MTN Ghana paid GHS10.5 billion in direct and indirect taxes to the government in 2025, up from GHS8.6 billion in 2024, as the telecom giant delivered strong earnings growth and increased shareholder returns.
According to its audited 2025 full-year results released by Scancom PLC (MTN Ghana), profit after tax rose by 55.9 percent to GHS7.8 billion, compared to GHS5.03 billion the previous year. Earnings per share also climbed 55.9 percent to GHS0.5923.
Service revenue increased by 36.2 percent to GHS24.4 billion, driven largely by growth in data and Mobile Money services. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 43.5 percent to GHS14.7 billion, lifting the EBITDA margin to 60.1 percent, up three percentage points year-on-year.
Data revenue expanded strongly during the year, while active Mobile Money users increased by 12.3 percent to 19.3 million. Total mobile subscribers grew by 9.2 percent to 31.2 million, reflecting continued demand for connectivity and digital financial services.
The company invested GHS6.4 billion in capital expenditure during the year, including GHS4.6 billion in ex-lease capex – to expand network coverage, enhance capacity, and modernise IT systems.
On shareholder returns, the Board has recommended 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 scheduled for payment in April 2026.
Looking ahead, MTN Ghana says it expects Ghana’s improving macroeconomic environment to support further growth in 2026.
The company is maintaining its medium-term service revenue growth guidance in the mid-to-upper thirties percent range and anticipates EBITDA margins in the mid-to-upper fifties percent, while sustaining a dividend payout ratio of 60 to 80 percent, subject to operating conditions.
