MTN Group has reported a 68% stoop in headline earnings per share to 98c, knocked decrease by an additional devaluation within the naira forex in Nigeria in addition to by the battle in Sudan.
The group, which is listed on the JSE, reported its annual monetary outcomes to 31 December 2024 on Monday by which it stated group service income fell by 15.4% on a reported foundation to R177.8-billion, although the determine was up by 13.8% in fixed forex phrases.
Different highlights of the annual outcomes embody:
- Knowledge income decreased by 12.3% on a reported foundation, however elevated by 21.9% in fixed forex;
- Fintech income elevated by 11% on a reported foundation however jumped by 28.5% in fixed forex;
- Earnings earlier than curiosity, tax, depreciation and amortisation (Ebitda, earlier than once-off gadgets) decreased by 33.5% on a reported foundation however rose by 10.2% to R70.1-billion in fixed forex;
- Ebitda margin decreased by 8.9 proportion factors on a reported foundation to 32%, and was 0.8ppt decrease to 38.2% in fixed forex;
- Whole subscribers elevated by 2.2% to 290.9 million, whereas energetic knowledge subscribers rose by 7.7% to 157.8 million
- Cellular Cash month-to-month energetic customers elevated by 0.9% to 63.1 million
“We’re happy to report a powerful underlying efficiency and strategic execution for FY2024, regardless of challenges within the working atmosphere,” stated MTN Group CEO Ralph Mupita in an announcement with the outcomes on Monday.
“We’re inspired by the relative stability of some vital key macroeconomic indicators within the second half, comparable to inflation and foreign exchange charges in sure of our key markets.”
The group’s stability sheet can be secure, with a “snug” leverage ratio — net-debt-to-Ebitda ratio was 0.7x at year-end, from 0.4x a yr earlier. Holding firm leverage is at 1.4x. “That is in step with the December 2023 ratio and inside our goal threshold, representing a delightful enchancment within the second half.”
The group board declared a closing dividend of R3.45/share and stated it expects to extend this to at the least R3.70 within the 2025 monetary yr.
Learn: MTN continues to be king of pace – however Vodacom’s 5G is quicker
MTN stated it’ll keep its medium-term steering and can spend between R30-billion and R35-billion on its networks within the 2025 monetary yr “based mostly on present forex assumptions”. – © 2025 NewsCentral Media
Get breaking information from TechCentral on WhatsApp. Enroll right here.
Don’t miss:
MTN to work with police to struggle E Cape base station crime
