The pan-African telecom giant, with 307.2 million customers across 16 markets, highlighted MTN Nigeria as a key contributor to its commercial success, alongside MTN Ghana.
MTN Group Limited has reported a stellar financial performance for the year ended 31 December 2025, driven primarily by strong growth in its Nigerian operations. The pan-African telecom giant, with 307.2 million customers across 16 markets, highlighted MTN Nigeria as a key contributor to its commercial success, alongside MTN Ghana.
The Group’s service revenue rose 22.9% to R218.5 billion, with Nigeria delivering a remarkable 54.9% growth in constant currency terms, solidifying its position as MTN’s leading market. Data revenue grew 37.7% to R101.5 billion, and fintech revenue increased 30% year-on-year, reflecting accelerated adoption of MTN’s digital and financial services.
In Nigeria, Mobile Money (MoMo) recorded strong engagement, contributing to a 14.9% increase in fintech transaction volumes to 23.3 billion and a 37.6% jump in transaction value to $500.3 billion. Active data customers across the Group reached 172.6 million, up 9.4%, while total data traffic surged 27% to 24.7 PB.
MTN’s robust operational performance translated into a 36.8% growth in EBITDA on a constant currency basis, with margins expanding 5.4 percentage points to 44.5%. Reported headline earnings per share skyrocketed by 1,058% to 1,274 cents, reflecting both operational efficiency and disciplined capital allocation.
“In the final year of our Ambition 2025 strategy, MTN Group is proud to have exceeded the 300 million customers milestone, in alignment with our priority to deepen digital and financial inclusion in the markets we serve. We remain committed to leading digital solutions for Africa’s progress.”
– Ralph Mupita, President and CEO, MTN Group
MTN reinforced its commitment to shareholder value by declaring a final dividend of 500 cents per share and approving an enhanced medium-term shareholder remuneration framework, including a share buyback programme of up to R6 billion over three years.
Strategically, MTN continues to prioritize investments in connectivity and digital platforms in Nigeria, leveraging network-sharing agreements to expand coverage and improve efficiency, particularly in underserved and rural regions. These investments have been pivotal in cementing Nigeria as the Group’s dominant and fastest-growing market.
Looking ahead, MTN plans to build on this momentum under its Ambition 2030 strategy, focusing on three principal platforms: Connectivity, Fintech, and Digital Infrastructure, to capture structural growth opportunities across Africa.
