MTN Ghana shareholders on Monday, March 24, 2026, approved a total dividend payout of GH¢6.4 billion for the 2025 financial year, representing 81 percent of the company’s profit after tax and the largest dividend in the company’s history.
The approval came at the company’s Annual General Meeting held at the University of Professional Studies in Accra, where the board confirmed a final dividend of GH¢0.40 per share, bringing the combined total, including the earlier interim payment of GH¢0.08 per share, to GH¢0.48 per share for the year. The final tranche will be paid on April 10, 2026, with a second installment of GH¢0.08 per share scheduled for September 2026.
The payout represents a 57 percent increase over the previous year’s dividend and was made possible by a profit after tax of GH¢7.8 billion, itself a 55.9 percent jump on the GH¢5 billion recorded in 2024 and the strongest annual result in the company’s 30-year history.
Chief Finance Officer Antoinette Kwofie told shareholders the company’s standard dividend policy targets a payout of between 60 and 80 percent of profits annually. She explained that the 81 percent distribution for 2025 was made possible by strong operational performance and management’s confidence in sustaining core business operations going forward.
Service revenue rose 36.2 percent year-on-year to GH¢24.4 billion, driven by a 48.8 percent surge in data revenue, a 35.7 percent rise in Mobile Money income and a 109.9 percent spike in digital revenue. Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) climbed 43.5 percent to GH¢14.7 billion, with the EBITDA margin widening three percentage points to 60.1 percent.
Data revenue reached GH¢13.4 billion while digital revenue more than doubled to GH¢479 million. The company invested approximately GH¢4.6 billion in capital expenditure to strengthen network infrastructure and expand coverage.
Subscriber growth was broad-based. Total mobile subscribers increased 9.2 percent to 31.2 million, active data users grew 13.7 percent to 19.9 million, and active Mobile Money users rose 12.3 percent to 19.3 million.
Board Chairman Ishmael Yamson used the AGM to assure investors that MTN Ghana would emerge stronger despite ongoing Middle East tensions, acknowledging that global economic disruptions, including oil price volatility, have an impact on Ghana’s business environment.
