Airtel Africa Plc (AAF) - Net Assets
Based on the latest financial reports, Airtel Africa Plc (AAF) has net assets worth GBX3.21 Billion GBX (≈ $390.69K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX13.44 Billion ≈ $1.64 Million USD) and total liabilities (GBX10.23 Billion ≈ $1.24 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Airtel Africa Plc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX3.21 Billion |
| % of Total Assets | 23.89% |
| Annual Growth Rate | N/A |
| 5-Year Change | -17.24% |
| 10-Year Change | N/A |
| Growth Volatility | 22.94 |
Airtel Africa Plc - Net Assets Trend (2017–2025)
This chart illustrates how Airtel Africa Plc's net assets have evolved over time, based on quarterly financial data. Also explore AAF current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Airtel Africa Plc (2017–2025)
The table below shows the annual net assets of Airtel Africa Plc from 2017 to 2025. For live valuation and market cap data, see Airtel Africa Plc (AAF) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX2.77 Billion ≈ $337.64K |
+20.65% |
| 2024-03-31 | GBX2.30 Billion ≈ $279.84K |
-39.60% |
| 2023-03-31 | GBX3.81 Billion ≈ $463.32K |
+4.36% |
| 2022-03-31 | GBX3.65 Billion ≈ $443.98K |
+8.83% |
| 2021-03-31 | GBX3.35 Billion ≈ $407.96K |
+2.19% |
| 2020-03-31 | GBX3.28 Billion ≈ $399.20K |
+35.02% |
| 2019-03-31 | GBX2.43 Billion ≈ $295.66K |
+284.51% |
| 2018-03-31 | GBX-1.32 Billion ≈ $-160.24K |
-31.96% |
| 2017-03-31 | GBX-998.00 Million ≈ $-121.43K |
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Equity Component Analysis
This analysis shows how different components contribute to Airtel Africa Plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 855600000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX4.92 Billion | 198.07% |
| Common Stock | GBX1.83 Billion | 73.81% |
| Other Comprehensive Income | GBX-4.27 Billion | -171.88% |
| Total Equity | GBX2.49 Billion | 100.00% |
Airtel Africa Plc Competitors by Market Cap
The table below lists competitors of Airtel Africa Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Revival Gold Inc
V:RVG
|
$156.72 Million |
|
Oxford Square Capital Corp
NASDAQ:OXSQ
|
$156.81 Million |
|
LWSABAH
KLSE:5328
|
$156.82 Million |
|
Sebo Manufacturing Engineering & Construction Corp
KQ:011560
|
$156.86 Million |
|
Young Poong Precision Corporation
KQ:036560
|
$156.69 Million |
|
Valens
NYSE:VLN
|
$156.62 Million |
|
DIO Corporation
KQ:039840
|
$156.61 Million |
|
Ge Shen Corporation Bhd
KLSE:7197
|
$156.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Airtel Africa Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,160,000,000 to 2,486,000,000, a change of 326,000,000 (15.1%).
- Net income of 220,000,000 contributed positively to equity growth.
- Dividend payments of 229,000,000 reduced retained earnings.
- Share repurchases of 120,000,000 reduced equity.
- Other comprehensive income increased equity by 487,000,000.
- Other factors decreased equity by 32,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX220.00 Million | +8.85% |
| Dividends Paid | GBX229.00 Million | -9.21% |
| Share Repurchases | GBX120.00 Million | -4.83% |
| Other Comprehensive Income | GBX487.00 Million | +19.59% |
| Other Changes | GBX-32.00 Million | -1.29% |
| Total Change | GBX- | 15.09% |
Book Value vs Market Value Analysis
This analysis compares Airtel Africa Plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 526.79x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | GBX-0.20 | GBX353.20 | x |
| 2018-03-31 | GBX-0.29 | GBX353.20 | x |
| 2019-03-31 | GBX0.70 | GBX353.20 | x |
| 2020-03-31 | GBX0.94 | GBX353.20 | x |
| 2021-03-31 | GBX0.91 | GBX353.20 | x |
| 2022-03-31 | GBX0.93 | GBX353.20 | x |
| 2023-03-31 | GBX0.97 | GBX353.20 | x |
| 2024-03-31 | GBX0.58 | GBX353.20 | x |
| 2025-03-31 | GBX0.67 | GBX353.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Airtel Africa Plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.85%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.44%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 4.84x
- Recent ROE (8.85%) is above the historical average (8.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | -21.84% | 0.34x | 0.00x | GBX-553.20 Million |
| 2018 | 0.00% | -4.74% | 0.34x | 0.00x | GBX-29.50 Million |
| 2019 | 15.69% | 13.39% | 0.34x | 3.47x | GBX149.40 Million |
| 2020 | 10.92% | 10.81% | 0.37x | 2.75x | GBX31.20 Million |
| 2021 | 9.96% | 8.67% | 0.39x | 2.93x | GBX-1.50 Million |
| 2022 | 18.02% | 13.39% | 0.45x | 2.96x | GBX280.80 Million |
| 2023 | 18.24% | 12.62% | 0.47x | 3.07x | GBX299.50 Million |
| 2024 | -7.64% | -3.30% | 0.51x | 4.57x | GBX-381.00 Million |
| 2025 | 8.85% | 4.44% | 0.41x | 4.84x | GBX-28.60 Million |
Industry Comparison
This section compares Airtel Africa Plc's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $2,037,247,586
- Average return on equity (ROE) among peers: 8.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Airtel Africa Plc (AAF) | GBX3.21 Billion | 0.00% | 3.19x | $156.70 Million |
| Bigblu Broadband PLC (BBB) | $-441.00K | 0.00% | 0.00x | $31.83K |
| BT Group Plc (BT-A) | $14.51 Billion | 13.13% | 2.63x | $256.88 Million |
| Gamma Communications PLC (GAMA) | $254.20 Million | 21.09% | 0.42x | $10.46 Million |
| Helios Towers Plc (HTWS) | $251.60 Million | -36.89% | 3.43x | $25.14 Million |
| Maintel Holdings Plc (MAI) | $27.06 Million | 11.39% | 3.22x | $209.69K |
| Orient Telecoms (ORNT) | $540.66K | 7.46% | 0.49x | $4.87K |
| Vodafone Group PLC (VOD) | $899.69 Million | 35.09% | 0.51x | $333.36 Million |
| Zegona Communications Plc (ZEG) | $351.33 Million | 19.71% | 0.04x | $50.66 Million |
About Airtel Africa Plc
Airtel Africa Plc, together with its subsidiaries, provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa. It offers pre and post-paid wireless voice, international roaming, and fixed line telephony services; data services, including 4G and 5G, home broadband, fibre, and data centers; and mobile money services, such as digital wallet payments systems… Read more