Telecommunications company, MTN Ghana, reports a gross earnings of GHC 3.6 billion during the initial six months of the year 2025.
MTN Ghana Reports Impressive Q2 2025 Results
MTN Ghana, the leading mobile operator in Ghana, has announced its financial results for the second quarter of 2025, showcasing impressive growth across various segments. The company reported a profit before tax (PBT) of approximately GH₵3.6 billion, representing a 55.8% year-on-year increase.
The service revenue soared by 40% to GH₵11.3 billion, and earnings before interest, tax, depreciation, and amortization (EBITDA) grew by 45.5% to GH₵6.6 billion, with an EBITDA margin of 58.4%. These figures surpassed MTN Nigeria's EBITDA margin of 50.6%, demonstrating MTN Ghana's operational efficiency.
Strong Growth Drivers
The key growth drivers for MTN Ghana in this period were data services, mobile money (MoMo), and voice services.
Data services emerged as the primary revenue generator, driving strong service revenue growth. The data revenue for MTN Ghana increased by 50.8% to 6 billion cedis for the first half of 2025.
Mobile money, with active users reaching 17.7 million, significantly contributed to revenue and financial inclusion in Ghana. Mobile money revenue for MTN Ghana rose by 46.4% to 2.8 billion cedis for the same period.
Although growing at a slower pace compared to data, voice services still contributed meaningfully alongside the other segments. Voice revenue for MTN Ghana grew by 12.6% to 2 billion cedis for the first half of 2025.
Expanding Subscriber Base
MTN Ghana's subscriber base expanded by 6.5% to 30.2 million for the first half of 2025. The number of active data users for MTN Ghana increased by 11% to 18.2 million for the same period.
Investing in Network Upgrades
MTN Ghana invested 2.7 billion cedis in network upgrades, extending 4G coverage to 99.3% of Ghana's population.
Recognising Employee Efforts
The success of MTN Ghana is attributed to "strong commercial momentum and execution" by the company's CEO, Stephen Blewett. He praised the dedication of MTN Ghana's workforce for the stellar performance. According to Blewett, the results would not be possible without the unwavering dedication and hard work of MTN Ghana's employees.
Interim Dividend and Stock Performance
MTN Ghana declared an interim dividend of 0.08 cedis per share, up from 0.065 cedis in the same period last year. The announcement of the interim dividend fueled a rally in the company's stock, which hit an all-time high of 3.55 cedis on the Ghana Stock Exchange.
Contributing Factors
The surge in profit was driven by robust growth in MTN Ghana's data, mobile money, and voice services. The improving economic conditions in Ghana, with inflation dropping to 13.7% in June and the cedi strengthening against the U.S. dollar, may have contributed to MTN Ghana's success.
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The impressive Q2 2025 results of MTN Ghana, the leading mobile operator in Ghana, can be attributed to the growth in various business segments, particularly data services, mobile money, and voice services. The company's strategic investments in technology, such as network upgrades, are also driving the growth in these segments.
The success of MTN Ghana is also a testament to the dedication and hard work of its employees, as recognized by the CEO, Stephen Blewett. The company's strong operational efficiency, as evidenced by its EBITDA margin surpassing that of MTN Nigeria, further underscores the importance of technology and finance in achieving business growth.
