MTN Ghana shatters records with GH¢7.8B profit, rewards investors with hefty dividend

Scancom PLC (MTN Ghana) has delivered a historic financial performance for the 2025 fiscal year, posting a staggering 55.9% jump in profit after tax to GH¢7.8 billion. The exceptional growth, fueled by a surge in data, fintech, and digital services, underscores the telecom giant’s market dominance and marks a significant rebound in an improving economic landscape.

According to the company’s financial results released on Friday, service revenue soared by 36.2% year-on-year to GH¢24.4 billion. This impressive top-line growth was powered by a 48.8% explosion in data revenue, a robust 35.7% increase in Mobile Money (MoMo) revenue, and a dramatic 109.9% spike in digital revenue.

The company’s operational efficiency also shone through, with Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) climbing 43.5% to GH¢14.7 billion. Consequently, the EBITDA margin expanded by three percentage points to an enviable 60.1%.

In a powerful gesture of confidence and a bid to share the spoils of success with its shareholders, the Board of Directors has recommended a final dividend of GH¢0.40 per share—a significant increase from the GH¢0.24 per share paid out the previous year. The dividend is subject to shareholder approval at the upcoming Annual General Meeting and is scheduled for payment on April 10, 2026.

Riding a Wave of Subscriber Growth and Investment

The stellar financials were underpinned by solid growth in MTN Ghana’s customer base, further cementing its market leadership. Mobile subscribers grew by 9.2% to reach 31.2 million. Active data subscribers increased by 13.7% to 19.9 million, while active MoMo users saw a 12.3% uptick to 19.3 million.

This customer expansion was supported by a massive GH¢6.4 billion capital expenditure, channeled into network infrastructure to sustain widespread 4G coverage and enhance overall service quality.

Commenting on the results, MTN Ghana CEO Stephen Blewett attributed the success to strategic investments and a favorable macroeconomic climate.
“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,” Mr. Blewett said.

He noted that the results were achieved against a backdrop of subsiding inflation and a strengthened local currency, which boosted consumer purchasing power and created a conducive environment for growth.

A Bullish Outlook for 2026 and Beyond

With its “Ambition 2025” strategy coming to a close, MTN Ghana is looking ahead with renewed confidence. Mr. Blewett expressed optimism about the company’s prospects, positioning it to capitalize on Ghana’s improving economic conditions.

“Looking ahead to 2026, MTN Ghana is well-positioned to capitalise on Ghana’s improving macroeconomic environment,” he stated. “Building on 2025’s performance and operational agility, we will continue to deliver value to our stakeholders.”

Maintaining its positive trajectory, the company has reaffirmed its medium-term guidance, projecting service revenue growth in the mid-to-upper thirties percent range, with EBITDA margins expected to remain robust in the mid-to-upper fifties percent range.