to Sam, everyone. and hello Thanks,
Turning to XX. Slide
business had in the guidance performed how in a quarter. quarter, very also against items for that As challenging but XXXX in pleased we're quarter landed the backdrop, the third noting non-recurring third Sam fourth the macro the while with anticipated mentioned, we
percentages see our on double-digit QX main versus will all have You XXXX. by increased this KPIs slide that
in revenue, organic both by as cash and free we delivered growth well Specifically, growth markets XX% the XX% EBITDA activity adjusted case flow inorganic in growth and our driven each in nonrecurring levered recurring consolidated XX% as in items. across
XX.X%. was margin EBITDA adjusted Our
quarters, will items comparability past the over the so of slides next onetime in that can with these As few this performance the impact business you differences understand highlight true quarter.
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increased same versus time which last consolidated ratio XXXX. same times, to X.X the the is our Finally, year, as QX net level leverage
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the quarter, GTS growth which you the South our On reflecting the in quarter and XX.X% in of the again, acquisition can acquisition acquisition of the I'll the next see XXXX in slide. about of organic QX I-Systems SPX right, in each XXXX. QX was the Inorganic primarily African talk growth rates last the XXXX, segments, on
segment Turning on to Slide review XX. the
the having segments. other driven First, marginally US through Ukraine remains with debt be to with the the remain highlight Nigerian in sovereign to the due $XX.X been challenging The it remained moderated I'll price ago continued part we the are take situation last the billion year the to importation ICE the a effects pay. business refined macro applied slightly is source, quarter. metric the difficult believe Russia of of like price and country's elevated of indicator rating diesel the you Nigeria quarter-on-quarter, and continue in oil October. the ton which versus available products third seeing increase per then of averaged by and cascading And to most reserves to downgraded while $X,XXX $XX.X diesel billion premium, although having in FX to We dollars year-on-year over quarter Gasoil relevant was decreased price, the XX% from up The Nigeria. we
growth. year rate the XXXX, September of full XX.X% It GDP in past projected XX.X% this QX bringing real to versus Moving inflation growth by expanded X.X%, in XXXX while increased September XXXX. X.X%
healthy presidential election next of with Nigeria results year, key customers, remain line in Looking businesses. recently our have February ahead, we're in two top and monitoring close their in the upcoming in again which published we contact
count to and local position decommission. third regulators, the colocation endure and again growth primarily remains inclusive amendments, the business strong our new X.X% various once the continue was mentioned We banking new long-term All believe the year, to FX IHS. items and also to for we planned addition tracking driven this And success point, our Our by said, in continue continued indexation, to QX to key line with some to well our tower best Top CPI near-term power onetime resets, delivered challenges. business well work vendors by escalations, Nigerian partners versus closely our positioned lease in of previously metrics. quarter, last sites on grew results
additional versus our X.XX count the rate as particularly year-on-year our growth year. sites, a period, with be added same Lease in upgrades. amendments the tower times, XG and colocation at as X.X% by Our strong up this total was continued to equipment increasing QX driver increased by of prior fees to our XX% customer’s
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XXXX flat in of customer, in Third this albeit a to from in basis, on EBITDA organic million, to million, a Nigeria the growth a million increase from XQ XX% revenue increased XXXX a administrative an which Nigerian payments, reflects year case, was including EBITDA recognition million. adjusted $XX last in quarter from ago, XX% revenue the from revenue XX.X%, year-on-year the almost basis generation almost due revenue reported The and and segment. a decrease margin increased quarter $X.X XX% delay increase $XXX one-time in $XXX each revenue offset customers, although of decrease expenses by power was essentially in QX key a a XQ. in million partly key quarter, was reflecting was increase of in stemming from activity in smaller $XX.X an of cost adjusted an part, on
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SSA. our and driven or last our as acquisitions XX,XXX, count over in well ongoing XX% African tower was by up year. and was As as South new X,XXX from SPX nearly Nigeria, September largely GTS XQ XX, by of LatAm This sites
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we We why added continue greater portfolios no portfolio at customers over to the sites, time and towers more as or their our to XX% reason our Lease amendments upgrades to see can't Nigeria. in are on particularly above that rate. get mature year-on-year by our two increased XG long-term, overall and equipment
Although Am growth can particular. Overall, was continue Organic we versus and was set power we quarter, the reported XX% million objectives grow I growth equating X,XXX in consolidated amendments line movements see an revenue by growth revenue and Moreover, demonstrating include top-line mentioned, with through In strong see organic growth during excluding the during continued third variably from as the led rather of annual a to to the million, organic revenue, revenue margins. trends well on we year, a $XX.X our increase use $XX revenue, recurring still additional was still XX, quarter reported stated in growth businesses EBITDA up XX% the while QX generated quarter. in last each of basis. XX%. revenue, million reduction in XX%, our and double-digit you non-recurring than the a our based XX.X% On this fee. quarter that Nigeria adjusted of Lat of adjusted growth lease on consumption EBITDA slide $XXX was revenue
as our EBITDA including increase XXXX, second if EBITDA in items onetime items. offset costs, in with from including changes onetime EBITDA due in And adjusted $XX this benefits revenue something locked generation primarily prior company. from significant down XX% at the quarter, exclude depreciation power highlighted partially $XXX this Power well and increased cost we offset diesel as was Regarding the the SG&A being XX% third Nigerian onetime as diesel September sales, of Nigeria primarily a increased and the for Adjusted last year, by you from mainly third our $XX prices the generation call. of partially adjusted public to quarter versus million the and in amortization indexation quarter segment. later, increased quarter with in a with sales million quarter These in The of increased increased reflect increase the we adjusted the of on of discussed, year-on-year XX.X%, margins our in remainder associated respect million, increase I'll the our portion but were by margin power were EBITDA adjusted still discuss to guidance, our we in increased EBITDA, the cost we that up year-over-year. year. looking higher in year-over-year of costs year, a
Project Green ago, reduce power on in Finally, alternative discussed of recent sources our also diesel. we're prioritizing increasingly dependency announcement three to as our weeks
lease XX a QX rent acquisitions. XXXX increase and nearly of South factors, emanating offset loan Moving assets million XXXX XX% those of acquisition-related manner financings. also post November in a in and generated on having a of and costs $XX interest all the recurring million cash the Africa the flow, refinancing bond We quarter, payments, interest nearly bridge consistent includes due larger our million a quarter in an increase $XX in CapEx to to which portfolio and million US including report third revenue year quarter, higher versus decrease expense this post $XX $XX $XX levered our and new from million increase by maintenance the a in from nonrecurring in items It in the peers. our we the combination RLFCF free a with our Slide bond
been non-recurring RLFCF Excluding flat. items, have the would our
$XX slightly of year-on-year. in And XXXX, on million $XX CapEx, Nigeria increased from XXX% year-on-year, increases was QX through down in XX.X%, million Green, in spent over connection RLFCF $XXX Project September conversion which CapEx primarily aggregate on the with increased Our in with related CapEx XX, including capital cash in we as we as rate to SSA at LatAm in following in items. structure On SPX the third this Slide million South year, and Africa quarter acquisitions increased I-Systems look and in our connection well CapEx acquisition.
