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A message from our Group President and CEO

Welcome to the MTN Group's Suite of Annual Reports for 2025

2025 was a year of strong , broad-based execution for MTN, delivered against a complex and often challenging operating backdrop. We saw excellent commercial momentum across several of our key markets, most notably in Nigeria and Ghana, and broader positive performance across our other markets. This was underpinned by sustained growth in data and fintech, disciplined execution, a focus on driving leading digital customer experience and continued investment in network quality.

Surpassing 300 million subscribers, nearing 70 million fintech monthly active users, and strengthening the balance sheet materially are not just milestones but are indicators of a business that is executing well against a long-term growth thesis and investment case.

Ralph Mupita
Group President and CEO

Our reporting suite

Our Integrated Report presents a holistic view of MTN’s strategic progress and performance, covering our operational achievements, financial results and the shared value we create. It enables investors and other stakeholders to assess the overall health, resilience and prospects of our business. This report is complemented by a suite of supplementary publications that provide deeper insight into MTN’s strategic priorities and the actions we are taking to realise them.