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Reading: MTN Group Posts 25% Revenue Jump on Nigeria, Ghana Strength
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Business

MTN Group Posts 25% Revenue Jump on Nigeria, Ghana Strength

By
Ogungbayi Feyisola Faesol
ByOgungbayi Feyisola Faesol
Faesol is a journalist at Okaynews.com, reporting on business, technology, and current events with clear, engaging, and timely coverage.
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March 16, 2026 - 10:28 am
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MTN Group reported strong 2025 results with service revenue up nearly 25 percent to 218 billion rand, about $13.6 billion USD. Nigeria and Ghana operations drove key gains in the final year of its Ambition 2025 strategy. The telecom firm serves 16 markets across Africa and the Middle East.

Customer numbers hit 307 million by year-end, including 172 million data users and 70 million Mobile Money clients. Data traffic rose 27 percent, with monthly use per user climbing to 12.5GB from 10.8GB. Investments of 38 billion rand boosted networks and digital services.

MTN Nigeria saw service revenue surge 54.9 percent. MTN Ghana grew 35.9 percent. MTN South Africa added 2 percent in a tough market. Earnings before interest, tax, and amortization reached 98.5 billion rand, up over one-third in constant currency terms.

Okay News reports expense savings of 3.6 billion rand aided results. Basic earnings per share turned positive after 2024 losses. Adjusted headline earnings per share jumped 67 percent.

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The board declared a 500 cents per share dividend, up 45 percent from 345 cents. This beats prior guidance of 370 cents. A 6 billion rand share buyback program aims to boost shareholder value.

MTN Nigeria rebounded to a 1.1 trillion naira profit after a 400.4 billion naira loss in 2024. Foreign exchange woes faded with naira stability. Q4 pre-tax profit soared 248.8 percent to 569.6 billion naira.

Fintech transactions hit 23 billion, worth over $500 billion USD. Free cash flow strengthened returns. Shares gained nearly 80 percent in 12 months, lifting market cap to 381 billion rand.

The results cap a growth phase for MTN Group. Nigeria’s recovery proves pivotal amid currency swings. Investors eye sustained data and fintech expansion.

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TAGGED:MTN growthtelecom earnings
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