IHS Holding Limited (IHS) 6-K 12 Nov 24 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2024
Document and Entity Information [Abstract]
Document Type	6-K
Document Period End Date	Sep. 30, 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	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF LOSS AND OTHER COMPREHENSIVE (LOSS)/INCOME (UNAUDITED) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
CONDENSED CONSOLIDATED STATEMENT OF LOSS AND OTHER COMPREHENSIVE (LOSS)/INCOME (UNAUDITED)
Revenue		$ 420,282	$ 467,023	$ 1,273,403	$ 1,615,755
Cost of sales	[1]	(201,745)	(358,883)	(662,745)	(962,628)
Administrative expenses		(97,099)	(93,835)	(347,558)	(291,877)
Net reversal of loss allowance/(net loss allowance) on trade receivables		4,286	(711)	2,107	(5,225)
Other income		63	33	1,656	369
Operating income		125,787	13,627	266,863	356,394
Finance income		25,732	5,823	49,696	18,233
Finance costs	[1]	(350,825)	(271,595)	(2,163,157)	(1,816,864)
Loss before income tax	[1]	(199,306)	(252,145)	(1,846,598)	(1,442,237)
Income tax expense		(6,397)	(16,659)	(40,669)	(89,118)
Loss for the period	[1]	(205,703)	(268,804)	(1,887,267)	(1,531,355)	[2]
Loss attributable to:
Owners of the Company	[1]	(204,143)	(266,830)	(1,878,540)	(1,523,021)
Non-controlling interests		(1,560)	(1,974)	(8,727)	(8,334)
Loss for the period	[1]	$ (205,703)	$ (268,804)	$ (1,887,267)	$ (1,531,355)	[2]
Loss per share - basic	[1]	$ (0.61)	$ (0.80)	$ (5.64)	$ (4.57)
Loss per share - diluted	[1]	$ (0.61)	$ (0.80)	$ (5.64)	$ (4.57)
Items that may be reclassified to profit or loss
Exchange differences on translation of foreign operations	[1]	$ 227,539	$ 5,346	$ 1,264,063	$ 634,802
Other comprehensive income for the period, net of taxes	[1]	227,539	5,346	1,264,063	634,802	[2]
Total comprehensive income/(loss) for the period	[1]	21,836	(263,458)	(623,204)	(896,553)	[2]
Total comprehensive income/(loss) attributable to:
Owners of the Company	[1]	18,051	(254,269)	(592,175)	(896,612)
Non-controlling interests		3,785	(9,189)	(31,029)	59
Total comprehensive income/(loss) for the period	[1]	$ 21,836	$ (263,458)	$ (623,204)	$ (896,553)	[2]
[1] Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21). Revised to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21).

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Non-current assets
Property, plant and equipment	$ 1,436,945	$ 1,740,235
Right of use assets	807,033	886,909
Goodwill	441,971	619,298
Other intangible assets	809,667	933,030
Deferred income tax assets	64,508	63,786
Derivative financial instrument assets	31,170	1,540
Trade and other receivables	127,198	147,305
Non-current assets	3,718,492	4,392,103
Current assets
Inventories	31,874	40,589
Income tax receivable	1,992	3,755
Derivative financial instrument assets	157	565
Trade and other receivables	421,218	607,835
Cash and cash equivalents	397,499	293,823
Assets held for sale		26,040
Current assets	852,740	972,607
TOTAL ASSETS	4,571,232	5,364,710
Non-current liabilities
Trade and other payables	5,153	4,629
Borrowings	3,354,762	3,056,696
Lease liabilities	513,484	510,838
Provisions for other liabilities and charges	95,447	86,131
Deferred income tax liabilities	127,923	137,106
Non-current liabilities	4,096,769	3,795,400
Current liabilities
Trade and other payables	400,929	532,627
Provisions for other liabilities and charges	160	277
Derivative financial instrument liabilities	10,537	68,133
Income tax payable	58,106	75,612
Borrowings	176,996	454,151
Lease liabilities	93,699	91,156
Current liabilities	740,427	1,221,956
Total liabilities	4,837,196	5,017,356
EQUITY
Stated capital	5,399,635	5,394,812
Accumulated losses	(7,171,934)	(5,293,394)
Other reserves	1,299,858	8,430
Equity attributable to owners of the Company	(472,441)	109,848
Non-controlling interests	206,477	237,506
Total equity	(265,964)	347,354
Total equity and liabilities	$ 4,571,232	$ 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
Shares repurchased and canceled through buyback program		(10,022)	(10,022)				(10,022)
NCI arising on business combination						1,922	1,922
Options converted to shares			89,432		(89,432)
Share-based payment expense		9,327			9,327		9,327
Other reclassifications related to share-based payment		(559)		867	(1,426)		(559)
Total transactions with owners		(1,254)	79,410	867	(81,531)	1,922	668
Loss for the period	[1]	(1,523,021)		(1,523,021)		(8,334)	(1,531,355)	[2]
Other comprehensive income/(loss)	[1]	626,409			626,409	8,393	634,802	[2]
Total comprehensive (loss)/income	[1]	(896,612)		(1,523,021)	626,409	59	(896,553)	[2]
Ending balance, Equity at Sep. 30, 2023	[1]	235,164	5,391,363	(4,839,806)	(316,393)	229,181	464,345
Beginning balance, Equity at Dec. 31, 2023		109,848	5,394,812	(5,293,394)	8,430	237,506	347,354
Options converted to shares			4,823		(4,823)
Share-based payment expense		9,886			9,886		9,886
Total transactions with owners		9,886	4,823		5,063		9,886
Loss for the period		(1,878,540)		(1,878,540)		(8,727)	(1,887,267)	[2]
Other comprehensive income/(loss)		1,286,365			1,286,365	(22,302)	1,264,063	[2]
Total comprehensive (loss)/income		(592,175)		(1,878,540)	1,286,365	(31,029)	(623,204)	[2]
Ending balance, Equity at Sep. 30, 2024		$ (472,441)	$ 5,399,635	$ (7,171,934)	$ 1,299,858	$ 206,477	$ (265,964)
[1] Revised to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21). Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21).

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Cash from operations	[1]	$ 182,431	$ 229,913	$ 427,011	$ 740,869
Income taxes paid		(6,575)	(8,450)	(35,091)	(42,407)
Payment for rent		(1,362)	(1,204)	(6,871)	(4,147)
Payment for tower and tower equipment decommissioning		(27)	(6)	(52)	(327)
Net cash generated from operating activities	[1]	174,467	220,253	384,997	693,988
Cash flow from investing activities
Purchase of property, plant and equipment	[1]	(52,175)	(119,889)	(173,709)	(383,456)
Payment in advance for property, plant and equipment		(9,730)	(18,772)	(15,581)	(88,920)
Purchase of software and licenses		(562)	(3,494)	(3,291)	(19,670)
Consideration paid on business combinations, net of cash acquired			(4,486)		(4,486)
Proceeds from sale of subsidiary, net of cash disposed				4,073
Proceeds from disposal of property, plant and equipment		12,962	508	14,999	1,468
Insurance claims received		11	32	51	310
Interest income received		5,017	5,761	12,851	17,338
Deposit of short term deposits		(4,077)	(59,173)	(40,590)	(187,938)
Refund of short term deposits		4,037	15,908	208,717	36,631
Net cash (used in)/generated from investing activities	[1]	(44,517)	(183,605)	7,520	(628,723)
Cash flows from financing activities
Shares repurchased and canceled through buyback program			(5,713)		(5,713)
Bank loans and bond proceeds received and transaction costs paid		(194)	318,765	611,397	976,944
Bank loans and bonds repaid		(58,998)	(226,741)	(465,823)	(644,591)
Fees on loans and derivative instruments		(2,041)	(6,149)	(9,295)	(14,820)
Interest paid		(87,037)	(79,173)	(253,001)	(224,118)
Payment for the principal of lease liabilities		(11,929)	(14,844)	(44,463)	(59,426)
Interest paid for lease liabilities		(15,849)	(15,405)	(46,546)	(40,699)
Net (loss)/gain settled on derivative instruments		(2,644)	145	(22,571)	617
Net cash used in financing activities		(178,692)	(29,115)	(230,302)	(11,806)
Net (decrease)/increase in cash and cash equivalents		(48,742)	7,533	162,215	53,459
Cash and cash equivalents at beginning of period		445,713	433,048	293,823	514,078
Effect of movements in exchange rates on cash		528	(15,145)	(58,539)	(142,101)
Cash and cash equivalents at end of period		$ 397,499	$ 425,436	$ 397,499	$ 425,436
[1] Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21).

General information

General information	9 Months Ended
	Sep. 30, 2024
General information
General information	NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 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 and nine months ended September 30, 2024, with the prior period representing the three and nine months ended September 30, 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	9 Months Ended
	Sep. 30, 2024
Significant accounting policies
Significant accounting policies	2. 2.1 The financial statements for the three and nine months ended September 30, 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 condensed 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. These 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 IFRS ® 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 September 30, 2024, and its results of operations for the three and nine months ended September 30, 2024, and 2023, cash flows for the three and nine months ended September 30, 2024, and 2023, and statement of changes in equity for the nine months ended September 30, 2024, and 2023. Certain amounts related to financial instruments in the prior period condensed consolidated statement of loss and other comprehensive income, condensed consolidated statement of financial position, and condensed consolidated statement of cash flows 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 November 11, 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. NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) 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, amendments and interpretations 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 ● Climate-related Commitments (IAS 37 Provisions, Contingent Liabilities and Contingent Assets)—Agenda Paper 2 ● Payments Contingent on Continued Employment during Handover Periods (IFRS 3 Business Combinations)—Agenda Paper 3 The above did not have any material impact on the Group’s interim financial statements. (b) New standards, amendments and interpretations not yet adopted by the Group Certain standards, amendments and interpretations have been published through September 30, 2024, that are not yet effective and have not been early adopted by the Group. They are: ● Lack of Exchangeability (Amendments to IAS 21) ● Presentation and Disclosure in Financial Statements (IFRS 18) ● Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7) ● Disclosure of Revenues and Expenses for Reportable Segments (IFRS 8 Operating Segments)—Agenda Paper 2 The Company is in the process of analyzing the impact of the above.

Critical accounting estimates a

Critical accounting estimates and assumptions	9 Months Ended
	Sep. 30, 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. NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) (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 Nigerian Naira up to the date of issuance of these financial statements, and the ongoing impact of geopolitical conflicts and wars; ● the status of the Group’s financial arrangements and recent activities (see also note 15 and 22); ● 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 $397.5 million as of September 30, 2024: ● 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 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 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 and fai

Capital risk management and fair value measurements	9 Months Ended
	Sep. 30, 2024
Capital risk management and fair value measurements
Capital risk management and fair value measurements	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. NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) Fair value hierarchy 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). As of reporting period end, the Group’s financial instruments held at fair value all had a level 2 classification. These instruments comprise primarily foreign exchange swaps, interest rate caps and options embedded in the bonds (see note 12 for further details). Their fair values are determined based on mark to market values provided by the counterparty financial institutions or valuation techniques using observable market data. There were transfers between different levels during Fair value estimation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At September 30, 2024 ​ At December 31, 2023 ​ ​ Carrying ​ Fair ​ Carrying ​ Fair ​ Value Value Value Value ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Total borrowings (note 15) 3,531,758 ​ 3,496,503 3,510,847 3,224,775 ​ 3,531,758 3,496,503 3,510,847 3,224,775 ​ The fair values of total borrowings presented above are classified as Level 2 of the fair value hierarchy and are based on discounted cash flows using a current borrowing rate. Other than total borrowings, the fair values of financial assets and financial liabilities are not materially different from their carrying values.

Segment reporting

Segment reporting	9 Months Ended
	Sep. 30, 2024
Segment reporting
Segment reporting	5. The Group’s Executive Committee is identified as the CODM that 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; ● Latam; and ● MENA The basis of segmentation and measurement of segment financial information is consistent with that of the previous financial year and corresponding interim reporting period. NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) 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, impairment of goodwill, business combination transaction costs, impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent, reversal of provision for decommissioning costs, net (gain)/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 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nigeria SSA Latam MENA Total ​ $’000 $’000 $’000 $’000 $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues from external customers ​ 242,290 ​ 120,139 ​ 45,148 ​ 12,705 ​ 420,282 Segment Adjusted EBITDA ​ 158,900 ​ 81,046 ​ 33,798 ​ 8,014 ​ 281,758 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues from external customers ​ 271,394 ​ 133,481 ​ 51,883 ​ 10,265 ​ 467,023 Segment Adjusted EBITDA* ​ 164,152 ​ 66,285 ​ 38,163 ​ 5,155 ​ 273,755 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues from external customers ​ 739,596 ​ 359,669 ​ 139,385 ​ 34,753 ​ 1,273,403 Segment Adjusted EBITDA ​ 433,160 ​ 227,154 ​ 100,922 ​ 20,253 ​ 781,489 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues from external customers ​ 1,060,964 ​ 379,034 ​ 145,876 ​ 29,881 ​ 1,615,755 Segment Adjusted EBITDA* ​ 655,476 ​ 194,701 ​ 104,665 ​ 14,205 ​ 969,047 ​ NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) Reconciliation of information on reportable segments to the amounts reported in the financial statements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2024 2023 2024 2023 ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment Adjusted EBITDA* ​ 281,758 ​ 273,755 ​ 781,489 ​ 969,047 Finance costs (note 9)* ​ (350,825) ​ (271,595) ​ (2,163,157) ​ (1,816,864) Depreciation and amortization (note 6 and 7) ​ (91,308) ​ (104,931) ​ (266,040) ​ (340,381) Impairment of withholding tax receivables (note 7) ​ (21,855) ​ (10,508) ​ (32,827) ​ (35,112) Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent (note 6) ​ (4,132) ​ (103,429) ​ (10,075) ​ (108,510) Share‑based payment expense (note 7) ​ (1,813) ​ (2,654) ​ (9,879) ​ (9,571) Other costs (b) ​ (1,783) ​ (3,211) ​ (8,175) ​ (8,059) Business combination costs (note 7) ​ (578) ​ (161) ​ (958) ​ (1,647) Impairment of goodwill (note 7) ​ — ​ — ​ (87,894) ​ — Impairment of assets held for sale (note 6) ​ — ​ — ​ (2,853) ​ — Impairment of other fixed assets (note 7) ​ — ​ — ​ (31) ​ — Insurance claims ​ 11 ​ 32 ​ 51 ​ 310 Net gain on disposal of property, plant and equipment (note 7) ​ 1,270 ​ 386 ​ 3,562 ​ 952 Finance income (note 8) ​ 25,732 ​ 5,823 ​ 49,696 ​ 18,233 Other non-operating income ​ — ​ 1 ​ — ​ 59 Unallocated corporate expenses (a) ​ (35,783) ​ (35,653) ​ (99,507) ​ (110,694) Loss before income tax* ​ (199,306) ​ (252,145) ​ (1,846,598) ​ (1,442,237) *Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21). (a) Unallocated corporate expenses primarily consist of costs associated with centralized Group functions including Group executive, legal, finance, tax and treasury services. (b) Other costs for the three months ended September 30, 2024, included one-off consulting fees related to corporate structures and operating systems of $0.7 million (three months ended September 30, 2023: $1.7 million) and $ 5.2 million for the nine months ended September 30, 2024 (nine months ended September 30, 2023: $4.5 million); costs related to internal reorganization for the three months ended September 30, 2024, of $0.9 million (three months ended September 30, 2023: $ 0.6 million) and $2.7 million for the nine months ended September 30, 2024 (nine months ended September 30, 2023: $ 0.7 million); other one-off consulting services for the three months ended September 30, 2024, of $ Nil (three months ended September 30, 2023: $0.7 million) and $ Nil for the nine months ended September 30, 2024 (nine months ended September 30, 2023: $1.7 million); one-off professional fees related to financing for the three months ended September 30, 2024, of $0.1 million (three months ended September 30, 2023: $ Nil ) and $0.2 million for the nine months ended September 30, 2024 (nine months ended September 30, 2023: $0.2 million). NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) Summarized segment assets and liabilities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nigeria SSA Latam MENA ​ $’000 $’000 $’000 $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment assets ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ 864,285 ​ 1,404,708 ​ 1,950,563 ​ 176,097 September 30, 2023* ​ 1,626,256 ​ 1,401,864 ​ 2,137,361 ​ 185,536 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment liabilities ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ 337,821 ​ 918,208 ​ 774,138 ​ 101,060 September 30, 2023* ​ 957,814 ​ 819,213 ​ 728,975 ​ 113,263 ​ ​ ​ ​ ​ ​ ​ ​ ​ Additions of property, plant and equipment, right of use assets and intangible assets: ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2024 ​ 19,389 ​ 34,226 ​ 42,797 ​ 2,443 Three months ended September 30, 2023 ​ 51,631 ​ 28,005 ​ 82,060 ​ 6,227 Nine months ended September 30, 2024 ​ 69,804 ​ 72,812 ​ 130,240 ​ 4,939 Nine months ended September 30, 2023 ​ 253,146 ​ 81,158 ​ 172,867 ​ 15,039 *Revised to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21). Revenue from two tier one customers represents more than 10% of the Group’s total revenue as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2024 2023 2024 2023 ​ ​ ​ ​ ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer A ​ 62 % 63 % 61 % 60 % Customer B ​ 14 % 14 % 15 % 16 % ​