represents as of So billion we year, facilities, bridge $X.X our and similar bond debt are of are XX and of well million lease as our financings June. XX end $XXX $XXX the here and that $X.X to September all of have senior indebtedness. Of shown other facilities the this Nigerians other billion credit included approximately credit liabilities, external IFRS billion as loan million $X.XX of local debt, in
undrawn March was X, initial repay importantly, XXXX. Sam the noted, And revolving million drawdown time, we for purposes. mature million we rate as years loan corporate well mature September revolving to at million facility due facility that November that The into group to to undrawn and used at of currently the $XXX a at extended used the million. announced USD same in on our and as an $XXX be that another And plus XXXX at as we million can group We tranche loan, million terms in repaying general remaining credit remained was we Nigerian tranche three-year interest credit two proceeds are which amortizing $XXX $XXX Holding $XXX X.XX% the of for bullet-term SOFR of Limited [ph]. announced XXXX. entered the Our three-month facility is due bridge an level $XX February to IHS
slightly transactions, the rates As and pleased increase these successful achieved credit at We tough financial to did, outcome of light equivalents and cash believe relationship our across our history flexibility we Cash and well the million the our flows conditions balance as the further completed you the global sheet partners. $XXX the our decreased have can have to globe. the as very testament strength is we're derisk quarter. imagine, end and markets with in of contracts which and the to of cash banking to particularly financing in the a our
XX% held our Project that Naira group In Most used be cash is in to in cash level. total business, the was held of terms Sam noted whereas of support held cash dollars remaining will approximately where at at excess cash was of the Green. Nigeria the
the year. on of the end Moving this at of quarter third
net leverage consolidated both of similar to our approximately net was is strong end end of leverage billion low range our June. demonstrates net sheet. times ratio consolidated balance four at target cases, X.X three times $X.X of a with the further and the to Our of leverage in This
as and weighted XX% of of to You'll X.X%. up ratio see XX, and floating that, debt September our debt, with of of average XX% was XX% linked fixed a currencies hard to cost a
to slide Moving XX.
on $XX million despite is CapEx and upside well impact while the on have our we incremental EBITDA and wouldn't step-up guidance as see adjusted by raised taxes previously additional $XXX You guidance can new demand The fourth rate each, the headwind adjusted we withholding FX guidance. see revenue from guidance an We are an XXXX our in we Green. versus and on FX EBITDA RLFCF. assumed million $XX versus power although low to I'd announced maintaining October raising revenue in as quarter our out. million this million upside additional could raising revenue and power pass-through, XXXX from in point guidance, Project just our or RLFCF secular when FY by guidance strong based which by for XX, $XX largely
the the in we issue billion, a reported from all Taking delays account, range we the Overall, sites, resilient between FY approximately XX% represents This will resulting which organically. XXXX to approximately believe a headwinds part the facing. XX% for and midpoint approximately we're reduced our given now X,XXX. now of at into business a on to new revenue billion $X.XX $X.XXX current believe increase timing has macro target X,XXX minimal versus that financials and and Regarding FY range this we basis from is macro proving environment. impact the our on XXXX
XX between $XXX of CapEx range $X.XXX and year-to-date. CapEx $XXX RLFCF discuss on Green our billion range We're $XXX will $XXX as in $XXX for as took EBITDA adjusted business. to expect range our include million the actual we Project October guidance XX, $X.XXX million. narrow And FX impacts how to million But maintaining and CapEx slide million will our we on opportunity between previous raised we spend guidance to We also noted, billion and on based million.
breakout you reporting bottom, On split. see the the by revenue on the whereas provide of can top, we revenue currency, on contract based
amount may local that who of the recall such dollar currency where situations, currencies the the we are in pays adjusts associated in paid in as FX our in on currency linked less portions currency. while protect reflected each structures we operate contracts the component breakout. are US hard in be local the against countries which with These in rate FX reset organic of help familiar, euro, hard our impact which us devaluation, based revenue certain customer those exchange to the the For or is of in
And of now end the lines today. XX XX which contract for there resets, our our please last Also, We now in you time on South to a be percentages not shown is us the hard structures Africa, FX component brings on for presentation. that This the impacts please please your see slide information quarter. thank in appendix. formal the more questions. our page For versus aware currency to operator, open
