MTN Ghana Reports 54% Profit Jump in Q1 2025
MTN Ghana posted strong Q1 2025 results, driven by growth in subscribers, Mobile Money, data services, and increased service revenue.
MTN Ghana has reported a strong financial and operational performance for the first quarter ended 31 March 2025, highlighting continued growth across key business segments.
Salient features (year-on-year, YoY):
- Mobile subscribers increased by 5.2% to 29.2 million
- Active data subscribers increased by 10.8% to 17.8 million
- Active Mobile Money (MoMo) users increased by 11.5% to 17.4 million
- Service revenue increased by 39.6% to GHS5.3 billion
- Earnings before interest, tax, depreciation and amortization (EBITDA) increased by 45.0% to
- GHS3.1 billion
- EBITDA margin increased by 2.2 percentage points (pp) to 58.1%
- Profit after tax (PAT) increased by 53.7% to GHS1.7 billion
- Earnings per share (EPS) increased by 53.7% to GHS0.1292
- Total capital expenditure (capex) of GHS1.2 billion^ (GHS0.8 billion, ex-leases)
- Paid GHS2.7 billion in direct and indirect taxes (2024: GHS1.7 billion)
The first quarter of 2025 was characterised by solid execution of our commercial strategy, culminating in a 5.2% expansion of our subscriber base and a 39.6% increase in service revenue. This performance is a result of strategic initiatives and investments across our key business lines: data, digital services, voice communications and Mobile Money.
– Stephen Blewett, CEO, MTN Ghana