Cost of sales

Cost of sales	9 Months Ended
	Sep. 30, 2024
Cost of sales [abstract]
Cost of sales	NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) 6. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2024 2023 2024 2023 ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Power generation ​ 84,342 ​ 89,883 ​ 263,803 ​ 303,815 Depreciation (a) ​ 75,420 ​ 89,850 ​ 223,005 ​ 293,784 Tower repairs and maintenance ​ 12,974 ​ 20,364 ​ 37,476 ​ 77,762 Amortization ​ 9,167 ​ 10,908 ​ 28,769 ​ 33,871 Staff costs ​ 5,764 ​ 7,240 ​ 18,564 ​ 25,385 Security services ​ 5,204 ​ 9,650 ​ 13,157 ​ 33,756 Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent ​ 4,132 ​ 103,429 ​ 10,075 ​ 108,510 Short-term rental ​ 2,443 ​ 2,605 ​ 6,074 ​ 8,195 Insurance ​ 1,148 ​ 1,081 ​ 3,468 ​ 3,635 Travel costs ​ 699 ​ 1,753 ​ 4,076 ​ 7,967 Vehicle maintenance and repairs ​ 467 ​ 495 ​ 1,359 ​ 1,556 Professional fees ​ 462 ​ 905 ​ 1,324 ​ 2,106 Impairment of assets held for sale ​ — ​ — ​ 2,853 ​ — Regulatory fees (b) ​ (2,784) ​ 9,365 ​ 11,815 ​ 30,562 Other* /(c) ​ 2,307 ​ 11,355 ​ 36,927 ​ 31,724 ​ ​ 201,745 ​ 358,883 ​ 662,745 ​ 962,628 *Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21). (a) Presented net of related indirect tax receivable in Brazil of $1.0 million in 2024. (b) Net income for the three months ended September 30, 2024, primarily relates to a review of the current and historical license obligations in the SSA segment. (c) Included in “Other” for the three months ended September 30, 2024, are $0.2 million in foreign exchange losses on cost of sales (three months ended September 30, 2023: $8.8 million) and for the nine months ended September 30, 2024: foreign exchange losses on cost of sales of $30.4 million (nine months ended September 30, 2023: $25.4 million).

Administrative expenses

Administrative expenses	9 Months Ended
	Sep. 30, 2024
Administrative expenses.
Administrative expenses	NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) 7. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2024 2023 2024 2023 ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Staff costs ​ 38,517 ​ 38,210 ​ 104,135 ​ 114,765 Impairment of withholding tax receivables (a) ​ 21,855 ​ 10,508 ​ 32,827 ​ 35,112 Professional fees ​ 10,971 ​ 14,231 ​ 38,065 ​ 43,634 Facilities, short-term rental and upkeep ​ 7,089 ​ 8,822 ​ 23,629 ​ 30,010 Amortization ​ 4,113 ​ 1,429 ​ 6,241 ​ 4,225 Key management compensation ​ 3,864 ​ 4,674 ​ 13,703 ​ 12,914 Depreciation ​ 2,608 ​ 2,744 ​ 8,025 ​ 8,501 Travel costs ​ 2,410 ​ 3,640 ​ 8,408 ​ 10,318 Share ‑ based payment expense ​ 1,813 ​ 2,654 ​ 9,879 ​ 9,571 Business combination costs ​ 578 ​ 161 ​ 958 ​ 1,647 Operating taxes ​ 406 ​ 266 ​ 1,075 ​ 382 Impairment of goodwill ​ — ​ — ​ 87,894 ​ — Impairment of other fixed assets ​ — ​ — ​ 31 ​ — Net gain on disposal of property, plant and equipment ​ (1,270) ​ (386) ​ (3,562) ​ (952) Other ​ 4,145 ​ 6,882 ​ 16,250 ​ 21,750 ​ ​ 97,099 ​ 93,835 ​ 347,558 ​ 291,877 ​ (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. We have recognized for the three month period ended March 31, 2024, an impairment of $87.9 million in the IHS Latam tower businesses group of cash generating units (“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, through the recognition of an impairment loss against goodwill. This loss is included in administrative expenses in the condensed consolidated statement of loss 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 have individually resulted 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 ​ ​ ​ ​ ​ ​ ​ IHS Latam Tower businesses 165,663 103,808 110,944 ​

Finance income

Finance income	9 Months Ended
	Sep. 30, 2024
Finance income.
Finance income	NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) 8. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ September 30, September 30, September 30, September 30, ​ 2024 2023 2024 2023 ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value gain on embedded options 19,030 — 29,630 — Interest income - bank deposits 5,017 5,761 12,851 17,338 Net foreign exchange gain arising from derivative instruments - unrealized 1,307 — 6,985 — Net foreign exchange gain arising from financing - realized ​ 378 — — — Fair value gain on interest rate caps ​ — ​ 62 ​ 230 ​ 475 Net foreign exchange gain arising from derivative instruments - realized — — — 420 ​ 25,732 5,823 49,696 18,233 ​

Finance costs

Finance costs	9 Months Ended
	Sep. 30, 2024
Finance costs.
Finance costs	9. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ September 30, September 30, September 30, September 30, ​ 2024 2023 2024 2023 ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net foreign exchange loss arising from financing - unrealized* 236,028 128,087 1,779,460 1,281,497 Interest expenses - third party loans 85,503 95,500 257,425 270,491 Interest and finance charges paid/payable for lease liabilities 17,002 16,121 51,110 47,323 Interest expense - withholding tax paid on bond interest ​ 4,625 ​ 4,233 ​ 11,771 ​ 10,974 Net foreign exchange loss on derivative instruments - realized 2,855 — 23,209 — Fees on loans and financial derivatives 2,485 6,462 10,402 12,395 Unwinding of discount on decommissioning liability 2,293 2,360 6,831 6,941 Fair value loss on interest caps 34 ​ — ​ — ​ — Net foreign exchange loss arising from financing - realized — 10,325 22,949 117,377 Fair value loss on embedded options — 5,260 — 4,510 Net foreign exchange loss on derivative instruments - unrealized — 3,247 — 65,356 ​ 350,825 271,595 2,163,157 1,816,864 *Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21).

Taxation

Taxation	9 Months Ended
	Sep. 30, 2024
Taxation
Taxation	NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) 10. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ September 30, September 30, September 30, September 30, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Current taxes 2,473 28,567 45,109 91,484 Deferred income taxes 3,924 (11,908) (4,440) (2,366) Total taxes 6,397 16,659 40,669 89,118 ​ 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. Income tax payable at September 30, 2024 was $58.1 million. The reduction of $17.5 million for the nine months ended September 30, 2024, is primarily driven by the movement in the uncertain tax positions of $10.8 million as a result of the Naira devaluation. As a result of the goodwill impairment in Latam tower businesses group of CGUs for the nine months ended September 30, 2024, the Group reassessed recoverability of the related deferred tax assets and determined that no change to the position that deferred tax assets are recognized 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 recognized an estimated current tax expense of $4.6 million for the nine months ended September 30, 2024.

Loss per share

Loss per share	9 Months Ended
	Sep. 30, 2024
Loss per share
Loss per share	NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) 11. The following table sets forth basic and diluted net loss per common share computational data (in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2024 2023 2024 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss attributable to equity holders ($’000)* ​ (205,703) ​ (268,804) ​ (1,887,267) ​ (1,531,355) Less: allocation of loss to non‑controlling interests ($’000) (1,560) (1,974) (8,727) (8,334) Loss attributable to IHS common shareholders ($’000)* (204,143) (266,830) (1,878,540) (1,523,021) ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares outstanding (‘000) 333,151 334,046 332,948 333,388 Potentially dilutive securities (‘000) 2,880 1,811 1,628 2,079 Potentially dilutive weighted average common shares outstanding (‘000) 336,031 335,857 334,576 335,467 ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss per share: Basic loss per share ($)* (0.61) (0.80) (5.64) (4.57) Diluted loss per share ($)* (0.61) (0.80) (5.64) (4.57) *Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21). Potentially dilutive securities include share-based compensation options, but for the three and nine months ended September 30, 2024, and the three and nine months ended September 30, 2023, these securities were anti-dilutive and thus do not impact diluted loss per share.

Derivative financial instrument

Derivative financial instruments	9 Months Ended
	Sep. 30, 2024
Derivative financial instruments
Derivative financial instruments	NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) 12. 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 and other comprehensive income. The related net foreign exchange gain/(loss) is included in finance income (note 8) and finance costs (note 9). The underlying contractual notional amounts for the derivative instruments as of September 30, 2024, and as of December 31, 2023, are as follows: ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Derivative instruments ​ ​ ​ ​ Embedded options within listed bonds (a) 1,940,000 1,940,000 Foreign exchange swaps 14,500 125,000 ​ 1,954,500 2,065,000 (a) This relates to early redemption clauses within the Group’s Senior Notes (see note 15 - Borrowings). On or after September 18, 2024, the 2027 Notes may be redeemed (in whole or in part) at a price of 100.00000% . On or after November 29, 2023, 2024 or 2025, the 2026 Notes may be redeemed (in whole or in part) at a price of 102.81250% , 101.40625% and 100.00000% , respectively. On or after November 29, 2024, 2025 or 2026, the 2028 Notes may be redeemed (in whole or in part) at a price of 103.12500% , 101.5625% and 100.0000% , respectively. The fair value balances are as follows: ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Derivative instruments ​ ​ Embedded options within listed bonds 31,170 1,540 Interest rate caps ​ 157 ​ 565 Foreign exchange swaps (10,537) (68,133) ​ 20,790 (66,028) ​ The change in fair value of the derivative instruments has been recorded in the condensed consolidated statement of loss and other comprehensive income as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended Nine months ended ​ ​ September 30, September 30, ​ September 30, September 30, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative instruments Embedded options within listed bonds 19,030 (5,260) 29,630 (4,510) Foreign exchange swaps 1,307 (3,247) 6,985 (65,356) Interest rate caps ​ (34) ​ 62 ​ 230 ​ 475 ​ 20,303 (8,445) 36,845 (69,391) ​

Trade and other receivables

Trade and other receivables	9 Months Ended
	Sep. 30, 2024
Trade and other receivables
Trade and other receivables	NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) 13. ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Non ‑ current Accrued income and lease incentive 80,572 71,904 Other tax receivables 4,754 7,116 Payment in advance for property, plant and equipment 41,872 61,874 Contingent consideration receivable (a) ​ — ​ 6,411 ​ 127,198 147,305 Current ​ ​ Trade receivables 336,716 233,528 Less: impairment provisions ​ (14,373) (21,205) Net trade receivables (b) 322,343 212,323 Other receivables (c) 46,032 317,452 Prepaid land rent 1,052 1,016 Other prepaid expenses 18,320 29,979 Advance payments 14,242 33,364 Withholding tax receivables 986 1,362 VAT receivables 12,519 12,339 Contingent consideration receivable (a) 5,724 — ​ 421,218 607,835 (a) Receivable on the I-Systems Soluções de Infraestrutura S.A. acquisition. (b) The fair value is equal to their carrying amount. (c) 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. Payments in advance for property, plant and equipment relate 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	9 Months Ended
	Sep. 30, 2024
Trade and other payables.
Trade and other payables	14. ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2024 ​ 2023 ​ $’000 $’000 ​ ​ ​ ​ ​ Non ‑ current ​ ​ Other payables ​ 5,153 ​ 4,629 ​ ​ 5,153 ​ 4,629 Current ​ ​ Trade payables ​ 219,096 ​ 330,622 Deferred revenue ​ 48,938 ​ 41,462 Withholding tax payable ​ 5,199 ​ 3,555 Payroll and other related statutory liabilities ​ 35,364 ​ 46,282 VAT payables ​ 28,269 ​ 37,829 Other payables ​ 64,063 ​ 72,877 ​ ​ 400,929 ​ 532,627 ​

