More supportive macroeconomic conditions across our markets boosted our performance in FY 2025
and
laid the foundation for continued growth. The macroeconomic conditions in our key markets are
currently positive for our ambitions, with improved stability and moderation in inflation,
interest
and foreign exchange rates. In this context, we believe that our Ambition 2030 strategy provides
the
right framework to sustain our medium-term growth and value-creation journey.
We note the rapidly evolving developments in global geopolitics. Notably, the conflicts in the
Middle East, Ukraine and elsewhere create additional uncertainty for global and local
macro-conditions, including potential impacts on indicators such as energy supply and prices,
foreign exchange rate volatility and the trajectory of inflation in our markets. If sustained,
the
escalating geopolitical risks may adversely impact our operating environment and prospects,
including our market guidance.
Overall macroeconomic pressures and the competition for consumer wallet share spending continue
to
exacerbate the persistent competitive intensity in the South African telecoms sector. However,
MTN SA remains committed to executing its initiatives to accelerate commercial and financial
momentum,
as well as driving additional efficiencies over the short to medium term. These include refined
regional offers, richer personalisation of bundle pricing and channel optimisation. The growth
in
home connectivity is expected to remain strong, with a clear focus on expanding FWA and FTTH
uptake
and enhancing commercial monetisation.
MTN Nigeria will build on its strong 2025 recovery by continuing to drive growth in data
consumption, underpinned by its network leadership, superior customer experience and disciplined
capital allocation.
The priority for MTN Ghana remains scaling its connectivity business by further enhancing data
connectivity, expanding home solutions and advancing enterprise offerings. Within fintech, MTN Ghana
will support growth by expanding its fintech product offerings and strengthening the overall
ecosystem through partnerships that deepen collaboration with financial institutions, agents and
merchants.
In our remaining markets, the focus will be to sustain the turnarounds and momentum we are
seeing.
In the fintech platform, we will continue to navigate intensifying competitive and pricing
pressures
across several markets, with a focus on accelerating ecosystem expansion and penetration, and
improving commercial monetisation. We are building our internal capacity and deepening
collaboration
with our partners where appropriate, in order to scale our advanced services and enhance the
quality
and sustainability of our fintech business.
