MTN Nigeria and Ghana drive MTN Group’s 33% revenue surge in Q1 2025

MTN Group has reported a sturdy monetary efficiency for the primary quarter of 2025, with earnings earlier than curiosity, tax, depreciation, and amortisation (EBITDA) rising by 33% and the EBITDA margin enhancing by 5.3 proportion factors to 44.1%.

This progress was primarily pushed by robust performances in Nigeria and Ghana, which contributed considerably to the group’s general service income enhance of 10.4% in reported foreign money or 19.8% in fixed foreign money phrases.

In Nigeria, MTN’s largest market, service income rose by 40.5% year-on-year to ₦1.05 trillion. This progress was fuelled by a 51.5% enhance in information income and a 27.7% rise in voice income.

The corporate returned to profitability, posting a revenue after tax of ₦133.7 billion ($83 million), a major turnaround from a ₦392.7 billion loss in the identical interval final yr. The EBITDA margin in Nigeria expanded by 7.2 proportion factors to 46.6%, reflecting improved operational effectivity and value administration.

MTN Ghana additionally delivered robust outcomes, with service income rising by 39.6% to GHS5.4 billion ($410 million); the corporate’s revenue after tax rose by 53.7% to GHS1.7 billion ($129 billion).

Knowledge income surged by 54.9%, pushed by a 39.7% enhance in common month-to-month information utilization per consumer. Cell Cash (MoMo) income grew by 53.1%, supported by a 44.8% rise in primary providers and a 72.4% enhance in superior providers.

The EBITDA margin in Ghana improved by 2.2 proportion factors to 58.1%, indicating robust profitability.

Group president and CEO Ralph Mupita commented on the outcomes, stating that the corporate’s efficiency was anchored within the continued robust execution of strategic and operational priorities and improved macroeconomic situations in key markets.

He highlighted MTN Nigeria and MTN Ghana’s important contributions, noting that their sturdy progress in information and fintech providers performed a vital position within the group’s general success.

Trying forward, MTN Group stays centered on increasing its digital and fintech providers, enhancing community infrastructure, and driving monetary inclusion throughout its markets. The corporate is optimistic about sustaining its progress momentum amid evolving market dynamics.