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2024
Borrowings.
Borrowings	NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) 15. ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 $’000 ​ ​ ​ ​ ​ Non ‑ current ​ ​ ​ ​ Senior Notes ​ 1,934,817 ​ 1,930,457 Bank borrowings ​ 1,419,945 ​ 1,126,239 ​ ​ 3,354,762 ​ 3,056,696 Current ​ ​ Senior Notes ​ 22,708 ​ 26,912 Bank borrowings ​ 146,665 ​ 107,110 Bank overdraft ​ — ​ 675 Letters of credit ​ 7,623 ​ 319,454 ​ ​ 176,996 ​ 454,151 ​ ​ ​ ​ ​ Total borrowings ​ 3,531,758 ​ 3,510,847 ​ Refer to the next page for an analysis of our borrowing facilities and related covenants: NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) Analysis of borrowings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ ​ Notional ​ ​ ​ Issue ​ Maturity ​ ​ ​ ​ Carrying ​ Carrying ​ amount Currency date date Interest rate amount amount ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $’000 ​ $’000 Senior Notes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Holding Limited ​ 500.0M ​ USD ​ Nov'21 ​ Nov'26 ​ 5.63 % ​ 506,809 ​ 498,920 IHS Holding Limited ​ 500.0M ​ USD ​ Nov'21 ​ Nov'28 ​ 6.25 % ​ 506,991 ​ 498,635 IHS Netherlands Holdco B.V. ​ 940.0M ​ USD ​ Sep'19 ​ Sep'27 ​ 8.00 % ​ 943,725 ​ 959,814 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debentures ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Brasil - Cessão de Infraestruturas S.A. ​ 1.2B ​ BRL ​ Sep'23 ​ Aug'31 ​ 3.10 % + CDI ​ 220,416 ​ 252,341 IHS Brasil - Cessão de Infraestruturas S.A. ​ 300.0M ​ BRL ​ Jun'24 ​ Jun'32 ​ 2.80 % + CDI ​ 56,165 ​ — I-Systems Soluções de Infraestrutura S.A. ​ 160.0M ​ BRL ​ Jun'24 ​ May'32 ​ 2.10 % + CDI ​ 29,961 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank term loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Côte d’Ivoire S.A. ​ 3.9B ​ XOF ​ Jun'22 ​ Jun'24 ​ 5.00 % ​ — ​ 6,570 IHS Côte d’Ivoire S.A. ​ 4.6M ​ EUR ​ Jun'22 ​ Jun'24 ​ 3.00 % + 3M EURIBOR ​ — ​ 4,841 IHS Côte d’Ivoire S.A. ​ 10.0B ​ XOF ​ Dec'23 ​ Dec'28 ​ 6.50 % ​ 16,383 ​ — IHS Côte d’Ivoire S.A. ​ 78.7M ​ EUR ​ Dec'23 ​ Dec'28 ​ 3.50 % + 3M EURIBOR ​ 86,030 ​ — IHS Holding Limited ​ 430.0M ​ USD ​ Oct'22 ​ Oct'25 ​ 3.75 % + CAS + 3M SOFR ​ 432,838 ​ 370,935 IHS Holding Limited ​ 210.0M ​ USD ​ Mar'24 ​ Mar'26 ​ 4.50 % + 3M SOFR ​ 206,298 ​ — IHS Kuwait Limited ​ 16.9M ​ KWD ​ Apr'20 ​ Apr'29 ​ 2.00 % + CBK Discount Rate ​ 56,070 ​ 61,354 IHS Towers South Africa Proprietary Limited ​ 3.4B ​ ZAR ​ May'22 ​ May'29 ​ 2.75 % + 3M JIBAR ​ 194,546 ​ 185,404 IHS Zambia Limited ​ 66.5M ​ USD ​ Dec'20 ​ Dec'27 ​ 5.00 % + CAS + 3M SOFR ​ 67,003 ​ 81,297 INT Towers Limited ​ 144.4B ​ NGN ​ Jan'23 ​ Jan'28 ​ 2.50 % + MPR, 18 - 27% collar ​ 91,311 ​ 186,302 I-Systems Soluções de Infraestrutura S.A. ​ 400.0M ​ BRL ​ Oct'22 ​ Oct'30 ​ 2.45 - 2.50% + CDI ​ 77,704 ​ 84,305 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving credit facilities and overdrafts ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Holding Limited ​ 300.0M ​ USD ​ Mar'20 ​ Oct'26 ​ 3.00 % + CAS + 3M SOFR ​ — ​ — IHS Nigeria Limited ​ 51.0B ​ NGN ​ Jan'23 ​ Jan'26 ​ 2.50 % + MPR, 18 - 27% collar ​ 31,885 ​ — IHS Towers South Africa Proprietary Limited ​ 350.0M ​ ZAR ​ Oct'23 ​ Oct'24 ​ PRIME minus 0.25% ​ — ​ 675 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Letters of credit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Nigeria ​ 356.5M ​ USD ​ Feb'22 ​ Dec'24 ​ 12.00 - 15.75% ​ 7,623 ​ 319,454 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,531,758 ​ 3,510,847 All Group borrowings (except letters of credit) contain customary information, customary affirmative and negative covenants, customary events of default and financial covenants (generally tested quarterly, with some exceptions). Mandatory cancellation and/or full or partial repayment may be required in certain circumstances. Loan facilities may also be voluntarily prepaid and/or cancelled by giving notice. Many of our borrowings are either guaranteed or secured. NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) FINANCING ACTIVITIES AND LIQUIDITY FOR THE PERIOD JANUARY 1, 2024, TO SEPTEMBER 30, 2024 CIV (2023) Term Loan In February 2024, a first draw down of €56.1 million (approximately $62.6 million) and XOF 7,109.0 million (approximately $12.1 million) was made by IHS Côte d’Ivoire S.A. under the CIV (2023) Term Loan. These proceeds were applied towards, inter alia, the full prepayment of the entity’s pre-existing borrowings maturing in June 2024 and for general corporate purposes. In June 2024, the remaining €31.9 million (approximately $35.6 million) and XOF 4,042.3 million (approximately $6.9 million) were drawn down on this term loan. These proceeds were applied towards general corporate purposes. IHS Holding (2022) Bullet Term Loan Facility In March 2024, the available commitments under the Company’s October 2022 loan facility were voluntarily reduced by $70.0 million and the remaining available commitments of $60.0 million were drawn down in April 2024, with the proceeds were applied towards general corporate purposes, resulting in the facility being fully drawn at $430.0 million. IHS Holding (2024) Term Facility In March 2024, the Company entered into a $270.0 million loan agreement with Standard Chartered Bank (Singapore) Limited as the original lender. This facility is scheduled to terminate in March 2026 and is repayable in installments. The applicable interest rate per annum is Term SOFR, plus a margin ranging from 4.50% to 7.00% per annum over the duration of facility, based on the relevant margin step-up date. This facility was fully drawn in March 2024 and the majority of the proceeds have been applied toward the repayment of the Letter of Credit Facilities in Nigeria. IHS Brasil - Cessão de Infraestruturas S.A. and I-Systems Soluções de Infraestrutura S.A. 2024 Debentures In June 2024, IHS Brasil - Cessão de Infraestruturas S.A. and I-Systems Soluções de Infraestrutura S.A. issued debentures for BRL 300.0 million (approximately $55.2 million) and BRL 160.0 million (approximately $29.4 million), respectively. These debentures amortize, starting from July 2026 and November 2026, semi-annually until maturity in July 2032 and May 2032, respectively. Both debentures are secured by a pledge over the bank account where the companies’ receivables are deposited. In addition, the IHS Brasil - Cessão de Infraestruturas S.A. debentures are secured by a pledge over all shares owned by IHS Netherlands BR B.V. in IHS Brasil - Cessão de Infraestruturas S.A. The applicable interest rate on these debentures is CDI plus 2.80% and CDI plus 2.10%, respectively. The proceeds were applied towards general corporate purposes including working capital purposes. Nigeria (2023) Term Loan and Nigeria (2023) Revolving Credit Facility In August 2024, the cap of 24%, to which the floating interest rates per annum were subject in the NGN 165.0 billion (approximately $98.9 million) loan and the NGN 55.0 billion (approximately $33.0 million) facility, both entered into in January 2023, was amended to 27%.

Lease liabilities

Lease liabilities	9 Months Ended
	Sep. 30, 2024
Lease liabilities.
Lease liabilities	NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) 16. ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Non‑current 513,484 510,838 Current ​ 93,699 ​ 91,156 Total lease liabilities 607,183 601,994 ​ 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 nine month period ended September 30, 2024, payments to the value of $91.0 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 September 30, 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease liabilities ​ 607,183 1,216,159 105,208 201,051 186,957 722,943 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2024, is 12.6 years.

Stated capital

Stated capital	9 Months Ended
	Sep. 30, 2024
Stated capital
Stated capital	17. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ 697 ​ 209 ​ 209 ​ 4,614 ​ 4,614 At September 30, 2024 333,216 ​ 100,520 ​ 99,965 5,329,139 ​ 5,299,670 ​

Cash from operations

Cash from operations	9 Months Ended
	Sep. 30, 2024
Cash from operations
Cash from operations	NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) 18. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended Nine months ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ $’000 $’000 $’000 $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Reconciliation: ​ ​ ​ ​ ​ ​ ​ ​ Loss before taxation* ​ (199,306) ​ (252,145) ​ (1,846,598) ​ (1,442,237) Adjustments ​ ​ ​ ​ Depreciation of property, plant and equipment (note 6 and 7) ​ 78,028 ​ 92,594 ​ 231,030 ​ 302,285 Amortization of intangible assets (note 6 and 7) ​ 13,280 ​ 12,337 ​ 35,010 ​ 38,096 Amortization of prepaid site rent ​ 2,486 ​ 2,789 ​ 7,475 ​ 7,918 Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent (note 6 and 7) ​ 4,132 ​ 103,429 ​ 10,106 ​ 108,510 Impairment of assets held for sale (note 6) ​ — ​ — ​ 2,853 ​ — Impairment of goodwill (note 7) ​ — ​ — ​ 87,894 ​ — Impairment of withholding tax receivables (note 7) ​ 21,855 ​ 10,508 ​ 32,827 ​ 35,112 Impairment of inventory ​ (435) ​ — ​ (435) ​ — Net gain on disposal of property, plant and equipment (note 7) ​ (1,270) ​ (386) ​ (3,562) ​ (952) Share‑based payment expense (note 7) ​ 1,813 ​ 2,654 ​ 9,879 ​ 9,571 (Reversal of loss allowance)/loss allowance on trade receivables ​ (4,286) ​ 711 ​ (2,107) ​ 5,225 Finance income (note 8) ​ (25,732) ​ (5,823) ​ (49,696) ​ (18,233) Finance costs (note 9)* ​ 350,825 ​ 271,595 ​ 2,163,157 ​ 1,816,864 Insurance claim income ​ (11) ​ (32) ​ (51) ​ (310) Operating income before working capital changes* ​ 241,379 ​ 238,231 ​ 677,782 ​ 861,849 ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in working capital ​ ​ ​ ​ (Increase)/decrease in inventory* ​ (390) ​ (32,555) ​ (5,785) ​ 4,166 Increase in trade and other receivables ​ (67,035) ​ (61,968) ​ (254,162) ​ (199,210) Increase in trade and other payables* ​ 8,477 ​ 86,205 ​ 9,176 ​ 74,064 Net movement in working capital* ​ (58,948) ​ (8,318) ​ (250,771) ​ (120,980) ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash from operations* ​ 182,431 ​ 229,913 ​ 427,011 ​ 740,869 *Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21).

Business Combinations

Business Combinations	9 Months Ended
	Sep. 30, 2024
Business Combinations
Business Combinations	NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) 19. 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 nine month period ended September 30, 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. ​ ​ ​ ​ 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 ​

Capital commitments and conting

Capital commitments and contingent liabilities	9 Months Ended
	Sep. 30, 2024
Capital commitments and contingent liabilities
Capital commitments and contingent liabilities	NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) 20. Capital commitments The Group was committed to the purchase of property, plant and equipment of approximately $128.3 million at September 30, 2024 (December 31, 2023: $162.9 million). Contingent liabilities Note 32 ‘Capital commitments and contingent liabilities’ to the Group’s consolidated financial statements for the year ended December 31, 2023, sets forth the Group’s capital commitments and contingent liabilities as of December 31, 2023. There have been no material changes to the contingent liabilities during the period covered by this report.

Effect of the revision on the C

Effect of the revision on the Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2023	9 Months Ended
	Sep. 30, 2024
Effect of the revision on the Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2023
Effect of the revision on the Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2023	21. Effect of the revision on the Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2023 In connection with the preparation of our consolidated financial statements for the year ended December 31, 2023, we identified an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria in the quarterly periods ended June 30, 2023, and September 30, 2023. The adjustment reclassified these foreign exchange movements from Inventories and Property, plant and equipment to Cost of sales and Finance costs. In accordance with SAB No. 99, “Materiality,” and SAB No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements”, we evaluated the adjustment and determined that the related impact was not material to our financial statements for any prior period. Accordingly, we have revised previously reported financial information, disclosed in our Quarterly Report on Form 6-K for the periods ended June 30, 2023, and September 30, 2023. The following table summarizes the impact of the revision in the current period. CONDENSED CONSOLIDATED STATEMENT OF LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2023 ​ Nine months ended September 30, 2023 ​ ​ As previously reported ​ Adjustments ​ Revised ​ As previously reported ​ Adjustments ​ Revised ​ $’000 $’000 $’000 $’000 $’000 $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost of sales ​ (365,032) ​ 6,149 ​ (358,883) ​ (949,774) ​ (12,854) ​ (962,628) Operating income ​ 7,478 ​ 6,149 ​ 13,627 ​ 369,248 ​ (12,854) ​ 356,394 Finance costs ​ (261,993) ​ (9,602) ​ (271,595) ​ (1,804,222) ​ (12,642) ​ (1,816,864) Loss before income tax ​ (248,692) ​ (3,453) ​ (252,145) ​ (1,416,741) ​ (25,496) ​ (1,442,237) Loss for the period ​ (265,351) ​ (3,453) ​ (268,804) ​ (1,505,859) ​ (25,496) ​ (1,531,355) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss attributable to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Owners of the Company ​ (263,377) ​ (3,453) ​ (266,830) ​ (1,497,525) ​ (25,496) ​ (1,523,021) Loss for the period ​ (265,351) ​ (3,453) ​ (268,804) ​ (1,505,859) ​ (25,496) ​ (1,531,355) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss per share - basic ​ (0.79) ​ (0.01) ​ (0.80) ​ (4.49) ​ (0.08) ​ (4.57) Loss per share - diluted ​ (0.79) ​ (0.01) ​ (0.80) ​ (4.49) ​ (0.08) ​ (4.57) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exchange differences on translation of foreign operations ​ 4,789 ​ 557 ​ 5,346 ​ 629,755 ​ 5,047 ​ 634,802 Other comprehensive income for the period, net of taxes ​ 4,789 ​ 557 ​ 5,346 ​ 629,755 ​ 5,047 ​ 634,802 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total comprehensive loss for the period ​ (260,562) ​ (2,896) ​ (263,458) ​ (876,104) ​ (20,449) ​ (896,553) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total comprehensive loss attributable to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Owners of the Company ​ (251,373) ​ (2,896) ​ (254,269) ​ (876,163) ​ (20,449) ​ (896,612) Total comprehensive loss for the period ​ (260,562) ​ (2,896) ​ (263,458) ​ (876,104) ​ (20,449) ​ (896,553) ​ NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As previously reported Adjustments Revised ​ ​ Accumulated ​ Other ​ Accumulated ​ Other ​ Accumulated ​ Other ​ ​ losses ​ reserves ​ losses ​ reserves ​ losses ​ reserves ​ $’000 $’000 $’000 $’000 $’000 $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2023 (3,317,652) ​ (861,271) ​ — ​ — ​ (3,317,652) ​ (861,271) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss for the period (1,497,525) ​ — ​ (25,496) ​ — ​ (1,523,021) ​ — Other comprehensive income — ​ 621,362 ​ — ​ 5,047 ​ — ​ 626,409 Total comprehensive (loss)/income (1,497,525) ​ 621,362 ​ (25,496) ​ 5,047 ​ (1,523,021) ​ 626,409 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at September 30, 2023 (4,814,310) ​ (321,440) ​ (25,496) ​ 5,047 ​ (4,839,806) ​ (316,393) CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2023 ​ Nine months ended September 30, 2023 ​ ​ As previously reported ​ Adjustments ​ Revised ​ As previously reported ​ Adjustments ​ Revised ​ $’000 $’000 $’000 $’000 $’000 $’000 Cash flows from operating activities ​ ​ ​ ​ ​ ​ Cash from operations ​ 234,437 ​ (4,524) ​ 229,913 ​ 750,428 ​ (9,559) ​ 740,869 Net cash generated from/(used in) operating activities ​ 224,777 ​ (4,524) ​ 220,253 ​ 703,547 ​ (9,559) ​ 693,988 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flow from investing activities ​ ​ ​ ​ ​ ​ Purchase of property, plant and equipment ​ (124,413) ​ 4,524 ​ (119,889) ​ (393,015) ​ 9,559 ​ (383,456) Net cash (used in)/generated from investing activities ​ (188,129) ​ 4,524 ​ (183,605) ​ (638,282) ​ 9,559 ​ (628,723) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in financing activities ​ (29,115) ​ — ​ (29,115) ​ (11,806) ​ — ​ (11,806) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents at end of period ​ 425,436 ​ — ​ 425,436 ​ 425,436 ​ — ​ 425,436 ​ Commensurate adjustments have been made to notes 5, 6, 9, 11 and 18 to the financial statements.

Events after the reporting peri

Events after the reporting period	9 Months Ended
	Sep. 30, 2024
Events after the reporting period
Events after the reporting period	NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED) 22. (a) IHS Holding (2024) dual-tranche Bullet Term Loan Facility In October 2024, IHS Holding Limited entered into and drew down on a dual-tranche $255.0 million and ZAR 3,246.0 million loan agreement (together totaling approximately $438.6 million). This syndicated facility is scheduled to terminate in October 2029. The majority of the proceeds have been applied toward the repayment of the IHS Holding (2022) Bullet Term Loan Facility. The applicable interest rate on the dollar tranche is Term SOFR, plus a margin of 4.50% and on the ZAR tranche is JIBAR, plus a margin of 4.50%. (b) IHS Holding (2022) Bullet Term Loan Facility In October 2024, the outstanding principal amount of $430.0 million under this facility was fully repaid with the proceeds from the IHS Holding (2024) dual-tranche Bullet Term Loan Facility described above. (c) Nigeria Withholding Tax On October 2, 2024, the Federal Government of Nigeria released the official gazette of the “Deduction of Tax at Source (Withholding) Regulations, 2024” setting out changes to the withholding tax (“WHT”) regulations which impact the Group’s Nigerian businesses. Effective from January 1, 2025, these changes are expected to reduce the amounts of tax withheld by customers in Nigeria with respect to colocation and telecommunication tower services from 10% to 2%, which is anticipated to lead to an increase in cash flow for IHS from 2025. Nigerian WHT can be credited against corporation tax (“CIT”) liabilities and is therefore initially recognized as an asset. Historically, the WHT credits each quarter have exceeded the total forecast CIT payable and the unutilized asset has been impaired. Going forward, the Group will reassess the extent to which previously impaired WHT credits can be recovered against future CIT liabilities, taking account of the reduction in the WHT rate from January 2025. ​ ​

Significant accounting polici_2

Significant accounting policies (Policies)	9 Months Ended
	Sep. 30, 2024
Significant accounting policies
Basis of preparation	2.1 The financial statements for the three and nine months ended September 30, 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 condensed 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. These 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 IFRS ® 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 September 30, 2024, and its results of operations for the three and nine months ended September 30, 2024, and 2023, cash flows for the three and nine months ended September 30, 2024, and 2023, and statement of changes in equity for the nine months ended September 30, 2024, and 2023. Certain amounts related to financial instruments in the prior period condensed consolidated statement of loss and other comprehensive income, condensed consolidated statement of financial position, and condensed consolidated statement of cash flows 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 November 11, 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, amendments and interpretations 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 ● Climate-related Commitments (IAS 37 Provisions, Contingent Liabilities and Contingent Assets)—Agenda Paper 2 ● Payments Contingent on Continued Employment during Handover Periods (IFRS 3 Business Combinations)—Agenda Paper 3 The above did not have any material impact on the Group’s interim financial statements. (b) New standards, amendments and interpretations not yet adopted by the Group Certain standards, amendments and interpretations have been published through September 30, 2024, that are not yet effective and have not been early adopted by the Group. They are: ● Lack of Exchangeability (Amendments to IAS 21) ● Presentation and Disclosure in Financial Statements (IFRS 18) ● Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7) ● Disclosure of Revenues and Expenses for Reportable Segments (IFRS 8 Operating Segments)—Agenda Paper 2 The Company is in the process of analyzing the impact of the above.

