MTN Group returned to profitability in 2025, recording a net profit of 27.4 billion rand (1.5 billion USD) for the fiscal year ended December 31, compared to a loss of 10.9 billion rand (600 million USD) a year earlier, driven by strong growth in its key markets in Nigeria and Ghana.
According to the results published on March 16, 2026, the group’s service revenue increased by 22.9% to reach 218.5 billion rand (12 billion USD), while EBITDA increased by more than a third at constant exchange rates, to 98.5 billion rand, supported by 3.6 billion rand in cost savings.
In Nigeria, MTN Nigeria’s service revenue surged by 54.9%, while in Ghana, MTN Ghana grew by 35.9%. In South Africa, revenue increased by only 2% in a mature and competitive market.
Buoyed by these results, the board of directors announced a dividend of 5.00 rand per share (0.28 USD), up 45% from the previous year, and a share buyback program of 6 billion rand (330 million USD) starting in 2026.
“The overall performance of the group in 2025 was excellent, marking the final year of our Ambition 2025 strategy,” said Ralph Mupita, CEO of MTN Group.
The group now serves 307.2 million subscribers, including 172.6 million data users and 70 million Mobile Money customers. Its mobile payment platform MoMo saw a 15% increase in transaction volume, with a total value exceeding 500 billion dollars.
MTN invested 38 billion rand (2.09 billion USD) in its networks in 2025 to strengthen capacity, coverage, and service quality, while announcing its Ambition 2030 strategy, focused on connectivity, fintech, and digital infrastructure to support long-term growth in Africa.
