MTN Ghana, Mobile Money record GH¢7.75bn profit in nine months, up 43%

MTN Ghana and its separately incorporated Mobile Money Fintech Limited (MMFL) have recorded a combined profit after tax of GH¢7.75 billion for the nine months to September 2026, representing a 43 per cent increase over the GH¢5.42 billion posted during the same period last year.

The strong earnings performance was supported by higher revenue from data services, mobile money and digital platforms, alongside improved operational efficiency.

The companies’ combined financial results show that service revenue rose by 33.5 per cent to GH¢23.15 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 40.6 per cent to GH¢14.28 billion.

This lifted the EBITDA margin by 3.1 percentage points to 61.5 per cent, indicating stronger profitability despite a 23.2 per cent increase in total operating costs to GH¢8.93 billion.

Data remained the biggest revenue driver, generating GH¢13.45 billion, up 44.5 per cent year-on-year. Mobile Money revenue also increased by 24.4 per cent to GH¢5.37 billion, while digital revenue nearly doubled to GH¢642 million.

The growth reflects expanding customer adoption, with active data subscribers rising 16.1 per cent to 22 million and active Mobile Money users increasing 6.9 per cent to 18.9 million.

Meanwhile, the boards of Scancom PLC and MMFL have each declared an interim third-quarter dividend of GH¢0.03 per share.

MTN Ghana says it expects full-year 2026 service revenue growth in the low-to-mid-30 per cent range, with EBITDA margins projected between the high-50s and low-60s.

CitiNewsRoom