New Street Research - Helios Towers (HTWS) Helios Towers (Buy, TP: £1.80, +1%) Q3 25: Strong, positive MT guidance, near term remuneration well ahead of expectations

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New Street Research

Chris Hoare

EUR 8690.00 For Business Accounts Only

Helios Towers (Buy, TP: £1.80, +1%) Q3 25: Strong, positive MT guidance, near term remuneration well ahead of expectations

Helios Towers reported strong set of results today with EBITDA trends accelerating and the tenancy ratio continuing to rise. Net leverage ratio improved and FY25 guidance has been slightly lifted. The company has also released positive Mid-term guidance, instituted a $75m share buyback and given positive medium term shareholder remuneration strategy.

06/11/2025 1 EN

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Helios Towers

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GB00BJVQC708 London Stock Exchange United Kingdom

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

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Analysts

Chris Hoare

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Helios Towers (Buy, TP: £1.80, +1%) Q3 25: Strong, positive MT guidance, near term remuneration well ahead of expectations

EM Tower Trends Q2 CY25 review: Stable; Upgrade IHS and Helios price targets

Helios Towers (Buy, TP: £1.40, +18%) Q2 25: Solid quarter; guidance reiterated, CMD in November

Arm 2FQ26: Royalty beat; cost pressure; long-term fundamentals unchanged. Neutral; $145 TP.

ATUS 3Q25 Quick Take: Subs and EBITDA miss; ’25 full year EBITDA guidance reaffirmed

Liberty LA (Buy, TP: $14.9, +89%) Q3 25: Good quarter but limited visibility on Hurricane Melissa impacts

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