Shareholders of MTN Ghana are set to receive a higher dividend for the 2025 financial year following the company’s strong performance.
The shareholders will receive a total dividend of GH¢0.48 per share, in addition to an earlier interim dividend of GH¢0.08 per share and a final dividend of GH¢0.40 per share, representing a 57 per cent increase in cash payout amounting to GH¢6.4 billion.
The Board Chairman of MTN Ghana, Ishmael Yamson, who announced this at the company’s 8th Annual General Meeting (AGM) in Accra last Tuesday, said the company’s 2025 financial results highlighted an outstanding 36.1 per cent growth in total revenue over 2024.
The strong performance, he said, was driven by strategic efforts to boost customer engagement and broaden the company’s service portfolio, with Data, Mobile Money, Digital, and Voice segments all recording substantial gains.
Mr Yamson said the strong revenue performance was the result of the company’s disciplined approach to cost management in 2025, which resulted in a 43.5 per cent increase in Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) compared to 2024, with margins rising from 57.1 per cent to 60.1 per cent.
“Given our strong performance, the Board of Directors recommends a final dividend of 40 pesewas per share for approval, payable in April 2026,” he said.
The telecom giant’s total revenue increased by 36.1 per cent from GH¢17.9 billion in 2024 to GH¢24.4 billion in 2025, while service revenue increased by 36.2 per cent to GH¢24.4 billion, aligning with the business’s medium-term guidance of mid-to-upper thirties per cent growth.
Strategic, value-based investments in network infrastructure and service quality further supported the growth, enabling MTN to better meet evolving customer needs and strengthen its market position.
Profit after tax increased from GH¢5 billion in 2024 to GH¢7.8 billion last year, representing a 55.9 per cent increase.
Data revenue remained the leading contributor to service revenue, increasing by 48.8 per cent to GH¢13.4 billion from GH¢8.9 billion recorded in 2024.
Mobile Money revenue was the next largest contributor, rising by 35.7 per cent from GH¢4.4 billion in the 2024 financial year to GH¢6 billion in 2025.
This performance was driven by greater adoption of mobile financial services and the success of strategic partnerships that fostered ecosystem growth.
Voice revenue, despite the continued transition from traditional voice to Voice over Internet Protocol (VoIP) services, demonstrated resilience with a 7.8 per cent increase to GH¢3.8 billion against the GH¢3.5 billion recorded in the previous year.
Digital revenue posted the highest growth rate, increasing by 109.9 per cent to GH¢479 million, underscoring the rapid uptake of our digital offerings. In contrast, other non-core service revenue declined by 2.5 per cent to GH¢685.2 million.
Outlook
Looking ahead, the Chief Executive Officer (CEO) of MTN Ghana, Stephen Blewett, said the company remained vigilant to external risks, including persistent geopolitical tensions and global trade uncertainties, which could impact the broader macroeconomic landscape.
Despite the potential headwinds, he said MTN Ghana was exceptionally well-positioned to seize opportunities arising from Ghana’s strengthening economic climate.
“Building on the momentum of our strong 2025 performance and our culture of operational agility, we are committed to accelerating the growth of all our business in 2026.
“We will enhance high-speed data connectivity, broaden our suite of home broadband solutions, and expand MTN Business offerings, including platforms such as Yello Biz, to empower enterprises of all sizes with tailored digital tools and support,” Mr Blewett said.
He added that the company would enhance its financial solutions, such as digital lending, merchant payments, insurance, and savings products, to address the evolving needs of individuals and businesses alike.
By supporting financial inclusion and advancing Ghana’s digital transformation agenda, Mr Blewett said MTN Ghana was enabling individuals and businesses to participate more fully in the modern digital economy while reinforcing its leadership in connectivity and fintech innovation.
