MTN Group delivered a strong performance in the first quarter of 2025, underpinned by solid growth in key markets like Nigeria and Ghana. The company reported a 19.8% increase in service revenue on a constant currency basis, driven by a 17.9% rise in data revenue and a 17.2% uptick in fintech revenue. The Group’s total subscriber base grew by 4.7% to 296.8 million, while active data users rose by 9.1% to 161.7 million.
The fintech division continued its upward trajectory, with transaction volumes increasing by 13.9% to 5.5 billion and transaction values surging 48.9% to \$95.3 billion. MTN also improved its EBITDA margin to 44.1%, marking a 5.3 percentage point gain. Despite macroeconomic headwinds, the Group made notable strides in its digital and financial service offerings, including advancements in network sharing, partnerships involving low Earth orbit (LEO) satellites, and the ongoing separation of its fintech arm.
President and CEO Ralph Mupita credited the strong results to effective execution of strategic goals, robust demand for digital solutions, and a more favorable economic landscape in major markets. MTN also emphasized progress in regulatory matters, network optimization, and fintech development as key drivers for continued growth through 2025.
The fintech division continued its upward trajectory, with transaction volumes increasing by 13.9% to 5.5 billion and transaction values surging 48.9% to \$95.3 billion. MTN also improved its EBITDA margin to 44.1%, marking a 5.3 percentage point gain. Despite macroeconomic headwinds, the Group made notable strides in its digital and financial service offerings, including advancements in network sharing, partnerships involving low Earth orbit (LEO) satellites, and the ongoing separation of its fintech arm.
President and CEO Ralph Mupita credited the strong results to effective execution of strategic goals, robust demand for digital solutions, and a more favorable economic landscape in major markets. MTN also emphasized progress in regulatory matters, network optimization, and fintech development as key drivers for continued growth through 2025.
