v3.26.1
Discontinued operations and disposal groups (Tables)
6 Months Ended
Jun. 30, 2026
Discontinued operations and disposal groups  
Schedule of discontinued operations

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

Six months ended

​

​

​

​

June 30, 

​

June 30, 

​

June 30, 

​

June 30, 

​

​

  ​ ​ ​

​

2026

​

2025

​

2026

​

2025

​

  ​ ​ ​

​

  ​ ​ ​

$’m

  ​ ​ ​

$’m

  ​ ​ ​

$’m

  ​ ​ ​

$’m

​

​

​

​

​

​

​

​

​

​

​

Revenue

​

​

​

42.4

​

45.1

​

94.2

​

92.6

Cost of sales

​

​

​

(4.7)

​

(39.9)

​

(11.3)

​

(79.8)

Administrative expenses

​

​

​

(6.7)

​

(8.9)

​

(14.7)

​

(19.6)

Gain on disposal of subsidiary (note 20)

​

​

​

20.0

​

—

​

20.0

​

—

Impairment of held for sale non-current assets

​

​

​

(45.4)

​

—

​

(75.4)

​

—

Other income

​

​

​

0.2

​

0.9

​

0.2

​

1.2

Operating income/(loss)

​

​

​

5.8

​

(2.8)

​

13.0

​

(5.6)

Finance income

​

​

​

4.0

​

4.4

​

13.9

​

6.5

Finance costs

​

​

​

(11.5)

​

(34.9)

​

(25.8)

​

(56.1)

(Loss)/income before tax from discontinued operations

​

​

​

(1.7)

​

(33.3)

​

1.1

​

(55.2)

Income tax (expense)/benefit:

​

​

​

​

​

​

​

​

​

​

Related to pre tax income from the ordinary activities

​

​

​

(1.6)

​

13.1

​

(1.5)

​

18.7

Related to remeasurement to fair value less costs to sell

​

​

​

10.9

​

—

​

17.9

​

—

Income/(loss) from discontinued operations

​

​

​

7.6

​

(20.2)

​

17.5

​

(36.5)

​

​

​

​

​

​

​

​

​

​

​

Other comprehensive income:

​

​

​

​

​

​

​

​

​

​

Exchange differences on translation of foreign operations

​

​

​

4.0

​

54.9

​

35.9

​

129.5

Other comprehensive income for the period, net of taxes

​

​

​

4.0

​

54.9

​

35.9

​

129.5

​

​

​

​

​

​

​

​

​

​

​

Total comprehensive income for the period

​

​

​

11.6

​

34.7

​

53.4

​

93.0

​

​

​

​

​

​

​

​

​

​

​

Net cash from operating activities

​

​

​

41.6

​

28.2

​

76.5

​

55.4

Net cash used in investing activities

​

​

​

(13.8)

​

(15.4)

​

(29.8)

​

(41.5)

Net cash used in financing activities

​

​

​

(28.1)

​

(6.4)

​

(40.4)

​

(37.0)

Net (decrease)/increase in cash by the discontinued operation

​

​

​

(0.3)

​

6.4

​

6.3

​

(23.1)

Schedule of Assets held for sale and liabilities held for sale

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2026

​

December 31, 2025

​

​

Tower businesses

​

Tower businesses

​

I-Systems

​

Total

​

​

$’m

​

$’m

  ​ ​ ​

$’m

  ​ ​ ​

$’m

​

​

​

​

​

​

​

​

​

Non‑current assets

​

​

​

​

​

​

​

​

Property, plant and equipment

​

298.1

​

293.3

​

269.4

​

562.7

Right-of-use assets

​

254.0

​

244.6

​

0.7

​

245.3

Other intangible assets

​

188.9

​

194.9

​

137.1

​

332.0

Deferred income tax assets

​

163.1

​

138.4

​

6.1

​

144.5

Trade and other receivables

​

69.6

​

69.9

​

5.3

​

75.2

​

​

​

​

​

​

​

​

​

Current assets

​

​

​

​

​

​

​

​

Trade and other receivables

​

42.2

​

39.3

​

26.4

​

65.7

Cash and cash equivalents

​

19.9

​

16.9

​

10.7

​

27.6

Assets held for sale

​

1,035.8

​

997.3

​

455.7

​

1,453.0

​

​

​

​

​

​

​

​

​

Non‑current liabilities

​

​

​

​

​

​

​

​

Trade and other payables

​

-

​

-

​

(5.5)

​

(5.5)

Borrowings

​

-

​

-

​

(82.8)

​

(82.8)

Lease liabilities

​

(259.4)

​

(232.0)

​

(0.5)

​

(232.5)

Provisions for other liabilities and charges

​

(32.7)

​

(36.8)

​

-

​

(36.8)

Deferred income tax liabilities

​

(11.2)

​

(14.0)

​

-

​

(14.0)

​

​

​

​

​

​

​

​

​

Current liabilities

​

​

​

​

​

​

​

​

Trade and other payables

​

(42.2)

​

(42.6)

​

(23.6)

​

(66.2)

Borrowings

​

-

​

-

​

(13.9)

​

(13.9)

Lease liabilities

​

(45.6)

​

(40.9)

​

(0.4)

​

(41.3)

Liabilities held for sale

​

(391.1)

​

(366.3)

​

(126.7)

​

(493.0)