Capital risk management and f_2

Capital risk management and fair value measurements (Tables)	9 Months Ended
	Sep. 30, 2024
Capital risk management and fair value measurements
Schedule of fair value estimation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At September 30, 2024 ​ At December 31, 2023 ​ ​ Carrying ​ Fair ​ Carrying ​ Fair ​ Value Value Value Value ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Total borrowings (note 15) 3,531,758 ​ 3,496,503 3,510,847 3,224,775 ​ 3,531,758 3,496,503 3,510,847 3,224,775

Segment reporting (Tables)

Segment reporting (Tables)	9 Months Ended
	Sep. 30, 2024
Segment reporting
Schedule of summarized financial information	Summarized financial information is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nigeria SSA Latam MENA Total ​ $’000 $’000 $’000 $’000 $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues from external customers ​ 242,290 ​ 120,139 ​ 45,148 ​ 12,705 ​ 420,282 Segment Adjusted EBITDA ​ 158,900 ​ 81,046 ​ 33,798 ​ 8,014 ​ 281,758 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues from external customers ​ 271,394 ​ 133,481 ​ 51,883 ​ 10,265 ​ 467,023 Segment Adjusted EBITDA* ​ 164,152 ​ 66,285 ​ 38,163 ​ 5,155 ​ 273,755 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues from external customers ​ 739,596 ​ 359,669 ​ 139,385 ​ 34,753 ​ 1,273,403 Segment Adjusted EBITDA ​ 433,160 ​ 227,154 ​ 100,922 ​ 20,253 ​ 781,489 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues from external customers ​ 1,060,964 ​ 379,034 ​ 145,876 ​ 29,881 ​ 1,615,755 Segment Adjusted EBITDA* ​ 655,476 ​ 194,701 ​ 104,665 ​ 14,205 ​ 969,047
Schedule of reconciliation of information on reportable segments to the amounts reported in the financial statements	Reconciliation of information on reportable segments to the amounts reported in the financial statements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2024 2023 2024 2023 ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment Adjusted EBITDA* ​ 281,758 ​ 273,755 ​ 781,489 ​ 969,047 Finance costs (note 9)* ​ (350,825) ​ (271,595) ​ (2,163,157) ​ (1,816,864) Depreciation and amortization (note 6 and 7) ​ (91,308) ​ (104,931) ​ (266,040) ​ (340,381) Impairment of withholding tax receivables (note 7) ​ (21,855) ​ (10,508) ​ (32,827) ​ (35,112) Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent (note 6) ​ (4,132) ​ (103,429) ​ (10,075) ​ (108,510) Share‑based payment expense (note 7) ​ (1,813) ​ (2,654) ​ (9,879) ​ (9,571) Other costs (b) ​ (1,783) ​ (3,211) ​ (8,175) ​ (8,059) Business combination costs (note 7) ​ (578) ​ (161) ​ (958) ​ (1,647) Impairment of goodwill (note 7) ​ — ​ — ​ (87,894) ​ — Impairment of assets held for sale (note 6) ​ — ​ — ​ (2,853) ​ — Impairment of other fixed assets (note 7) ​ — ​ — ​ (31) ​ — Insurance claims ​ 11 ​ 32 ​ 51 ​ 310 Net gain on disposal of property, plant and equipment (note 7) ​ 1,270 ​ 386 ​ 3,562 ​ 952 Finance income (note 8) ​ 25,732 ​ 5,823 ​ 49,696 ​ 18,233 Other non-operating income ​ — ​ 1 ​ — ​ 59 Unallocated corporate expenses (a) ​ (35,783) ​ (35,653) ​ (99,507) ​ (110,694) Loss before income tax* ​ (199,306) ​ (252,145) ​ (1,846,598) ​ (1,442,237) *Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21). (a) Unallocated corporate expenses primarily consist of costs associated with centralized Group functions including Group executive, legal, finance, tax and treasury services. (b) Other costs for the three months ended September 30, 2024, included one-off consulting fees related to corporate structures and operating systems of $0.7 million (three months ended September 30, 2023: $1.7 million) and $ 5.2 million for the nine months ended September 30, 2024 (nine months ended September 30, 2023: $4.5 million); costs related to internal reorganization for the three months ended September 30, 2024, of $0.9 million (three months ended September 30, 2023: $ 0.6 million) and $2.7 million for the nine months ended September 30, 2024 (nine months ended September 30, 2023: $ 0.7 million); other one-off consulting services for the three months ended September 30, 2024, of $ Nil (three months ended September 30, 2023: $0.7 million) and $ Nil for the nine months ended September 30, 2024 (nine months ended September 30, 2023: $1.7 million); one-off professional fees related to financing for the three months ended September 30, 2024, of $0.1 million (three months ended September 30, 2023: $ Nil ) and $0.2 million for the nine months ended September 30, 2024 (nine months ended September 30, 2023: $0.2 million).
Schedule of segment assets, liabilities and additions	Summarized segment assets and liabilities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nigeria SSA Latam MENA ​ $’000 $’000 $’000 $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment assets ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ 864,285 ​ 1,404,708 ​ 1,950,563 ​ 176,097 September 30, 2023* ​ 1,626,256 ​ 1,401,864 ​ 2,137,361 ​ 185,536 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment liabilities ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ 337,821 ​ 918,208 ​ 774,138 ​ 101,060 September 30, 2023* ​ 957,814 ​ 819,213 ​ 728,975 ​ 113,263 ​ ​ ​ ​ ​ ​ ​ ​ ​ Additions of property, plant and equipment, right of use assets and intangible assets: ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2024 ​ 19,389 ​ 34,226 ​ 42,797 ​ 2,443 Three months ended September 30, 2023 ​ 51,631 ​ 28,005 ​ 82,060 ​ 6,227 Nine months ended September 30, 2024 ​ 69,804 ​ 72,812 ​ 130,240 ​ 4,939 Nine months ended September 30, 2023 ​ 253,146 ​ 81,158 ​ 172,867 ​ 15,039 *Revised to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21).
Schedule of revenue from tier one customers	Revenue from two tier one customers represents more than 10% of the Group’s total revenue as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2024 2023 2024 2023 ​ ​ ​ ​ ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer A ​ 62 % 63 % 61 % 60 % Customer B ​ 14 % 14 % 15 % 16 % ​

Cost of sales (Tables)

Cost of sales (Tables)	9 Months Ended
	Sep. 30, 2024
Cost of sales [abstract]
Schedule of cost of sales	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2024 2023 2024 2023 ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Power generation ​ 84,342 ​ 89,883 ​ 263,803 ​ 303,815 Depreciation (a) ​ 75,420 ​ 89,850 ​ 223,005 ​ 293,784 Tower repairs and maintenance ​ 12,974 ​ 20,364 ​ 37,476 ​ 77,762 Amortization ​ 9,167 ​ 10,908 ​ 28,769 ​ 33,871 Staff costs ​ 5,764 ​ 7,240 ​ 18,564 ​ 25,385 Security services ​ 5,204 ​ 9,650 ​ 13,157 ​ 33,756 Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent ​ 4,132 ​ 103,429 ​ 10,075 ​ 108,510 Short-term rental ​ 2,443 ​ 2,605 ​ 6,074 ​ 8,195 Insurance ​ 1,148 ​ 1,081 ​ 3,468 ​ 3,635 Travel costs ​ 699 ​ 1,753 ​ 4,076 ​ 7,967 Vehicle maintenance and repairs ​ 467 ​ 495 ​ 1,359 ​ 1,556 Professional fees ​ 462 ​ 905 ​ 1,324 ​ 2,106 Impairment of assets held for sale ​ — ​ — ​ 2,853 ​ — Regulatory fees (b) ​ (2,784) ​ 9,365 ​ 11,815 ​ 30,562 Other* /(c) ​ 2,307 ​ 11,355 ​ 36,927 ​ 31,724 ​ ​ 201,745 ​ 358,883 ​ 662,745 ​ 962,628 *Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21). (a) Presented net of related indirect tax receivable in Brazil of $1.0 million in 2024. (b) Net income for the three months ended September 30, 2024, primarily relates to a review of the current and historical license obligations in the SSA segment. (c) Included in “Other” for the three months ended September 30, 2024, are $0.2 million in foreign exchange losses on cost of sales (three months ended September 30, 2023: $8.8 million) and for the nine months ended September 30, 2024: foreign exchange losses on cost of sales of $30.4 million (nine months ended September 30, 2023: $25.4 million).

Administrative expenses (Tables

Administrative expenses (Tables)	9 Months Ended
	Sep. 30, 2024
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Schedule of administrative expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2024 2023 2024 2023 ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Staff costs ​ 38,517 ​ 38,210 ​ 104,135 ​ 114,765 Impairment of withholding tax receivables (a) ​ 21,855 ​ 10,508 ​ 32,827 ​ 35,112 Professional fees ​ 10,971 ​ 14,231 ​ 38,065 ​ 43,634 Facilities, short-term rental and upkeep ​ 7,089 ​ 8,822 ​ 23,629 ​ 30,010 Amortization ​ 4,113 ​ 1,429 ​ 6,241 ​ 4,225 Key management compensation ​ 3,864 ​ 4,674 ​ 13,703 ​ 12,914 Depreciation ​ 2,608 ​ 2,744 ​ 8,025 ​ 8,501 Travel costs ​ 2,410 ​ 3,640 ​ 8,408 ​ 10,318 Share ‑ based payment expense ​ 1,813 ​ 2,654 ​ 9,879 ​ 9,571 Business combination costs ​ 578 ​ 161 ​ 958 ​ 1,647 Operating taxes ​ 406 ​ 266 ​ 1,075 ​ 382 Impairment of goodwill ​ — ​ — ​ 87,894 ​ — Impairment of other fixed assets ​ — ​ — ​ 31 ​ — Net gain on disposal of property, plant and equipment ​ (1,270) ​ (386) ​ (3,562) ​ (952) Other ​ 4,145 ​ 6,882 ​ 16,250 ​ 21,750 ​ ​ 97,099 ​ 93,835 ​ 347,558 ​ 291,877 ​ (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.
IHS Latam tower businesses group
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Schedule of reasonably possible change scenarios that would have individually resulted in increased impairment	For the Latam tower businesses group of CGUs these reasonably possible change scenarios would have individually resulted 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 ​ ​ ​ ​ ​ ​ ​ IHS Latam Tower businesses 165,663 103,808 110,944 ​

Finance income (Tables)

Finance income (Tables)	9 Months Ended
	Sep. 30, 2024
Finance income.
Schedule of finance income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ September 30, September 30, September 30, September 30, ​ 2024 2023 2024 2023 ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value gain on embedded options 19,030 — 29,630 — Interest income - bank deposits 5,017 5,761 12,851 17,338 Net foreign exchange gain arising from derivative instruments - unrealized 1,307 — 6,985 — Net foreign exchange gain arising from financing - realized ​ 378 — — — Fair value gain on interest rate caps ​ — ​ 62 ​ 230 ​ 475 Net foreign exchange gain arising from derivative instruments - realized — — — 420 ​ 25,732 5,823 49,696 18,233 ​

Finance costs (Tables)

Finance costs (Tables)	9 Months Ended
	Sep. 30, 2024
Finance costs.
Schedule of finance costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ September 30, September 30, September 30, September 30, ​ 2024 2023 2024 2023 ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net foreign exchange loss arising from financing - unrealized* 236,028 128,087 1,779,460 1,281,497 Interest expenses - third party loans 85,503 95,500 257,425 270,491 Interest and finance charges paid/payable for lease liabilities 17,002 16,121 51,110 47,323 Interest expense - withholding tax paid on bond interest ​ 4,625 ​ 4,233 ​ 11,771 ​ 10,974 Net foreign exchange loss on derivative instruments - realized 2,855 — 23,209 — Fees on loans and financial derivatives 2,485 6,462 10,402 12,395 Unwinding of discount on decommissioning liability 2,293 2,360 6,831 6,941 Fair value loss on interest caps 34 ​ — ​ — ​ — Net foreign exchange loss arising from financing - realized — 10,325 22,949 117,377 Fair value loss on embedded options — 5,260 — 4,510 Net foreign exchange loss on derivative instruments - unrealized — 3,247 — 65,356 ​ 350,825 271,595 2,163,157 1,816,864 *Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21).

Taxation (Tables)

Taxation (Tables)	9 Months Ended
	Sep. 30, 2024
Taxation
Schedule of income tax expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ September 30, September 30, September 30, September 30, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Current taxes 2,473 28,567 45,109 91,484 Deferred income taxes 3,924 (11,908) (4,440) (2,366) Total taxes 6,397 16,659 40,669 89,118

Loss per share (Tables)

Loss per share (Tables)	9 Months Ended
	Sep. 30, 2024
Loss per share
Schedule of basic and diluted loss per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2024 2023 2024 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss attributable to equity holders ($’000)* ​ (205,703) ​ (268,804) ​ (1,887,267) ​ (1,531,355) Less: allocation of loss to non‑controlling interests ($’000) (1,560) (1,974) (8,727) (8,334) Loss attributable to IHS common shareholders ($’000)* (204,143) (266,830) (1,878,540) (1,523,021) ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares outstanding (‘000) 333,151 334,046 332,948 333,388 Potentially dilutive securities (‘000) 2,880 1,811 1,628 2,079 Potentially dilutive weighted average common shares outstanding (‘000) 336,031 335,857 334,576 335,467 ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss per share: Basic loss per share ($)* (0.61) (0.80) (5.64) (4.57) Diluted loss per share ($)* (0.61) (0.80) (5.64) (4.57) *Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21).

Derivative financial instrume_2

Derivative financial instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative financial instruments
Schedule of contractual notional amount for the derivative instruments	​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Derivative instruments ​ ​ ​ ​ Embedded options within listed bonds (a) 1,940,000 1,940,000 Foreign exchange swaps 14,500 125,000 ​ 1,954,500 2,065,000 (a) This relates to early redemption clauses within the Group’s Senior Notes (see note 15 - Borrowings). On or after September 18, 2024, the 2027 Notes may be redeemed (in whole or in part) at a price of 100.00000% . On or after November 29, 2023, 2024 or 2025, the 2026 Notes may be redeemed (in whole or in part) at a price of 102.81250% , 101.40625% and 100.00000% , respectively. On or after November 29, 2024, 2025 or 2026, the 2028 Notes may be redeemed (in whole or in part) at a price of 103.12500% , 101.5625% and 100.0000% , respectively.
Schedule of fair value of derivative instruments	​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Derivative instruments ​ ​ Embedded options within listed bonds 31,170 1,540 Interest rate caps ​ 157 ​ 565 Foreign exchange swaps (10,537) (68,133) ​ 20,790 (66,028)
Schedule of changes in fair value of derivative instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended Nine months ended ​ ​ September 30, September 30, ​ September 30, September 30, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ $’000 ​ $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative instruments Embedded options within listed bonds 19,030 (5,260) 29,630 (4,510) Foreign exchange swaps 1,307 (3,247) 6,985 (65,356) Interest rate caps ​ (34) ​ 62 ​ 230 ​ 475 ​ 20,303 (8,445) 36,845 (69,391) ​

Trade and other receivables (Ta

Trade and other receivables (Tables)	9 Months Ended
	Sep. 30, 2024
Trade and other receivables
Trade and other receivables	​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Non ‑ current Accrued income and lease incentive 80,572 71,904 Other tax receivables 4,754 7,116 Payment in advance for property, plant and equipment 41,872 61,874 Contingent consideration receivable (a) ​ — ​ 6,411 ​ 127,198 147,305 Current ​ ​ Trade receivables 336,716 233,528 Less: impairment provisions ​ (14,373) (21,205) Net trade receivables (b) 322,343 212,323 Other receivables (c) 46,032 317,452 Prepaid land rent 1,052 1,016 Other prepaid expenses 18,320 29,979 Advance payments 14,242 33,364 Withholding tax receivables 986 1,362 VAT receivables 12,519 12,339 Contingent consideration receivable (a) 5,724 — ​ 421,218 607,835 (a) Receivable on the I-Systems Soluções de Infraestrutura S.A. acquisition. (b) The fair value is equal to their carrying amount. (c) 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.

