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MTN Ghana posts GH₵5.5bn profit in nine months

 


Scancom PLC (MTN Ghana) has reported a strong financial performance for the first nine months of 2025, with profit after tax rising by 45.9 percent year-on-year to GH₵5.5 billion.

This was driven by continued growth in data and Mobile Money services and sustained investments in network expansion.

According to the company’s financial statement released on Tuesday, service revenue grew by 36.3 percent to GH₵17.3 billion, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose 41.6 percent to GH₵10.2 billion, achieving a margin of 58.4 percent.

During the review period, MTN Ghana paid GH₵7.3 billion in direct and indirect taxes to the state.

 

Chief Executive Officer Stephen Blewett said the results reflect the consistent execution of the company’s commercial strategy and improvements in the macroeconomic environment.

Our performance was driven by subscriber growth and sustained capital expenditure, supported by better operational conditions that strengthened our business across key lines,” he stated.

MTN Ghana’s total subscriber base grew by 6.4 percent to 30.5 million, with active data users rising by 11.4 percent to 18.9 million and Mobile Money customers increasing by 4.1 percent to 17.7 million.

Data revenue surged 46.8 percent to GH₵9.3 billion, accounting for 53.6 percent of total service revenue, while Mobile Money revenue increased 39.2 percent to GH₵4.3 billion.

The company invested GH₵4.6 billion in capital expenditure, including GH₵3.3 billion in ex-lease spending, to enhance network quality, expand coverage, and upgrade IT systems.

By September, 4G population coverage had reached 98.9 percent nationwide.

In line with its sustainability agenda, the MTN Ghana Foundation launched several digital inclusion initiatives including the construction of a digital resource centre at the University for Development Studies in Tamale to train over 30,000 students in AI, robotics, and IoT.

The Foundation also trained 160 SMEs in fintech and accounting and supported over 4,000 learners through its Digital Skills Academy.

Blewett added that approval from the National Communications Authority to harmonise MTN’s spectrum licences would further enhance service quality and support Ghana’s digital transformation agenda.

This milestone strengthens our ability to deliver innovative services and improve network performance nationwide,” he said.

Looking ahead, MTN Ghana expressed optimism for the final quarter of 2025, citing expectations of stable macroeconomic conditions.

The company projects service revenue growth in the mid-to-upper thirties and EBITDA margins in the mid-fifties.

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