and other intangible_3

Goodwill and other intangible assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Goodwill and other intangible assets
Beginning balance	$ 1,552,328
Ending balance	1,329,988	$ 1,552,328
Cost
Goodwill and other intangible assets
Beginning balance	1,864,703	2,152,127
Additions during the year	234	15,117
Additions through business combinations		2,990
Disposals	(5,400)	(33,022)
Effects of movement in exchange rates	(151,319)	(272,238)
Reclassified to assets held for sale		(271)
Ending balance	1,708,218	1,864,703
Accumulated amortization and impairment
Goodwill and other intangible assets
Beginning balance	(312,375)	(339,636)
Charge for the year	11,000	50,383
Impairment charge for the year	88,780
Disposals	5,400	31,422
Effects of movement in exchange rates	28,525	46,184
Reclassified to assets held for sale	38
Ending balance	(378,230)	(312,375)
Goodwill
Goodwill and other intangible assets
Beginning balance	619,298
Ending balance	467,991	619,298
Goodwill | Cost
Goodwill and other intangible assets
Beginning balance	751,026	885,639
Effects of movement in exchange rates	(68,110)	(134,613)
Ending balance	682,916	751,026
Goodwill | Accumulated amortization and impairment
Goodwill and other intangible assets
Beginning balance	(131,728)	(122,251)
Impairment charge for the year	87,894
Effects of movement in exchange rates	4,697	(9,477)
Ending balance	(214,925)	(131,728)
Customerrelated intangible assets
Goodwill and other intangible assets
Beginning balance	764,703
Ending balance	704,949	764,703
Customerrelated intangible assets | Cost
Goodwill and other intangible assets
Beginning balance	898,080	1,031,366
Additions through business combinations		2,224
Disposals		(16,219)
Effects of movement in exchange rates	(71,676)	(119,291)
Ending balance	826,404	898,080
Customerrelated intangible assets | Accumulated amortization and impairment
Goodwill and other intangible assets
Beginning balance	(133,377)	(159,402)
Charge for the year	7,360	34,044
Disposals		16,219
Effects of movement in exchange rates	19,282	43,850
Ending balance	(121,455)	(133,377)
Network - related intangible assets
Goodwill and other intangible assets
Beginning balance	134,979
Ending balance	127,996	134,979
Network - related intangible assets | Cost
Goodwill and other intangible assets
Beginning balance	160,679	175,290
Additions through business combinations		766
Disposals		(1,758)
Effects of movement in exchange rates	(8,820)	(13,619)
Ending balance	151,859	160,679
Network - related intangible assets | Accumulated amortization and impairment
Goodwill and other intangible assets
Beginning balance	(25,700)	(27,576)
Charge for the year	1,525	7,217
Disposals		1,758
Effects of movement in exchange rates	3,362	7,335
Ending balance	(23,863)	(25,700)
Licenses
Goodwill and other intangible assets
Beginning balance	17,835
Ending balance	14,959	17,835
Licenses | Cost
Goodwill and other intangible assets
Beginning balance	33,433	30,588
Additions during the year		3,007
Disposals		(117)
Effects of movement in exchange rates	(1,516)	(45)
Ending balance	31,917	33,433
Licenses | Accumulated amortization and impairment
Goodwill and other intangible assets
Beginning balance	(15,598)	(9,076)
Charge for the year	1,008	6,288
Impairment charge for the year	886
Disposals		117
Effects of movement in exchange rates	534	(351)
Ending balance	(16,958)	(15,598)
Software
Goodwill and other intangible assets
Beginning balance	15,513
Ending balance	14,093	15,513
Software | Cost
Goodwill and other intangible assets
Beginning balance	21,485	29,244
Additions during the year	234	12,110
Disposals	(5,400)	(14,928)
Effects of movement in exchange rates	(1,197)	(4,670)
Reclassified to assets held for sale		(271)
Ending balance	15,122	21,485
Software | Accumulated amortization and impairment
Goodwill and other intangible assets
Beginning balance	(5,972)	(21,331)
Charge for the year	1,107	2,834
Disposals	5,400	13,328
Effects of movement in exchange rates	650	4,827
Reclassified to assets held for sale	38
Ending balance	$ (1,029)	$ (5,972)

Goodwill and other intangible_4

Goodwill and other intangible assets - Impairment and key assumptions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Impairment of Goodwill	$ 87,894
Discount rate	10.30%	11%
IHS Latam Group
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Impairment of Goodwill	$ 87,900

