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 Income Statement
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 |
Operating Revenue | 236,320 | 226,707 | 188,001 | 221,056 | 207,003 | 181,646 |
Other Revenue | 62 | 48 | 585 | 324 | 39 | - |
| 236,382 | 226,755 | 188,586 | 221,380 | 207,042 | 181,646 | |
Revenue Growth | 14.34% | 20.24% | -14.81% | 6.93% | 13.98% | 1.22% |
Cost of Revenue | 70,258 | 71,464 | 70,748 | 78,493 | 69,055 | 59,737 |
Gross Profit | 166,124 | 155,291 | 117,838 | 142,887 | 137,987 | 121,909 |
Selling, General & Admin | 30,334 | 29,022 | 24,335 | 27,249 | 25,005 | 22,550 |
Amortization of Goodwill & Intangibles | 8,092 | 7,580 | 6,368 | 8,138 | 5,999 | 6,243 |
Other Operating Expenses | 16,281 | 14,307 | 11,660 | 14,992 | 12,892 | 11,967 |
Operating Expenses | 89,932 | 84,157 | 74,099 | 85,839 | 74,094 | 70,273 |
Operating Income | 76,192 | 71,134 | 43,739 | 57,048 | 63,893 | 51,636 |
Interest Expense | -19,571 | -19,979 | -18,702 | -18,954 | -14,313 | -13,138 |
Interest & Investment Income | 3,309 | 3,121 | 2,417 | 3,055 | 2,042 | 1,198 |
Earnings From Equity Investments | -1,827 | 3,152 | 4,735 | 3,581 | 3,369 | 2,054 |
Currency Exchange Gain (Loss) | -2,661 | 313 | -18,879 | -23,170 | -6,055 | -2,551 |
Other Non Operating Income (Expenses) | -7,245 | -7,071 | -4,373 | -8,045 | -6,359 | -6,479 |
EBT Excluding Unusual Items | 48,197 | 50,670 | 8,937 | 13,515 | 42,577 | 32,720 |
Impairment of Goodwill | - | - | -437 | - | -625 | -583 |
Gain (Loss) on Sale of Investments | - | - | - | - | - | 1,738 |
Gain (Loss) on Sale of Assets | - | - | -799 | -900 | -892 | -4,720 |
Asset Writedown | -1,011 | -3,244 | -11,774 | -847 | -170 | -339 |
Other Unusual Items | 1,564 | - | - | - | - | - |
Pretax Income | 49,466 | 47,426 | -4,073 | 11,768 | 40,890 | 28,816 |
Income Tax Expense | 22,579 | 20,025 | 6,841 | 7,751 | 17,036 | 11,822 |
Earnings From Continuing Operations | 26,887 | 27,401 | -10,914 | 4,017 | 23,854 | 16,994 |
Minority Interest in Earnings | -9,102 | -7,139 | 1,545 | 75 | -4,817 | -3,244 |
Net Income | 17,785 | 20,262 | -9,369 | 4,092 | 19,037 | 13,750 |
Net Income to Common | 17,785 | 20,262 | -9,369 | 4,092 | 19,037 | 13,750 |
Net Income Growth | 124.90% | - | - | -78.50% | 38.45% | -19.22% |
Shares Outstanding (Basic) | 1,833 | 1,821 | 1,807 | 1,806 | 1,805 | 1,802 |
Shares Outstanding (Diluted) | 1,845 | 1,840 | 1,807 | 1,838 | 1,852 | 1,849 |
Shares Change | 1.42% | 1.85% | -1.71% | -0.76% | 0.16% | 1.71% |
EPS (Basic) | 9.70 | 11.13 | -5.19 | 2.27 | 10.55 | 7.63 |
EPS (Diluted) | 9.63 | 11.01 | -5.19 | 2.23 | 10.28 | 7.44 |
EPS Growth | 121.69% | - | - | -78.31% | 38.17% | -20.51% |
Additional Metrics
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 |
Free Cash Flow | 51,367 | 47,037 | 21,630 | 31,871 | 36,723 | 42,873 |
Free Cash Flow Per Share | 27.84 | 25.56 | 11.97 | 17.34 | 19.83 | 23.18 |
Dividend Per Share | 5.000 | 5.000 | 3.450 | 3.300 | 3.300 | 3.000 |
Dividend Growth | 44.93% | 44.93% | 4.54% | 0% | 10.00% | - |
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% |
Profit Margin | 7.52% | 8.94% | -4.97% | 1.85% | 9.20% | 7.57% |
Free Cash Flow Margin | 21.73% | 20.74% | 11.47% | 14.40% | 17.74% | 23.60% |
EBITDA | 100,572 | 95,045 | 66,337 | 84,991 | 87,364 | 75,481 |
EBITDA Margin | 42.55% | 41.91% | 35.18% | 38.39% | 42.20% | 41.55% |
D&A For EBITDA | 24,380 | 23,911 | 22,598 | 27,943 | 23,471 | 23,845 |
EBIT | 76,192 | 71,134 | 43,739 | 57,048 | 63,893 | 51,636 |
EBIT Margin | 32.23% | 31.37% | 23.19% | 25.77% | 30.86% | 28.43% |
Effective Tax Rate | 45.65% | 42.22% | - | 65.86% | 41.66% | 41.03% |