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All about MTN
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Welcome to our 2025 Integrated Report
Our reporting suite
Our approach to integrated thinking and value creation
Our approach to materiality
About this report
An overview of MTN Group
Where we operate and how we perform
Views from our Chairman
Q&A with the Group President and CEO
Q&A with the Group CFO
Key financial tables
Our market context
Operational performance summary
Our outlook
Investment case – Transforming Africa's growth potential

How we create and preserve value
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Creating and preserving value through our business model
Outcomes and trade-offs
Material matters impacting value creation
Social, Ethics and Sustainability Committee Chair's review
Stakeholders with whom we partner to create value
Audit Committee Chair’s review
Risk Management and Compliance Committee Chair’s review
How we manage risk
Top risks to value creation
Delivering value through our strategy
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Finance and Investment Committee Chair’s review
Our Ambition 2030 strategy
Meaningful value delivered by Ambition 2025
Our strategic performance dashboard
Connectivity
Fintech
Digital infrastructure
Create shared value

Governance and remuneration
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Directors' Affairs and Governance Committee Chair’s review
Governance in support of value creation
Our Board of Directors
Governance in support of value creation
Our Executive Committee
Human Capital and Remuneration Committee Chair's review
Remuneration Report summary
Definitions for assured non-financial data
Independent assurance practitioner’s limited assurance report
Glossary
Administration
All about MTN

An overview of MTN Group

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Our purpose is leading digital solutions for Africa's progress

Products and services
Products and services
Creating value for all

We create value for our stakeholders by living our purpose and progressing our strategic intent

Achieved

48%

reduction in Scope 1 and 2
emissions (tCO2e).

Connected

307.2m

(2024: 290.9m)
subscribers

Enabled internet
access to

172.6m

(2024: 157.8m)
active data users

Provided broadband
coverage to

94%

(2024: 92.9%)
of the population

Facilitated financial
inclusion to

69.5m

(2024: 63.1m)
active MoMo users

Empowered

14 970

MTNers

Added economic value of

~R150bn

across our markets

Improved female
representation to

45%

(2024: 43%)

Increased representation
of women in leadership to

33%

(2024: 32%)

Achieved a
reputation score of

80.1

- our highest yet (2024: 78.5)

^Towers is subject to the completion of the IHS transaction.

We unpack more on this in our Strategy section.