MTN increased its subscribers increased by 28,8 million to 279,6-million during the financial year ended 31 December 2020.
The group has 280-million customers in 21 markets.
During the year, group service revenue grew by 19,9%. EBITDA (before once-off items) grew by 21,9% while EBITDA margin improved by 2,9 percentage points to 45,3% .
Headline earnings per share (HEPS) was at 749 cents per share (cps), up 60,0% with non-operational impacts decreasing HEPS by 128cps.
The group’s net debt-to-EBITDA ratio decreased to 0,8-times.
The holding company’s net debt was down to R43,3-billion, from R55,3-billion), and leverage flat at 2,2-times.