The MTN group reported strong growth, profitability and cash generation for the six months ended 30 June 2026, led by service revenue, which was up 17,5%.
Fintech revenue also grew: it was up 13,3%, or 19,3% excluding regulatory items, with a transaction value that was up 33,8% to $330,5-billion and up 31,8% for| advanced services.
The group also grew its total customer base by 6,7% to 317,7-million.
Active data subscribers increased by 9,1% to 179,3-million, with data traffic up 22,8% to 14.3 PB. Data revenue increased by 21% to R57,6-billion on a reported basis; up 29,2% in constant currency (CC).
The number of Mobile Money (MoMo) monthly active users (MAU) was up 12,1% to 70,8-million.
Fintech transaction volumes were up 17,2% to 13-billion and fintech transaction value rose 33,8% in CC to $330,5-billion.
Voice revenue decreased by 3,8% to R30,4-billion on a reported basis, but was up 2,4% in CC.
Wholesale revenue increased by 10,3% to R5,2-billion on a reported basis; up 15,5% in CC.
EBITDA (before once-off items) increased by 20% on a reported basis; up by 24,4 in CC; and EBITDA margin increased by 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), while adjusted HEPS increased by 21,3% to 793 cents (H1 2025: 654 cents restated).
Capex (excluding leases) amounted to R19,7-billion, with capex intensity of 16,6%.
The group reported a net debt-to-EBITDA of 0,3x, and no interim dividend was declared.