Highlights

MTN delivered a robust FY 2025 performance, with strong momentum in our operational and financial results:

Total customers up 5.6% to
307.2 million

Active data customers up 9.4% to
172.6 million

Data traffic up 27.0% to
24.7 PB

Mobile Money (MoMo) monthly active customers up 10.0% to 69.5 million

Fintech transaction volumes up 14.9% to
23.3 billion

Fintech transaction value up 37.6%* to
$500.3 billion

Service revenue up 22.9% to R218.5 billion on a reported basis; up 22.7%* in CC

Data revenue up 37.7% on a reported basis; up 36.4%* in CC

Fintech revenue up 30.0% on a reported basis; up 23.2%* in CC

EBITDA (before once-off items) up 64.0% on a reported basis; up 36.8%* in CC

EBITDA margin up 11.5 pp on a reported basis to 43.5%; up 5.4pp* to 44.5%* in CC

Reported headline EPS (HEPS) to
1 274 cents

Adjusted HEPS up 67.0% to
1 359 cents

Capex (ex-leases) of R38.5 billion, with capex intensity of 17.0%

Net debt-to-EBITDA down
to 0.3x (Dec 2024: 0.7x)

Holdco leverage at
1.3x (Dec 2024: 1.4x)

Ordinary dividend per share of 500 cents (FY 2024: 345 cents)

* Constant currency (CC) information after accounting for the impact of the pro forma adjustments as defined and included throughout this results booklet. Refer to the Pro forma Financial Information Basis of preparation.
PP percentage points