Goodwill and other intangible_5

Goodwill and other intangible assets - Latam tower businesses, scenarios that would result in impairment (Details) - IHS Latam Group $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Disclosure of information for cash-generating units [line items]
Percentage of reasonably possible increase in discount rate	1%
Percentage of reasonably possible decrease in terminal growth rate	1%
Percentage of reasonably possible decrease in tenancy growth	15%
Additional impairment with reasonably possible increase in discount rate	$ 165,663
Additional impairment with reasonably possible decrease in terminal growth rate	103,808
Additional impairment with reasonably possible decrease in tenancy growth rate	$ 110,944

Derivative financial instrume_3

Derivative financial instruments - Notional amount (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Derivatives
Derivative financial instruments
Derivative instruments, notional amount	$ 2,065,000	$ 2,065,000
Foreign exchange swaps
Derivative financial instruments
Derivative instruments, notional amount	125,000	125,000
Embedded options within listed bonds
Derivative financial instruments
Derivative instruments, notional amount	$ 1,940,000	$ 1,940,000

Derivative financial instrume_4

Derivative financial instruments - Fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Derivatives
Derivative financial instruments
Derivative financial instruments at fair value	$ (31,948)	$ (66,028)
Foreign exchange swaps
Derivative financial instruments
Derivative financial instruments at fair value	(40,655)	(68,133)
Interest rate caps
Derivative financial instruments
Derivative financial instruments at fair value	527	565
Embedded options within listed bonds
Derivative financial instruments
Derivative financial instruments at fair value	$ 8,180	$ 1,540

Derivative financial instrume_5

Derivative financial instruments - Change in fair value of the derivative instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative financial instruments
Change in fair value of the derivative instruments	$ (18,137)	$ (1,381)
Foreign exchange swaps
Derivative financial instruments
Change in fair value of the derivative instruments	(24,962)	330
Interest rate caps
Derivative financial instruments
Change in fair value of the derivative instruments	185	(151)
Embedded options within listed bonds
Derivative financial instruments
Change in fair value of the derivative instruments	$ 6,640	$ (1,560)

Trade and other receivables (De

Trade and other receivables (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Trade and other current receivables [abstract]
Net trade receivables	$ 235,556	$ 212,323
Other receivables	41,789	317,452
Prepaid land rent	1,153	1,016
Other prepaid expenses	27,852	29,979
Advance payments	30,278	33,364
Withholding tax receivables	1,321	1,362
VAT receivables	13,705	12,339
Trade and other current receivables	351,654	607,835
Trade and other non-current receivables [abstract]
Accrued income and lease incentive	72,103	71,891
Other tax receivables	6,722	7,116
Payment in advance for property, plant and equipment	40,677	61,874
Contingent consideration receivable	6,203	6,411
Trade and other non-current receivables	$ 125,705	147,292
Top of range
Trade and other non-current receivables [abstract]
Non-current receivable due term	20 years
Gross carrying amount [member]
Trade and other current receivables [abstract]
Net trade receivables	$ 258,378	233,528
Accumulated impairment [member]
Trade and other current receivables [abstract]
Net trade receivables	$ (22,822)	$ (21,205)

Trade and other payables (Detai

Trade and other payables (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current
Trade payables	$ 238,594	$ 330,622
Deferred revenue	35,693	41,462
Withholding tax payable	6,241	3,555
Payroll and other related statutory liabilities	23,773	46,282
VAT payables	29,016	37,829
Other payables	77,858	72,877
Trade and other payables	411,175	532,627
Non-current
Other payables	5,069	4,629
Trade and other payables, non current	$ 5,069	$ 4,629

Borrowings - Debt classificatio

Borrowings - Debt classification (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Borrowings
Non Current Borrowings	$ 3,285,118	$ 3,056,696
Current borrowings	183,223	454,151
Borrowings	3,468,341	3,510,847
Senior Notes
Borrowings
Non Current Borrowings	1,932,960	1,930,457
Current borrowings	22,924	26,912
Bank borrowings
Borrowings
Non Current Borrowings	1,352,158	1,126,239
Current borrowings	125,354	107,110
Bank overdraft
Borrowings
Current borrowings	10,667	675
Letters of credit
Borrowings
Current borrowings	$ 24,278	$ 319,454

