Summary Group income statement

for the year ended 31 December 2024


  Note  2024
Rm
 
2023
Rm 
Revenue  7  188 001  221 056 
Other income    585  324 
Direct network and technology operating costs    (35 957) (38 539)
Costs of handsets and other accessories    (11 209) (12 583)
Interconnect and roaming costs    (9 512) (12 196)
Staff costs    (14 067) (15 099)
Selling, distribution and marketing expenses    (24 138) (27 134)
Government and regulatory costs    (7 444) (8 789)
Impairment and write-down of trade receivables and contract assets    (2 528) (1 330)
Loss on disposal of subsidiaries    (653) – 
Other operating expenses    (11 912)   (16 030)
Depreciation of property, plant and equipment    (20 389) (24 690)
Depreciation of right-of-use assets    (9 297) (9 440)
Amortisation of intangible assets    (6 368) (8 138)
Impairment of goodwill    (437) – 
Impairment loss on remeasurement of non-current assets held for sale  8  (146) (900)
Impairment loss on MTN Sudan's non-current assets  17  (11 722) (277)
Finance income  8  2 417  3 055 
Finance costs  8  (18 350) (18 954)
Net foreign exchange losses    (18 879) (23 170)
Net monetary gain    2 853  744 
Share of results of associates and joint ventures after tax  9  4 735  3 581 
(Loss)/profit before tax    (4 417) 11 768 
Income tax expense    (6 790) (7 751)
(Loss)/profit after tax    (11 207) 4 017 
Attributable to:       
Equity holders of the Company    (9 592) 4 092 
Non-controlling interests    (1 615) (75)
    (11 207) 4 017 
Basic earnings per share (cents) 10  (531) 227 
Diluted earnings per share (cents) 10  (531) 223