MTN Ghana, the leading telecommunications company, has reported a strong financial performance for the first nine months of 2025, with profit after tax rising 45.9% year-on-year to GH₵5.5 billion. The growth was driven by sustained demand for data and Mobile Money services, as well as strategic investments in network expansion.
The company’s service revenue increased by 36.3% to GH₵17.3 billion, while earnings before interest, tax, depreciation, and amortization (EBITDA) rose by 41.6% to GH₵10.2 billion, achieving a margin of 58.4%. MTN Ghana paid GH₵7.3 billion in direct and indirect taxes to the state during the period.
MTN Ghana’s Chief Executive Officer, Stephen Blewett, attributed the strong performance to consistent execution of the company’s commercial strategy and improvements in the macroeconomic environment. “Our results were driven by subscriber growth and sustained capital expenditure, supported by better operational conditions that strengthened our performance across key business lines,” he said.
The company’s total subscriber base grew by 6.4% to 30.5 million, with active data subscribers rising by 11.4% to 18.9 million and active Mobile Money users increasing by 4.1% to 17.7 million. Data revenue surged by 46.8% to GH₵9.3 billion, accounting for 53.6% of total service revenue, while Mobile Money revenue increased by 39.2% to GH₵4.3 billion.
MTN Ghana invested GH₵4.6 billion in capital expenditure during the period, including GH₵3.3 billion in ex-lease spending to improve network quality, expand coverage, and upgrade IT systems. By the end of September, MTN had achieved 98.9% 4G population coverage nationwide.
The company reaffirmed its commitment to stakeholder collaboration, cost efficiency, and customer satisfaction, emphasizing plans to leverage artificial intelligence tools to enhance customer engagement. “We will continue to scale our platforms, expand the MoMo ecosystem, and introduce innovative services that meet customer needs while advancing financial inclusion,” Mr. Blewett added.
