MTN Group delivers stronger earnings growth as fintech expands and Nigeria’s recovery gathers pace
- MTN's EBITDA climbed 22.9% to R86.0 billion, while service revenue rose 17.2% to R176.2 billion.
- The EBITDA margin widened by 2.8 percentage points to 47.9%, attributed to better operating leverage and cost control.
- Service revenue growth in Nigeria reached 19.7% in Q3, up from 13.2% in the previous quarter.
MTN Group's impressive financial performance highlights its strategic focus on operational efficiency and market expansion, particularly in Nigeria and Ghana. However, the challenges faced in South Africa suggest a need for a more robust strategy to revitalize revenue in that market. The ongoing developments in fintech and the acquisition of IHS Holdings could further enhance MTN's competitive position.
