MTN Ghana posts GH₵3.6billion profit in first half of 2025 as revenue jumps 40%
MTN Ghana has reported a 55.8 per cent surge in profit after tax to GHS 3.6 billion for the first six months of 2025, riding on strong growth across its data, mobile money and voice services.
The telecommunications giant, which is Ghana's largest mobile operator, saw its service revenue climb by 40 per cent to GH₵11.3 billion during the period, according to its unaudited half-year financial results released on Wednesday.
The Chief Executive Officer Stephen Blewett said the stellar performance was achieved through "strong commercial momentum and execution," while crediting employees for their dedication. "These results would not be possible without the unwavering dedication and hard work of our MTN Ghana employees," Blewett stated.
The company declared an interim dividend of GHS 0.08 per share, up from GHS 0.065 in the same period last year, rewarding shareholders for the strong performance. The dividend will be paid on September 11, 2025, to shareholders on the register as of August 22, 2025.
Key drivers of growth included:
- A 50.8% jump in data revenue to GHS 6.0 billion
- 46.4% growth in mobile money revenue to GHS 2.8 billion
- 12.6% increase in voice revenue to GHS 2.0 billion
- MTN Ghana's subscriber base grew by 6.5% to 30.2 million, while active data users increased by 11% to 18.2 million. The company's mobile money platform now has 17.7 million active users, up 7.4% from last year.
The results come amid improving macroeconomic conditions in Ghana, with inflation declining to 13.7 per cent in June and the cedi appreciating against the US dollar. MTN invested GH₵2.7 billion in network upgrades during the period, expanding its 4G coverage to 99.3 per cent of the population.
Looking ahead, the company said it remains focused on executing its Ambition 2025 strategy while monitoring potential risks from global geopolitical tensions.
The company's share priced climbed to an all-time high of GH₵3.55 on the Ghana Stock Exchange in anticipation of the release of the half year report today.
