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Revenue increased 11% to $466.3 million, adjusted EBITDA rose 14% to $257 million, and the EBITDA margin expanded to 55%, supported by higher tenancy additions and improved asset utilization. Helios now expects 3,500–4,000 tenancy additions, adjusted EBITDA of $520–535 million, and recurring free cash flow of $220–235 million, reflecting a stronger commercial pipeline and continued demand from mobile operators. The company upgraded its 2026 outlook again. With an attractive valuation, we therefore confirm our buy rating.