Boost in MTN Ghana's First-Half Profits by 56% Propelled by Data Services and Fintech Growth
MTN Ghana Reports Impressive H1 2025 Financial Results
MTN Ghana, the leading mobile telecommunications company in Ghana, has released its H1 2025 financial results, showcasing a robust performance and a strategic focus on digital transformation and fintech growth.
The company reaffirmed its medium-term guidance, aiming for mid-to-upper thirties growth in service revenue and EBITDA margins in the mid-to-high fifties. This ambition is underpinned by a strong showing in the first half of the year, with service revenue rising by 40.0% to GHS11.3 billion, supported by strong momentum in data and mobile financial services.
Data revenue saw the highest growth at 50.8% year-on-year, while digital services posted an 87.7% surge in revenue, driven by higher engagement with video and gaming platforms. This digital growth was mirrored in the mobile subscriber base, which increased by 6.5% to 30.2 million, and active data users, which rose by 11.0% to 18.2 million. Monthly average data usage per subscriber jumped 40.6% to 14GB.
These impressive figures led to a 55.8% year-on-year increase in profit after tax to GHS3.6 billion. In response, the company posted an interim dividend of GHS0.08 per share, up from GHS0.065 in the same period last year.
Total capital expenditure for the period was GHS2.7 billion, primarily focused on enhancing network infrastructure, maintaining 99.3% 4G population coverage, and improving service quality.
CEO Stephen Blewett attributed the performance to "strong commercial momentum and execution." He emphasized the benefit of a stable cedi and tech-friendly policies that support their growth ambitions, indicating long-term plans to build on these strengths by fostering innovation in fintech and expanding data services further.
MTN Ghana remains aligned with regulatory expectations and will update the market as developments occur. The company also plans to strengthen partnerships within the fintech ecosystem and continue advancing ESG goals.
In addition, MTN Ghana reiterated its commitment to shared value creation, extending digital and financial services to women and underserved communities. During its flagship 21 Days of Y'ello Care volunteer campaign, over 200 women were trained in sustainable skills, and 100 youth received ICT training.
The company also confirmed that progress continues on the localisation of MobileMoney Ltd, including holding an Extraordinary General Meeting in May to engage shareholders on the process.
In conclusion, MTN Ghana's H1 2025 financial results reflect a strategic focus on digital transformation, fintech scale, strong revenue growth, and operational efficiency. These priorities, coupled with a commitment to shared value creation and a focus on ESG goals, position MTN Ghana well for continued success in the Ghanaian market.
[1] MTN Ghana H1 2025 Financial Results Press Release [2] MTN Ghana CEO Commentary on H1 2025 Financial Results [5] Comparative analysis with MTN Nigeria H1 2025 Financial Results
- The impressive growth in service revenue, particularly in data and mobile financial services, has opened new avenues for MTN Ghana to integrate fintech solutions and video platforms across their mobile infrastructure, deepening their engagement with users.
- In line with its strategic focus on fintech and digital transformation, MTN Ghana plans to foster partnerships within the fintech ecosystem, aiming to further expand their business model and leverage technology to provide financial services to untapped markets in Ghana.
- As a part of their commitment to shared value creation, MTN Ghana aims to leverage technology not only for business growth but also for social initiatives, focusing on skills development for women and underserved communities, through programs like the 21 Days of Y'ello Care campaign.
