MTN Group (MTN) Q4 2025 TU earnings summary

Executive summary

• Strong operational progress and favorable macroeconomic conditions drove robust FY25 performance.

• Major markets, including Nigeria and Ghana, delivered improved profitability and revenue growth.

• South Africa faced increased competition in the prepaid segment, but overall group momentum remained positive.

Financial highlights

• FY25 EPS expected between 1,062 and 1,168 ZAC, a rise of over 300% year-over-year from FY24 (-531 ZAC).

• FY25 HEPS expected between 1,264 and 1,284 ZAC, an increase of over 1,000% from FY24 (98 ZAC).

• Impairment losses for FY25 total approximately 157 cents, down from 578 cents in FY24.

• Non-operational items in FY25 HEPS net to -85 cents, compared to -718 cents in FY24.

Outlook and guidance

• FY25 results to be published around 16 March 2026, including restated FY24 figures.