JSE-listed MTN Group has achieved a 59.8% year-to-date increase in earnings before interest, taxes, depreciation and amortisation (Ebitda), before one-off items, to R73.01-billion, during the nine month to September 30, supported by MTN Nigeria and MTN Ghana.

On a constant currency basis, this represents an increase of 41.1% year-to-date.

“MTN Group delivered a strong performance in the nine-month period to September 2025, reflecting improved macroeconomic conditions and disciplined execution of our strategic and commercial priorities,” said MTN Group president and CEO Ralph Mupita in a quarterly update on Monday.

The pleasing overall result was underscored by a return to positive retained income and net equity positions by MTN Nigeria, which also resumed dividend payments with an interim declaration for the period.

In South Africa, Ebitda contracted 4.6% to R13.62-billion, while MTN Nigeria and MTN Ghana achieved year-to-date increases of 107.9% and 99.3% to R22.69-billion and R17.65-billion, respectively.

Group service revenue for the nine months to September 30 increased by 25.9%, or 22.6% on a constant currency basis, to R160.38-billion.

MTN Nigeria’s service revenue surged to R43.94-billion, equating to a year-to-date increase of 46.9%, while MTN Ghana delivered a 91.2% increase in service revenue to R30.25-billion. South Africa reported a 2% growth in service revenue to R32.66-billion during the period under review.

Group data revenue increased by 40.3%, or 35.4% in constant currency, boosted by an expansion in active data subscribers by 9.1% to 165.8-million and strong demand. Data traffic increased by 26.6% to 17 876 PB.

Voice revenue increased by 10%, or 10.8% in constant currency, during the period under review.

Fintech revenue increased by 35.7%, or 23.1% in constant currency, amid rising competition and pricing pressures in some markets, with advanced services revenue increasing by 39.5%. Fintech transaction value increased by 38% to $342.3-billion.

Mobile Money monthly active users increased by 5.3% to 64.3-million.

MTN Group also marked a milestone, with total subscribers increasing by 5.8% to 301.3-million during the period under review.

“We are encouraged and energised by the year-to-date performance, supported by improved macro conditions, and delivered broadly across our markets.

“In our operations, our focus at MTN South Africa is to recover the performance of the prepaid segment, while we continue the work to sustain the strong momentum in MTN Nigeria and MTN Ghana, as well as the turnarounds we are seeing in other markets within our footprint,” Mupita concluded.