MTN Ghana pays GHS10.5bn in 2025 taxes as profit surges nearly 56%

Scancom PLC, operators of MTN Ghana, delivered a robust financial performance in 2025, increasing its total direct and indirect tax contributions to GHS10.5 billion a sharp rise from the GHS8.6 billion paid in 2024. The telecom operator’s audited full-year results show profit after tax climbed by 55.9 % to GHS7.8 billion, up from GHS5.03 billion the previous year. Earnings per share mirrored the growth trend, rising to GHS0.5923.

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Strong demand for data and Mobile Money services powered revenue expansion during the year. Total service revenue grew by 36.2% to reach GHS24.4 billion. Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) increased by 43.5% to GHS14.7 billion, pushing the EBITDA margin up to 60.1%, a three-percentage-point improvement year-on-year.

Digital financial services remained a key growth pillar, with active Mobile Money users increasing by 12.3% to 19.3 million. The company’s total subscriber base also expanded by 9.2%, reaching 31.2 million customers by year-end.

To strengthen infrastructure and service quality, MTN Ghana invested GHS6.4 billion in capital expenditure in 2025, including GHS4.6 billion in ex-lease capex. The investment focused on widening network coverage, boosting capacity, and upgrading IT systems.

Shareholders are set to benefit from the strong performance. The Board has proposed a final dividend of GHS0.40 per share, subject to approval at the Annual General Meeting, a significant increase from the GHS0.24 paid the previous year. Payment is expected in April 2026.

Looking ahead, the company projects that Ghana’s stabilising macroeconomic conditions will create a supportive environment for continued growth in 2026. It has maintained its medium-term service revenue growth outlook in the mid-to-upper 30 percent range and expects EBITDA margins to remain in the mid-to-upper 50 % range, while sustaining a dividend payout ratio of between 60 and 80%, depending on operating conditions.