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# Cell C delivers maiden results with growth momentum, financial flexibility

**[TechCentral](https://daily.dev/sources/techcentral)** · 5 min read · 0 upvotes · 0 comments

## Summary

Cell C Holdings reported its first results as a JSE-listed company for the six months ending November 2025, showing revenue growth of 1.9% to R5.68 billion and normalized EBITDA of R917 million (16.1% margin). The company reduced net debt from R5.69 billion to R2.39 billion, improved its debt-to-EBITDA ratio to 0.57x, and saw strong wholesale revenue growth of 22.5% driven by MVNO partnerships supporting over 5.1 million subscribers. Prepaid subscriber numbers increased by over one million, while the capital-light operating model continues to support scalable growth.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcentral.co.za/cell-c-delivers-maiden-results-with-growth-momentum-financial-flexibility/277673/>

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Tags: [#fintech](https://daily.dev/tags/fintech)

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