Trade and other payables (Table

Trade and other payables (Tables)	9 Months Ended
	Sep. 30, 2024
Trade and other payables.
Schedule of trade and other payables	​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2024 ​ 2023 ​ $’000 $’000 ​ ​ ​ ​ ​ Non ‑ current ​ ​ Other payables ​ 5,153 ​ 4,629 ​ ​ 5,153 ​ 4,629 Current ​ ​ Trade payables ​ 219,096 ​ 330,622 Deferred revenue ​ 48,938 ​ 41,462 Withholding tax payable ​ 5,199 ​ 3,555 Payroll and other related statutory liabilities ​ 35,364 ​ 46,282 VAT payables ​ 28,269 ​ 37,829 Other payables ​ 64,063 ​ 72,877 ​ ​ 400,929 ​ 532,627 ​

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2024
Borrowings.
Schedule of external debt classification	​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 $’000 ​ ​ ​ ​ ​ Non ‑ current ​ ​ ​ ​ Senior Notes ​ 1,934,817 ​ 1,930,457 Bank borrowings ​ 1,419,945 ​ 1,126,239 ​ ​ 3,354,762 ​ 3,056,696 Current ​ ​ Senior Notes ​ 22,708 ​ 26,912 Bank borrowings ​ 146,665 ​ 107,110 Bank overdraft ​ — ​ 675 Letters of credit ​ 7,623 ​ 319,454 ​ ​ 176,996 ​ 454,151 ​ ​ ​ ​ ​ Total borrowings ​ 3,531,758 ​ 3,510,847
Schedule of debt by debt instrument	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ ​ Notional ​ ​ ​ Issue ​ Maturity ​ ​ ​ ​ Carrying ​ Carrying ​ amount Currency date date Interest rate amount amount ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $’000 ​ $’000 Senior Notes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Holding Limited ​ 500.0M ​ USD ​ Nov'21 ​ Nov'26 ​ 5.63 % ​ 506,809 ​ 498,920 IHS Holding Limited ​ 500.0M ​ USD ​ Nov'21 ​ Nov'28 ​ 6.25 % ​ 506,991 ​ 498,635 IHS Netherlands Holdco B.V. ​ 940.0M ​ USD ​ Sep'19 ​ Sep'27 ​ 8.00 % ​ 943,725 ​ 959,814 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debentures ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Brasil - Cessão de Infraestruturas S.A. ​ 1.2B ​ BRL ​ Sep'23 ​ Aug'31 ​ 3.10 % + CDI ​ 220,416 ​ 252,341 IHS Brasil - Cessão de Infraestruturas S.A. ​ 300.0M ​ BRL ​ Jun'24 ​ Jun'32 ​ 2.80 % + CDI ​ 56,165 ​ — I-Systems Soluções de Infraestrutura S.A. ​ 160.0M ​ BRL ​ Jun'24 ​ May'32 ​ 2.10 % + CDI ​ 29,961 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank term loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Côte d’Ivoire S.A. ​ 3.9B ​ XOF ​ Jun'22 ​ Jun'24 ​ 5.00 % ​ — ​ 6,570 IHS Côte d’Ivoire S.A. ​ 4.6M ​ EUR ​ Jun'22 ​ Jun'24 ​ 3.00 % + 3M EURIBOR ​ — ​ 4,841 IHS Côte d’Ivoire S.A. ​ 10.0B ​ XOF ​ Dec'23 ​ Dec'28 ​ 6.50 % ​ 16,383 ​ — IHS Côte d’Ivoire S.A. ​ 78.7M ​ EUR ​ Dec'23 ​ Dec'28 ​ 3.50 % + 3M EURIBOR ​ 86,030 ​ — IHS Holding Limited ​ 430.0M ​ USD ​ Oct'22 ​ Oct'25 ​ 3.75 % + CAS + 3M SOFR ​ 432,838 ​ 370,935 IHS Holding Limited ​ 210.0M ​ USD ​ Mar'24 ​ Mar'26 ​ 4.50 % + 3M SOFR ​ 206,298 ​ — IHS Kuwait Limited ​ 16.9M ​ KWD ​ Apr'20 ​ Apr'29 ​ 2.00 % + CBK Discount Rate ​ 56,070 ​ 61,354 IHS Towers South Africa Proprietary Limited ​ 3.4B ​ ZAR ​ May'22 ​ May'29 ​ 2.75 % + 3M JIBAR ​ 194,546 ​ 185,404 IHS Zambia Limited ​ 66.5M ​ USD ​ Dec'20 ​ Dec'27 ​ 5.00 % + CAS + 3M SOFR ​ 67,003 ​ 81,297 INT Towers Limited ​ 144.4B ​ NGN ​ Jan'23 ​ Jan'28 ​ 2.50 % + MPR, 18 - 27% collar ​ 91,311 ​ 186,302 I-Systems Soluções de Infraestrutura S.A. ​ 400.0M ​ BRL ​ Oct'22 ​ Oct'30 ​ 2.45 - 2.50% + CDI ​ 77,704 ​ 84,305 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving credit facilities and overdrafts ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Holding Limited ​ 300.0M ​ USD ​ Mar'20 ​ Oct'26 ​ 3.00 % + CAS + 3M SOFR ​ — ​ — IHS Nigeria Limited ​ 51.0B ​ NGN ​ Jan'23 ​ Jan'26 ​ 2.50 % + MPR, 18 - 27% collar ​ 31,885 ​ — IHS Towers South Africa Proprietary Limited ​ 350.0M ​ ZAR ​ Oct'23 ​ Oct'24 ​ PRIME minus 0.25% ​ — ​ 675 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Letters of credit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IHS Nigeria ​ 356.5M ​ USD ​ Feb'22 ​ Dec'24 ​ 12.00 - 15.75% ​ 7,623 ​ 319,454 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,531,758 ​ 3,510,847 All Group borrowings (except letters of credit) contain customary information, customary affirmative and negative covenants, customary events of default and financial covenants (generally tested quarterly, with some exceptions). Mandatory cancellation and/or full or partial repayment may be required in certain circumstances. Loan facilities may also be voluntarily prepaid and/or cancelled by giving notice. Many of our borrowings are either guaranteed or secured.

Lease liabilities (Tables)

Lease liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Lease liabilities.
Schedule of current and non current lease liabilities	​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2024 ​ 2023 ​ ​ $’000 ​ $’000 ​ ​ ​ ​ ​ Non‑current 513,484 510,838 Current ​ 93,699 ​ 91,156 Total lease liabilities 607,183 601,994
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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease liabilities ​ 607,183 1,216,159 105,208 201,051 186,957 722,943 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease liabilities 601,994 1,181,459 101,709 193,434 180,895 705,421

Stated capital (Tables)

Stated capital (Tables)	9 Months Ended
	Sep. 30, 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 ​ 697 ​ 209 ​ 209 ​ 4,614 ​ 4,614 At September 30, 2024 333,216 ​ 100,520 ​ 99,965 5,329,139 ​ 5,299,670 ​

Cash from operations (Tables)

Cash from operations (Tables)	9 Months Ended
	Sep. 30, 2024
Cash from operations
Schedule of cash flow from operations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended Nine months ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ $’000 $’000 $’000 $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Reconciliation: ​ ​ ​ ​ ​ ​ ​ ​ Loss before taxation* ​ (199,306) ​ (252,145) ​ (1,846,598) ​ (1,442,237) Adjustments ​ ​ ​ ​ Depreciation of property, plant and equipment (note 6 and 7) ​ 78,028 ​ 92,594 ​ 231,030 ​ 302,285 Amortization of intangible assets (note 6 and 7) ​ 13,280 ​ 12,337 ​ 35,010 ​ 38,096 Amortization of prepaid site rent ​ 2,486 ​ 2,789 ​ 7,475 ​ 7,918 Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent (note 6 and 7) ​ 4,132 ​ 103,429 ​ 10,106 ​ 108,510 Impairment of assets held for sale (note 6) ​ — ​ — ​ 2,853 ​ — Impairment of goodwill (note 7) ​ — ​ — ​ 87,894 ​ — Impairment of withholding tax receivables (note 7) ​ 21,855 ​ 10,508 ​ 32,827 ​ 35,112 Impairment of inventory ​ (435) ​ — ​ (435) ​ — Net gain on disposal of property, plant and equipment (note 7) ​ (1,270) ​ (386) ​ (3,562) ​ (952) Share‑based payment expense (note 7) ​ 1,813 ​ 2,654 ​ 9,879 ​ 9,571 (Reversal of loss allowance)/loss allowance on trade receivables ​ (4,286) ​ 711 ​ (2,107) ​ 5,225 Finance income (note 8) ​ (25,732) ​ (5,823) ​ (49,696) ​ (18,233) Finance costs (note 9)* ​ 350,825 ​ 271,595 ​ 2,163,157 ​ 1,816,864 Insurance claim income ​ (11) ​ (32) ​ (51) ​ (310) Operating income before working capital changes* ​ 241,379 ​ 238,231 ​ 677,782 ​ 861,849 ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in working capital ​ ​ ​ ​ (Increase)/decrease in inventory* ​ (390) ​ (32,555) ​ (5,785) ​ 4,166 Increase in trade and other receivables ​ (67,035) ​ (61,968) ​ (254,162) ​ (199,210) Increase in trade and other payables* ​ 8,477 ​ 86,205 ​ 9,176 ​ 74,064 Net movement in working capital* ​ (58,948) ​ (8,318) ​ (250,771) ​ (120,980) ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash from operations* ​ 182,431 ​ 229,913 ​ 427,011 ​ 740,869 *Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21).

Business Combinations (Tables)

Business Combinations (Tables)	9 Months Ended
	Sep. 30, 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 ​

Effect of the revision on the_2

Effect of the revision on the Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2023 (Tables)	9 Months Ended
	Sep. 30, 2024
Effect of the revision on the Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2023
Schedule of effect of restatement of financial statements	CONDENSED CONSOLIDATED STATEMENT OF LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2023 ​ Nine months ended September 30, 2023 ​ ​ As previously reported ​ Adjustments ​ Revised ​ As previously reported ​ Adjustments ​ Revised ​ $’000 $’000 $’000 $’000 $’000 $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cost of sales ​ (365,032) ​ 6,149 ​ (358,883) ​ (949,774) ​ (12,854) ​ (962,628) Operating income ​ 7,478 ​ 6,149 ​ 13,627 ​ 369,248 ​ (12,854) ​ 356,394 Finance costs ​ (261,993) ​ (9,602) ​ (271,595) ​ (1,804,222) ​ (12,642) ​ (1,816,864) Loss before income tax ​ (248,692) ​ (3,453) ​ (252,145) ​ (1,416,741) ​ (25,496) ​ (1,442,237) Loss for the period ​ (265,351) ​ (3,453) ​ (268,804) ​ (1,505,859) ​ (25,496) ​ (1,531,355) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss attributable to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Owners of the Company ​ (263,377) ​ (3,453) ​ (266,830) ​ (1,497,525) ​ (25,496) ​ (1,523,021) Loss for the period ​ (265,351) ​ (3,453) ​ (268,804) ​ (1,505,859) ​ (25,496) ​ (1,531,355) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss per share - basic ​ (0.79) ​ (0.01) ​ (0.80) ​ (4.49) ​ (0.08) ​ (4.57) Loss per share - diluted ​ (0.79) ​ (0.01) ​ (0.80) ​ (4.49) ​ (0.08) ​ (4.57) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exchange differences on translation of foreign operations ​ 4,789 ​ 557 ​ 5,346 ​ 629,755 ​ 5,047 ​ 634,802 Other comprehensive income for the period, net of taxes ​ 4,789 ​ 557 ​ 5,346 ​ 629,755 ​ 5,047 ​ 634,802 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total comprehensive loss for the period ​ (260,562) ​ (2,896) ​ (263,458) ​ (876,104) ​ (20,449) ​ (896,553) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total comprehensive loss attributable to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Owners of the Company ​ (251,373) ​ (2,896) ​ (254,269) ​ (876,163) ​ (20,449) ​ (896,612) Total comprehensive loss for the period ​ (260,562) ​ (2,896) ​ (263,458) ​ (876,104) ​ (20,449) ​ (896,553) CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As previously reported Adjustments Revised ​ ​ Accumulated ​ Other ​ Accumulated ​ Other ​ Accumulated ​ Other ​ ​ losses ​ reserves ​ losses ​ reserves ​ losses ​ reserves ​ $’000 $’000 $’000 $’000 $’000 $’000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2023 (3,317,652) ​ (861,271) ​ — ​ — ​ (3,317,652) ​ (861,271) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss for the period (1,497,525) ​ — ​ (25,496) ​ — ​ (1,523,021) ​ — Other comprehensive income — ​ 621,362 ​ — ​ 5,047 ​ — ​ 626,409 Total comprehensive (loss)/income (1,497,525) ​ 621,362 ​ (25,496) ​ 5,047 ​ (1,523,021) ​ 626,409 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at September 30, 2023 (4,814,310) ​ (321,440) ​ (25,496) ​ 5,047 ​ (4,839,806) ​ (316,393) CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2023 ​ Nine months ended September 30, 2023 ​ ​ As previously reported ​ Adjustments ​ Revised ​ As previously reported ​ Adjustments ​ Revised ​ $’000 $’000 $’000 $’000 $’000 $’000 Cash flows from operating activities ​ ​ ​ ​ ​ ​ Cash from operations ​ 234,437 ​ (4,524) ​ 229,913 ​ 750,428 ​ (9,559) ​ 740,869 Net cash generated from/(used in) operating activities ​ 224,777 ​ (4,524) ​ 220,253 ​ 703,547 ​ (9,559) ​ 693,988 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flow from investing activities ​ ​ ​ ​ ​ ​ Purchase of property, plant and equipment ​ (124,413) ​ 4,524 ​ (119,889) ​ (393,015) ​ 9,559 ​ (383,456) Net cash (used in)/generated from investing activities ​ (188,129) ​ 4,524 ​ (183,605) ​ (638,282) ​ 9,559 ​ (628,723) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in financing activities ​ (29,115) ​ — ​ (29,115) ​ (11,806) ​ — ​ (11,806) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents at end of period ​ 425,436 ​ — ​ 425,436 ​ 425,436 ​ — ​ 425,436

Critical accounting estimates_2

Critical accounting estimates and judgements (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Critical accounting estimates and assumptions
Cash and cash equivalents	$ 397,499	$ 445,713	$ 293,823	$ 425,436	$ 433,048	$ 514,078

Capital risk management and f_3

Capital risk management and fair value measurements - Financial instruments that are measured at fair value (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Capital risk management and fair value measurements
Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of reporting period	$ 0
Transfers out of Level 2 into Level 1 of fair value hierarchy, assets held at end of reporting period	0
Transfers into Level 3 of fair value hierarchy, assets	0
Transfers out of Level 3 of fair value hierarchy, assets	0
Transfers out of Level 1 into Level 2 of fair value hierarchy, liabilities held at end of reporting period	0
Transfers out of Level 2 into Level 1 of fair value hierarchy, liabilities held at end of reporting period	0
Transfers into Level 3 of fair value hierarchy, liabilities	0
Transfers out of Level 3 of fair value hierarchy, liabilities	$ 0

Capital risk management and f_4

Capital risk management and fair value measurements - Fair value estimation (Details) - Not measured at fair value in statement of financial position but for which fair value is disclosed - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities, Carrying value	$ 3,531,758	$ 3,510,847
Fair value	3,496,503	3,224,775
Total borrowings
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities, Carrying value	3,531,758	3,510,847
Fair value	$ 3,496,503	$ 3,224,775

