MTN Ghana has reported a significant rise in tax contributions and profitability for the 2025 financial year, reflecting strong operational performance and growing demand for digital services.
The telecommunications company paid GHS10.5 billion in direct and indirect taxes to the government in 2025, up from GHS8.6 billion in 2024, underscoring its role as one of the country’s largest corporate taxpayers.
According to its audited full-year results released by Scancom PLC, profit after tax surged by 55.9 percent to GHS7.8 billion, compared to GHS5.03 billion recorded in the previous year. Earnings per share also rose by 55.9 percent to GHS0.5923.
Service revenue grew by 36.2 percent year-on-year to GHS24.4 billion, largely driven by robust performance in data and Mobile Money services.
The company’s Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) increased by 43.5 percent to GHS14.7 billion. This pushed the EBITDA margin up to 60.1 percent, representing a three-percentage-point improvement over 2024.
Data revenue recorded strong growth during the period, supported by rising smartphone penetration and increased digital activity.
Active Mobile Money users expanded by 12.3 percent to 19.3 million, while total mobile subscribers grew by 9.2 percent to 31.2 million, highlighting sustained demand for connectivity and digital financial solutions.
In line with its growth strategy, the company invested GHS6.4 billion in capital expenditure in 2025, including GHS4.6 billion in ex-lease capex.
The investments were directed at expanding network coverage, enhancing capacity, and modernising IT systems to improve service delivery and customer experience.
On shareholder returns, the Board has proposed a final dividend of GHS0.40 per share, subject to shareholder approval at the upcoming Annual General Meeting. This represents a significant increase from the GHS0.24 per share paid in 2024. The dividend is expected to be paid in April 2026.
Looking ahead, MTN Ghana anticipates that Ghana’s improving macroeconomic conditions will support further growth in 2026.
The company has maintained its medium-term guidance of service revenue growth in the mid-to-upper thirties percent range. It also expects EBITDA margins to remain in the mid-to-upper fifties percent range.
Management further indicated that it intends to sustain a dividend payout ratio of between 60 and 80 percent, subject to prevailing operating conditions.
The strong financial performance positions MTN Ghana to continue investing in network infrastructure and digital innovation while delivering value to shareholders and contributing significantly to national revenue mobilisation.
