MTN delivered strong growth, exceptional profitability and robust cash generation in H1 2026. We maintained balance sheet strength and advanced key strategic initiatives that continue to support long-term shareholder value creation.
Total customers up 6.7% to
317.7 million
Active data subscribers
increased by 9.1% to
179.3 million
Data traffic up 22.8% to
14.3 PB
Mobile Money (MoMo) monthly active users (MAU) up 12.1% to 70.8 million
Fintech transaction
volumes up 17.2% to
13.0 billion
Fintech transaction
value up 33.8%* to
US$330.5 billion
Group service revenue up
9.7% to R115.3 billion on a
reported basis; up 17.5%*
Data revenue up 21.0% to R57.6 billion on a reported basis; up 29.2%* in CC
Fintech revenue up 1.4% to R14.9 billion on a reported basis; up 13.3%* in CC
Voice revenue down 3.8% to R30.4 billion on a reported basis; up 2.4%* in CC
Wholesale revenue up 10.3% to R5.2 billion on a reported basis; up * to 15.5%* in CC
EBITDA (before
once-off items) up
20.0% on a reported
basis; up
24.4%* in CC
EBITDA margin up
4.4 pp on a
reported basis to
47.1%, up 3.1pp*
to
47.6%* in CC
Reported headline earnings per share (HEPS) decreased by 5.8% to 615 cents (H1 2025: 653 cents restated)
Adjusted HEPS increased by 21.3% to 793 cents (H1 2025: 654 cents restated)
Capex (ex-leases) of
R19.7 billion, with capex
intensity of
16.6%
Net debt-to-EBITDA of 0.3x
No interim dividend declared (H1 2025: nil)
| * | Constant currency (CC) information after accounting for the impact of the pro forma adjustments as defined and included throughout this results booklet. Refer to the relevant section for more detail on the basis upon which constant currency information is presented. |
