Nigeria was IHS Holding’s largest segment in fiscal 2025, bringing in $1.07B of $1.58B (68%).
| Segments [axis] | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Nigeria | $1.35B | $1.38B | $998.50M | $1.07B | |||
| Ssa | $412.82M | $503.00M | $483.80M | $513.20M | |||
| Latam | $160.01M | $200.20M | $184.00M | — | |||
| Mena | $36.07M | $40.70M | $44.90M | — | |||
| Total | $1.96B | $2.13B | $1.71B | $1.58B |
IHS Holding brought in $1.58B from its two segments in fiscal 2025, the year ended December 31, 2025. IHS Holding regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $1.71B. Nigeria was the largest at $1.07B (67.6%), ahead of Ssa at $513.20M (32.4%).
Compared with fiscal 2024, Nigeria grew 7.0% to $1.07B and Ssa grew 6.1% to $513.20M.
IHS Holding stopped reporting Latam ($184.00M in fiscal 2024) and Mena ($44.90M in fiscal 2024) as separate segments.
Nigeria was IHS Holding’s largest region in fiscal 2025, bringing in $1.07B of $1.58B (68%).
| Geography | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Nigeria | $1.35B | $1.38B | $998.50M | $1.07B | |||
| Rest Of World | $608.90M | $543.70M | $528.70M | $513.20M | |||
| Brazil | — | $195.00M | $178.40M | — | |||
| Rest Of Latin America | — | $5.20M | $5.60M | — | |||
| Total | $1.96B | $2.13B | $1.71B | $1.58B |
IHS Holding brought in $1.58B from its two regions in fiscal 2025, the year ended December 31, 2025. IHS Holding regrouped these regions after fiscal 2024, so the total does not compare directly with that year's $1.71B. Nigeria was the largest at $1.07B (67.6%), ahead of Rest Of World at $513.20M (32.4%).
Compared with fiscal 2024, Nigeria grew 7.0% to $1.07B, while Rest Of World fell 2.9% to $513.20M. From fiscal 2022 to 2025, combined revenue from these regions fell from $1.96B to $1.58B, a compound annual decline of 6.9%. Nigeria's share of the total fell from 69.0% to 67.6%.
IHS Holding stopped reporting Brazil ($178.40M in fiscal 2024) and Rest Of Latin America ($5.60M in fiscal 2024) as separate regions.
IHS Holding (IHS) reports its revenue by segments [axis] and by geography. In fiscal 2025, Nigeria was its largest segment, bringing in $1.07B (67.6% of the total), followed by Ssa at $513.20M (32.4%).
Nigeria was IHS Holding's largest segment in fiscal 2025, bringing in $1.07B, or 67.6% of the $1.58B total across its two segments.
Nigeria was IHS Holding's largest region in fiscal 2025, bringing in $1.07B, or 67.6% of the $1.58B total across its two regions.
Every figure comes from IHS Holding's annual financial filings, as reported. Each line keeps the name IHS Holding gives it, and years follow its fiscal calendar.
IHS Holding's revenue by segments [axis] goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.