MTN Ghana is paying out a whopping ghs6.4 billion in dividends this year, as shareholders walk away with 48 Ghana pesewas per share payable in two installments – 40Gp on April 10, 2026 and 8Gp in September 2026.
The total payment represents 81% of the company’s profit after tax for the period under review, ending December 2025; while the 48 pesewas dividend per share also represents a significant 57.4% increase over that of the previous year.
This big payout is on the back of an impressive performance over the period under review, marked by a 36.1% increase in service revenue, driven mainly by 48.8% increase in data revenue, 35.7% increase in MoMo revenue, 109.9% increase in digital revenue and 7.8% increase in voice revenue. EBITDA grew 43.5% and EBITDA margin also grew by three percentage points from 57.1% in the previous year to 60.1%.
The company’s profit after tax, also increased by an impressive 55.9% over the period under review. Speaking of taxes, MTN paid out GHS10.5 billion in direct taxes to the government, plus another GHS1.3 billion in fees, levies and charges to various state institutions in 2025.
Over the period, MTN’s voice subscriptions increased by 9.2% from 28.55 million to 31.2 million; active data’s subscriptions also increased by 13.7% from 17.47 million to 19.87 million, while active mobile money customers also increased by 12.3% from about 17.17 million to 19.27 million.
All of these came about on the back of huge capital expenditure (capex), as the company reported a 46.67% increase in capex, from GHS3.13 billion to GHS6.4 billion over the one year period.
Looking ahead, MTN Ghana CEO, Stephen Blewett said, this year, the company will build on the momentum of the strong 2025 performance and on its culture of operational agility by accelerating the growth of all of its businesses in 2026.
“We will enhance high-speed data connectivity, broaden our suite of home broadband solutions, and expand MTN Business offerings…fintech product portfolio and forge new, strategic partnership in 2026,” he said.
MTN Ghana and MoMo Separation
He however noted that by the middle of this year, MTN Ghana and MobileMoney LTD will report their results separately, as they look forward to the IPO for the full separation of the two businesses in the next three to five years.
Shareholders raised concerns about the impact of that separation on shareholders value, because that threatens to create a huge gap in the earnings of MTN Ghana.
But the Board Chairman, Dr. Ishmael Yamson said there is no cause for alarm because already, MTN has other portfolios like the Home Business and MTN Business, which are performing better than Mobile Money and can therefore fill the void.
He said MTN has always performed better in the face of what looks like a crisis, adding that they have had a conversation internally about how to fill the void in the absence of MoMo and they are confident that shareholders will still get value in the coming years even after the separation from MoMo.
Speaking of crisis, Dr. Ishmael Yamson also assured shareholders that MTN is fully prepared for the expected shocks from the ongoing Middle East crisis, saying that “you know we always do better in the face of crisis so you can rest assured that, like all good companies do, MTN will come up tops.”
