Full Year 2025 MTN Group Ltd Earnings Call Transcript
Key Points
- MTN Group Ltd (MTNOF) reported excellent commercial performance, particularly in Nigeria and Ghana, with strong results also seen in Zambia and Cameroon.
- The company declared a dividend of ZAR5.00 per share, a 45% increase from the previous dividend, supported by strong cash generation.
- MTN Group Ltd (MTNOF) achieved a significant milestone by surpassing 300 million subscribers, with strong growth in active data subscribers and fintech users.
- The company reported a 22.7% constant currency service revenue growth, the highest since 2008, and an EBITDA margin improvement to 44.5%.
- MTN Group Ltd (MTNOF) maintained a healthy balance sheet with a consolidated net debt-to-EBITDA ratio of 0.3 times, supported by strong cash generation and upstreaming from operating companies.
- MTN South Africa faced challenges with a 4.4% decline in prepaid service revenue, impacting overall service revenue growth.
- The company anticipates continued difficulties in the South African market, particularly in the prepaid segment, for the first half of 2026.
- MTN Group Ltd (MTNOF) experienced a decline in EBITDA margin in South Africa due to higher share-based payments and increased operating expenses.
- The company faces regulatory challenges and evolving macroeconomic conditions, including conflicts in the Middle East and Africa, which could impact operations.
- MTN Group Ltd (MTNOF) is dealing with ongoing investigations by the U.S. Department of Justice, adding uncertainty to its operations.
(video playing)
Good afternoon to everybody, and welcome to the Innovation Center and for those online to our 2025 full-year financial results. My name is Thato Motlanthe, and I look after the Group Investor Relations. Welcome to all of those who've come into the room in the Innovation Center and all those who are on our platforms, YouTube, LinkedIn, and particularly our MTN colleagues across our markets who make all of this possible.
Before we get into the order of business for today, let's just run through the usual housekeeping. First of all, you should be seeing our disclaimer and Safe Harbor. That covers really the presentation for today. (Conference Instructions)
For connectivity, you should be seeing the WiFi details. I'll just give you a second to connect if you haven't already. And then on the social networks, if you plan to share some of the updates online, please do use our hashtag, which is MTN Annuals '25. You can tag our corporate accounts @MTNGroup on X and @MTN on LinkedIn. And there's also a QR
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