MTN Group posted 2.6 billion Q1 revenue, lifted by Nigeria and Ghana where service income surged over 40, driving a 10.4 rise in group-wide service revenue.
Subscriber base reached 296.8 million across 16 markets, with data users growing 9.1 and MoMo monthly users hitting 62.2 million, boosting data and fintech income.
Group EBITDA jumped 33, margins expanded to 44.1, and MTN reaffirmed 382 million436 million in cost savings by 2026 under Ralph Mupita.
MTN Group, Africas largest telecom service provider, led by Zimbabwean senior executive Ralph Mupita, has made a strong recovery after a period of slowdown, reporting 2.59 billion in revenue for the first three months of its 2025 fiscal year. This impressive turnaround comes from growth across its key markets, particularly in Nigeria and Ghana.
Nigeria, Ghana fuel MTN Groups Q1 growthAccording to its recent quarterly update , the pan-African telecommunication group began 2025 on solid footing, reporting a 10.4 percent rise in service revenue from R42.9 billion 2.34 billion to R47.36 billion 2.58 billion, helped largely by strong results from its Nigerian and Ghanaian operations.
MTN Nigeria reported a 40.4 percent jump in service revenue, while MTN Ghana wasn't far behind with a 39.5 percent increase. South Africa, the groups home market, delivered a muted 2.6 percent service revenue gain as prepaid challenges persisted. In Uganda, service revenue rose 13.5 percent but was partially offset by a cut in mobile termination rates.
Subscriber base nears 300 millionThe group added 13.3 million users in the quarter, bringing its total subscriber base to 296.8 million across 16 markets. Active data users rose 9.1 percent year-on-year to 161.7 million, while MTNs mobile money platform, MoMo, grew slightly to 62.2 million monthly active users.