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MTN Group Announces 22.4% Service Revenue Increase for H1 2025 Driven by Nigeria, Ghana, and Fintech Innovation
MTN Group is celebrating a big win as it announces a 22.4% service revenue increase for H1 2025. The company shared exciting news about its financial performance for the first half of 2025, showing strong growth that’s mainly thanks to its work in Nigeria and Ghana, plus some smart moves in fintech. Even though the economic climate hasn’t been easy, with things like inflation and currency changes making it tough, MTN Group announces service revenue increase for H1 2025 that proves its strength and ability to keep moving forward.
One of the standout points is the jump in earnings. The company’s headline earnings per share soared by over 350%, going from a loss in the first half of 2024 to a solid 645 cents in 2025. This big turnaround shows how well MTN is doing in managing its business. Because of these good results, MTN even raised its expectations for the future, now aiming for growth in the high teens percentage over the next few years.
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The CEO, Ralph Mupita, said the results show how strong and steady the company is. He explained that smart business moves, careful spending, and better economic conditions all helped push the company forward. He is confident that MTN will keep growing and creating value for everyone involved, including its customers and shareholders.
A key reason MTN Group announces 22.4% service revenue increase is its success in Nigeria. MTN Nigeria boosted its service revenue by 35.6%, helped by higher tariffs and a more stable local currency, the naira. This is a huge deal because after many years of challenges caused by currency problems, MTN Nigeria is on track to be financially strong by the third quarter of 2025. The company also renegotiated tower lease contracts, which helped ease the tough economic conditions. Active data users grew by 8% across the entire MTN Group, reaching 158 million people, showing how important digital connections are becoming, especially in Nigeria.
MTN Ghana also played a big role in MTN Group announcing a 22.4% service revenue increase for H1 2025. The company saw good service revenue growth there, thanks to strong demand for data and fintech services. This shows MTN’s ability to succeed in different markets, supported by local business efforts that make the company stronger in Ghana.
MTN’s big focus on improving its network is paying off too. The company invested 30 billion rand in 2024 to boost its network quality and capacity. This helped data traffic across its markets grow by about 33%, with Ghana’s growing digital scene leading the way. This network investment is part of MTN’s Ambition 2025 strategy to keep expanding and improving its services.
One area where MTN Group announces 22.4% service revenue increase shines is fintech. Their Mobile Money service, called MoMo, saw transaction values jump 45.4%, reaching more than $320 billion. Fintech revenue also grew by 28.5%, with advanced services like bank technology, remittances, and payments jumping by over 50%. The number of active MoMo users is now 63 million, slightly higher than before, showing the service is growing steadily and becoming more profitable.
MTN is also saving money in smart ways. Through its Expense Efficiency Programme, it saved 1.5 billion rand in the first half of 2025, working towards a goal of saving 7 to 8 billion rand by 2026. These savings help MTN keep a strong financial position, even with challenges like currency problems in Nigeria and losses in Sudan. MTN has also sold some businesses in places like Afghanistan, Guinea-Bissau, and Guinea-Conakry to focus more on its best markets.
In South Africa, MTN extended a key business deal called MTN Zakhele Futhi B-BBEE, showing its dedication to fairness and inclusion. These steps fit with MTN Group announcing a 22.4% service revenue increase for H1 2025 goals to create real value for both shareholders and the communities it serves.
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With such good results, MTN declared a dividend of 345 cents per share, up from 330 cents last year. The company expects to pay at least 370 cents per share by the end of 2025, showing they are confident about future profits. This also shows MTN’s commitment to sharing success with its shareholders while keeping a strong financial base.
Looking forward, MTN Group announces a 22.4% service revenue increase for H1 2025 and is ready to keep growing. With Africa’s demand for digital and financial services rising fast, MTN’s focus on data, fintech, and smart partnerships puts it in a great position for the future. Investors and customers alike have good reason to be excited about what’s coming next.
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