MTN Delivers 19.8% Revenue Surge in Q1, Driven by Fintech Expansion
MTN reports a 19.8% rise in Q1 revenue, driven by fintech growth, strong Nigeria and Ghana performance, and data demand.
MTN Group has reported strong first-quarter 2025 results, showcasing a robust operational performance driven by growth in key markets, particularly Nigeria and Ghana. The Group’s service revenue grew by 19.8% in constant currency terms, supported by a 17.9% increase in data revenue and a 17.2% rise in fintech revenue. Total subscribers rose by 4.7% to 296.8 million, while active data users increased by 9.1% to 161.7 million.
The fintech segment maintained strong growth, with transaction volumes rising by 13.9% to 5.5 billion and transaction value reaching $95.3 billion, a 48.9% increase. MTN’s EBITDA margin expanded to 44.1%, reflecting a 5.3 percentage point improvement. Despite a challenging macroeconomic environment, MTN achieved significant gains in its digital and financial services, including progress in network sharing, low Earth orbit (LEO) satellite partnerships, and the separation of its fintech business.
MTN Group President and CEO Ralph Mupita attributed the positive results to disciplined execution of the Group’s strategic priorities, resilient demand for digital services, and improved macroeconomic conditions in key markets. The company also highlighted advancements in fintech, network efficiency, and regulatory approvals, which are expected to drive further growth in 2025.
