MTN Group, the leading telecommunications operator in Africa, anticipates substantial growth in financial performance for the first half of 2025. Expectations highlight the company's resilience amidst improving macroeconomic conditions.
Expected Earnings Growth
MTN Group expects a 200% increase in earnings per share (EPS), rising from a loss of 409 cents in H1 2024 to a forecasted range of 495 to 577 cents. Headline earnings per share (HEPS) is also expected to surge over 300%, from negative 256 cents to a positive 614 to 666 cents. The company attributes this growth to strong commercial execution and disciplined capital allocation.
Financial Results and Trends
In its statement, MTN emphasized that the improved stability in inflation and currency rates across key markets positively impacted financial results. "Inflation and foreign exchange rates in key markets showed improved stability, which supported the positive momentum in our operational and financial results," the company stated.
Previous Results of MTN Group
In H1 2024, MTN Group reported a 20.8% decline in service revenue attributed to the devaluation of the Nigerian naira and operational challenges in Sudan. While revenue from the South African market grew marginally by 3.3%, the Nigerian market saw a 52.9% decline. However, overall group service revenue, excluding device and SIM card revenue, increased by 12.1%.
MTN Group is set to release its interim results on August 18, 2025. The expected improvement in financial performance signals a recovery for the company in key markets and overall economic stability.
