Three months ended
Nine months ended
September 30,
2026
2025
$'m
Reconciliation:
Income from continuing operations before taxation
90.1
217.5
233.1
409.5
Adjustments:
Loss from discontinued operations before taxation
(40.8)
(29.1)
(39.6)
(84.2)
Depreciation of property, plant and equipment
49.7
77.7
151.6
234.1
Amortization of intangible assets
4.9
27.3
15.0
49.3
Amortization of prepaid site rent
0.7
0.8
2.7
2.1
Net impairment loss of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent
1.8
82.5
5.4
Net impairment reversal of withholding tax receivables (note 7)
(2.3)
(24.9)
(1.8)
(37.8)
Impairment loss/(reversal) of inventory
1.5
(0.2)
0.2
Net (gain)/loss on disposal of property, plant and equipment and right-of-use assets
(0.9)
0.6
(4.3)
(0.4)
Share-based payment and long-term employee benefit expenses
56.1
6.0
155.1
20.0
Net loss allowance on trade receivables
0.4
11.8
5.7
13.6
Net loss on disposal of subsidiaries before associated costs of disposal (note 20)
37.4
—
17.4
Finance income
(76.8)
(130.2)
(238.3)
(186.3)
Finance costs
115.3
101.7
339.7
330.3
Insurance claim income
(0.1)
Operating income before working capital changes
237.3
260.7
723.5
755.4
Changes in working capital
Increase in inventory
(36.8)
(42.2)
(10.5)
Decrease/(increase) in trade and other receivables
34.9
11.3
(25.1)
Increase/(decrease) in trade and other payables
(6.7)
1.1
10.9
Net movement in working capital
9.4
(1.1)
(29.8)
(24.7)
Cash from operations
246.7
259.6
693.7
730.7
No definition available.
Tabular disclosure of cash flow from operation.