MTN Ghana Records Strong 2025 Performance as Subscribers Cross 31 Million
MTN Ghana reported a strong operational and financial performance for 2025, driven by the significant investment in our networand targeted commercial initiatives that have enhanced the customer experience.
Scancom PLC, operators of MTN Ghana, has reported a robust financial and operational performance for the fiscal year ended December 31, 2025, recording strong growth across revenue, profitability, and subscriber metrics despite operating in a challenging but gradually improving macroeconomic environment in Ghana.
Strong Financial Performance
The company posted a 36.2% year-on-year increase in service revenue to GHS 24.4 billion. Earnings before interest, tax, depreciation, and amortization (EBITDA) rose by 43.5% to GHS 14.7 billion, with the EBITDA margin expanding by 3.0 percentage points to 60.1%.
Profit after tax surged by 55.9% to GHS 7.8 billion, while earnings per share (EPS) increased by 55.9% to GHS 0.5923. In addition, MTN Ghana paid GHS 10.5 billion in direct and indirect taxes and GHS 1.3 billion in fees and levies to government agencies, underscoring its contribution to national development.
“MTN Ghana reported a strong operational and financial performance for 2025, driven by the significant investment in our networand targeted commercial initiatives that have enhanced the customer experience. This enabled us to expand our customer base by 2.6 million, surpassing 31 million subscribers – a clear testament to the strength of our innovation and customer centric approach.”
– Stephen Blewett, CEO, MTN Ghana
Subscriber Growth and Service Expansion
Total mobile subscribers increased by 9.2% to 31.2 million users. Data services remained the primary growth driver, with data revenue rising by 48.8% to GHS 13.4 billion and accounting for 54.8% of total service revenue. Active data subscribers grew by 13.7% to 19.9 million, while average data consumption per user climbed to 14.7GB per month.
Mobile Money (MoMo) services also recorded strong growth, with MoMo revenue increasing by 35.7% to GHS 6.0 billion and active MoMo users rising by 12.3% to 19.3 million. Digital services revenue more than doubled, increasing by 109.9% to GHS 479.0 million, supported by 5.4 million paying subscribers.
Network Investment and Infrastructure
During the year, MTN Ghana invested GHS 4.6 billion in ex-lease capital expenditure to maintain 99.2% 4G population coverage, modernise IT systems, and enhance network capacity. The company plans to construct 500 new sites in 2026 to further improve coverage and service quality.
ESG and Social Impact
MTN Ghana continued to advance its Environmental, Social, and Governance (ESG) agenda, sourcing approximately 50% of its energy from solar power and achieving female workforce representation of over 43%.
Through the MTN Ghana Foundation, the company expanded its scholarship programme from 200 to 500 students, supported more than 200 SMEs, and collected 6,620 units of blood through its “Save-a-Life” campaign.
Dividend Declaration
Reflecting the strong performance, the Board of Directors recommended a final dividend of GHS 0.40 per share for 2025, up from GHS 0.24 in 2024. The dividend will be paid on April 10, 2026, to shareholders registered as of March 26, 2026.
