MTN Ghana paid a total of GH¢10.5 billion in direct and indirect taxes to the government in 2025, up from GH¢8.6 billion in 2024, following a strong financial performance and increased shareholder returns.
According to its audited 2025 full-year results released by Scancom PLC, profit after tax rose by 55.9 percent to GH¢7.8 billion, compared to GH¢5.03 billion in the previous year. Earnings per share also climbed by 55.9 percent to GH¢0.5923.
Service revenue increased by 36.2 percent to GH¢24.4 billion, driven largely by growth in data and Mobile Money services. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 43.5 percent to GH¢14.7 billion, pushing the EBITDA margin to 60.1 percent, up from 57.1 percent in 2024.
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The company recorded strong expansion in data revenue during the year, while active Mobile Money users grew by 12.3 percent to 19.3 million. Total mobile subscribers also increased by 9.2 percent to 31.2 million, reflecting sustained demand for digital connectivity and financial services across Ghana.
These gains, MTN Ghana said, were supported by continuous investments in network quality and customer experience.
MTN Ghana invested GHS6.4 billion in capital expenditure in 2025, including GHS4.6 billion in ex-lease capex, to expand network coverage, boost capacity, and modernise its IT systems.
The company noted that the investments were aimed at improving service delivery and supporting the country’s growing digital economy.
On shareholder returns, the Board has recommended a final dividend of GH¢0.40 per share, up from GH¢0.24 in 2024, subject to approval at the Annual General Meeting.
The dividend is expected to be paid in April 2026, reflecting the company’s strong cash generation and commitment to rewarding investors.
Looking ahead, MTN Ghana expressed optimism that the country’s improving macroeconomic environment will support further growth in 2026.
The company maintained its medium-term service revenue growth guidance in the mid-to-upper thirties percent range and expects EBITDA margins in the mid-to-upper fifties percent. It also plans to sustain a dividend payout ratio of between 60 and 80 percent, subject to operating conditions.
Management said the outlook reflects confidence in the resilience of the business and the continued expansion of digital and financial services in the Ghanaian market.
Citi Business