Borrowings - Debt instrument (D

Borrowings - Debt instrument (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Borrowings
Borrowings	$ 3,468,341	$ 3,510,847
IHS Holding limited, Senior Note Maturing 2026
Borrowings
Interest rate	5.63%
Borrowings	$ 506,183	498,920
IHS Holding limited, Senior Note Maturing 2028
Borrowings
Interest rate	6.25%
Borrowings	$ 506,597	498,635
IHS Netherlands Holdco B.V., Senior Note Maturing 2027
Borrowings
Interest rate	8%
Borrowings	$ 943,104	959,814
IHS Holding Term Loan Facility
Borrowings
Borrowings	$ 371,132	370,935
IHS Holding Term Loan Facility | CAS + SOFR
Borrowings
Borrowings, adjustment to interest rate basis	3.75%
IHS Holding (2024) Term Facility
Borrowings
Borrowings	$ 264,405
IHS Holding (2024) Term Facility | 3M SOFR
Borrowings
Borrowings, adjustment to interest rate basis	4.50%
IHS (Nigeria) Limited, Borrowing, Maturing 2026
Borrowings
Borrowings	$ 11,147
IHS (Nigeria) Limited, Borrowing, Maturing 2026 | Maximum
Borrowings
Interest rate	24%
IHS (Nigeria) Limited, Borrowing, Maturing 2026 | MPR
Borrowings
Borrowings, adjustment to interest rate basis	2.50%
INT Towers Limited, maturing 2028
Borrowings
Borrowings	$ 122,835	186,302
INT Towers Limited, maturing 2028 | Maximum
Borrowings
Interest rate	24%
INT Towers Limited, maturing 2028 | MPR
Borrowings
Borrowings, adjustment to interest rate basis	2.50%
IHS Cote d Ivoire S.A., CIV XOF Tranche
Borrowings
Interest rate	6.50%
Borrowings	$ 11,130
IHS Cote d Ivoire S.A., CIV Euro Tranche
Borrowings
Borrowings	$ 59,302
IHS Cote d Ivoire S.A., CIV Euro Tranche | 3M EURIBOR
Borrowings
Borrowings, adjustment to interest rate basis	3.50%
IHS Cte d'Ivoire Ltd (CFA Franc) maturing 2024
Borrowings
Interest rate	5%
Borrowings		6,570
IHS Cte d'Ivoire Ltd (Euro) maturing 2024
Borrowings
Borrowings		4,841
IHS Cte d'Ivoire Ltd (Euro) maturing 2024 | 3M EURIBOR
Borrowings
Borrowings, adjustment to interest rate basis	3%
IHS Zambia Limited, 2027
Borrowings
Borrowings	$ 76,454	81,297
IHS Zambia Limited, 2027 | CAS + SOFR
Borrowings
Borrowings, adjustment to interest rate basis	5%
IHS Brasil Cesso de Infraestruturas S.A., maturing 2031
Borrowings
Borrowings	$ 238,464	252,341
IHS Brasil Cesso de Infraestruturas S.A., maturing 2031 | CDI
Borrowings
Borrowings, adjustment to interest rate basis	3.10%
I-Systems Solues de Infraestrutura S.A., maturing 2030
Borrowings
Borrowings	$ 84,274	84,305
I-Systems Solues de Infraestrutura S.A., maturing 2030 | CDI | Maximum
Borrowings
Borrowings, adjustment to interest rate basis	2.50%
I-Systems Solues de Infraestrutura S.A., maturing 2030 | CDI | Minimum
Borrowings
Borrowings, adjustment to interest rate basis	2.45%
IHS Kuwait Limited, 2029
Borrowings
Borrowings	$ 59,376	61,354
IHS Kuwait Limited, 2029 | Discount rate
Borrowings
Borrowings, adjustment to interest rate basis	2%
IHS Towers South Africa Proprietary Limited maturing 2029
Borrowings
Borrowings	$ 178,993	185,404
IHS Towers South Africa Proprietary Limited maturing 2029 | 3M JIBAR
Borrowings
Borrowings, adjustment to interest rate basis	2.75%
IHS Towers South Africa Proprietary Limited bank overdraft
Borrowings
Interest rate	11.50%
Borrowings	$ 10,667	675
IHS Nigeria Limited, letters of credit maturing 2024
Borrowings
Borrowings	$ 5,762	98,918
IHS Nigeria Limited, letters of credit maturing 2024 | Maximum
Borrowings
Interest rate	15.55%
IHS Nigeria Limited, letters of credit maturing 2024 | Minimum
Borrowings
Interest rate	12%
INT Towers Limited, letters of credit maturing 2024
Borrowings
Borrowings	$ 17,546	219,418
INT Towers Limited, letters of credit maturing 2024 | Maximum
Borrowings
Interest rate	15.75%
INT Towers Limited, letters of credit maturing 2024 | Minimum
Borrowings
Interest rate	12%
IHS Towers NG Limited, letters of credit maturing 2024
Borrowings
Interest rate	15.49%
Borrowings		23
Global Independent Connect Limited, letter of credit maturing 2024
Borrowings
Borrowings	$ 970	$ 1,095
Global Independent Connect Limited, letter of credit maturing 2024 | Maximum
Borrowings
Interest rate	15.25%
Global Independent Connect Limited, letter of credit maturing 2024 | Minimum
Borrowings
Interest rate	13.25%
IHS (Nigeria) Limited letter of credit | Maximum
Borrowings
Interest rate	15.55%
IHS (Nigeria) Limited letter of credit | Minimum
Borrowings
Interest rate	12%
INT Towers Limited, letter of credit | Maximum
Borrowings
Interest rate	15.75%
INT Towers Limited, letter of credit | Minimum
Borrowings
Interest rate	12%

