MTN Ghana paid GHS10.5 billion in direct and indirect taxes to the government in 2025, a significant increase from GHS8.6 billion in 2024, reflecting strong earnings growth and improved shareholder returns
According to audited full-year 2025 results released by Scancom PLC, profit after tax jumped by 55.9 percent to GHS7.8 billion, compared with GHS5.03 billion the previous year. Earnings per share also rose by 55.9 percent to GHS0.5923.
Service revenue climbed by 36.2 percent to GHS24.4 billion, largely driven by strong growth in data and Mobile Money services. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased by 43.5 percent to GHS14.7 billion, pushing the EBITDA margin to 60.1 percent—three percentage points higher year-on-year.
Data revenue recorded robust expansion 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, underlining sustained demand for connectivity and digital financial services.
The company invested GHS6.4 billion in capital expenditure in 2025, including GHS4.6 billion in ex-lease capex, aimed at expanding network coverage, boosting capacity, and modernising IT systems.
On shareholder returns, the Board has proposed a final dividend of GHS0.40 per share, up from GHS0.24 in 2024, subject to approval at the Annual General Meeting. The dividend is expected to be paid in April 2026.
Looking ahead, MTN Ghana says it is optimistic that the improving macroeconomic environment in Ghana will support further growth in 2026. The company is maintaining its medium-term service revenue growth guidance in the mid-to-upper thirties percent range, with EBITDA margins projected in the mid-to-upper fifties percent and a dividend payout ratio of 60 to 80 percent, depending on operating conditions.
