MTN Ghana Delivers Strong 2025 Performance: Profit After Tax Up 55.9% to GHS 7.8 Billion, Pays GHS 10.5 Billion in Taxes

MTN Ghana (Scancom PLC) has reported robust full-year results for 2025, with profit after tax rising 55.9% to GHS 7.8 billion from GHS 5.03 billion the previous year, according to the company’s audited financial statements released recently.

Earnings per share also increased by 55.9% to GHS 0.5923, while service revenue grew 36.2% to GHS 24.4 billion, driven primarily by strong demand for data and Mobile Money services. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) jumped 43.5% to GHS 14.7 billion, pushing the EBITDA margin to 60.1% — three percentage points higher than in 2024.

The company contributed a total of GHS 10.5 billion in direct and indirect taxes to the government in 2025, up from GHS 8.6 billion in 2024, underscoring its role as one of Ghana’s largest corporate taxpayers.

 Operational Highlights

• Active Mobile Money users increased 12.3% to 19.3 million.
• Total mobile subscribers rose 9.2% to 31.2 million, reflecting sustained growth in connectivity and digital financial services.
• Data revenue recorded strong expansion, benefiting from increased smartphone penetration and data consumption.

MTN Ghana invested GHS 6.4 billion in capital expenditure during the year, of which GHS 4.6 billion was ex-lease capex. These investments supported network expansion, capacity upgrades, and modernisation of IT systems to meet rising demand.

Shareholder Returns

The Board has recommended a final dividend of GHS 0.40 per share for 2025, up from GHS 0.24 in 2024, subject to approval at the upcoming Annual General Meeting. Payment is scheduled for April 2026. The company maintained a dividend payout ratio guidance of 60–80%, depending on operating conditions.

Outlook for 2026

MTN Ghana expressed optimism about continued growth, citing an improving macroeconomic environment in the country. The company reaffirmed its medium-term service revenue growth guidance in the mid-to-upper thirties percent range and expects EBITDA margins to remain in the mid-to-upper fifties percent.

The strong 2025 performance reflects MTN Ghana’s ability to capitalise on rising digital adoption and Mobile Money usage while maintaining disciplined capital allocation and delivering value to shareholders and the wider economy.

The full audited results and dividend details will be formally presented to shareholders at the AGM. MTN Ghana continues to be a key driver of digital inclusion, financial services, and economic contribution in the country.