Borrowings - Narratives (Detail

Borrowings - Narratives (Details) $ in Thousands, € in Millions, R in Millions, ₦ in Billions, XOF in Billions	1 Months Ended		3 Months Ended
	Mar. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2024 NGN (₦)	Mar. 31, 2024 EUR (€)	Mar. 31, 2024 ZAR (R)	Mar. 08, 2024 USD ($)	Jan. 31, 2024	Dec. 31, 2023 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 XOF	Oct. 31, 2023 ZAR (R)	Jan. 31, 2023 USD ($)	Jan. 31, 2023 NGN (₦)	Oct. 31, 2022 USD ($)
Disclosure of detailed information about borrowings [line items]
Proceeds from borrowings, classified as financing activities			$ 380,383	$ 368,096
Repayments of borrowings, classified as financing activities			328,679	264,345
Borrowings	$ 3,468,341		3,468,341							$ 3,510,847
Interest paid			81,334	$ 68,503
Nigeria (2023) Revolving Credit Facility
Disclosure of detailed information about borrowings [line items]
Notional amount														$ 39,500	₦ 55
Interest rate														20%	20%
Notional amount of borrowings drawn down	10,800		10,800		₦ 15
Nigeria (2023) Revolving Credit Facility | Minimum
Disclosure of detailed information about borrowings [line items]
Interest rate									18%
Nigeria (2023) Revolving Credit Facility | Maximum
Disclosure of detailed information about borrowings [line items]
Interest rate									24%
Nigeria (2023) Revolving Credit Facility | Nigerian MPR
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis									2.50%
IHS Cote d Ivoire S.A., CIV Euro Tranche
Disclosure of detailed information about borrowings [line items]
Notional amount										94,900	€ 88
Notional amount of borrowings drawn down	60,500		60,500			€ 56.1
Borrowings	$ 59,302		$ 59,302
IHS Cote d Ivoire S.A., CIV Euro Tranche | 3M EURIBOR
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis	3.50%		3.50%		3.50%	3.50%	3.50%
IHS Cote d Ivoire S.A., CIV XOF Tranche
Disclosure of detailed information about borrowings [line items]
Notional amount										18,300		XOF 11.2
Interest rate	6.50%		6.50%		6.50%	6.50%	6.50%
Notional amount of borrowings drawn down	$ 11,700		$ 11,700		₦ 7.1
Borrowings	11,130		11,130
IHS Kuwait Limited, Bank Borrowings Maturing 2029
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 59,376		$ 59,376							61,354
IHS Holding limited, Senior Note Maturing 2026
Disclosure of detailed information about borrowings [line items]
Interest rate	5.63%		5.63%		5.63%	5.63%	5.63%
Borrowings	$ 506,183		$ 506,183							498,920
IHS Holding limited, Senior Note Maturing 2028
Disclosure of detailed information about borrowings [line items]
Interest rate	6.25%		6.25%		6.25%	6.25%	6.25%
Borrowings	$ 506,597		$ 506,597							498,635
IHS Towers South Africa Proprietary Limited maturing 2029
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 178,993		$ 178,993							185,404
IHS Towers South Africa Proprietary Limited maturing 2029 | 3M JIBAR
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis	2.75%		2.75%		2.75%	2.75%	2.75%
IHS South Africa Overdraft
Disclosure of detailed information about borrowings [line items]
Notional amount		$ 18,500											R 350
Notional amount of borrowings drawn down	$ 10,600		$ 10,600				R 200.4
IHS Nigeria Letters of Credit
Disclosure of detailed information about borrowings [line items]
Notional amount of borrowings drawn down	$ 5,800		$ 5,800
IHS Nigeria Letters of Credit | Minimum
Disclosure of detailed information about borrowings [line items]
Interest rate	12%		12%		12%	12%	12%
IHS Nigeria Letters of Credit | Maximum
Disclosure of detailed information about borrowings [line items]
Interest rate	15.55%		15.55%		15.55%	15.55%	15.55%
INT Towers Limited, letter of credit
Disclosure of detailed information about borrowings [line items]
Notional amount of borrowings drawn down	$ 17,500		$ 17,500
INT Towers Limited, letter of credit | Minimum
Disclosure of detailed information about borrowings [line items]
Interest rate	12%		12%		12%	12%	12%
INT Towers Limited, letter of credit | Maximum
Disclosure of detailed information about borrowings [line items]
Interest rate	15.75%		15.75%		15.75%	15.75%	15.75%
Global Independent Connect Limited, letters of credit
Disclosure of detailed information about borrowings [line items]
Notional amount of borrowings drawn down	$ 1,000		$ 1,000
Global Independent Connect Limited, letters of credit | Minimum
Disclosure of detailed information about borrowings [line items]
Interest rate	13.25%		13.25%		13.25%	13.25%	13.25%
Global Independent Connect Limited, letters of credit | Maximum
Disclosure of detailed information about borrowings [line items]
Interest rate	15.25%		15.25%		15.25%	15.25%	15.25%
IHS Holding (2022) Term Loan
Disclosure of detailed information about borrowings [line items]
Notional amount																$ 600,000
Notional amount of borrowings drawn down	$ 370,000		$ 370,000
Increase (decrease) in loan facility	(70,000)	$ (100,000)
Borrowings	$ 371,132		$ 371,132							370,935
IHS Holding (2022) Term Loan | CAS + SOFR
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis	3.75%		3.75%		3.75%	3.75%	3.75%
IHS Holding (2024) Term Facility
Disclosure of detailed information about borrowings [line items]
Notional amount								$ 270,000
Notional amount of borrowings drawn down	$ 270,000		$ 270,000
Borrowings	264,405		264,405
I-Systems Solues de Infraestrutura S.A., maturing 2030
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 84,274		$ 84,274							$ 84,305
I-Systems Solues de Infraestrutura S.A., maturing 2030 | CDI | Minimum
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis	2.45%		2.45%		2.45%	2.45%	2.45%
I-Systems Solues de Infraestrutura S.A., maturing 2030 | CDI | Maximum
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis	2.50%		2.50%		2.50%	2.50%	2.50%