Segment reporting - Summarized

Segment reporting - Summarized financial information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)
Disclosure of operating segments [line items]
Number of operating segments | segment			4
Revenues from external customers	$ 420,282	$ 467,023	$ 1,273,403	$ 1,615,755
Segment Adjusted EBITDA	281,758	273,755	781,489	969,047
Elimination of intersegment amounts
Disclosure of operating segments [line items]
Revenues from external customers			0
Nigeria
Disclosure of operating segments [line items]
Revenues from external customers	242,290	271,394	739,596	1,060,964
Segment Adjusted EBITDA	158,900	164,152	433,160	655,476
SSA
Disclosure of operating segments [line items]
Revenues from external customers	120,139	133,481	359,669	379,034
Segment Adjusted EBITDA	81,046	66,285	227,154	194,701
Latam
Disclosure of operating segments [line items]
Revenues from external customers	45,148	51,883	139,385	145,876
Segment Adjusted EBITDA	33,798	38,163	100,922	104,665
MENA
Disclosure of operating segments [line items]
Revenues from external customers	12,705	10,265	34,753	29,881
Segment Adjusted EBITDA	$ 8,014	$ 5,155	$ 20,253	$ 14,205

Segment reporting - Reconciliat

Segment reporting - Reconciliation of information on reportable segments to the amounts reported in the financial statements (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Geographical information
Segment Adjusted EBITDA		$ 281,758	$ 273,755	$ 781,489	$ 969,047
Finance costs	[1]	(350,825)	(271,595)	(2,163,157)	(1,816,864)
Depreciation and amortization		(91,308)	(104,931)	(266,040)	(340,381)
Impairment of withholding tax receivables		(21,855)	(10,508)	(32,827)	(35,112)
Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent		(4,132)	(103,429)	(10,075)	(108,510)
Share-based payment expense		(1,813)	(2,654)	(9,879)	(9,571)
Other costs		(1,783)	(3,211)	(8,175)	(8,059)
Business combination costs		(578)	(161)	(958)	(1,647)
Impairment of Goodwill				(87,894)
Impairment of assets held for sale				(2,853)
Impairment of other fixed assets				(31)
Insurance claims		11	32	51	310
Net gain on disposal of property, plant and equipment		1,270	386	3,562	952
Finance income		25,732	5,823	49,696	18,233
Other non-operating income			1		59
Unallocated corporate expenses		(35,783)	(35,653)	(99,507)	(110,694)
Loss before income tax	[1]	(199,306)	(252,145)	(1,846,598)	(1,442,237)
Segment assets		4,571,232		4,571,232		$ 5,364,710
Segment liabilities		4,837,196		4,837,196		$ 5,017,356
Costs related to internal reorganization		900	600	2,700	700
Consulting fees relating to corporate structures and operating systems		700	1,700	5,200	4,500
Other one-off consulting fees		0	700	0	1,700
Professional costs related to financing		100	0	200	200
Cost of sales
Geographical information
Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent		(4,132)	(103,429)	(10,075)	(108,510)
Impairment of assets held for sale				(2,853)
SSA
Geographical information
Segment Adjusted EBITDA		81,046	66,285	227,154	194,701
Segment assets		1,404,708	1,401,864	1,404,708	1,401,864
Segment liabilities		$ 918,208	$ 819,213	$ 918,208	$ 819,213
[1] Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21).

Segment reporting - Summarize_2

Segment reporting - Summarized segment assets and liabilities and additions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Disclosure of operating segments [line items]
Segment assets	$ 4,571,232		$ 4,571,232		$ 5,364,710
Segment liabilities	4,837,196		4,837,196		$ 5,017,356
Nigeria
Disclosure of operating segments [line items]
Segment assets	864,285	$ 1,626,256	864,285	$ 1,626,256
Segment liabilities	337,821	957,814	337,821	957,814
Additions of property, plant and equipment, right of use assets and intangible assets	19,389	51,631	69,804	253,146
SSA
Disclosure of operating segments [line items]
Segment assets	1,404,708	1,401,864	1,404,708	1,401,864
Segment liabilities	918,208	819,213	918,208	819,213
Additions of property, plant and equipment, right of use assets and intangible assets	34,226	28,005	72,812	81,158
Latam
Disclosure of operating segments [line items]
Segment assets	1,950,563	2,137,361	1,950,563	2,137,361
Segment liabilities	774,138	728,975	774,138	728,975
Additions of property, plant and equipment, right of use assets and intangible assets	42,797	82,060	130,240	172,867
MENA
Disclosure of operating segments [line items]
Segment assets	176,097	185,536	176,097	185,536
Segment liabilities	101,060	113,263	101,060	113,263
Additions of property, plant and equipment, right of use assets and intangible assets	$ 2,443	$ 6,227	$ 4,939	$ 15,039

Segment reporting - Major custo

Segment reporting - Major customers (Details) - customer	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Geographical information
Number of major customers			2
Customer A
Geographical information
Revenue percentage	62%	63%	61%	60%
Customer B
Geographical information
Revenue percentage	14%	14%	15%	16%

Cost of sales (Details)

Cost of sales (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Expense by nature
Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent	$ 4,132	$ 103,429	$ 10,075	$ 108,510
Impairment of assets held for sale			2,853
Cost of sales
Expense by nature
Power generation	84,342	89,883	263,803	303,815
Depreciation	75,420	89,850	223,005	293,784
Tower repairs and maintenance	12,974	20,364	37,476	77,762
Amortization	9,167	10,908	28,769	33,871
Staff costs	5,764	7,240	18,564	25,385
Security services	5,204	9,650	13,157	33,756
Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent	4,132	103,429	10,075	108,510
Short-term rental	2,443	2,605	6,074	8,195
Insurance	1,148	1,081	3,468	3,635
Travel costs	699	1,753	4,076	7,967
Vehicle maintenance and repairs	467	495	1,359	1,556
Professional fees	462	905	1,324	2,106
Impairment of assets held for sale			2,853
Regulatory fees	(2,784)	9,365	11,815	30,562
Other	2,307	11,355	36,927	31,724
Total	201,745	358,883	662,745	962,628
Foreign exchange gains (losses)	$ (200)	$ (8,800)	(30,400)	$ (25,400)
Cost of sales | BRAZIL
Expense by nature
Indirect tax receivable			$ 1,000

Administrative expenses (Detail

Administrative expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Expense by nature
Impairment of withholding tax receivables	$ 21,855	$ 10,508	$ 32,827	$ 35,112
Share-based payment expense	1,813	2,654	9,879	9,571
Business combination costs	578	161	958	1,647
Impairment of Goodwill			87,894
Impairment of other fixed assets			31
Net gain on disposal of property, plant and equipment	(1,270)	(386)	(3,562)	(952)
Other	1,783	3,211	$ 8,175	8,059
Cash flow projection period for assessment of withholding tax asset recoverability			5 years
Administrative expense
Expense by nature
Staff costs	38,517	38,210	$ 104,135	114,765
Impairment of withholding tax receivables	21,855	10,508	32,827	35,112
Professional fees	10,971	14,231	38,065	43,634
Facilities, short term rental and upkeep	7,089	8,822	23,629	30,010
Amortization	4,113	1,429	6,241	4,225
Key management compensation	3,864	4,674	13,703	12,914
Depreciation	2,608	2,744	8,025	8,501
Travel costs	2,410	3,640	8,408	10,318
Share-based payment expense	1,813	2,654	9,879	9,571
Business combination costs	578	161	958	1,647
Operating taxes	406	266	1,075	382
Impairment of Goodwill			87,894
Impairment of other fixed assets			31
Net gain on disposal of property, plant and equipment	(1,270)	(386)	(3,562)	(952)
Other	4,145	6,882	16,250	21,750
Total	$ 97,099	$ 93,835	$ 347,558	$ 291,877

Administrative expenses - IHS L

Administrative expenses - IHS Latam impairment (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2024	Sep. 30, 2024	Dec. 31, 2023
Disclosure of information for cash-generating units [line items]
Impairment of Goodwill		$ 87,894
IHS Latam tower businesses group
Disclosure of information for cash-generating units [line items]
Impairment of Goodwill	$ 87,900
Discount rate		10.30%	11%
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

Finance Income (Details)

Finance Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Finance income.
Fair value gain on embedded options	$ 19,030		$ 29,630
Interest income - bank deposits	5,017	$ 5,761	12,851	$ 17,338
Net foreign exchange gain arising from derivative instruments - unrealized	1,307		6,985
Net foreign exchange gain arising from financing - realized	378
Fair value gain on interest rate caps		62	230	475
Net foreign exchange gain arising from derivative instruments - realized				420
Total Finance income	$ 25,732	$ 5,823	$ 49,696	$ 18,233

Finance Costs (Details)

Finance Costs (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Finance costs.
Net foreign exchange loss arising from financing - unrealized		$ 236,028	$ 128,087	$ 1,779,460	$ 1,281,497
Interest expenses - third party loans		85,503	95,500	257,425	270,491
Interest and finance charges paid/payable for lease liabilities		17,002	16,121	51,110	47,323
Interest expense - withholding tax paid on bond interest		4,625	4,233	11,771	10,974
Net foreign exchange loss on derivative instruments - realized		2,855		23,209
Fees on loans and financial derivatives		2,485	6,462	10,402	12,395
Unwinding of discount on decommissioning liability		2,293	2,360	6,831	6,941
Fair value loss on interest caps		34
Net foreign exchange loss arising from financing - realized			10,325	22,949	117,377
Fair value loss on embedded options			5,260		4,510
Net foreign exchange loss on derivative instruments - unrealized			3,247		65,356
Finance costs	[1]	$ 350,825	$ 271,595	$ 2,163,157	$ 1,816,864
[1] Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21).

Taxation (Details)

Taxation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Current taxes	$ 2,473	$ 28,567	$ 45,109	$ 91,484
Deferred income taxes	3,924	(11,908)	(4,440)	(2,366)
Total taxes	6,397	$ 16,659	40,669	$ 89,118
Deferred tax liabilities	127,923		127,923		$ 137,106
Increase (decrease) in income tax liabilities			(17,500)
Estimated current tax expense from recognition of Pillar Two taxes			4,600
Income tax payable	$ 58,100		58,100
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			$ (10,800)

Loss per share (Details)

Loss per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Loss per share
Loss for the period	[1]	$ (205,703)	$ (268,804)	$ (1,887,267)	$ (1,531,355)	[2]
Non-controlling interests		(1,560)	(1,974)	(8,727)	(8,334)
Loss attributable to IHS common shareholders		$ (204,143)	$ (266,830)	$ (1,878,540)	$ (1,523,021)
Basic weighted average shares outstanding		333,151	334,046	332,948	333,388
Potentially dilutive securities		2,880	1,811	1,628	2,079
Potentially dilutive weighted average common shares outstanding		336,031	335,857	334,576	335,467
Basic loss per share	[1]	$ (0.61)	$ (0.80)	$ (5.64)	$ (4.57)
Diluted loss per share	[1]	$ (0.61)	$ (0.80)	$ (5.64)	$ (4.57)
[1] Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21). Revised to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21).

Derivative financial instrume_3

Derivative financial instruments - Notional amount (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
IHS Holding limited, Senior Note Maturing 2026
Derivative financial instruments
Derivative instruments, notional amount	$ 500,000
IHS Holding limited, Senior Note Maturing 2028
Derivative financial instruments
Derivative instruments, notional amount	500,000
IHS Netherlands Holdco B.V., Senior Note Maturing 2027
Derivative financial instruments
Derivative instruments, notional amount	$ 940,000
Redemption after September 17, 2024 | IHS Netherlands Holdco B.V., Senior Note Maturing 2027
Derivative financial instruments
Early redemption price as a percentage of notional amount	100%
Redemption between November 29, 2023 - November 28, 2024 | IHS Holding limited, Senior Note Maturing 2026
Derivative financial instruments
Early redemption price as a percentage of notional amount	102.8125%
Redemption between November 29, 2024 - November 28, 2025 | IHS Holding limited, Senior Note Maturing 2026
Derivative financial instruments
Early redemption price as a percentage of notional amount	101.40625%
Redemption between November 29, 2024 - November 28, 2025 | IHS Holding limited, Senior Note Maturing 2028
Derivative financial instruments
Early redemption price as a percentage of notional amount	103.125%
Redemption after November 29, 2025 | IHS Holding limited, Senior Note Maturing 2026
Derivative financial instruments
Early redemption price as a percentage of notional amount	100%
Redemption between November 29, 2025 - November 28, 2026 | IHS Holding limited, Senior Note Maturing 2028
Derivative financial instruments
Early redemption price as a percentage of notional amount	101.5625%
Redemption after November 29, 2026 | IHS Holding limited, Senior Note Maturing 2028
Derivative financial instruments
Early redemption price as a percentage of notional amount	100%
Derivatives
Derivative financial instruments
Derivative instruments, notional amount	$ 1,954,500	$ 2,065,000
Embedded options within listed bonds
Derivative financial instruments
Derivative instruments, notional amount	1,940,000	1,940,000
Foreign exchange swaps
Derivative financial instruments
Derivative instruments, notional amount	$ 14,500	$ 125,000

Derivative financial instrume_4

Derivative financial instruments - Fair value (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivatives
Derivative financial instruments
Derivative financial instruments at fair value	$ 20,790	$ (66,028)
Embedded options within listed bonds
Derivative financial instruments
Derivative financial instruments at fair value	31,170	1,540
Interest rate caps
Derivative financial instruments
Derivative financial instruments at fair value	157	565
Foreign exchange swaps
Derivative financial instruments
Derivative financial instruments at fair value	$ (10,537)	$ (68,133)

Derivative financial instrume_5

Derivative financial instruments - Change in fair value of the derivative instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative financial instruments
Change in fair value of the derivative instruments	$ 20,303	$ (8,445)	$ 36,845	$ (69,391)
Embedded options within listed bonds
Derivative financial instruments
Change in fair value of the derivative instruments	19,030	(5,260)	29,630	(4,510)
Foreign exchange swaps
Derivative financial instruments
Change in fair value of the derivative instruments	1,307	(3,247)	6,985	(65,356)
Interest rate caps
Derivative financial instruments
Change in fair value of the derivative instruments	$ (34)	$ 62	$ 230	$ 475

Trade and other receivables (De

Trade and other receivables (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Trade and other non-current receivables [abstract]
Accrued income and lease incentive	$ 80,572	$ 71,904
Other tax receivables	4,754	7,116
Payment in advance for property, plant and equipment	41,872	61,874
Contingent consideration receivable		6,411
Trade and other non-current receivables	127,198	147,305
Trade and other current receivables [abstract]
Net trade receivables	322,343	212,323
Other receivables	46,032	317,452
Prepaid land rent	1,052	1,016
Other prepaid expenses	18,320	29,979
Advance payments	14,242	33,364
Withholding tax receivables	986	1,362
VAT receivables	12,519	12,339
Contingent consideration receivable	5,724
Trade and other current receivables	$ 421,218	607,835
Maximum
Trade and other current receivables [abstract]
Non-current receivable due term	20 years
Cost
Trade and other current receivables [abstract]
Net trade receivables	$ 336,716	233,528
Accumulated impairment
Trade and other current receivables [abstract]
Net trade receivables	$ (14,373)	$ (21,205)

Trade and other payables (Detai

Trade and other payables (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Non-current
Other payables	$ 5,153	$ 4,629
Trade and other payables, non current	5,153	4,629
Current
Trade payables	219,096	330,622
Deferred revenue	48,938	41,462
Withholding tax payable	5,199	3,555
Payroll and other related statutory liabilities	35,364	46,282
VAT payables	28,269	37,829
Other payables	64,063	72,877
Trade and other payables	$ 400,929	$ 532,627

Borrowings - Debt classificatio

Borrowings - Debt classification (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Borrowings
Non Current Borrowings	$ 3,354,762	$ 3,056,696
Current borrowings	176,996	454,151
Borrowings	3,531,758	3,510,847
Senior Notes
Borrowings
Non Current Borrowings	1,934,817	1,930,457
Current borrowings	22,708	26,912
Bank borrowings
Borrowings
Non Current Borrowings	1,419,945	1,126,239
Current borrowings	146,665	107,110
Bank overdraft
Borrowings
Current borrowings		675
Letters of credit
Borrowings
Current borrowings	$ 7,623	$ 319,454

