JSE-listed MTN Group expects to report a strong performance for the year ended December 31, 2025, with triple-digit surges in earnings per share (EPS) and headline earnings per share (HEPS).

EPS is set to increase by more than 300%, or between 1 593c and 1 699c apiece, to a range of 1 062c to 1 168c apiece, from a negative 531c reported in 2024.

HEPS is expected to increase by more than 1 000%, or between 1 166c and 1 186c, to a range of between 1 264c and 1 284c, from the 98c posted last year.

In a trading statement issued on Sens on Monday, MTN Group said the performance was driven by pleasing operational progress and a supportive macroeconomic environment in key markets.

“The improved momentum across several of our markets underpinned strong growth in service revenue and profitability,” the company said.

In the group’s larger operations, MTN Nigeria and MTN Ghana delivered robust results for their 2025 financial years, highlighting improved profitability on better revenue growth.

“MTN South Africa continued to navigate increased competitive pressures in its prepaid business. The positive operational and financial momentum in a number of our other markets was also supportive of the group's overall 2025 financial year performance.”

MTN Group pointed out that the difference between 2025’s EPS and HEPS was largely attributable to impairment losses that relate to investments, goodwill, property, plant and equipment totalling about 157c, compared with 578c recorded in 2024.

Included in 2025’s HEPS are nonoperational items totalling a net amount of about -85c, compared with -718c in 2024.

MTN, however, pointed out that the comparative figures in the 2024 financial year had not been restated to the guidance provided in MTN Ghana’s 2025 results.

However, MTN expects Ghana’s restatements will improve the EPS loss in 2024 by about 12c to -519c, from the previously reported - 531c, while HEPS for 2024 will improve by 12c to 110c, from the previously reported 98c.

“This impact is provided for illustrative purposes only and because of its nature, may not fairly present the group's financial position, changes in equity or results of operations for the 2024 financial year,” MTN Group commented.

The group's financial results, which will include the restated 2024 figures, are expected to be published on March 16.