Scancom (MTNGH) Q3 2026 earnings summary

Executive summary

• Combined nine-month results showed broad-based growth across Connectivity and Fintech, with service revenue up 33.5% YoY and EBITDA up 40.6%.

• Customer growth and rising data usage supported performance; 5G spectrum awards will add capacity, while the Fintech business has operated as a separate legal entity since 31 March 2026.

Financial highlights

• Combined 9M total revenue was GHS23.2bn, up 33.4% YoY; service revenue was GHS23.15bn, up 33.5%.

• EBITDA rose 40.6% to GHS14.3bn; PBT increased 47.0% to GHS11.4bn and PAT rose 43.0% to GHS7.75bn.

• EPS increased 42.9% YoY to GHS0.586; tax expense increased 56.1% to GHS3.6bn, reflecting higher taxable earnings.

• Cash generated from operations was GHS14.6bn; combined free cash flow was GHS7.4bn. Direct and indirect taxes paid were GHS9.0bn.

Outlook and guidance

• FY26 service revenue growth is expected in the low-to-mid 30% range; EBITDA margin guidance is high-50s to low-60s.

• Medium-term EBITDA margins are expected to normalize toward the mid-to-high 50% range as investment increases in 5G, network quality and coverage.

• Medium-term service revenue assumptions will be reassessed after business planning; global economic and geopolitical developments remain under review.