MTN Ghana and Mobile Money report record GH¢7.75bn profit in nine months
MTN Ghana and Mobile Money Fintech Limited (MMFL) recorded a combined profit after tax of GH¢7.75 billion for the nine months to September 2026, a 43% increase from the previous year.
In Brief
- •MTN Ghana and Mobile Money Fintech Limited (MMFL) recorded a combined profit after tax of GH¢7.75 billion for the nine months to September 2026, a 43% increase from the previous year.
- •Service revenue rose by 33.5% to GH¢23.15 billion, with data services being the biggest revenue driver, generating GH¢13.45 billion, up 44.5% year-on-year.
- •EBITDA increased by 40.6% to GH¢14.28 billion, with the EBITDA margin rising by 3.1 percentage points to 61.5%.
- •Active data subscribers increased by 16.1% to 22 million, and active Mobile Money users rose by 6.9% to 18.9 million.
- •The boards of Scancom PLC and MMFL declared an interim third-quarter dividend of GH¢0.03 per share.
Why It Matters
The significant profit increase reflects strong growth in data services, mobile money, and digital platforms, driven by expanding customer adoption and improved operational efficiency. This performance underscores MTN Ghana's and Mobile Money's market leadership and financial resilience. The projected full-year revenue growth and EBITDA margins further highlight the companies' strategic positioning in the Ghanaian telecom and fintech sectors.
Key Details
- Profit After Tax
- GH¢7.75 billion
- Year-on-Year Profit Increase
- 43%
- Service Revenue
- GH¢23.15 billion
- Service Revenue Increase
- 33.5%
- EBITDA
- GH¢14.28 billion
- EBITDA Increase
- 40.6%
- EBITDA Margin
- 61.5%
- Active Data Subscribers
- 22 million
- Active Mobile Money Users
- 18.9 million
- Interim Dividend
- GH¢0.03 per share
Original Reporting & Sources
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