Scancom (MTNGH) H2 2025 earnings summary

Executive summary

• Achieved strong, broad-based performance led by connectivity and fintech, with robust subscriber growth and increased engagement driving data and MoMo momentum.

• Network investments and additional spectrum supported rising data demand and improved service quality.

• Empowered communities through digital inclusion, education, health initiatives, and significant national contributions.

Financial highlights

• Service revenue grew by 36.2% year-over-year to GHS24.4 billion; EBITDA rose 43.5% to GHS14.7 billion.

• Profit before tax increased 49.0% to GHS11.3 billion; PAT up 55.9% to GHS7.8 billion.

• Free cash flow before spectrum and license reached GHS4.3 billion, up 48.8%.

• Final dividend increased 66.7% to GHS0.40 per share.

Outlook and guidance

• On track to meet and sustain all medium-term goals, including mid-to-upper thirties percent service revenue growth and mid-to-upper fifties percent EBITDA margin.

• Ex-lease capex intensity improved by 1.4pp to 18.8%; 81% of PAT paid as dividends, exceeding payout target.