{"id":834295,"date":"2025-08-07T11:29:13","date_gmt":"2025-08-07T09:29:13","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=834295"},"modified":"2025-08-07T11:29:20","modified_gmt":"2025-08-07T09:29:20","slug":"major-turnaround-coming-for-south-africas-top-network","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/834295\/major-turnaround-coming-for-south-africas-top-network\/","title":{"rendered":"Major turnaround coming for South Africa’s top network"},"content":{"rendered":"\n

South Africa’s best mobile operator <\/strong><\/a>MTN expects a strong performance in the first half of 2025 following large losses in the 2024 financial year.\u00a0<\/p>\n\n\n\n

MTN faced extreme pressures in 2024, primarily due to the devaluation of the naira in its largest market, Nigeria. <\/p>\n\n\n\n

However, the group now expects a robust performance for H1 2025, driven by strong commercial execution, disciplined capital allocation and improved macro conditions. <\/p>\n\n\n\n

In a trading statement, the group said inflation and foreign exchange rates in its key markets showed improved stability, which supported the positive momentum of its operational and financial results. <\/p>\n\n\n\n

MTN Nigeria and MTN Ghana showed strong growth in service revenue and profitability. MTN SA faced challenges in the market, especially in the prepaid segment. <\/p>\n\n\n\n

That said, the group was encouraged by the overall H1 25 trajectory of key operations within its key broader markets portfolio, which supported the H1 25 performance. <\/p>\n\n\n\n

Thus, the group expects to report an increase in earnings per share of over 200% within a range of 904 cents and 986 cents higher. <\/p>\n\n\n\n

This will change the group\u2019s EPS loss of 409 cents in 2024, translating to an EPS range of 495 cents to 577 cents for H1 25. <\/p>\n\n\n\n

An increase in headline earnings per share of over 300% or within a range of 870 cents to 922 cents higher is also expected.\u00a0<\/p>\n\n\n\n

This will increase the HEPS loss from 256 cents in H1 2024 to positive HEPS within a range of 614 cents to 666 cents in H1 25.\u00a0<\/p>\n\n\n\n

A strong performance from MTN Nigeria and MTN Ghana primarily drove the growth in EPS and HEPS. <\/p>\n\n\n\n

The difference between H1 25 EPS and HEPS is mainly due to impairment losses totalling approximately 104 cents related to investments, goodwill, property, plant, and equipment.\u00a0<\/p>\n\n\n\n

Included in H1 25 HEPS are non-operational losses totalling approximately 12 cents.\u00a0<\/p>\n\n\n\n

More detailed information will be found in the group’s interim financial results, which will come out on 18 August 2025. <\/p>\n\n\n\n

Metric<\/th>H1 24 <\/th>H1 25 Expected Range <\/th>Expected Range of Increase <\/th>Expected Range of Increase <\/th><\/tr><\/thead>
EPS<\/strong><\/td>-409<\/td>495 \u2013 577<\/td>>200%<\/td>904 \u2013 986<\/td><\/tr>
HEPS<\/strong><\/td>-256<\/td>614 \u2013 666<\/td>>300%<\/td>870 \u2013 922<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"

MTN is expecting to swing out of its loss from 2024 following improvements in Ghana and Nigeria. <\/p>\n","protected":false},"author":95,"featured_media":820191,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[28],"class_list":["post-834295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-mtn"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=834295"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834295\/revisions"}],"predecessor-version":[{"id":834298,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834295\/revisions\/834298"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/820191"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=834295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=834295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=834295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}