Giant Telco Sonatel Sees 18% Jump in Full-Year Net Income
TLDR
- Senegal's Sonatel posted 9.6% revenue growth in FY24 to XOF 1,776.4 billion ($2.84 billion)
- EBITDA after leases increased 12.3% YoY to XOF 839.2 billion ($1.34 billion) while net income surged 18.7%
- The BRVM-listed mobile operator retains 60% market share across Senegal, Mali, Guinea, Guinea-Bissau, and Sierra Leone
Senegal's Sonatel, the leading telecom operator in francophone West Africa, posted 9.6% revenue growth in FY24 to XOF 1,776.4 billion ($2.84 billion), driven by mobile data, broadband, and Orange Money.
EBITDA after leases (EBITDAal) increased 12.3% YoY to XOF 839.2 billion ($1.34 billion), while net income surged 18.7% YoY to XOF 393.7 billion ($629.1 million). Capital expenditures rose 18.5% YoY to XOF 300.5 billion ($480.3 million), reflecting investments in infrastructure and 5G expansion.
The BRVM-listed mobile operator (SNTS) retains 60% market share across Senegal, Mali, Guinea, Guinea-Bissau, and Sierra Leone, with 42.4 million mobile subscribers (+3.3% YoY) and 12.6 million Orange Money users (+8.4% YoY). The stock remains the most valuable on the BRVM, representing 24.1% of total market capitalization.
Daba is Africa's leading investment platform for private and public markets. Download hereS
Key Takeaways
Sonatel’s 40th anniversary in 2025 marks a strategic shift toward digital expansion, fintech, and fiber investments. The company continues to dominate the BRVM, starting the year at XOF 24,000 ($38.37) per share and rising 10.4% YTD to XOF 26,500 ($42.37). Over the past month, the stock climbed 8%, ranking 21st on the exchange. Sonatel’s dividend outlook remains strong, with a proposed dividend of XOF 1,839 per share ($2.94), translating to a net payout of XOF 1,655 per share ($2.65) after tax. Risks include regulatory uncertainty (Mali’s ECOWAS exit), inflation, and competition in mobile money, but Sonatel remains a top BRVM investment, offering stable returns and continued market leadership.
Think someone else should see this?
To invest in this opportunity and other opportunities across Africa
Download the daba finance app on your mobile through
Take action.
Download app
Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.
Partner with us
Unlock exciting business opportunities and growth potential.
Join Daba
Become a part of our vibrant community and enjoy exclusive benefits.
Contact us
Reach out to us for inquiries, support, or collaboration.