MTN Posts Higher Earnings on Improved Key Markets

Dow Jones03-16
 

By Nina Kienle

 

MTN Group posted higher full-year earnings and free cash flow on improved macroeconomic conditions in key markets and strong operational execution.

The South Africa-based telecommunications group said that service revenue for 2025 rose 23% to 218.5 billion South African rand ($12.89 billion), while data revenue rose 38% to 101.5 billion South African rand, both on a reported basis.

Earnings before interest, taxes, depreciation and amortization before one-off items rose 64% on a reported basis with a margin increase of 11.5 percentage points.

Total customers rose 5.6% to 307.2 million, while free cash flow rose 345.5% to 26.9 billion South African rand.

MTN declared a final dividend of 500 South African cents per share, up from 345 cents.

Looking forward, the company on Monday reaffirmed its mid-term guidance. However, current macroeconomic conditions and developments in global geopolitics, like the conflicts in the Middle East and Ukraine, might impact MTN's operating environment and forecast, it said.

MTN said it targets an annual distribution of between 40% to 60% of equity in free-cash-flow in shareholder remuneration, which includes dividends and share buybacks.

 

Write to Nina Kienle at nina.kienle@wsj.com

 

(END) Dow Jones Newswires

March 16, 2026 02:50 ET (06:50 GMT)

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