MTN Group Ratios and Metrics

Market cap in millions ZAR. Fiscal year is January - December.

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 7, 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
Market Capitalization	355,798	310,260	166,178	208,640	229,864	307,757
Market Cap Growth	71.30%	86.70%	-20.35%	-9.23%	-25.31%	184.27%
Enterprise Value	478,491	452,695	292,534	321,553	332,883	412,697
Last Close Price	194.11	169.50	89.08	107.47	115.41	152.36
PE Ratio	17.63	15.31	-	50.99	12.08	22.38
Forward PE	11.71	10.63	11.65	10.56	9.13	15.13
PS Ratio	1.57	1.37	0.88	0.94	1.11	1.69
PB Ratio	2.10	1.83	1.21	1.39	1.92	2.68
P/TBV Ratio	5.16	4.50	3.10	3.24	3.58	4.57
P/FCF Ratio	7.56	6.60	7.68	6.55	6.26	7.18
P/OCF Ratio	4.56	3.98	3.62	3.26	3.37	4.57
PEG Ratio	0.34	0.35	-	1.36	0.51	0.76
EV/Sales Ratio	2.11	2.00	1.55	1.45	1.61	2.27
EV/EBITDA Ratio	4.41	4.76	4.41	3.78	3.81	5.47
EV/EBIT Ratio	6.44	6.36	6.69	5.64	5.21	7.99
EV/FCF Ratio	10.17	9.62	13.52	10.09	9.07	9.63
Debt / Equity Ratio	0.88	0.88	1.16	1.00	1.15	1.12
Debt / EBITDA Ratio	1.41	1.41	2.12	1.60	1.45	1.56
Debt / FCF Ratio	3.16	3.16	7.36	4.74	3.75	3.01
Net Debt / Equity Ratio	0.58	0.58	0.87	0.73	0.74	0.73
Net Debt / EBITDA Ratio	1.03	1.03	1.81	1.30	1.02	1.11
Net Debt / FCF Ratio	2.08	2.08	5.54	3.45	2.42	1.96
Asset Turnover	0.49	0.49	0.44	0.54	0.55	0.51
Inventory Turnover	56.65	56.65	52.70	46.47	40.09	38.88
Quick Ratio	0.42	0.42	0.49	0.42	0.54	0.53
Current Ratio	0.94	0.94	0.96	0.88	0.96	1.01
Return on Equity (ROE)	17.83%	17.83%	-7.58%	2.98%	20.33%	15.37%
Return on Assets (ROA)	9.56%	9.56%	6.31%	8.70%	10.63%	9.03%
Return on Invested Capital (ROIC)	15.35%	15.65%	16.90%	8.31%	18.30%	14.85%
Return on Capital Employed (ROCE)	23.70%	23.70%	15.50%	21.10%	26.40%	22.10%
Earnings Yield	5.69%	6.53%	-5.64%	1.96%	8.28%	4.47%
FCF Yield	13.22%	15.16%	13.02%	15.28%	15.98%	13.93%
Dividend Yield	2.58%	2.95%	3.87%	3.07%	2.86%	1.97%
Payout Ratio	30.77%	30.77%	-	145.72%	28.44%	-
Buyback Yield / Dilution	-1.85%	-1.85%	1.71%	0.76%	-0.16%	-1.71%
Total Shareholder Return	0.72%	1.09%	5.58%	3.83%	2.70%	0.25%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.