Pan-African telecoms giant MTN Group has reported a strong financial turnaround, posting an annual profit before tax of 47.4 billion rand ($2.81 billion), driven largely by robust performances in MTN Nigeria and MTN Ghana.
The South Africa-headquartered operator announced the results on Monday, marking a significant recovery from a restated loss before tax of 4.1 billion rand recorded in 2024.
According to the company, service revenue rose by 22.7% to 218.5 billion rand for the year ended December 31. This growth was primarily fueled by strong expansion in its Nigerian and Ghanaian operations, which recorded increases of 54.9% and 35.9%, respectively.
Despite the overall positive performance, MTN South Africa posted modest growth of 2% in service revenue. The company attributed this to intensified competition, particularly in the prepaid segment.
In addition to its improved earnings, MTN Group declared a final dividend of 500 cents per share, representing a 45% increase and signaling renewed confidence in its financial stability.
The results highlight the growing importance of West African markets to MTN’s overall performance, as the telecom operator continues to navigate varying economic and competitive conditions across the continent.
