Scancom (MTNGH) H1 2026 earnings summary

Executive summary

• Achieved strong service revenue growth of 32.3% year-over-year, driven by Home, Digital, Enterprise, and fintech platforms.

• Disciplined execution resulted in sustained profitability, with EBITDA margin reaching 61.8%.

• Enhanced shareholder value through stronger earnings and quarterly dividend payments.

• Expanded customer engagement via digital channels and AI-led personalization.

• Achieved structural separation of Fintech operations, with MobileMoney Fintech Ltd (MMFL) now operating as a standalone entity from 31 March 2026, enhancing operational focus and transparency.

Financial highlights

• Service revenue rose 32.3% year-over-year to GHS15.0 billion.

• EBITDA increased 39.8% to GHS9.3 billion, with margin up 3.4pp to 61.8%.

• Profit after tax increased 46.8% to GHS5.1 billion; EPS up 46.1% to GHS0.388.

• MoMo revenue up 23.3% to GHS3.5 billion; data revenue up 47.1% to GHS8.8 billion.

• Total capex was GHS2.1 billion, with ex-lease capex at GHS1.9 billion.

Outlook and guidance

• Targeting mid-to-upper thirties percent service revenue growth in the medium term.

• Aiming for mid-to-upper fifties percent EBITDA margin.

• Improving ex-lease capex intensity and maintaining a 60-80% dividend payout ratio.

• Strategic focus remains on executing Ambition 2030, driving growth across connectivity, fintech, digital, home broadband, and enterprise services.

• Ghana's macroeconomic environment expected to remain stable, with inflation projected to trend toward the lower end of the Bank of Ghana's target range.