- MTN’s EBITDA rises 22.9% as Nigeria and Ghana drive growth.
- South African earnings decline despite stronger third-quarter performance.
ACCRA, GHANA – MTN Group’s operating earnings surged as strong growth in Nigeria and Ghana offset a prolonged revenue slowdown and weaker profitability in South Africa.
Africa’s largest mobile operator by subscribers reported a 22.9% increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to R86bn in the nine months to September 30, 2026, measured in constant currency. Service revenue climbed 17.2% to R176.2bn, while its EBITDA margin widened 2.8 percentage points to 47.9%.
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