Lease liabilities - Components

Lease liabilities - Components of lease (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Lease liabilities.
Current	$ 89,203	$ 91,156
Non-current	492,475	510,838
Total lease liabilities	581,678	$ 601,994
Lease payments	$ 30,300

Lease liabilities - Contractual

Lease liabilities - Contractual maturities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Disclosure of quantitative information about right-of-use assets [line items]
Carrying value	$ 581,678	$ 601,994
Total contractual cash flows	$ 1,143,430	1,181,459
Average remaining lease term	12 years 6 months
Within 1 year
Disclosure of quantitative information about right-of-use assets [line items]
Total contractual cash flows	$ 102,776	101,709
2-3 years
Disclosure of quantitative information about right-of-use assets [line items]
Total contractual cash flows	189,721	193,434
4-5 years
Disclosure of quantitative information about right-of-use assets [line items]
Total contractual cash flows	176,007	180,895
Over 5 years
Disclosure of quantitative information about right-of-use assets [line items]
Total contractual cash flows	$ 674,926	$ 705,421

Provisions for other liabilit_3

Provisions for other liabilities and charges - Decommissioning and site restoration provision (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Disclosure of other provisions [line items]
Non-current	$ 80,086	$ 86,131
Current	183	277
Decommissioning and site restoration provisions
Disclosure of other provisions [line items]
At January 1	86,408	85,016
Decrease in provisions	(4,478)	(505)
Payments for tower and tower equipment decommissioning	(5)	(343)
Unwinding of discount	2,299	9,156
Effects of movement in exchange rates	(3,955)	(6,916)
At end of period/year	80,269	86,408
Non-current	80,086	86,131
Current	$ 183	$ 277

Stated capital (Details)

