MTN Group reported a solid start to the year with strong first-quarter 2025 results, supported by growth in core markets including Nigeria and Ghana. The Group’s service revenue rose 19.8% in constant currency, driven by a 17.9% increase in data revenue and a 17.2% rise in fintech revenue.
Total subscribers rose 4.7% year-on-year to 296.8 million, while active data users grew 9.1% to 161.7 million, the company said.
The fintech segment continued its upward trajectory, with transaction volumes increasing by 13.9% to 5.5 billion. Transaction value surged 48.9% to $95.3 billion. MTN’s EBITDA margin expanded to 44.1%, marking a 5.3 percentage point improvement over the prior period.
Despite a challenging macroeconomic environment, the company said it recorded significant gains across digital and financial services. It highlighted progress in network sharing initiatives, partnerships with low Earth orbit (LEO) satellite providers, and the structural separation of its fintech business.
MTN Group President and CEO Ralph Mupita said the performance was underpinned by the company’s operational discipline and a favorable external backdrop. According to him, the positive results are due to disciplined execution of the Group’s strategic priorities, resilient demand for digital services, and improved macroeconomic conditions in key markets.
The company said it expects further momentum through 2025, supported by developments in its fintech portfolio, network efficiency programs, and recent regulatory approvals.
MTN, one of Africa’s largest telecom operators, has been expanding its digital and financial services footprint in recent years, positioning itself to benefit from shifting consumer behavior and mobile-first economies.
