IHS Holding Ltd. has reported its financial results, highlighting significant variations in revenue and adjusted EBITDA figures. The 2023 revenue includes a notable one-off revenue of $48 million from the smallest key customer in Nigeria, related to services previously provided but for which revenue had not been recognized. This adjustment has also been reflected in the adjusted EBITDA for the same period. In 2021, IHS Holding Ltd. had recorded $24 million of one-off revenue from two key customers in Nigeria, and a reversal of a $37 million loss allowance on trade receivables following a debt settlement with one customer. In 2022, there was an $18 million one-off revenue from a key customer in Nigeria, which was also included in the adjusted EBITDA for that year. The company has also provided a revenue and adjusted EBITDA compound annual growth rate $(CAGR)$ forecast for 2020-2024, with revenue expected to grow at a rate of 5.1% and adjusted EBITDA at 3.2%. These figures indicate a positive growth trajectory for IHS Holding Ltd. over the forecast period. Additionally, IHS Holding Ltd. continues to emphasize its sustainable business model aimed at achieving a positive social and environmental impact, along with ongoing strategic initiatives to enhance its credit and equity story.
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