MTN has seen its bottom line improve from a loss of close to R11 billion in 2024 to a profit of over R27 billion, as the company breaks the 300-million-customer mark. <\/p>\n\n\n\n
In 2024, MTN recorded a loss of R10.9 billion, with the group heavily impacted by the devaluation of the Naira in its largest market, Nigeria. <\/p>\n\n\n\n
2025 was a stronger year for the group, with it swinging into a profit of R27.4 billion. R20 billion of this was attributable to the company’s equity holders, with the rest going to non-controlling interests. <\/p>\n\n\n\n
Basic earnings per share thus increased by 314.5% to 1,113 cents, while reported headline earnings rose 1,058% to 1,274 cents. <\/p>\n\n\n\n
“Operationally, we delivered strong growth in earnings, free cash flow and improved returns,” said Group CEO and President Ralph Mupita. <\/p>\n\n\n\n
“The performance was underpinned by improved macroeconomic conditions in key markets and driven by strong operational execution and disciplined capital allocation.” <\/p>\n\n\n\n
The group’s service revenue grew by 22.7% to R218.5 billion in 2025, led by strong growth of 54.9% and 35.9% in MTN Nigeria and MTN Ghana, respectively, on a constant currency basis. <\/p>\n\n\n\n
MTN South Africa reported overall service revenue growth of 2.0%, as it faced competitive pressures in the prepaid segment.<\/p>\n\n\n\n
The group maintained strong momentum in other markets, including MTN Uganda, MTN Cameroon, MTN C\u00f4te d’Ivoire, and MTN Zambia.<\/p>\n\n\n\n
Its results were also supported by sustained investment in its networks and platforms, with the group deploying R38.5 billion over the year. <\/p>\n\n\n\n
It also connected 16.3 million net new customers to its networks, bringing its total base to 307 million. Its active data customers increased by 9.4% to 172.6 million. “The more supportive macroeconomic conditions across our markets boosted the strong performance of our business in FY 2025 and provided a foundation for continued growth going forward.” <\/p>\n\n\n\n “In this context, we believe that our Ambition 2030 strategy embodies the right framework to sustain our medium-term growth and value creation journey.”<\/p>\n\n\n\n Ambition 2030 forms part of the group’s streamlining of three principal platforms, namely ‘Connectivity’, ‘Fintech’ and ‘Digital Infrastructure’. <\/p>\n\n\n\n It believes that focusing on these three will best position the group to capture value from the structural growth opportunities brought about by data adoption and financial inclusion across Africa.<\/p>\n\n\n\n Although macro conditions are supportive of the business, the group has noted the rapidly evolving developments in global geopolitics, which include conflicts in the Middle East and Ukraine. <\/p>\n\n\n\n These conflicts can impact indicators such as energy supply and prices, foreign exchange rate volatility, and the trajectory of inflation in MTN’s markets. <\/p>\n\n\n\n “If sustained, the escalating geopolitical risks may adversely impact our operating environment and prospects, including our market guidance,” the group said. MTN has seen a return to profit following a troubled 2024, where the devaluation of the Nigerian Naira impacted the group.<\/p>\n","protected":false},"author":95,"featured_media":820193,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[28],"class_list":["post-853985","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\/853985","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=853985"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/853985\/revisions"}],"predecessor-version":[{"id":853994,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/853985\/revisions\/853994"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/820193"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=853985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=853985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=853985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n\n\n\nMetric<\/th> FY 2025<\/th> FY 2024<\/th> Change<\/th><\/tr><\/thead> Service revenue<\/td> R218.5 billion<\/td> R177.8 billion<\/td> +22.9% reported \/ +22.7% CC<\/td><\/tr> Data revenue<\/td> R101.5 billion<\/td> R73.7 billion<\/td> +37.7% reported \/ +36.4% CC<\/td><\/tr> Profit and Loss <\/td> R27.4 billion<\/td> (R10.9 billion) loss<\/td> +351%<\/td><\/tr> Profit and Loss Attributable to Equity Holders of the Parent<\/td> R20.3 billion<\/td> (R9.4 billion) loss<\/td> +316%<\/td><\/tr> Headline EPS (HEPS)<\/td> 1,274 cents<\/td> 110 cents<\/td> +1,058%<\/td><\/tr> Basic EPS<\/td> 1,113 cents<\/td> (519 cents) loss<\/td> +314.5%<\/td><\/tr> Ordinary dividend per share<\/td> 500 cents<\/td> 345 cents<\/td> +155 cents<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n Outlook <\/h2>\n\n\n\n
“Operationally, we remain focused on maintaining the robust performances in MTN Nigeria, MTN Ghana and MTN Uganda; as well as the traction in various markets within our broader portfolio.”
<\/p>\n","protected":false},"excerpt":{"rendered":"