Scancom PLC, operators of MTN Ghana, has reported strong financial and operational performance for the 2025 financial year, with shareholders approving a higher dividend payout at the company’s 8th Annual General Meeting.
The meeting, held at the University of Professional Studies, Auditorium in Accra on Tuesday, March 24, brought together shareholders, board members, and management to review the company’s performance and future direction.
Board Chairman of MTN Ghana, Ishmael Yamson, said the company’s performance came despite a challenging global economic environment.
He explained that 2025 was marked by uncertainty, driven by geopolitical tensions and trade disputes, although investments in artificial intelligence helped sustain global growth.
“The global economy in 2025 faced intense volatility, shaped by escalating geopolitical tensions and US-led trade disputes,” he said, adding that despite these pressures, global growth reached 3.3% for the year.
Mr Yamson also pointed to easing inflation globally and a weakening US dollar as factors that provided some relief to emerging markets.
Against this backdrop, MTN Ghana delivered strong results, recording a 36.1% increase in total revenue compared to 2024. The growth was driven by expansion across data, mobile money, digital, and voice services.
The company also reported a 43.5% rise in earnings before interest, tax, depreciation and amortisation (EBITDA), with profit after tax increasing by 55.9%.
On the back of this performance, the Board recommended a final dividend of 40 pesewas per share, bringing the total dividend for 2025 to 48 pesewas per share. This represents about 81% of profit after tax and a 57.4% increase compared to the previous year.
Chief Finance Officer, Antoinette Kwofie, said the payout reflects both strong performance and confidence in the company’s outlook.
She said that MTN Ghana remains committed to distributing between 60% and 80% of its profits as dividends, explaining that the slightly higher payout for 2025 was supported by solid operational results.
Mrs Kwofie also addressed rising costs, attributing them to strategic hiring in key growth areas such as fintech and home broadband, as well as employee share schemes linked to the company’s share price growth.
She assured shareholders that the company continues to strengthen its risk management systems, particularly in mobile money operations, through enhanced fraud prevention measures and public education.
On tax matters, she said ongoing audits by the Ghana Revenue Authority are at various stages, with management engaging authorities to resolve outstanding issues.
Chief Executive Officer of MTN Ghana, Stephen Blewett, described 2025 as a strong year for the business, supported by both internal strategy and improved economic conditions.
“I am pleased to report that 2025 was a year of robust operational and financial performance for MTN Ghana,” he said.
He added that disciplined execution of the company’s strategy, coupled with easing inflation and a stronger local currency, helped boost consumer spending and investor confidence.
According to him, Ghana’s macroeconomic environment improved significantly during the year, with inflation dropping sharply and the cedi strengthening against the US dollar.
“This created a stable and predictable economic climate… leading to higher spending and fuelling economic growth,” he said.
MTN Ghana also recorded strong growth in its mobile money business, with revenue rising by 35.7% to GH¢6.0 billion. The number of active users increased by 12.3% to 19.3 million.
The growth was partly driven by the removal of the e-levy, which reduced transaction costs and encouraged wider use of digital financial services.
Looking ahead, the company expects Ghana’s economy to remain stable in 2026, supported by controlled inflation and improved policy measures.
However, Mr Blewett cautioned that global risks, including geopolitical tensions and trade uncertainties, could still affect the outlook.
Despite these risks, he said MTN Ghana is well-positioned to grow, with continued investments in digital services, network expansion, and customer experience.
He added that the company is upgrading its myMTN and MoMo platforms to deliver more user-focused services, while also strengthening security systems to protect customers.
Beyond business, MTN Ghana says it will continue to invest in social initiatives through its foundation, focusing on education, healthcare, and digital inclusion.
“The MTN Ghana Foundation will continue to champion transformative projects that address critical societal needs, with a particular focus on expanding access to quality education and strengthening healthcare delivery across our communities.”
“We are intensifying our efforts to bridge educational gaps by supporting infrastructure development, providing essential learning materials, and promoting digital literacy initiatives for students and teachers.
“In healthcare, our programs will prioritize the renovation of medical facilities, provision of life-saving equipment, and health outreach campaigns that benefit underserved populations,” the CEO said.
The company expressed appreciation to its customers, regulators, and shareholders, noting that their support remains key to its continued growth.
“To our customers, your loyalty and trust inspire us every day to raise the bar and deliver exceptional service. To the government and regulators, thank you for fostering an environment in which we can thrive. And to our shareholders, your belief in Scancom PLC empowers us to pursue our ambitions with confidence.”