Stated capital (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023		Dec. 31, 2023
Stated capital.
Beginning Balance, Number of shares	332,519
Shares issued on exercise of options (in shares)	349
Ending Balance, Number of shares	332,868			332,519
Beginning balance, Equity	$ 347,354	$ 1,360,230		$ 1,360,230
Ending balance, Equity	(163,121)	1,415,326	[1]	347,354
Stated capital net of issue costs
Stated capital.
Beginning balance, Equity	5,394,812	5,311,953		5,311,953
Shares issued on exercise of options	2,878	73,372
Ending balance, Equity	5,397,690	$ 5,385,325	[1]	5,394,812
Share capital
Stated capital.
Beginning balance, Equity	100,311
Shares issued on exercise of options	105
Ending balance, Equity	100,416			100,311
Share capital net of issue costs
Stated capital.
Beginning balance, Equity	99,756
Shares issued on exercise of options	105
Ending balance, Equity	99,861			99,756
Share premium
Stated capital.
Beginning balance, Equity	5,324,525
Shares issued on exercise of options	2,773
Ending balance, Equity	5,327,298			5,324,525
Share premium net of issue costs
Stated capital.
Beginning balance, Equity	5,295,056
Shares issued on exercise of options	2,773
Ending balance, Equity	$ 5,297,829			$ 5,295,056
[1] Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022

Other reserves (Details)

Other reserves (Details) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023		Dec. 31, 2023
Disclosure of reserves within equity [line items]
Beginning balance, Equity	$ 347,354	$ 1,360,230		$ 1,360,230
Other comprehensive income	1,043,520	44,192	[1]
Recognition of share-based payment expense	3,255	3,129
Ending balance, Equity	(163,121)	1,415,326	[2]	347,354
Other reserves
Disclosure of reserves within equity [line items]
Beginning balance, Equity	8,430	(861,271)		(861,271)
Other comprehensive income	1,050,193	38,990		950,855
Options converted to shares	(2,878)	(73,372)		(92,896)
Recognition of share-based payment expense	3,255	3,129		13,168
Other reclassifications related to share-based payment				(1,426)
Ending balance, Equity	1,059,000	(892,524)	[2]	8,430
Fair value through other comprehensive income reserve
Disclosure of reserves within equity [line items]
Beginning balance, Equity	9	(3)		(3)
Other comprehensive income	1			12
Ending balance, Equity	10			9
Restructuring reserve
Disclosure of reserves within equity [line items]
Beginning balance, Equity	4,019	4,019		4,019
Ending balance, Equity	4,019			4,019
Share- based payment reserve
Disclosure of reserves within equity [line items]
Beginning balance, Equity	17,663	98,817		98,817
Options converted to shares	(2,878)			(92,896)
Recognition of share-based payment expense	3,255			13,168
Other reclassifications related to share-based payment				(1,426)
Ending balance, Equity	18,040			17,663
Loss on transactions between owners
Disclosure of reserves within equity [line items]
Beginning balance, Equity	(840,359)	(840,359)		(840,359)
Ending balance, Equity	(840,359)			(840,359)
Foreign exchange translation reserve
Disclosure of reserves within equity [line items]
Beginning balance, Equity	827,098	$ (123,745)		(123,745)
Other comprehensive income	1,050,192			950,843
Ending balance, Equity	$ 1,877,290			$ 827,098
[1] Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022. Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022

Non-controlling interest (Detai

Non-controlling interest (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disclosure of subsidiaries [line items]
Balance at January 1	$ 237,506	$ 227,200
Loss for the period	(3,922)	(2,806)	[1]
Other comprehensive gain/(loss)	(6,673)	5,202
Balance at September 30	226,911	$ 229,596
I-Systems Solues de Infraestrutura S.A.
Disclosure of subsidiaries [line items]
Balance at January 1	216,770
Balance at September 30	$ 206,234
[1] Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Non-controlling interest - Summ

