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(Sharecast News) - Helios Towers tightened its full-year guidance upwards on Thursday as it hailed record tenancy additions in the year to date and "exceptional" customer demand across its markets.
In a trading update for the nine months to September end, the mobile tower company said tenancies jumped 12% from the same period a year earlier to 35,379, while adjusted earnings before interest, tax, depreciation and amortisation rose 13% to $392.2m.
Operating profit was 23% higher at $259.1m and revenue grew 13% $718.8m.
Helios said the business was underpinned by record future contracted revenues of $6.2bn, of which 98% is from large multinational mobile network operators and around 70% from investment grade customers, with an average remaining initial life of 6.4 years.
For the full year, Helios now expects tenancy additions of around 4,000, having previously guided to between 3,500 and 4,000. Guidance for adjusted EBITDA was tightened to around $535m from between $520m and $535m and the company now expects recurring free cash flow of more than $235m, having previously given guidance for between $220m and $235m.
Chief executive Tom Greenwood said: "We continue to deliver strong operational and financial performance, underpinned by exceptional and accelerating customer demand across our markets.
"With record tenancy additions, sustained double-digit earnings growth and strong cash flow generation, we have tightened our full-year guidance upwards, reinforcing our confidence in the outlook for 2026. This momentum is expected to continue into 2027, and we expect to deliver over 3,000 tenancies next year, supporting continued double-digit adjusted EBITDA growth."
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