MTN Group Limited (JSE:MTN)
South Africa · Delayed Price · Currency is ZAR · Price in ZAc 19,500
-340 (-1.71%)
Sep 2, 2026, 5:03 PM SAST
MTN Group Financials Overview
Financials in millions ZAR. Fiscal year is January - December.
Millions ZAR. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Revenue Revenue Growth | 236,382 | 226,755 | 188,586 | 221,380 | 207,042 | 181,646 |
Revenue Growth | 4.25% | 20.24% | -14.81% | 6.93% | 13.98% | 1.22% |
Gross Profit Gross Profit Growth | 166,124 | 155,291 | 117,838 | 142,887 | 137,987 | 121,909 |
Operating Income Operating Income Growth | 76,192 | 71,134 | 43,739 | 57,048 | 63,893 | 51,636 |
Net Income Net Income Growth | 17,785 | 20,262 | -9,369 | 4,092 | 19,037 | 13,750 |
Earnings Per Share EPS Growth | 9.63 | 11.01 | -5.19 | 2.23 | 10.28 | 7.44 |
EPS Growth | -12.52% | - | - | -78.31% | 38.17% | -20.51% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cameroon Cameroon Growth | 13,894 | 13,452 | 11,063 | 9,905 | 7,727 | 7,244 |
Eliminations Eliminations Growth | -16,828 | -18,456 | -16,895 | -17,926 | -20,605 | -17,713 |
Unallocated Unallocated Growth | 23,841 | 30,036 | 27,475 | 26,835 | 25,875 | 19,083 |
Nigeria Nigeria Growth | 68,830 | 61,694 | 41,043 | 74,270 | 77,260 | 60,050 |
South Africa South Africa Growth | 50,687 | 51,090 | 52,596 | 51,807 | 50,640 | 48,716 |
Côte D’Lvoire Côte D’Lvoire Growth | 10,687 | 10,026 | 9,402 | 10,302 | 8,918 | 8,903 |
Sudan Sudan Growth | 2,689 | 2,192 | 786 | 3,484 | 4,032 | 2,226 |
Ghana Ghana Growth | 42,470 | 35,730 | 22,642 | 20,771 | 18,031 | 19,187 |
Uganda Uganda Growth | 17,628 | 17,891 | 15,459 | 13,184 | 10,126 | 8,549 |
Other West and Central Africa (WECA) Other West and Central Africa (WECA) Growth | - | 12,933 | 14,879 | 16,061 | 13,603 | 12,671 |
Other South and East Africa (SEA) Other South and East Africa (SEA) Growth | - | 10,119 | 9,053 | 9,739 | 5,900 | 5,977 |
Afghanistan Afghanistan Growth | - | - | 498 | 2,624 | 2,180 | 2,092 |
Total Total Growth | 236,320 | 226,707 | 188,001 | 221,056 | 207,003 | 181,646 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Investments Cash & Investments Growth | 31,145 | 50,623 | 39,263 | 40,911 | 49,004 | 44,910 |
Total Debt Total Debt Growth | 144,580 | 148,580 | 159,139 | 150,935 | 137,840 | 128,816 |
Net Cash (Debt) Net Cash Growth | -113,435 | -97,957 | -119,876 | -110,024 | -88,836 | -83,906 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -61.48 | -53.24 | -66.36 | -59.86 | -47.97 | -45.38 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Cash Flow Operating Cash Flow Growth | 83,142 | 77,944 | 45,918 | 64,058 | 68,121 | 67,286 |
Capital Expenditures CapEx Growth | -31,775 | -30,907 | -24,288 | -32,187 | -31,398 | -24,413 |
Free Cash Flow Free Cash Flow Growth | 51,367 | 47,037 | 21,630 | 31,871 | 36,723 | 42,873 |
Free Cash Flow Growth | 9.21% | 117.46% | -32.13% | -13.21% | -14.34% | 22.46% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Gross Margin | 70.28% | 68.48% | 62.48% | 64.54% | 66.65% | 67.11% |
Operating Margin | 32.23% | 31.37% | 23.19% | 25.77% | 30.86% | 28.43% |
Pretax Margin | 20.93% | 20.92% | -2.16% | 5.32% | 19.75% | 15.86% |
Profit Margin | 7.52% | 8.94% | -4.97% | 1.85% | 9.20% | 7.57% |
FCF Margin | 21.73% | 20.74% | 11.47% | 14.40% | 17.74% | 23.60% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 3, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Dividend Per Share Dividend Per Share Growth | 5.000 | 5.000 | 3.450 | 3.300 | 3.300 | 3.000 |
Dividend Per Share Growth | 44.93% | 44.93% | 4.54% | 0% | 10.00% | - |
Dividend Yield | 2.58% | 3.03% | 3.98% | 3.15% | 2.94% | 2.02% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 3, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PE Ratio | 20.25 | 15.31 | - | 50.99 | 12.08 | 22.38 |
Forward PE | 11.59 | 10.63 | 11.65 | 10.56 | 9.13 | 15.13 |
P/FCF Ratio | 6.96 | 6.60 | 7.68 | 6.55 | 6.26 | 7.18 |
PS Ratio | 1.51 | 1.37 | 0.88 | 0.94 | 1.11 | 1.69 |