MTN Group Delivers Strong Q1 2025 Results: Fintech and Data Leading Growth

MTN Group has announced impressive results for the first quarter of 2025, with its fintech and data services fueling robust growth across key African markets, notably Nigeria and Ghana. The Group recorded a 19.8% year-on-year increase in service revenue (in constant currency), underscoring strong operational performance despite macroeconomic headwinds.

Fintech continues to be a major growth engine for the Group. Fintech revenue surged by 17.2%, driven by a 13.9% increase in transaction volumes, which reached 5.5 billion, and a remarkable 48.9% rise in transaction value to $95.3 billion. This reinforces MTN’s growing role as a key player in Africa’s evolving digital financial ecosystem.

Data services also posted a solid 17.9% revenue increase, reflecting the continent’s accelerating demand for digital connectivity. MTN’s total subscriber base grew by 4.7% to 296.8 million, with active data users up by 9.1% to 161.7 million.

Operational efficiency improved significantly, with the Group’s EBITDA margin expanding to 44.1%—a 5.3 percentage point increase—reflecting cost discipline and scale advantages across its markets.

MTN Group President and CEO Ralph Mupita attributed the strong performance to consistently executing the Group’s strategic priorities, resilient digital demand, and improving macroeconomic conditions in core markets. He also emphasized progress in key areas such as fintech platform development, network infrastructure sharing, regulatory approvals, and MTN’s strategic collaborations with low Earth orbit (LEO) satellite providers.

As MTN continues to scale its digital and financial services across Africa, its strategic focus on platform separation and fintech innovation positions it to unlock new revenue streams and empower millions of users in 2025 and beyond.

For more insights into Africa’s evolving fintech landscape, stay tuned to Fintech Magazine Africa.