MTN Ghana contributed GHS10.5 billion in direct and indirect taxes to the government in 2025, up from GHS8.6 billion in 2024, following strong earnings growth and increased returns for shareholders.

According to the audited 2025 full-year results released by Scancom PLC (MTN Ghana), profit after tax surged 55.9 percent to GHS7.8 billion, compared to GHS5.03 billion in 2024. Earnings per share also rose by 55.9 percent to GHS0.5923.

Service revenue climbed 36.2 percent to GHS24.4 billion, driven mainly by growth in data and Mobile Money services. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased 43.5 percent to GHS14.7 billion, boosting the EBITDA margin to 60.1 percent, up three percentage points from the previous year.

Data revenue showed strong growth, while active Mobile Money users rose 12.3 percent to 19.3 million. Total mobile subscribers also grew 9.2 percent to 31.2 million, reflecting strong 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, enhancing capacity, and modernising IT systems.

On shareholder returns, MTN Ghana’s Board has proposed a final dividend of GHS0.40 per share, up from GHS0.24 in 2024, pending approval at the Annual General Meeting. The dividend is scheduled for payment in April 2026.

Looking ahead, MTN Ghana expects Ghana’s improving macroeconomic environment to support further growth in 2026. The company maintains its medium-term service revenue growth guidance in the mid-to-upper thirties percent range, anticipates EBITDA margins in the mid-to-upper fifties percent, and plans to sustain a dividend payout ratio of 60 to 80 percent, subject to operating conditions.