MTN Group records $6 billion data revenue in 2025, powered by strong performance in Nigeria and Ghana

MTN Group Limited had recorded a data revenue growth of 37.7% to $6 billion (R101.5 billion) for the year ended 31 December 2025. The run has been attributed to significant performance recorded during the same period in its Nigerian and Ghanaian markets.

According to the Group’s earnings released on Monday via the Johannesburg Stock Exchange (JSE), active data customers increased by 9.4% to 172.6 million, with a 27.0% rise in data traffic to 24.7 million gigabytes. Average monthly data per user was up from 10.8GB to 12.5GB. 

Compared to its performance in 2024, the group recorded strong momentum in its operational and financial results, adding 5.6% in total customers to 307.2 million across Africa. The group has announced surpassing the 300 million milestone in October, extending its footprint across Africa. 

Service revenue’s growth 

Overall, the telco’s service revenue increased by 22.7% to R218.5 billion, following significant growth of 54.6% and 35.9% delivered by its Nigerian and Ghanaian markets, respectively.

Recall that MTN Nigeria saw a robust turnaround in earnings after reporting a profit after tax of N1.1 trillion in 2025, a 377.9% surge from the N400.4 billion loss of 2024.  MTN Ghana’s net income climbed more than 50% last year, while profit after tax surged by 55.9% to $731 million (GHS 7.8 billion), and earnings per share (EPS) increased by 55.9%.

MTN South Africa was also credited for its resilience performance and contribution to the earnings. Despite facing increased competition in its prepaid business, the market saw a 2% growth in service revenue. 

Reacting to the report, Group’s President and CEO, Ralph Mupita, noted that surpassing the 300 million customers milestone aligns with the company’s ambition to deepen digital and financial inclusion in Africa. 

While the group delivered significant growth in earnings, free cash flow and returns, Mupita mentioned that the performance was “underpinned by improved macroeconomic conditions in key markets and driven by strong operational execution and disciplined capital allocation.”

MTN Ghana and Nigeria’s growth and contribution weren’t out of the blue; it was all about investment and favourable macroeconomic conditions. 

In the report, the group mentioned that around R38.5 billion was spent on Capital Expenditure to enhance capacity, coverage and quality. In fact, the group said investment in Nigeria and Ghana subsidiaries was “accelerated investment to support stronger growth.” 

The Group’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 36.8% to R98.5 million. Basic earnings per share (EPS) rose by 314.5% from the loss in 2024, while adjusted headline EPS increased by 67%.

Also Read: Silent revolution: Users of MTN’s FibreX’s increased by 658% in just one year.

MTN MoMo reaches 69.5 million users

MTN’s mobile money (MoMo) increased its active customers by 10% to 69.5 million as the platform processed transactions valued at $500.3 billion in 2025. Transaction volumes also jumped by 14.9% to 23.3 billion.

MoMo’s active agent footprint expanded from 19.4 to 1.4 million, driven by the roll-out of an in-house digital sales tool across six markets and supported by an improved agent commissioning model. MTN credited the growth to the use of a more segmented approach to managing high-value merchant relationships.

During the period, MoMo revenue grew 23.4% in constant currency. The group attributed the surge to higher utilisation within its core MoMo markets (Ghana and Uganda) and their respective MoMo Advance programme.

The group’s CEO acknowledged the growth, saying, “We are pleased with the overall development of our fintech ecosystem.” 

Its overall Fintech business is growing with revenue rising 23.2% in constant currency to R28.8 billion. Fintech transaction volumes and value were up 14.9%, while transaction value grew 37.6%.

As part of its newly unveiled Ambition 2030 strategy, MTN is doubling down on fintech as one of three strategic pillars. Others are connectivity and digital infrastructure. 

The post MTN Group records $6 billion data revenue in 2025, powered by strong performance in Nigeria and Ghana first appeared on Technext.