MTN Ghana delivered strong financial and operational results for the first quarter ended March 31, 2025, as the telecom giant recorded double-digit growth across key performance indicators, including subscriber numbers, service revenue, and profit.
According to the company’s Q1 2025 report, mobile subscribers grew by 5.2% year-on-year (YoY) to reach 29.2 million. Active data users rose 10.8% to 17.8 million, while active Mobile Money (MoMo) users increased by 11.5%, hitting 17.4 million.
Service revenue jumped by 39.6% YoY to GHS5.3 billion, underpinned by strong demand for data, digital services, and financial platforms. Earnings before interest, tax, depreciation, and amortization (EBITDA) climbed 45.0% to GHS3.1 billion, pushing the EBITDA margin up by 2.2 percentage points to 58.1%.
Profit after tax surged 53.7% to GHS1.7 billion, with earnings per share (EPS) also rising 53.7% to GHS0.1292. Capital expenditure for the quarter totaled GHS1.2 billion, including GHS0.8 billion excluding lease payments.
MTN Ghana reported paying GHS2.7 billion in direct and indirect taxes during the period, a significant increase from GHS1.7 billion in Q1 2024.
“The first quarter of 2025 was characterised by solid execution of our commercial strategy, culminating in a 5.2% expansion of our subscriber base and a 39.6% increase in service revenue. This performance is a result of strategic initiatives and investments across our key business lines: data, digital services, voice communications and Mobile Money,” said Stephen Blewett, CEO of MTN Ghana.
