MTN Group (MTN) AGM 2026 summary

Opening remarks and agenda

• Welcomed shareholders to the 31st AGM, held electronically for broader participation and engagement.

• Introduced board members, executives, and external advisors present at the meeting.

• Outlined procedures for voting and Q&A, ensuring compliance with legal and regulatory requirements.

Board and executive committee updates

• Provided biographies of directors standing for election or reelection, available in the AGM notice.

• Confirmed presence of a quorum and compliance with Companies Act and JSE Listings Requirements.

Financial performance review

• Reported strong commercial momentum, especially in Nigeria and Ghana, with service revenue up 21.1% (constant currency) and EBITDA margin rising to 47.3%.

• Group leverage reduced to 0.2x, with ZAR 43 billion in liquidity.

• Subscriber base grew over 5% to nearly 313 million; data traffic up 20%.

• Fintech business saw 32% growth in transaction value to $163 billion and 67 million monthly active users.