Three months ended
March 31,
2026
2025
$'m
Reconciliation:
Income from continuing operations before taxation
117.2
91.0
Adjustments:
Income/(loss) from discontinued operations before taxation
2.8
(21.8)
Depreciation of property, plant and equipment
50.8
78.6
Amortization of intangible assets
5.0
10.8
Amortization of prepaid site rent
0.9
0.7
Net impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent
2.9
2.0
Impairment of assets held for sale
29.9
—
Net impairment loss/(reversal) of withholding tax receivables
5.5
(12.4)
Impairment of inventory
1.3
0.2
Net (gain)/loss on disposal of property, plant and equipment and right-of-use assets
(1.5)
1.2
Share‑based payment and long-term employee benefit expenses
41.4
Net loss allowance on trade receivables
4.5
0.4
Finance income
(126.5)
(20.5)
Finance costs
125.0
114.3
Insurance claim income
(0.1)
Operating income before working capital changes
259.2
249.9
Changes in working capital
Decrease/(increase) in inventory
(14.2)
(Increase)/decrease in trade and other receivables
(34.3)
10.4
Increase/(decrease) in trade and other payables
18.0
(29.8)
Net movement in working capital
(14.3)
(33.6)
Cash from operations
244.9
216.3
No definition available.
Tabular disclosure of cash flow from operation.