MTN Ghana posts GH¢7.8 billion profit; boosts dividend to GH¢0.40 per share
Scancom PLC (MTN Ghana) has reported a remarkable financial performance for the year ended December 31, 2025, with profit after tax (PAT) jumping 55.9 per cent to GH¢7.8 billion.
The growth was driven by strong performance across data, fintech, and digital segments amid an improved macroeconomic environment.
The company’s service revenue rose 36.2 per cent year-on-year to GH¢24.4 billion, bolstered by a 48.8 per cent increase in data revenue, a 35.7 per cent rise in Mobile Money (MoMo) revenue, and a 109.9 per cent spike in digital revenue.
Disciplined cost management helped Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) climb 43.5 per cent to GHS14.7 billion, with the EBITDA margin widening by three percentage points to 60.1 per cent.
In a clear signal of confidence and appreciation to investors, MTN Ghana’s Board of Directors has recommended a final dividend of GH¢0.40 per share, up from GH¢0.24 the previous year.
The dividend, subject to shareholder approval at the upcoming Annual General Meeting, is scheduled for payment on April 10, 2026.
Commenting on the results, MTN Ghana CEO Stephen Blewett said: "MTN Ghana reported a strong operational and financial performance for 2025, driven by the significant investment in our network and targeted commercial initiatives that have enhanced the customer experience." He noted that these results were achieved in a favourable macroeconomic climate, with subsiding inflation and a strengthened local currency boosting consumer purchasing power.
Operational metrics also highlight MTN Ghana’s market dominance. Mobile subscribers rose 9.2 per cent to 31.2 million, active data subscribers increased 13.7 per cent to 19.9 million, and active MoMo users grew 12.3 per cent to 19.3 million. The growth was supported by GHS6.4 billion in capital expenditure, including significant investments in network infrastructure to sustain 4G coverage and improve service quality.
Looking ahead, Mr Blewett expressed optimism about the company’s prospects beyond its Ambition 2025 strategy. "Looking ahead to 2026, MTN Ghana is well-positioned to capitalise on Ghana's improving macroeconomic environment. Building on 2025's performance and operational agility, we will continue to deliver value to our stakeholders," he said.
The company has maintained its medium-term guidance for service revenue growth in the mid-to-upper thirties per cent range, with EBITDA margins expected in the mid-to-upper fifties per cent.