MTN Group Anticipates Strong FY 2025 Performance with Significant Earnings Growth

MTN Group Limited  (MTN) has signaled a robust performance for the full year ended 31 December 2025 (FY 25), driven by strong operational progress and supportive macroeconomic conditions in key markets.

The Group highlighted that its larger operations, MTN Nigeria and MTN Ghana, delivered solid results in their FY 25 earnings releases on 26 and 27 February 2026, respectively, reflecting improved revenue growth and profitability. MTN South Africa continued to navigate competitive pressures in its prepaid business, while positive momentum in several other markets further supported the Group’s overall performance.

MTN expects its earnings per share (EPS) to increase significantly, from a loss of 531 cents in FY 24 to between 1 062 and 1 168 cents in FY 25. Headline earnings per share (HEPS) are projected to rise sharply from 98 cents in FY 24 to between 1 264 and 1 284 cents, representing growth of more than 1 000 percent. The difference between EPS and HEPS is primarily due to impairment losses on investments, goodwill, and property, plant, and equipment, amounting to approximately 157 cents. Non-operational items included in FY 25 HEPS total around -85 cents, compared to -718 cents in FY 24.

MTN noted that restatements to MTN Ghana’s prior-year results will improve FY 24 figures, with EPS improving by approximately 12 cents to -519 cents and HEPS rising by 12 cents to 110 cents. The Group emphasized that these adjustments are illustrative and may not fully reflect its financial position for FY 24.

MTN’s full financial results, including restated FY 24 figures, are expected to be released on the JSE on or around 16 March 2026. The trading statement was issued under the responsibility of MTN’s Group directors and has not yet been reviewed by external auditors.