MTN Ghana (Scancom PLC) has posted a 55.8% year-on-year increase in profit after tax to GHS3.6 billion for the first half of 2025, underpinned by strong performance in data and mobile financial services. Service revenue rose 40.0% to GHS11.3 billion, while EBITDA climbed 45.5% to GHS6.6 billion, with the margin improving to 58.4%.
The company declared an interim dividend of GHS0.08 per share, up from GHS0.065 a year earlier.
CEO Stephen Blewett credited the results to effective execution and market resilience. “It is their collective effort that has enabled us to overcome challenges and seize opportunities in the market,” he said, referring to the company’s workforce.
Subscriber and Revenue Growth
Subscriber growth continued across all categories:
- Mobile subscribers rose 6.5% to 30.2 million
- Active data users increased 11.0% to 18.2 million
- Mobile Money (MoMo) users climbed 7.4% to 17.7 million
Data revenue surged 50.8% year-on-year, supported by network investments and higher usage. Average monthly data usage per user rose 40.6% to 14GB. MoMo revenue grew 46.4%, driven by increased uptake of digital payments and lending.
Voice revenue rose 12.6% but showed signs of slowing, as users continue to shift to internet-based services. Digital services revenue jumped 87.7% year-on-year, spurred by rising engagement with video and gaming platforms.
Capital Spending and Taxes
Capital expenditure totaled GHS2.7 billion in the first half, focused on strengthening network infrastructure and maintaining 99.3% 4G population coverage. The company paid GHS5.1 billion in direct and indirect taxes, reflecting what it called a continued commitment to national development.
Social and ESG Initiatives
MTN Ghana reported progress on its social impact goals, including digital and financial inclusion for underserved groups through its Adwumapa programme. During its annual Y’ello Care campaign, over 200 women received training in sustainable skills, while 100 youth took part in ICT development programmes. The company also advanced initiatives on online child safety and digital literacy.
MoMo Localisation and Outlook
On the localisation of MobileMoney Ltd, the company said it held an Extraordinary General Meeting in May and remains aligned with regulatory requirements. It will continue to update the market on its progress.
Looking ahead, MTN Ghana said it would focus on expanding its fintech and data offerings, enhancing customer experience, and advancing its Ambition 2025 strategy. It reaffirmed its medium-term targets of mid-to-upper thirties growth in service revenue and EBITDA margins in the mid-to-high fifties.
“MTN Ghana’s H1 2025 financial performance was achieved through strong commercial momentum and execution, sustaining the positive operational trends from the first quarter of the year,” Blewett said. “We remain energised and committed to delivering on our market guidance and unlocking further value for our stakeholders.”
