Total subscribers increased by
0.8% to 288m
Active data subscribers increased by
9.2% to 150.2m
Data traffic increased by
35.7% to 9 054PB
Group service revenue decreased by
20.8% (up 12.1%*, in constant
currency) to R85.3bn
(H1 2023: R107.7bn)
Voice revenue decreased by
33.7% (down 0.4%*, in
constant currency)
Data revenue decreased by
17.2% (up 21.0%*, in
constant currency)
Fintech revenue increased by
7.3% (up 27.2%*,
in constant currency)
Reported headline earnings per
share (HEPS) decreased by
198.5% to -256cps
(restated H1 2023: 260cps)
Basic earnings per share (EPS)
decreased by
278.6% to -409cps
(restated H1 2023: 229cps)
Return of equity (ROE) declined by
4.2pp to 20.2%
No interim dividend declared
(H1 2023: 0)
Active Mobile Money (MoMo) monthly
active users (MAU) increased by
9.1% to 66.0m
Fintech transaction volumes increased by
18.0% to 9.7bn
EBITDA (before once-off items)
decreased by
41.2% (down 0.4%*, in constant
currency) to R29.0bn
(H1 2023: R49.4bn)
EBITDA margin lower by 11.6
percentage points (pp) to
32.0% (4.4pp* lower to 36.5%*,
in constant currency)
Capex of
R19.2bn including
IFRS 16 leases
(R13.4bn ex-leases, with
capex intensity of 14.8%)
Holdco leverage
increased to 1.6x
(December 2023: 1.4x)
Holdco net debt
up to R40.3bn
(December 2023: R31.9bn)
| * | Constant currency information after accounting for the impact of the pro forma adjustments as defined and included throughout these interim results. Constant currency view is shown at 2024 rates and excludes the impact of hyperinflation. |
| Commencing 1 January 2024, MoMo PSB Nigeria discloses MAU which includes only active MoMo wallet users and now excludes over-the-counter (OTC) customers. For comparative purposes, a total monthly active MoMo user figure has been disclosed showing MAU including and excluding OTC customers. |
