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All about MTN
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Welcome to our 2025 Integrated Report
Our reporting suite
Our approach to integrated thinking and value creation
Our approach to materiality
About this report
An overview of MTN Group
Where we operate and how we perform
Views from our Chairman
Q&A with the Group President and CEO
Q&A with the Group CFO
Key financial tables
Our market context
Operational performance summary
Our outlook
Investment case – Transforming Africa's growth potential

How we create and preserve value
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Creating and preserving value through our business model
Outcomes and trade-offs
Material matters impacting value creation
Social, Ethics and Sustainability Committee Chair's review
Stakeholders with whom we partner to create value
Audit Committee Chair’s review
Risk Management and Compliance Committee Chair’s review
How we manage risk
Top risks to value creation
Delivering value through our strategy
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Finance and Investment Committee Chair’s review
Our Ambition 2030 strategy
Meaningful value delivered by Ambition 2025
Our strategic performance dashboard
Connectivity
Fintech
Digital infrastructure
Create shared value

Governance and remuneration
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Directors' Affairs and Governance Committee Chair’s review
Governance in support of value creation
Our Board of Directors
Governance in support of value creation
Our Executive Committee
Human Capital and Remuneration Committee Chair's review
Remuneration Report summary
Definitions for assured non-financial data
Independent assurance practitioner’s limited assurance report
Glossary
Administration
Delivering value through our strategy

Meaningful value delivered by Ambition 2025

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We are proud of our achievements under Ambition 2025, which has strengthened MTN's leading position in Africa. Ambition 2025 achieved meaningful progress in advancing our strategic priorities of growth and efficiencies, while significantly de-risking our balance sheet and improving returns. Over Ambition 2025's five-year horizon, we created, unlocked and shared value for our diverse stakeholder base. The Board has resolved to build on the strategic priorities and focus areas of Ambition 2025 and evolve the strategy to Ambition 2030 as the vehicle to drive continued growth and value creation.

Broad-based improvements and delivery over the past five years

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