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Results Overview
for the six month period 30 June 2023
What are we doing today?
Group President and CEO
Ralph Mupita
Looking to
the future

Results overview

Group President and CEO Ralph Mupita comments:

Solid performance in a challenging operating environment

“In the first half of 2023, MTN continued to demonstrate the resilience of its business model through the execution of our Ambition 2025 strategy. Operating conditions remained challenging due to ongoing pressures in the macroeconomic, geopolitical and regulatory environments across our markets.

In South Africa, although there was some respite in Q2 2023 as loadshedding abated compared to Q1, power outages remained a constraint on our business. We experienced 181 days of loadshedding in H1 2023 compared to 68 days in H1 2022. We focused on executing our network resilience programme and are pleased with the improvements in network availability and NPS during the period. We are tracking slightly ahead of plan in our resilience roll out, which has been reflected in the encouraging uplift in traffic trends and service revenue in Q2, versus Q1.

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Highlights

Subscribers increased by 3.6% year-on-year (YoY) to 291.7 million
Active data subscribers increased by 7.4% YoY to 139.5 million
Mobile Money (MoMo) monthly active users (MAU) flat at 60.5 million
MoMo volume of transactions up 61.6% YoY to US$135.2 billion
Group service revenue grew by 16.5% (15.1%*)
Group data revenue up by 23.5% (23.6%*)
Group fintech revenue up by 21.4% (21.7%*)
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