MTN Ghana financial results 2025 for the first half of the year demonstrate the company’s continued dominance in Ghana’s telecommunications and fintech sectors. The telco giant delivered impressive growth across all business segments, posting significant increases in revenue, subscriber numbers, and profitability.
The MTN Ghana financial results 2025 reveal a 55.8% year-on-year increase in profit after tax, reaching GHS3.6 billion for the six months ended 30 June 2025. Service revenue climbed 40.0% to GHS11.3 billion, driven by strong performance in data and mobile financial services. Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 45.5% to GHS6.6 billion, with the EBITDA margin improving to 58.4%.
This robust financial performance enabled MTN Ghana to declare an interim dividend of GHS0.08 per share, representing an increase from GHS0.065 in the corresponding period of the previous year. The improved dividend reflects the company’s confidence in its sustainable growth trajectory and commitment to shareholder value creation.
CEO Stephen Blewett attributed the strong MTN Ghana financial results 2025 to “strong commercial momentum and execution.” He highlighted the contributions of MTN employees in navigating market challenges and unlocking value across various business segments. According to Blewett, the collective effort of the workforce has enabled the company to overcome challenges while capitalizing on emerging market opportunities.
MTN Ghana’s operational performance during the first half of 2025 showed healthy subscriber growth across all service categories. Data revenue experienced the highest growth rate at 50.8% year-on-year, supported by significant network investments and increased customer usage. Monthly average data usage per subscriber jumped 40.6% to reach 14GB, indicating strong customer engagement with data services.
MobileMoney (MoMo) revenue expanded by 46.4%, driven by increased transactions in both basic and advanced services. Digital payments and lending services particularly contributed to this growth. Voice revenue continued to grow at 12.6%, although usage patterns reflect a broader industry trend as customers increasingly shift toward Voice over Internet Protocol (VoIP) services.
Digital services posted an impressive 87.7% year-on-year surge in revenue, fueled by higher engagement with video and gaming platforms. This significant growth demonstrates MTN Ghana’s successful diversification into digital entertainment and multimedia services.
Total capital expenditure for the period stood at GHS2.7 billion, primarily focused on enhancing network infrastructure. These investments have enabled MTN Ghana to maintain 99.3% 4G population coverage while improving overall service quality. The company’s infrastructure development continues to support its market leadership position.
MTN Ghana’s commitment to national development is evident through its substantial tax contributions. The company paid GHS5.1 billion in direct and indirect taxes during the reporting period, reaffirming its role as a significant contributor to Ghana’s economic growth.
Beyond financial metrics, MTN Ghana continues to prioritize social impact through its corporate responsibility initiatives. The company’s Adwumapa program extends digital and financial services to women and underserved communities, promoting inclusive economic development.
During its flagship 21 Days of Y’ello Care volunteer campaign, MTN Ghana trained over 200 women in sustainable skills and provided ICT training to 100 youth. These initiatives demonstrate the company’s commitment to capacity building and community development.
The company has also intensified efforts around online child safety and digital literacy programs. These initiatives aim to create a safer digital environment while promoting responsible technology usage among Ghana’s youth population.
MTN Ghana confirmed continued progress on the localisation of MobileMoney Ltd, including holding an Extraordinary General Meeting in May to engage shareholders on the process. The company remains aligned with regulatory expectations and has committed to providing market updates as developments occur.
Looking ahead, MTN Ghana plans to sustain its growth momentum by deepening its fintech and data services offerings. The company intends to improve user experience while executing its Ambition 2025 strategy. Strategic partnerships within the fintech ecosystem will be strengthened to maintain competitive advantage.
MTN Ghana also plans to continue advancing its environmental, social, and governance (ESG) goals. The company reaffirmed its medium-term guidance of mid-to-upper thirties growth in service revenue and EBITDA margins in the mid-to-high fifties.
These MTN Ghana financial results 2025 underscore the company’s resilience and strategic positioning in Ghana’s evolving telecommunications and fintech landscape. The strong performance across multiple metrics demonstrates effective execution of the company’s growth strategy while maintaining its leadership position in key market segments.
