Scancom (MTNGH) Q1 2026 earnings summary

Executive summary

• Achieved strong commercial and financial performance in Q1 2026, with disciplined execution of strategic priorities and focus on customer value, network resilience, and service excellence.

• Completed the structural separation of the Mobile Money business, now operated by MobileMoney Fintech LTD (MMFL), with both entities' shares stapled and traded as a single listed share.

• Delivered robust growth across data, Mobile Money, and digital services, supported by ongoing investments in network and platform innovation.

Financial highlights

• Service revenue rose 35.7% YoY to GHS7.3 billion, driven by data (+52.3%), Mobile Money (+28.4%), and digital (+107.1%) revenue growth.

• EBITDA increased 42.9% YoY to GHS4.5 billion, with EBITDA margin up 3.1pp to 61.2%.

• Profit after tax grew 46.8% YoY to GHS2.5 billion; EPS up 46.8% YoY to GHS0.187.

• Total capex was GHS0.3 billion (GHS0.2 billion ex-leases); GHS2.8 billion paid in direct and indirect taxes.

• Interim dividend of GHS0.03 per share declared by both Scancom PLC and MMFL for Q1 2026.

Outlook and guidance

• Ghanaian macroeconomic environment expected to remain stable, with inflation trending toward the 6-10% target band.

• Maintaining medium-term service revenue growth and margin guidance, but will reassess if global geopolitical risks impact the local economy.

• Focus remains on disciplined execution, operational efficiency, and value-based capital allocation, with continued investments in connectivity, fintech, and digital platforms.