Nigeria, Ghana drive MTN’s cash flow rebound as funds return to Johannesburg – Ghanamma.com

MTN Cameroon reported data revenue of CFA120.3 billion (3.45 billion rand) in H1 2026, up 25.5%, accounting for 50.8% of service revenue. Fintech revenue grew 4.3%, declining to 17.5% of service revenue. Capital expenditure rose 26.9% to CFA64.4 billion, with Ebitda reaching CFA104.4 billion, up 12.5%.

MTN Group reported a 17.5% revenue increase to ZAR 115 billion and 25% EBITDA growth to ZAR 56 billion for H1 2026. The company launched a ZAR 6 billion share buyback and plans to acquire the remaining shares in IHS Holdings. Growth was driven by operations in Ghana, Nigeria, and other African markets, while MTN South Africa saw a 1.5% revenue increase. The company's fintech business also expanded, with a 33% increase in transaction value to US$330 billion.

MTN reported a 21.3% increase in adjusted headline earnings per share to 793 cents for the first half of 2026. Service revenue grew 9.7% to R115.3 billion, with data revenue up 21%. Fintech transactions reached US$330.5 billion. Growth was strong in Nigeria and Ghana, but South Africa saw only 1.5% growth. MTN announced a R6 billion share buyback and a conditional IHS deal in Nigeria.

MTN Group received conditional approval from Nigeria's FCCPC for its $2.2bn acquisition of IHS Holding. The deal requires MTN to sell up to 30% of IHS's Nigerian business. MTN expects completion by mid-2026, anticipating revenue and EBITDA growth, and a net debt-to-EBITDA ratio increase to 0.8x.

MTN Group reported H1 2026 revenue growth of 17.5% to R115 billion and EBITDA growth of 24.5% to R56 billion. The company launched a share buyback program for up to 31 million shares and plans to acquire IHS Holdings, subject to regulatory approvals. MTN's fintech ecosystem saw strong growth, with transactions increasing by 33% to US$330 billion.

MTN Group reported mixed H1 2026 results, with fintech revenue growth below guidance due to regulatory and operational challenges in key markets. Nigeria's service revenue growth was impacted by regulatory directives and higher diesel costs, while South Africa's prepaid voice segment continued to drag. The company expects EBITDA margins to be at the lower end of guidance due to higher energy prices. Impairments and tax contingencies also affected earnings. MTN reaffirmed its medium-term guidance