Non-controlling interest - Summarized financial information (Details) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023		Dec. 31, 2023	Dec. 31, 2022
Disclosure of subsidiaries [line items]
Current assets	$ 736,107			$ 972,607
Current liabilities	(783,171)			(1,221,956)
Noncurrent assets	3,870,033			4,392,103
Non-current liabilities	(3,986,090)			(3,795,400)
Accumulated non-controlling interest at the end of the year	226,911	$ 229,596		237,506	$ 227,200
Revenue	417,744	602,528	[1]
Income/(loss) for the period	(1,557,250)	7,775	[1],[2]
Other comprehensive income/(loss)	1,043,520	44,192	[1]
Total comprehensive (loss)/income for the period	(513,730)	51,967	[1],[2]
Loss allocated to non-controlling interest during the period	(10,595)	2,396	[1]
Cash flows generated from operating activities	75,845	235,127
Cash flows used in investing activities	110,464	(188,249)
Cash flows generated from financing activities	(83,308)	(3,439)
Net increase in cash and cash equivalents	103,001	$ 43,439
I-Systems Solues de Infraestrutura S.A.
Disclosure of subsidiaries [line items]
Accumulated non-controlling interest at the end of the year	206,234			216,770
Loss allocated to non-controlling interest during the period	(3,541)			(2,086)
I-Systems Solues de Infraestrutura S.A. | I-Systems Solues de Infraestrutura S.A.
Disclosure of subsidiaries [line items]
Current assets	41,201			83,274
Current liabilities	(52,102)			(53,797)
Current net assets	(10,901)			29,477
Noncurrent assets	540,133			527,592
Non-current liabilities	(108,346)			(114,681)
Non-current net assets	431,787			412,911
Net assets	420,886			442,388
Revenue	20,249			16,442
Income/(loss) for the period	(7,227)			(4,257)
Other comprehensive income/(loss)	(14,276)			10,329
Total comprehensive (loss)/income for the period	(21,503)			6,072
Cash flows generated from operating activities	11,802			(1,325)
Cash flows used in investing activities	(18,724)			(23,266)
Cash flows generated from financing activities	(150)			37,394
Net increase in cash and cash equivalents	$ (7,072)			$ 12,803
[1] Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022. Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022

Share-based payment obligation

Share-based payment obligation (Details) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares	Mar. 31, 2024 USD ($) Option	Mar. 31, 2023 USD ($)
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expense from share-based payment transactions		$ 3.2	$ 3.3
Omnibus share-based payment plans, RSUs with non-market conditions
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value of options granted, at grant date		$ 22.7
Pre-existing Omnibus employee share-based payment plans
Disclosure of terms and conditions of share-based payment arrangement [line items]
Options granted | Option		0
March 2024 Omnibus employee share-based payment plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value of options granted, at grant date	$ 49.9
Assumption of forfeiture rate	7%
Expected charge over remaining term of share options issued during the period	$ 12.5	$ 12.5
Expected dividend, share options granted	0
Dividends planned for the near future	$ 0	$ 0
March 2024 Omnibus employee share-based payment plan | Bottom of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share price assumption | $ / shares	$ 5.27
Expected volatility, share options granted	35.90%
March 2024 Omnibus employee share-based payment plan | Top of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share price assumption | $ / shares	$ 11.55
Expected volatility, share options granted	50.91%
March 2024 Omnibus employee share-based payment plan, Restricted stock units (RSUs)
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value of options granted, at grant date	$ 22.7
March 2024 Omnibus employee share-based payment plan, Performance stock units (PSUs) with non-market conditions
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value of options granted, at grant date	19
March 2024 Omnibus employee share-based payment plan, Performance stock units (PSUs) with market conditions
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value of options granted, at grant date	$ 8.2

Cash from operations (Details)

Cash from operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities
Profit before taxation	$ (1,559,314)	$ 22,993	[1]
Adjustments:
Depreciation of property, plant and equipment	76,566	106,314
Amortization of intangible assets	11,000	12,642
Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent	3,060	4,146
Impairment of goodwill	87,894
Loss allowance on trade receivables	4,560	3,560
Impairment of withholding tax receivables	8,216	11,255
Amortization of prepaid site rent	2,602	2,705
Net gain on disposal of plant, property and equipment	(373)	(734)
Insurance claim income	(10)	(145)
Finance income	(10,806)	(6,828)
Finance costs	1,563,028	179,008
Share-based payment expense	3,181	3,289
Operating income before working capital changes	189,604	338,205
Changes in working capital
(Increase)/decrease in inventory	(11,444)	7,910
Increase in trade and other receivables	(75,251)	(88,242)
Decrease in trade and other payables	(9,925)	(6,014)
Net movement in working capital	(96,620)	(86,346)
Cash from operations	$ 92,984	$ 251,859
[1] Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.

