Skip to main content

Downloads

X

All about MTN
Add section
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
Add section
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
Add section
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
Add section
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
Delivering value through our strategy

Our Ambition 2030 strategy

icon-parttern icon-parttern

As MTN transitions from Ambition 2025 to Ambition 2030, we build on a period of strong operational and financial progress that delivered growth, improved efficiency and a significantly de-risked balance sheet. Following a comprehensive strategic review in FY 2025, against a backdrop of shifting macroeconomic, regulatory, competitive and technological dynamics, the Board concluded that while the strategy is the right one, the framing of it was too complex. Ambition 2030 retains the core value-creation priorities of Ambition 2025 while sharpening execution through a simplified three-platform model – Connectivity, Fintech and Digital Infrastructure – underpinned by disciplined capital allocation, leading customer experience and AI-enabled growth, positioning MTN to convert structural opportunities into sustainable shareholder returns.

Our purpose: Leading digital solutions for Africa’s progress
Platforms of choice for consumers, homes and businesses
icon-parttern
icon image
Connectivity
Connectivity is the foundational platform that underpins MTN’s Ambition 2025 strategy and its role as Africa’s leading digital operator. Beyond providing voice and data services, MTN’s connectivity platform enables secure, reliable and scalable access to digital services for individuals, businesses and governments across its markets.
Scale data
Accelerate home
Empower enterprises
icon-parttern
icon image
Fintech
Our Fintech business has scaled exponentially across Africa. We have evolved from basic airtime and P2P services into a diversified financial platform spanning payments, lending, insurance and remittance. This transformation was anchored in the Ambition 2025 vision and enabled by the BOLD strategy. To remain relevant and sustainable, we are pivoting to become a digital-first platform focused on ecosystem growth and driving financial performance through advanced services
Grow ecosystems
Accelerate advanced services
icon-parttern
icon image
Digital Infrastructure
Our digital infrastructure platform strategy has been streamlined to incorporate fibre and data centres. This approach positions the Group to better enable the exponential growth in digital workloads, driven by rising demand for fixed connectivity and data centres in Africa and beyond; especially in light of the adoption of AI. It will also enable MTN to take a leading role in accelerating digital infrastructure development across the continent, attracting investment, facilitating key partnerships, and unlocking value in key asset classes.
Advance fibre networks
Expand AI-enabled data centres
Unlock towers value^
^ Subject to completion of the IHS transaction
Leading customer experience
Leverage Artificial Intelligence for growth
Create shared value

Relevant material matters

MM
1
MM
2
MM
3
MM
4
MM
5
MM
6
MM
7
MM
8
MM
9
MM
10

Relevant capitals

iconiconiconiconiconicon