Dividend
No interim dividend was declared for H1 2025 (H1 2024: 0). The Board of Directors anticipates paying a minimum ordinary final dividend of 370 cents per share for FY 2025.
H1 2025 webcast
MTN will be hosting a webcast and presentation on, Monday 18 August 2025, where it will be unpacking the Group's performance for the half year period ended 30 June 2025. To participate, please register here: themediaframe.com/mediaframe/webcast.html?webcastid=H9kg48x7
Company outlook, priorities and medium-term guidance
The improvement in macroeconomic conditions in our operating environment provides a solid foundation to drive our medium-term growth ambitions, as we continue to execute on our strategy.
Within our operations, our priorities are to accelerate the performance of MTN SA and sustain the strong momentum in MTN Nigeria and MTN Ghana. For fintech, we will continue the work to scale the ecosystem, including driving the recovery of MoMo PSB in Nigeria.
Our balance sheet health and financial flexibility remain critical to our operational and strategic execution. We remain guided by our capital allocation framework to safeguard the resilience of our financial profile, further supported by our focus on expense efficiencies. We remain on track to achieve our target of R7-8 billion in cost savings between 2024-2026.
We will continue to invest in order to capture the exciting growth opportunities we see in our markets and anticipate deploying capex (ex-leases) of R33- 38 billion (from R30-35 billion) in FY 2025. This reflects the impact of stronger forex rates (especially the cedi) against the rand.
Based on current assumptions, we have revised our medium-term framework – see relevant section below of this H1 2025 results announcement – in light of the strong momentum we see in our business. In terms of the key change we have raised our overall guidance for Group service revenue growth to 'at least high- teens', from 'at least mid-teens'."
