Disposal

9 Months Ended

Sep. 30, 2026

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED)

20.Disposal

At December 31, 2025, our Latin American tower operations and I-Systems were classified as disposal groups held for sale and presented within discontinued operations, in accordance with IFRS 5, as part of the Group’s plan to exit its Latin American operations.

Latam Towers Disposal

In August 2026, the Group completed the Latam Towers Disposal. The net assets disposed of and the resulting net loss on disposal are as follows:


		2026
		$’m

Net assets disposed		(672.0)
Exchange differences on translation of foreign operations recycled		(36.3)
		(708.3)

Proceeds-Cash		665.6
Costs of disposal		(16.0)
Net loss on disposal		(58.7)

The net loss on disposal was included in the discontinued operations. The disposal proceeds were entirely of cash and shareholder loan redemption, and net assets disposed included cash of $24.9 million.

The assets held for sale were impaired by cumulative impairment losses of $439.5 million to align its carrying value with the transaction consideration, of which $367.4 million was incurred in the year ended December 31, 2025 and $72.2 million in the six months ended June 30, 2026.

I-Systems Disposal

In May 2026, the Group completed the I-Systems Disposal. The net assets disposed of and the resulting net gain on disposal are as follows:


		2026
		$’m

Net assets disposed		(361.4)
Non-controlling interests derecognized		180.7
Exchange differences on translation of foreign operations recycled		16.0
		(164.7)

Proceeds
Cash		183.0
Other receivables^(a)		7.0
		190.0
Costs of disposal		(5.3)
Net gain on disposal		20.0

(a)

Other receivables represent amounts held in escrow at closing which may be subject to certain deductions for indemnity claims and cannot be used for any other purpose up to the sixth anniversary of the closing date. Any amounts not applied in settlement of valid claims will be released to IHS Holding Limited thereafter. Accordingly, the balance is classified as a non-current financial asset measured at amortized cost in accordance with IFRS 9. Interest accruing on the balance is for the benefit of IHS Holding Limited and is recognized within finance income.

The net gain on disposal was included in Discontinued operations in the consolidated statement of income and other comprehensive income. Net assets disposed included cash of $5.7 million.

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (CONTINUED)

The assets held for sale were impaired by cumulative impairment losses of $95.2 million to align its carrying value with the transaction consideration, of which $92.0 million was incurred in the year ended December 31, 2025 and $3.2 million in the period ended March 31, 2026.