"I am proud of our achievements in 2024 as we continue making progress towards our 2.2x by 2026 target, while increasing the population coverage of our towers by seven million people to 151 million. The team is excited to carry this momentum into 2025, as we move closer to achieving our 2026 targets and align on new medium-term goals."
Tom GreenwoodCEO
Group Financial KPIs
| (In US$m, unless indicated otherwise) | FY 2023 | FY 2022 | Change |
|---|---|---|---|
| Revenue | 721.0 | 560.7 | +29% |
| Adjusted EBITDA | 369.9 | 282.8 | +31% |
| Adjusted EBITDA margin % | 51% | 50% | +1ppt |
| Operating profit | 146.1 | 80.3 | +82% |
2024 highlights
| (In US$m, unless indicated otherwise) | FY 2024 | FY 2023 | Change |
|---|---|---|---|
| Sites | 14,325 | 14,097 | +4% |
| Tenancy ratio | 2.05X | 1.91x | +0.1x |
| Adjusted EBITDA | 421.0 | 369.9 | +14% |
| ROIC | 12.9% | 12.0% | +0.99ppt |
| Free cash flow | 18.7 | -81.1 | +99.8 |
| Net leverage | 3.98x | 4.42x | -0.44x |