Borrowings - Debt instrument (D

Borrowings - Debt instrument (Details) $ in Thousands, € in Millions, د.ك in Millions, R$ in Millions, R in Millions, ₦ in Billions, XOF in Billions	Sep. 30, 2024 USD ($)	Sep. 30, 2024 BRL (R$)	Sep. 30, 2024 XOF	Sep. 30, 2024 EUR (€)	Sep. 30, 2024 KWD (د.ك)	Sep. 30, 2024 ZAR (R)	Sep. 30, 2024 NGN (₦)	Jun. 30, 2024	Apr. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jan. 31, 2023 USD ($)	Jan. 31, 2023 NGN (₦)
Borrowings
Borrowings	$ 3,531,758										$ 3,510,847
IHS Holding limited, Senior Note Maturing 2026
Borrowings
Notional amount	$ 500,000
Interest rate	5.63%	5.63%	5.63%	5.63%	5.63%	5.63%	5.63%
Borrowings	$ 506,809										498,920
IHS Holding limited, Senior Note Maturing 2026 | Redemption between November 29, 2023 - November 28, 2024
Borrowings
Early redemption price as a percentage of notional amount	102.8125%	102.8125%	102.8125%	102.8125%	102.8125%	102.8125%	102.8125%
IHS Holding limited, Senior Note Maturing 2026 | Redemption between November 29, 2024 - November 28, 2025
Borrowings
Early redemption price as a percentage of notional amount	101.40625%	101.40625%	101.40625%	101.40625%	101.40625%	101.40625%	101.40625%
IHS Holding limited, Senior Note Maturing 2026 | Redemption after November 29, 2025
Borrowings
Early redemption price as a percentage of notional amount	100%	100%	100%	100%	100%	100%	100%
IHS Holding limited, Senior Note Maturing 2028
Borrowings
Notional amount	$ 500,000
Interest rate	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%
Borrowings	$ 506,991										498,635
IHS Holding limited, Senior Note Maturing 2028 | Redemption between November 29, 2024 - November 28, 2025
Borrowings
Early redemption price as a percentage of notional amount	103.125%	103.125%	103.125%	103.125%	103.125%	103.125%	103.125%
IHS Holding limited, Senior Note Maturing 2028 | Redemption between November 29, 2025 - November 28, 2026
Borrowings
Early redemption price as a percentage of notional amount	101.5625%	101.5625%	101.5625%	101.5625%	101.5625%	101.5625%	101.5625%
IHS Holding limited, Senior Note Maturing 2028 | Redemption after November 29, 2026
Borrowings
Early redemption price as a percentage of notional amount	100%	100%	100%	100%	100%	100%	100%
IHS Netherlands Holdco B.V., Senior Note Maturing 2027
Borrowings
Notional amount	$ 940,000
Interest rate	8%	8%	8%	8%	8%	8%	8%
Borrowings	$ 943,725										959,814
IHS Netherlands Holdco B.V., Senior Note Maturing 2027 | Redemption after September 17, 2024
Borrowings
Early redemption price as a percentage of notional amount	100%	100%	100%	100%	100%	100%	100%
IHS Brasil - Cesso de Infraestruturas S.A, debentures issued in 2023
Borrowings
Notional amount | R$		R$ 1200.0
Borrowings	$ 220,416										252,341
IHS Brasil - Cesso de Infraestruturas S.A, debentures issued in 2023 | CDI
Borrowings
Borrowings, adjustment to interest rate basis	3.10%	3.10%	3.10%	3.10%	3.10%	3.10%	3.10%
IHS Brasil - Cesso de Infraestruturas S.A, debentures issued in 2024
Borrowings
Notional amount | R$		R$ 300.0
Borrowings	$ 56,165
IHS Brasil - Cesso de Infraestruturas S.A, debentures issued in 2024 | CDI
Borrowings
Borrowings, adjustment to interest rate basis	2.80%	2.80%	2.80%	2.80%	2.80%	2.80%	2.80%	2.80%
I-Systems Solues de Infraestrutura S.A., debentures issued in 2024
Borrowings
Notional amount | R$		R$ 160.0
Borrowings	$ 29,961
I-Systems Solues de Infraestrutura S.A., debentures issued in 2024 | CDI
Borrowings
Borrowings, adjustment to interest rate basis	2.10%	2.10%	2.10%	2.10%	2.10%	2.10%	2.10%	2.10%
IHS Cote d Ivoire S.A., CIV XOF Tranche I
Borrowings
Notional amount | XOF			XOF 3.9
Interest rate	5%	5%	5%	5%	5%	5%	5%
Borrowings											6,570
IHS Cote d Ivoire S.A., CIV Euro Tranche I
Borrowings
Notional amount | €				€ 4.6
Borrowings											4,841
IHS Cote d Ivoire S.A., CIV Euro Tranche I | 3M EURIBOR
Borrowings
Borrowings, adjustment to interest rate basis	3%	3%	3%	3%	3%	3%	3%
IHS Cote d Ivoire S.A., CIV XOF Tranche II
Borrowings
Notional amount | XOF			XOF 10
Interest rate	6.50%	6.50%	6.50%	6.50%	6.50%	6.50%	6.50%
Borrowings	$ 16,383
IHS Cote d Ivoire S.A., CIV Euro Tranche II
Borrowings
Notional amount | €				€ 78.7
Borrowings	$ 86,030
IHS Cote d Ivoire S.A., CIV Euro Tranche II | 3M EURIBOR
Borrowings
Borrowings, adjustment to interest rate basis	3.50%	3.50%	3.50%	3.50%	3.50%	3.50%	3.50%
IHS Holding (2022) Term Loan Facility
Borrowings
Notional amount	$ 430,000
Borrowings	$ 432,838										370,935
Notional amount of borrowings drawn down									$ 430,000
IHS Holding (2022) Term Loan Facility | CAS + SOFR
Borrowings
Borrowings, adjustment to interest rate basis	3.75%	3.75%	3.75%	3.75%	3.75%	3.75%	3.75%
IHS Holding (2024) Term Facility
Borrowings
Notional amount	$ 210,000									$ 270,000
Borrowings	$ 206,298
IHS Holding (2024) Term Facility | 3M SOFR
Borrowings
Borrowings, adjustment to interest rate basis	4.50%	4.50%	4.50%	4.50%	4.50%	4.50%	4.50%
IHS Kuwait Limited, maturing 2029
Borrowings
Notional amount | د.ك					د.ك 16.9
Borrowings	$ 56,070										61,354
IHS Kuwait Limited, maturing 2029 | CBK Discount Rate
Borrowings
Borrowings, adjustment to interest rate basis	2%	2%	2%	2%	2%	2%	2%
IHS Towers South Africa Proprietary Limited, maturing 2029
Borrowings
Notional amount | R						R 3,400
Borrowings	$ 194,546										185,404
IHS Towers South Africa Proprietary Limited, maturing 2029 | 3M JIBAR
Borrowings
Borrowings, adjustment to interest rate basis	2.75%	2.75%	2.75%	2.75%	2.75%	2.75%	2.75%
IHS Zambia Limited, maturing 2027
Borrowings
Notional amount	$ 66,500
Borrowings	$ 67,003										81,297
IHS Zambia Limited, maturing 2027 | CAS + SOFR
Borrowings
Borrowings, adjustment to interest rate basis	5%	5%	5%	5%	5%	5%	5%
INT Towers Limited, maturing 2028
Borrowings
Notional amount | ₦							₦ 144.4
Borrowings	$ 91,311										186,302
INT Towers Limited, maturing 2028 | MPR
Borrowings
Borrowings, adjustment to interest rate basis	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%
INT Towers Limited, maturing 2028 | MPR | Minimum
Borrowings
Interest rate	18%	18%	18%	18%	18%	18%	18%
INT Towers Limited, maturing 2028 | MPR | Maximum
Borrowings
Interest rate	27%	27%	27%	27%	27%	27%	27%
I-Systems Solues de Infraestrutura S.A., maturing 2030
Borrowings
Notional amount | R$		R$ 400.0
Borrowings	$ 77,704										84,305
I-Systems Solues de Infraestrutura S.A., maturing 2030 | CDI | Minimum
Borrowings
Borrowings, adjustment to interest rate basis	2.45%	2.45%	2.45%	2.45%	2.45%	2.45%	2.45%
I-Systems Solues de Infraestrutura S.A., maturing 2030 | CDI | Maximum
Borrowings
Borrowings, adjustment to interest rate basis	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%
IHS Holding 2020 Revolving Credit Facility
Borrowings
Notional amount	$ 300,000
IHS Holding 2020 Revolving Credit Facility | CAS + SOFR
Borrowings
Borrowings, adjustment to interest rate basis	3%	3%	3%	3%	3%	3%	3%
Nigeria (2023) Revolving Credit Facility
Borrowings
Notional amount							₦ 51					$ 33,000	₦ 55
Borrowings	$ 31,885
Nigeria (2023) Revolving Credit Facility | Minimum
Borrowings
Interest rate	18%	18%	18%	18%	18%	18%	18%
Nigeria (2023) Revolving Credit Facility | Maximum
Borrowings
Interest rate	27%	27%	27%	27%	27%	27%	27%
Nigeria (2023) Revolving Credit Facility | MPR
Borrowings
Borrowings, adjustment to interest rate basis	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%
IHS Towers South Africa Proprietary Limited bank overdraft
Borrowings
Notional amount | R						R 350
Borrowings											675
IHS Towers South Africa Proprietary Limited bank overdraft | PRIME
Borrowings
Borrowings, adjustment to interest rate basis	(0.25%)	(0.25%)	(0.25%)	(0.25%)	(0.25%)	(0.25%)	(0.25%)
IHS Nigeria Limited, letters of credit maturing 2024
Borrowings
Notional amount	$ 356,500
Borrowings	$ 7,623										$ 319,454
IHS Nigeria Limited, letters of credit maturing 2024 | Minimum
Borrowings
Interest rate	12%	12%	12%	12%	12%	12%	12%
IHS Nigeria Limited, letters of credit maturing 2024 | Maximum
Borrowings
Interest rate	15.75%	15.75%	15.75%	15.75%	15.75%	15.75%	15.75%

Borrowings - Narratives (Detail

Borrowings - Narratives (Details) $ in Thousands, € in Millions, د.ك in Millions, XOF in Millions, R$ in Millions, R in Millions, ₦ in Billions	1 Months Ended										3 Months Ended		9 Months Ended
	Oct. 31, 2024 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 BRL (R$)	Jun. 30, 2024 XOF	Jun. 30, 2024 EUR (€)	Apr. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Feb. 29, 2024 USD ($)	Feb. 29, 2024 XOF	Feb. 29, 2024 EUR (€)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 BRL (R$)	Sep. 30, 2024 XOF	Sep. 30, 2024 EUR (€)	Sep. 30, 2024 KWD (د.ك)	Sep. 30, 2024 ZAR (R)	Sep. 30, 2024 NGN (₦)	Aug. 31, 2024	Dec. 31, 2023 USD ($)	Jan. 31, 2023 USD ($)	Jan. 31, 2023 NGN (₦)
Disclosure of detailed information about borrowings [line items]
Repayments of borrowings, classified as financing activities											$ 58,998	$ 226,741	$ 465,823	$ 644,591
Borrowings											3,531,758		3,531,758									$ 3,510,847
Interest paid											87,037	$ 79,173	253,001	$ 224,118
IHS Holding limited, Senior Note Maturing 2026
Disclosure of detailed information about borrowings [line items]
Notional amount											$ 500,000		$ 500,000
Interest rate											5.63%		5.63%		5.63%	5.63%	5.63%	5.63%	5.63%	5.63%
Borrowings											$ 506,809		$ 506,809									498,920
IHS Holding limited, Senior Note Maturing 2028
Disclosure of detailed information about borrowings [line items]
Notional amount											$ 500,000		$ 500,000
Interest rate											6.25%		6.25%		6.25%	6.25%	6.25%	6.25%	6.25%	6.25%
Borrowings											$ 506,991		$ 506,991									498,635
IHS Netherlands Holdco B.V., Senior Note Maturing 2027
Disclosure of detailed information about borrowings [line items]
Notional amount											$ 940,000		$ 940,000
Interest rate											8%		8%		8%	8%	8%	8%	8%	8%
Borrowings											$ 943,725		$ 943,725									959,814
IHS Brasil - Cesso de Infraestruturas S.A, debentures issued in 2023
Disclosure of detailed information about borrowings [line items]
Notional amount | R$															R$ 1200.0
Borrowings											$ 220,416		$ 220,416									252,341
IHS Brasil - Cesso de Infraestruturas S.A, debentures issued in 2023 | CDI
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis											3.10%		3.10%		3.10%	3.10%	3.10%	3.10%	3.10%	3.10%
IHS Brasil - Cesso de Infraestruturas S.A, debentures issued in 2024
Disclosure of detailed information about borrowings [line items]
Notional amount | R$															R$ 300.0
Borrowings											$ 56,165		$ 56,165
Proceeds from issue of debentures		$ 55,200	R$ 300.0
IHS Brasil - Cesso de Infraestruturas S.A, debentures issued in 2024 | CDI
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis		2.80%	2.80%	2.80%	2.80%						2.80%		2.80%		2.80%	2.80%	2.80%	2.80%	2.80%	2.80%
I-Systems Solues de Infraestrutura S.A., debentures issued in 2024
Disclosure of detailed information about borrowings [line items]
Notional amount | R$															R$ 160.0
Borrowings											$ 29,961		$ 29,961
Proceeds from issue of debentures		$ 29,400	R$ 160.0
I-Systems Solues de Infraestrutura S.A., debentures issued in 2024 | CDI
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis		2.10%	2.10%	2.10%	2.10%						2.10%		2.10%		2.10%	2.10%	2.10%	2.10%	2.10%	2.10%
IHS Cote d Ivoire S.A., CIV XOF Tranche I
Disclosure of detailed information about borrowings [line items]
Notional amount | XOF																XOF 3,900
Interest rate											5%		5%		5%	5%	5%	5%	5%	5%
Borrowings																						6,570
IHS Cote d Ivoire S.A., CIV Euro Tranche I
Disclosure of detailed information about borrowings [line items]
Notional amount | €																	€ 4.6
Borrowings																						4,841
IHS Cote d Ivoire S.A., CIV Euro Tranche I | 3M EURIBOR
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis											3%		3%		3%	3%	3%	3%	3%	3%
IHS Cote d Ivoire S.A., CIV XOF Tranche II
Disclosure of detailed information about borrowings [line items]
Notional amount | XOF																XOF 10,000
Interest rate											6.50%		6.50%		6.50%	6.50%	6.50%	6.50%	6.50%	6.50%
Proceeds from borrowings, classified as financing activities		$ 6,900		XOF 4,042.3				$ 12,100	XOF 7,109
Borrowings											$ 16,383		$ 16,383
IHS Cote d Ivoire S.A., CIV Euro Tranche II
Disclosure of detailed information about borrowings [line items]
Notional amount | €																	€ 78.7
Proceeds from borrowings, classified as financing activities		$ 35,600			€ 31.9			$ 62,600		€ 56.1
Borrowings											$ 86,030		$ 86,030
IHS Cote d Ivoire S.A., CIV Euro Tranche II | 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%	3.50%	3.50%	3.50%
IHS Holding (2022) Term Loan Facility
Disclosure of detailed information about borrowings [line items]
Notional amount											$ 430,000		$ 430,000
Proceeds from borrowings, classified as financing activities						$ 60,000
Notional amount of borrowings drawn down						$ 430,000
Borrowings											$ 432,838		$ 432,838									370,935
Reduction of maximum borrowings under facility							$ 70,000
IHS Holding (2022) Term Loan Facility | Drawdowns and repayments of borrowings
Disclosure of detailed information about borrowings [line items]
Repayments of borrowings, classified as financing activities	$ 430,000
IHS Holding (2022) Term Loan Facility | 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%	3.75%	3.75%	3.75%
IHS Holding (2024) Term Facility
Disclosure of detailed information about borrowings [line items]
Notional amount							$ 270,000				$ 210,000		$ 210,000
Borrowings											206,298		206,298
IHS Holding (2024) Term Facility | SOFR | Minimum
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis							4.50%
IHS Holding (2024) Term Facility | SOFR | Maximum
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis							7%
IHS Kuwait Limited, maturing 2029
Disclosure of detailed information about borrowings [line items]
Notional amount | د.ك																		د.ك 16.9
Borrowings											56,070		56,070									61,354
IHS Towers South Africa Proprietary Limited, maturing 2029
Disclosure of detailed information about borrowings [line items]
Notional amount | R																			R 3,400
Borrowings											$ 194,546		$ 194,546									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%	2.75%	2.75%	2.75%
IHS Zambia Limited, maturing 2027
Disclosure of detailed information about borrowings [line items]
Notional amount											$ 66,500		$ 66,500
Borrowings											$ 67,003		$ 67,003									81,297
IHS Zambia Limited, maturing 2027 | CAS + SOFR
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis											5%		5%		5%	5%	5%	5%	5%	5%
INT Towers Limited, maturing 2028
Disclosure of detailed information about borrowings [line items]
Notional amount | ₦																				₦ 144.4
Borrowings											$ 91,311		$ 91,311									186,302
I-Systems Solues de Infraestrutura S.A., maturing 2030
Disclosure of detailed information about borrowings [line items]
Notional amount | R$															R$ 400.0
Borrowings											$ 77,704		$ 77,704									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%	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%	2.50%	2.50%	2.50%
IHS Holding 2020 Revolving Credit Facility
Disclosure of detailed information about borrowings [line items]
Notional amount											$ 300,000		$ 300,000
IHS Holding 2020 Revolving Credit Facility | CAS + SOFR
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis											3%		3%		3%	3%	3%	3%	3%	3%
Nigeria (2023) Revolving Credit Facility
Disclosure of detailed information about borrowings [line items]
Notional amount																				₦ 51			$ 33,000	₦ 55
Borrowings											$ 31,885		$ 31,885
Nigeria (2023) Revolving Credit Facility | Minimum
Disclosure of detailed information about borrowings [line items]
Interest rate											18%		18%		18%	18%	18%	18%	18%	18%
Nigeria (2023) Revolving Credit Facility | Maximum
Disclosure of detailed information about borrowings [line items]
Interest rate											27%		27%		27%	27%	27%	27%	27%	27%
IHS Towers South Africa Proprietary Limited bank overdraft
Disclosure of detailed information about borrowings [line items]
Notional amount | R																			R 350
Borrowings																						675
IHS Nigeria Limited, letters of credit maturing 2024
Disclosure of detailed information about borrowings [line items]
Notional amount											$ 356,500		$ 356,500
Borrowings											$ 7,623		$ 7,623									$ 319,454
IHS Nigeria Limited, letters of credit maturing 2024 | Minimum
Disclosure of detailed information about borrowings [line items]
Interest rate											12%		12%		12%	12%	12%	12%	12%	12%
IHS Nigeria Limited, letters of credit maturing 2024 | Maximum
Disclosure of detailed information about borrowings [line items]
Interest rate											15.75%		15.75%		15.75%	15.75%	15.75%	15.75%	15.75%	15.75%
Nigeria 2023 Term Loan and Nigeria (2023) Revolving Credit Facility | Maximum
Disclosure of detailed information about borrowings [line items]
Interest rate																					27%		24%	24%
Nigeria 2023 Term Loan
Disclosure of detailed information about borrowings [line items]
Notional amount																							$ 98,900	₦ 165

