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MTN Group (MTN) investor relations material
MTN Group Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Financial performance highlights
Service revenue grew in line with medium-term guidance, despite fintech pressures from regulatory actions in Nigeria.
EBITDA margin and free cash flow expanded, with strong cash upstreaming to the group.
Material asset impairment taken on the 49% minority investment in Irancell due to geopolitical and economic conditions.
Adjusted HEPS expected to increase by 18–23% to 775–808 cents, reflecting underlying operating performance.
EPS expected to decrease by 20–30% to 377–431 cents, mainly due to impairment losses and non-operational items.
Operational and market updates
South African prepaid market remained challenging, particularly in voice service revenue.
MTN Nigeria, Ghana, and Uganda reported solid operational performance for H1 2026.
Progress made on the IHS acquisition, with most material conditions precedent concluded; regulatory approvals remain outstanding.
Non-operational impacts and restatements
Impairment losses of 213 cents in H1 26, mainly from Iran operations, affected EPS.
Non-operational items, including hyperinflation and forex losses, impacted headline earnings.
MTN Ghana restatements will increase H1 25 EPS and HEPS by 8 cents each for comparative purposes.
- Two special resolutions passed with 99.95% approval in an efficient electronic meeting.MTN
AGM 2024 - Ambition 2030 drives growth via three platforms, targeting high-teens revenue and margin expansion.MTN
CMD 2026 - Strong financial results, strategic progress, and all resolutions passed at the AGM.MTN
AGM 2026 - Q1 2026 saw 21.1% service revenue growth and a 47.6% EBITDA margin, led by data and fintech.MTN
Q1 2026 - Service revenue rose 13.8%* and EBITDA 10.2%* in 2024, with strong data and fintech growth.MTN
Q4 2024 - Strong FY2025 results with record revenue, profit, cash flow, and higher dividends.MTN
Q4 2025 - FY25 EPS and HEPS expected to surge over 300% and 1,000% year-over-year, led by Nigeria and Ghana.MTN
Q4 2025 TU - Majority stake acquisition in IHS boosts digital infrastructure control and financial accretion.MTN
Acquisition presentation - Strong financial results, strategic progress, and robust governance marked the AGM.MTN
AGM 2025
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