(JUBA) – MTN Group Limited, a leading pan African mobile operator, reported strong financial and operational performance for the first half of 2025, driven by growth across its African markets, including South Sudan.
The company serves 298 million customers in 16 countries and has highlighted gains in service revenue, data and fintech operations, reflecting both improved macroeconomic conditions and disciplined capital allocation.
Group service revenue rose by 22.4 percent in constant currency to approximately R105.1 billion (US$22.85 billion / SSP105.1 billion), with MTN Nigeria and MTN Ghana leading the growth.
Data revenue increased by 34.3 percent, while fintech revenue grew 24.9 percent, showing continued demand for mobile financial services.
MTN’s EBITDA, before once-off items, rose 42.3 percent to R46.7 billion (US$10.15 billion / SSP46.6 billion), with margins expanding to 44.2 percent. Basic earnings per share turned positive at 539 cents (US$0.12 / SSP552), compared with a loss in H1 2024.
Total subscribers increased by 4.7 percent to 297.7 million, with active data users rising 10.3 percent to 164.4 million.
Mobile Money monthly active users reached 63.2 million, while fintech transaction volumes grew 14.5 percent to 11.1 billion.
Data traffic rose by 29.1 percent to 11.7 petabytes, reflecting strong uptake in digital services across the region, including South Sudan.
Capital expenditure, excluding leases, reached R20.8 billion (US$4.52 billion / SSP20.8 billion), focusing on network expansion and quality improvements, particularly in Nigeria and Ghana.
The Group’s net debt to EBITDA ratio improved to 0.5 times, showing a strong balance sheet, with cash holdings of R15.7 billion (US$3.41 billion / SSP15.7 billion).
Group President and CEO Ralph Mupita said the results reflect resilience and strong commercial execution. He confirmed MTN’s medium term guidance has been upgraded, with expected service revenue growth of at least high-teens percent, supported by a focus on expanding digital services and fintech ecosystems.
MTN’s Southern and East Africa region, which includes South Sudan, continued to benefit from regional growth and mobile financial service adoption.
The company aims to deploy R33-38 billion (US$7.17-8.26 billion / SSP33-38 billion) in capital expenditure for the full year 2025 to strengthen network capacity and accelerate digital service delivery.
MTN H1 2025 Key Metrics
| Metric | H1 2025 | H1 2024 | Growth |
|---|---|---|---|
| Service revenue | R105.1B / US$22.85B / SSP105.1B | – | +22.4%* |
| Data revenue | – | – | +34.3%* |
| Fintech revenue | – | – | +24.9%* |
| EBITDA (before once-off items) | R46.7B / US$10.15B / SSP46.6B | – | +42.3%* |
| EBITDA margin | 44.2% | – | +7.1pp* |
| Basic EPS | 539c / US$0.12 / SSP552 | Loss 409c | +231.8% |
| Subscribers | 297.7M | – | +4.7% |
| Active data subscribers | 164.4M | – | +10.3% |
| Mobile Money MAU | 63.2M | – | +1.7% |
| Fintech transaction volumes | 11.1B | – | +14.5% |
| Data traffic | 11.7PB | – | +29.1% |
| Capex (ex-leases) | R20.8B / US$4.52B / SSP20.8B | – | – |