MTN projects earnings to quadruple on Nigerian, Ghanaian growth
MTN Group Ltd. expects full-year earnings per share of 10.62-11.68 rand, up from 2024 losses. Nigerian and Ghanaian operations drove recovery, with MTN Nigeria swinging to N1.1 trillion profit after tax (vs N400.4B loss) and MTN Ghana reporting 36.2% YoY service revenue growth to GHS 24.4B. Q4 2025 pre-tax profit rose 248.8% to N569.6B. Naira stability boosted Nigeria's contribution. Board proposes N15 final dividend (total N20/share). MTN shares up 80% in 12 months to 381B rand valuation.