MTN Group ( (MTNOF) ) has released its Q2 earnings. Here is a breakdown of the information MTN Group presented to its investors.
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MTN Group Limited is a pan-African mobile operator focused on providing digital solutions across 16 markets, with a customer base of 298 million. In the first half of 2025, MTN Group reported a robust financial performance with a 22.4% increase in service revenue, driven by strong growth in Nigeria and Ghana. The company also saw significant advancements in its fintech ecosystem, with transaction values rising by 45.4%. Key financial metrics showed a 60.6% increase in EBITDA and a 76.1% rise in adjusted headline earnings per share.
MTN’s strategic focus on expanding its fintech services and network infrastructure was evident, with fintech revenue growing by 37.3% and substantial capital expenditure to enhance network capacity and coverage. The company also made strides in strategic initiatives, including network sharing agreements in Uganda and Nigeria, and the structural separation of its fintech business in Uganda.
The company’s operational efficiency program yielded savings of R1.5 billion, contributing to a 42.3% rise in EBITDA. MTN’s balance sheet remained strong, with a net-debt-to-EBITDA ratio of 0.5x. The company did not declare an interim dividend but anticipates a minimum ordinary final dividend for the fiscal year 2025.
Looking ahead, MTN Group is optimistic about sustaining its growth momentum, with upgraded guidance for service revenue growth and a focus on accelerating performance in key markets like South Africa and Nigeria. The company plans to continue investing in growth opportunities and maintaining financial flexibility to support its strategic objectives.