Lease liabilities - Components

Lease liabilities - Components of lease (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Lease liabilities.
Non-current	$ 513,484	$ 510,838
Current	93,699	91,156
Total lease liabilities	607,183	$ 601,994
Lease payments	$ 91,000

Lease liabilities - Contractual

Lease liabilities - Contractual maturities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Disclosure of quantitative information about right-of-use assets [line items]
Carrying value	$ 607,183	$ 601,994
Total contractual cash flows	$ 1,216,159	1,181,459
Average remaining lease term	12 years 7 months 6 days
Within one year
Disclosure of quantitative information about right-of-use assets [line items]
Total contractual cash flows	$ 105,208	101,709
2-3 years
Disclosure of quantitative information about right-of-use assets [line items]
Total contractual cash flows	201,051	193,434
4-5 years
Disclosure of quantitative information about right-of-use assets [line items]
Total contractual cash flows	186,957	180,895
Over 5 years
Disclosure of quantitative information about right-of-use assets [line items]
Total contractual cash flows	$ 722,943	$ 705,421

Stated capital (Details)

Stated capital (Details) - USD ($) shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Stated capital.
Beginning Balance, Number of shares	332,519
Shares issued on exercise of options (in shares)	697
Ending Balance, Number of shares	333,216
Beginning balance, Equity	$ 347,354	$ 1,360,230
Shares repurchased and canceled through buyback program		(10,022)
Ending balance, Equity	(265,964)	464,345	[1]
Stated capital net of issue costs
Stated capital.
Beginning balance, Equity	5,394,812	5,311,953
Shares issued on exercise of options	4,823	89,432
Shares repurchased and canceled through buyback program		(10,022)
Ending balance, Equity	5,399,635	$ 5,391,363	[1]
Share capital
Stated capital.
Beginning balance, Equity	100,311
Shares issued on exercise of options	209
Ending balance, Equity	100,520
Share capital net of issue costs
Stated capital.
Beginning balance, Equity	99,756
Shares issued on exercise of options	209
Ending balance, Equity	99,965
Share premium
Stated capital.
Beginning balance, Equity	5,324,525
Shares issued on exercise of options	4,614
Ending balance, Equity	5,329,139
Share premium net of issue costs
Stated capital.
Beginning balance, Equity	5,295,056
Shares issued on exercise of options	4,614
Ending balance, Equity	$ 5,299,670
[1] Revised to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21).

Cash from operations (Details)

Cash from operations (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Loss before taxation	[1]	$ (199,306)	$ (252,145)	$ (1,846,598)	$ (1,442,237)
Adjustments:
Depreciation of property, plant and equipment		78,028	92,594	231,030	302,285
Amortization of intangible assets		13,280	12,337	35,010	38,096
Amortization of prepaid site rent		2,486	2,789	7,475	7,918
Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent		4,132	103,429	10,106	108,510
Impairment of assets held for sale				2,853
Impairment of goodwill				87,894
Impairment of withholding tax receivables		21,855	10,508	32,827	35,112
Impairment of inventory		(435)		(435)
Net gain on disposal of property, plant and equipment		(1,270)	(386)	(3,562)	(952)
Share-based payment expense		1,813	2,654	9,879	9,571
(Reversal of loss allowance)/loss allowance on trade receivables		(4,286)	711	(2,107)	5,225
Finance income		(25,732)	(5,823)	(49,696)	(18,233)
Finance costs		350,825	271,595	2,163,157	1,816,864
Insurance claim income		(11)	(32)	(51)	(310)
Operating income before working capital changes		241,379	238,231	677,782	861,849
Changes in working capital
(Increase)/decrease in inventory		(390)	(32,555)	(5,785)	4,166
Increase in trade and other receivables		(67,035)	(61,968)	(254,162)	(199,210)
Increase in trade and other payables		8,477	86,205	9,176	74,064
Net movement in working capital		(58,948)	(8,318)	(250,771)	(120,980)
Cash from operations	[2]	$ 182,431	$ 229,913	$ 427,011	$ 740,869
[1] Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21). Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21).

Business Combinations - IHS Kuw

Business Combinations - IHS Kuwait Limited (Details) $ in Thousands	1 Months Ended				9 Months Ended	12 Months Ended
	Aug. 31, 2023 item	Sep. 30, 2022 item	Oct. 31, 2021 item	Apr. 30, 2021 item	Sep. 30, 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 ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Capital commitments and contingent liabilities.
Commitments to purchase property, plant and equipment	$ 128.3	$ 162.9

Effect of the revision on the_3

Effect of the revision on the Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2023 - CONDENSED CONSOLIDATED STATEMENT OF LOSS AND OTHER COMPREHENSIVE (LOSS)/INCOME (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Cost of sales	[1]	$ (201,745)	$ (358,883)	$ (662,745)	$ (962,628)
Operating income		125,787	13,627	266,863	356,394
Finance costs	[1]	(350,825)	(271,595)	(2,163,157)	(1,816,864)
Profit/(loss) before income tax	[1]	(199,306)	(252,145)	(1,846,598)	(1,442,237)
Loss for the period	[1]	(205,703)	(268,804)	(1,887,267)	(1,531,355)	[2]
Loss attributable to:
Owners of the Company	[1]	(204,143)	(266,830)	(1,878,540)	(1,523,021)
Loss for the period	[1]	$ (205,703)	$ (268,804)	$ (1,887,267)	$ (1,531,355)	[2]
Loss per share - basic	[1]	$ (0.61)	$ (0.80)	$ (5.64)	$ (4.57)
Loss per share - diluted	[1]	$ (0.61)	$ (0.80)	$ (5.64)	$ (4.57)
Other comprehensive income:
Exchange differences on translation of foreign operations	[1]	$ 227,539	$ 5,346	$ 1,264,063	$ 634,802
Other comprehensive income for the period, net of taxes	[1]	227,539	5,346	1,264,063	634,802	[2]
Total comprehensive (loss)/income	[1]	21,836	(263,458)	(623,204)	(896,553)	[2]
Total comprehensive income/(loss) attributable to:
Owners of the Company	[1]	18,051	(254,269)	(592,175)	(896,612)
Total comprehensive (loss)/income	[1]	$ 21,836	(263,458)	$ (623,204)	(896,553)	[2]
As previously reported
Cost of sales			(365,032)		(949,774)
Operating income			7,478		369,248
Finance costs			(261,993)		(1,804,222)
Profit/(loss) before income tax			(248,692)		(1,416,741)
Loss for the period			(265,351)		(1,505,859)
Loss attributable to:
Owners of the Company			(263,377)		(1,497,525)
Loss for the period			$ (265,351)		$ (1,505,859)
Loss per share - basic			$ (0.79)		$ (4.49)
Loss per share - diluted			$ (0.79)		$ (4.49)
Other comprehensive income:
Exchange differences on translation of foreign operations			$ 4,789		$ 629,755
Other comprehensive income for the period, net of taxes			4,789		629,755
Total comprehensive (loss)/income			(260,562)		(876,104)
Total comprehensive income/(loss) attributable to:
Owners of the Company			(251,373)		(876,163)
Total comprehensive (loss)/income			(260,562)		(876,104)
Adjustments
Cost of sales			6,149		(12,854)
Operating income			6,149		(12,854)
Finance costs			(9,602)		(12,642)
Profit/(loss) before income tax			(3,453)		(25,496)
Loss for the period			(3,453)		(25,496)
Loss attributable to:
Owners of the Company			(3,453)		(25,496)
Loss for the period			$ (3,453)		$ (25,496)
Loss per share - basic			$ (0.01)		$ (0.08)
Loss per share - diluted			$ (0.01)		$ (0.08)
Other comprehensive income:
Exchange differences on translation of foreign operations			$ 557		$ 5,047
Other comprehensive income for the period, net of taxes			557		5,047
Total comprehensive (loss)/income			(2,896)		(20,449)
Total comprehensive income/(loss) attributable to:
Owners of the Company			(2,896)		(20,449)
Total comprehensive (loss)/income			$ (2,896)		$ (20,449)
[1] Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21). Revised to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21).

Effect of the revision on the_4

Effect of the revision on the Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2023 - CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023		Sep. 30, 2024	Sep. 30, 2023
Beginning balance, Equity					$ 347,354	$ 1,360,230
Total transactions with owners of the company					9,886	668
Loss for the period	[1]	$ (205,703)	$ (268,804)		(1,887,267)	(1,531,355)	[2]
Other comprehensive income/(loss)	[1]	227,539	5,346		1,264,063	634,802	[2]
Total comprehensive (loss)/income	[1]	21,836	(263,458)		(623,204)	(896,553)	[2]
Ending balance, Equity		(265,964)	464,345	[2]	(265,964)	464,345	[2]
Accumulated losses
Beginning balance, Equity					(5,293,394)	(3,317,652)
Total transactions with owners of the company						867
Loss for the period					(1,878,540)	(1,523,021)	[2]
Total comprehensive (loss)/income					(1,878,540)	(1,523,021)	[2]
Ending balance, Equity		(7,171,934)	(4,839,806)	[2]	(7,171,934)	(4,839,806)	[2]
Other reserves
Beginning balance, Equity					8,430	(861,271)
Total transactions with owners of the company					5,063	(81,531)
Other comprehensive income/(loss)					1,286,365	626,409	[2]
Total comprehensive (loss)/income					1,286,365	626,409	[2]
Ending balance, Equity		$ 1,299,858	(316,393)	[2]	$ 1,299,858	(316,393)	[2]
As previously reported
Loss for the period			(265,351)			(1,505,859)
Other comprehensive income/(loss)			4,789			629,755
Total comprehensive (loss)/income			(260,562)			(876,104)
As previously reported | Accumulated losses
Beginning balance, Equity						(3,317,652)
Loss for the period						(1,497,525)
Total comprehensive (loss)/income						(1,497,525)
Ending balance, Equity			(4,814,310)			(4,814,310)
As previously reported | Other reserves
Beginning balance, Equity						(861,271)
Other comprehensive income/(loss)						621,362
Total comprehensive (loss)/income						621,362
Ending balance, Equity			(321,440)			(321,440)
Adjustments
Loss for the period			(3,453)			(25,496)
Other comprehensive income/(loss)			557			5,047
Total comprehensive (loss)/income			(2,896)			(20,449)
Adjustments | Accumulated losses
Loss for the period						(25,496)
Total comprehensive (loss)/income						(25,496)
Ending balance, Equity			(25,496)			(25,496)
Adjustments | Other reserves
Other comprehensive income/(loss)						5,047
Total comprehensive (loss)/income						5,047
Ending balance, Equity			$ 5,047			$ 5,047
[1] Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21). Revised to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21).

Effect of the revision on the_5

Effect of the revision on the Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2023 - CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Cash from operations	[1]	$ 182,431	$ 229,913	$ 427,011	$ 740,869
Net cash generated from/(used in) operating activities	[1]	174,467	220,253	384,997	693,988
Cash flow from investing activities
Purchase of property, plant and equipment	[1]	(52,175)	(119,889)	(173,709)	(383,456)
Net cash (used in)/generated from investing activities	[1]	(44,517)	(183,605)	7,520	(628,723)
Net cash used in financing activities		(178,692)	(29,115)	(230,302)	(11,806)
Cash and cash equivalents at end of period		$ 397,499	425,436	$ 397,499	425,436
As previously reported
Cash flows from operating activities
Cash from operations			234,437		750,428
Net cash generated from/(used in) operating activities			224,777		703,547
Cash flow from investing activities
Purchase of property, plant and equipment			(124,413)		(393,015)
Net cash (used in)/generated from investing activities			(188,129)		(638,282)
Net cash used in financing activities			(29,115)		(11,806)
Cash and cash equivalents at end of period			425,436		425,436
Adjustments
Cash flows from operating activities
Cash from operations			(4,524)		(9,559)
Net cash generated from/(used in) operating activities			(4,524)		(9,559)
Cash flow from investing activities
Purchase of property, plant and equipment			4,524		9,559
Net cash (used in)/generated from investing activities			$ 4,524		$ 9,559
[1] Revised comparative periods to reflect an adjustment related to the accounting treatment of foreign exchange on goods in transit in Nigeria (see note 21).

Events after the reporting pe_2

Events after the reporting period (Details) $ in Thousands, R in Millions			1 Months Ended			3 Months Ended		9 Months Ended
	Jan. 01, 2025	Dec. 31, 2024	Oct. 31, 2024 USD ($)	Oct. 31, 2024 ZAR (R)	Apr. 30, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
Disclosure of non-adjusting events after reporting period [line items]
Repayments of borrowings, classified as financing activities						$ 58,998	$ 226,741	$ 465,823	$ 644,591
IHS Holding (2022) Term Loan Facility
Disclosure of non-adjusting events after reporting period [line items]
Notional amount						$ 430,000		$ 430,000
Notional amount of borrowings drawn down					$ 430,000
Proceeds from borrowings, classified as financing activities					$ 60,000
Drawdowns and repayments of borrowings | IHS Holding (2022) Term Loan Facility
Disclosure of non-adjusting events after reporting period [line items]
Repayments of borrowings, classified as financing activities			$ 430,000
Signing of loan agreements | IHS Holding 2024 Dual Tranche Term Loan
Disclosure of non-adjusting events after reporting period [line items]
Proceeds from borrowings, classified as financing activities			438,600
Signing of loan agreements | IHS Holding 2024 Dual Tranche Term Loan - USD Tranche
Disclosure of non-adjusting events after reporting period [line items]
Proceeds from borrowings, classified as financing activities			$ 255,000
Signing of loan agreements | IHS Holding 2024 Dual Tranche Term Loan - USD Tranche | SOFR
Disclosure of non-adjusting events after reporting period [line items]
Borrowings, adjustment to interest rate basis			4.50%	4.50%
Signing of loan agreements | IHS Holding 2024 Dual Tranche Term Loan - ZAR Tranche
Disclosure of non-adjusting events after reporting period [line items]
Proceeds from borrowings, classified as financing activities | R				R 3,246
Signing of loan agreements | IHS Holding 2024 Dual Tranche Term Loan - ZAR Tranche | JIBAR
Disclosure of non-adjusting events after reporting period [line items]
Borrowings, adjustment to interest rate basis			4.50%	4.50%
Changes in tax rates or tax laws enacted or announced | Forecast | Nigeria
Disclosure of non-adjusting events after reporting period [line items]
Withholding tax rate	2%	10%