The telecom group declared a dividend of $0.30 per share (R5.00), up from $0.21 (R3.45) in 2024, supported by stronger earnings and cash flow.
The increase comes after MTN swung back to profitability, driven by robust growth in Nigeria and Ghana, alongside improved operating performance across the Group.
Service revenue rose to about $13.11 billion (R218.5 billion), while earnings before interest, tax, depreciation and amortisation (EBITDA) climbed to approximately $5.91 billion (R98.5 billion).
Free cash flow also increased sharply, strengthening the company’s balance sheet and enabling higher returns to shareholders.
Group president and CEO Ralph Mupita said the results marked a strong finish to its five-year strategy.
“The Group’s overall performance in 2025 was excellent,” he said.
MTN also announced a share buyback programme of up to $360 million (R6 billion) over three years as part of an enhanced shareholder remuneration plan.
The payout reflects growing investor confidence after a period marked by currency volatility and losses in key markets.
Nigeria played a central role in the recovery, returning to profitability after a loss in 2024, while Ghana delivered strong growth and South Africa remained relatively stable.
MTN said it would continue investing in its network and digital platforms, with capital expenditure of about $2.28 billion (R38 billion) in 2025 to expand coverage and improve service quality.
As the company moves into its Ambition 2030 phase, it is betting on data, fintech and digital infrastructure to sustain growth.
