MTN to pay GH¢6.4bn to shareholders

Shareholders of MTN Ghana are set to receive a higher dividend for the 2025 financial year following the company’s strong performance.

Shareholders will receive a total dividend of GH¢0.48 per share, which includes an earlier interim dividend of GH¢0.08 per share and a final dividend of GH¢0.40 per share. This reflects a 57% increase in cash payout, amounting to GH¢6.4 billion.

MTN Ghana’s Board Chairman, Ishmael Yamson, announced this at the company’s 8th Annual General Meeting (AGM) in Accra last Tuesday. He highlighted that the 2025 financial results demonstrated a remarkable 36.1% growth in total revenue compared to 2024.

He attributed the strong performance to strategic efforts to enhance customer engagement and diversify the service portfolio, with significant gains in Data, Mobile Money, Digital, and Voice segments.

Mr. Yamson explained that disciplined cost management in 2025 contributed to a 43.5% increase in Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) over 2024, with EBITDA margins rising from 57.1% to 60.1%.

The Board recommends a final dividend of 40 pesewas per share for approval, payable in April 2026.

MTN Ghana’s total revenue grew by 36.1%, from GH¢17.9 billion in 2024 to GH¢24.4 billion in 2025, with service revenue increasing similarly to GH¢24.4 billion, aligning with the company’s medium-term growth targets of mid-to-upper thirties percentage.

Investments in network infrastructure and service quality supported this growth, helping MTN meet evolving customer needs and strengthen its market position.

Profit after tax rose from GH¢5 billion in 2024 to GH¢7.8 billion last year, a 55.9% increase.

Data revenue remained the largest contributor to service revenue, rising by 48.8% to GH¢13.4 billion from GH¢8.9 billion in 2024. Mobile Money revenue also grew significantly, up 35.7% to GH¢6 billion from GH¢4.4 billion, driven by increased adoption of mobile financial services and successful strategic partnerships.

Voice revenue showed resilience despite shifts toward VoIP services, increasing by 7.8% to GH¢3.8 billion from GH¢3.5 billion.

Digital revenue experienced the highest growth rate, soaring by 109.9% to GH¢479 million, reflecting rapid uptake of digital services. Meanwhile, other non-core services declined by 2.5% to GH¢685.2 million.

Looking ahead, CEO Stephen Blewett emphasized vigilance toward external risks such as geopolitical tensions and global trade uncertainties. Despite potential challenges, he expressed confidence in MTN Ghana’s ability to capitalize on opportunities in Ghana’s improving economy.

He stated the company is committed to accelerating growth in 2026 by strengthening high-speed data connectivity, expanding home broadband solutions, and growing MTN Business offerings like Yello Biz, which provide tailored digital tools for enterprises of all sizes.

Furthermore, he mentioned plans to enhance financial solutions such as digital lending, merchant payments, insurance, and savings products to meet the evolving needs of individuals and businesses.

By supporting financial inclusion and digital transformation, MTN Ghana aims to enable broader participation in the digital economy and reinforce its leadership in connectivity and fintech innovation.