Business Combinations - IHS Kuw

Business Combinations - IHS Kuwait Limited (Details) $ in Thousands	1 Months Ended				3 Months Ended	12 Months Ended
	Aug. 31, 2023 item	Sep. 30, 2022 item	Oct. 31, 2021 item	Apr. 30, 2021 item	Mar. 31, 2024	Dec. 31, 2023 USD ($) item	Dec. 31, 2020 item
Business Combinations
Number of businesses acquired					0
IHS Kuwait acquisition of towers in Kuwait
Business Combinations
Number of stages of asset acquisitions completed during the period						1
Number of Towers Acquired | item	101	43	126	67		101
Percentage of interest in net assets acquired						70%
Percentage of interest in net assets held by non-controlling interests						30%
Gross consideration						$ 6,408
Less: consideration received in exchange for a retained 30% interest (by Zain Kuwait) in IHS GCC KW						(1,922)
Net consideration for 70% controlling interest in the acquired towers						4,486
Identifiable assets acquired and liabilities assumed:
Total identifiable net assets acquired						6,408
Towers and tower equipment						5,576
Customer related assets						2,224
Network-related assets						766
Trade and other payables						(2,158)
Non-controlling interest portion of above at 30%						$ 1,922
Percentage of net assets acquired (liabilities assumed) as disclosed in the acquisition analysis						100%
IHS Kuwait Limited
Business Combinations
Towers to be acquired | item							1,620
Number of Towers Acquired | item							1,162
Remaining towers yet to acquired | item							121
IHS Kuwait Limited | IHS GCC KW
Business Combinations
Shares in IHS GCC KW transferred in business combination							30%

Capital commitments and conti_2

Capital commitments and contingent liabilities (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Disclosure of contingent liabilities in business combination [line items]
Commitments to purchase property, plant and equipment	$ 127,300,000	$ 162,900,000
Legal proceedings provision	0
Litigations and claims
Disclosure of contingent liabilities in business combination [line items]
Contingent liabilities	$ 12,700,000	$ 11,900,000

Events after the reporting pe_2

Events after the reporting period (Details) $ in Thousands, R in Millions, ₦ in Billions			1 Months Ended			3 Months Ended
	May 14, 2024 Option tranche	May 09, 2024	May 10, 2024 USD ($)	May 10, 2024 NGN (₦)	Apr. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	May 10, 2024 NGN (₦)	May 10, 2024 ZAR (R)	Mar. 31, 2024 NGN (₦)	Mar. 31, 2024 ZAR (R)
Disclosure of non-adjusting events after reporting period [line items]
Proceeds from borrowings, classified as financing activities						$ 380,383	$ 368,096
Repayments of borrowings, classified as financing activities						328,679	$ 264,345
IHS Holding (2024) Term Facility
Disclosure of non-adjusting events after reporting period [line items]
Notional amount of borrowings drawn down						270,000
IHS Holding (2022) Term Loan
Disclosure of non-adjusting events after reporting period [line items]
Notional amount of borrowings drawn down						370,000
Nigeria (2023) Revolving Credit Facility
Disclosure of non-adjusting events after reporting period [line items]
Notional amount of borrowings drawn down						10,800				₦ 15
IHS South Africa Overdraft
Disclosure of non-adjusting events after reporting period [line items]
Notional amount of borrowings drawn down						$ 10,600					R 200.4
Drawdowns and repayments of borrowings | IHS Holding (2022) Term Loan
Disclosure of non-adjusting events after reporting period [line items]
Proceeds from borrowings, classified as financing activities					$ 60,000
Notional amount of borrowings drawn down			$ 430,000
Drawdowns and repayments of borrowings | Nigeria (2023) Revolving Credit Facility
Disclosure of non-adjusting events after reporting period [line items]
Notional amount of borrowings drawn down			19,900					₦ 27.8
Drawdowns and repayments of borrowings | IHS South Africa Overdraft
Disclosure of non-adjusting events after reporting period [line items]
Notional amount of borrowings drawn down			6,800						R 128.5
Granting of options under Omnibus employee share-based payment scheme | Omnibus share-based payment plans
Disclosure of non-adjusting events after reporting period [line items]
Number of share options granted in share-based payment arrangement | Option	6,339,851
Granting of options under Omnibus employee share-based payment scheme | Restricted Stock Units (RSU), Omnibus employee share-based payment plans
Disclosure of non-adjusting events after reporting period [line items]
Number of vesting occasions | tranche	3
Granting of options under Omnibus employee share-based payment scheme | Performance Stock Units (PSU), Omnibus share-based payment plans
Disclosure of non-adjusting events after reporting period [line items]
Assessment period for levered free cash flow target	3 years
Performance period for cumulative total shareholder return target	3 years
Vesting period of instruments in share-based payment arrangement	3 years
Asset Sale and Power-as-a-Service (PaaS) Unwind Agreement with MTN SA
Disclosure of non-adjusting events after reporting period [line items]
Master lease agreement, extension term		2 years
Naira upstreaming
Disclosure of non-adjusting events after reporting period [line items]
Amount of funds upstreamed			$ 61,000	₦ 77.9