Business Segments MTN Group Limited

Equities

MTN

ZAE000042164

Wireless Telecommunications Services

End-of-day quote Johannesburg S.E. Other stock markets 10/02/2026			5-day change	1st Jan Change
191.76 ^ZAR	+1.88%		+2.51%	+13.13%

06/02	MTN Group Limited says Ninety One holds 5.0992% of MTN Group share capital	RE
05/02	IHS, MTN Group Negotiate Possible Purchase of Remaining Shares	MT

Sales 2024 by Business Segment

Sales 2024 by Geography

Historical Breakdown of Revenue by Business Segments

Net Income: Breakdown by Business Segment

Breakdown by Business Segment (ZAR)

Fiscal Period: December	2020	2021	2022	2023	2024
Cellular Services
Wireless Communications Services	18TCr	18TCr	21TCr	22TCr	19TCr
Total Assets	35TCr	37TCr	39TCr	43TCr	43TCr
Interest Expense	-1.54TCr	-1.31TCr	-1.47TCr	-1.9TCr	-1.84TCr
Income Tax Expense	943.9Cr	1.18TCr	1.72TCr	775.1Cr	679Cr
CAPEX	-3.02TCr	-3.52TCr	-4.52TCr	-3.22TCr	-2.46TCr
EBT	2.79TCr	2.68TCr	3.81TCr	818.7Cr	-915.2Cr
D&A	3.21TCr	3.11TCr	3.13TCr	3.74TCr	3.19TCr
Operating Income	4.46TCr	-	-	-	-
Net Income	1.7TCr	1.38TCr	1.93TCr	409.2Cr	-959.2Cr

Geographical Revenue Distribution History

Geographical breakdown of sales (ZAR)

Fiscal Period: December	2020	2021	2022	2023	2024
South Africa	4.55TCr	4.87TCr	5.06TCr	5.18TCr	5.26TCr
CAPEX	-754.2Cr	-1.04TCr	-1.53TCr	-1.57TCr	-
EBITDA	1.77TCr	1.9TCr	1.95TCr	1.86TCr	1.97TCr
Nigeria	5.8TCr	6TCr	7.73TCr	7.43TCr	4.1TCr
CAPEX	-1.27TCr	-1.49TCr	-1.91TCr	-1.68TCr	-
EBITDA	2.95TCr	3.19TCr	4.11TCr	3.69TCr	1.6TCr
Unallocated	-	1.91TCr	2.59TCr	2.68TCr	2.75TCr
CAPEX	-	-197.1Cr	-310Cr	-329.5Cr	-
EBITDA	-	-100.7Cr	257.1Cr	-90Cr	281.1Cr
Ghana	1.72TCr	1.92TCr	1.8TCr	2.08TCr	2.26TCr
CAPEX	-302.1Cr	-365.1Cr	-351.5Cr	-552.1Cr	-
EBITDA	909.7Cr	1.06TCr	1.02TCr	1.21TCr	1.29TCr
Uganda	832Cr	854.9Cr	1.01TCr	1.32TCr	1.55TCr
CAPEX	-132.8Cr	-174.3Cr	-426.1Cr	-347.8Cr	-
EBITDA	411.8Cr	438.7Cr	523.3Cr	676.9Cr	806.8Cr
Other West and Central Africa (WECA)	1.22TCr	1.27TCr	1.36TCr	1.61TCr	1.49TCr
CAPEX	-140.4Cr	-156.9Cr	-215.4Cr	-275.4Cr	-
EBITDA	342.9Cr	320.9Cr	319.7Cr	402.3Cr	361.7Cr
Cameroon	668.6Cr	724.4Cr	772.7Cr	990.5Cr	1.11TCr
CAPEX	-95Cr	-97Cr	-107.5Cr	-599.2Cr	-
EBITDA	214.9Cr	250.7Cr	275.2Cr	374.9Cr	439.5Cr
Côte D’Lvoire	877.6Cr	890.3Cr	891.8Cr	1.03TCr	940.2Cr
CAPEX	-106.4Cr	-129Cr	-184.4Cr	-682.8Cr	-
EBITDA	304.2Cr	309.6Cr	295Cr	339.2Cr	309.2Cr
Other South and East Africa (SEA)	-	597.7Cr	590Cr	627.4Cr	905.3Cr
CAPEX	-	-135.8Cr	-158.6Cr	-181.9Cr	-
EBITDA	-	290.4Cr	279.7Cr	270.5Cr	286Cr
Sudan	673.5Cr	222.6Cr	403.2Cr	348.4Cr	79Cr
CAPEX	-100.2Cr	-50Cr	-126.4Cr	-62Cr	-
EBITDA	142.8Cr	108.5Cr	212.8Cr	106.5Cr	-11Cr
Afghanistan	-	209.2Cr	218Cr	262.4Cr	50Cr
CAPEX	-	-38Cr	-38Cr	-41Cr	-
EBITDA	-	62Cr	59Cr	74Cr	16Cr
Other South and East Africa and Ghana (SEAGHA)	846.9Cr	-	-	-	-
CAPEX	-171.4Cr	-	-	-	-
EBITDA	358.7Cr	-	-	-	-
Head Offices, Globalconnect and Eliminations	90Cr	-	-	-	-
CAPEX	-128.6Cr	-	-	-	-
EBITDA	-70Cr	-	-	-	-
EBITDA	-	-	-	-	-
South Sudan	16Cr	-	-	-	-
CAPEX	-2.6Cr	-	-	-	-
Small Opco Cluster	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
Other Middle East and North Africa (MENA)	482.2Cr	223.2Cr	-	-	-
CAPEX	-40Cr	-13Cr	-	-	-
EBITDA	135Cr	38Cr	-	-	-
Syria	162.6Cr	-	-	-	-
CAPEX	-61Cr	-	-	-	-
EBITDA	57Cr	-	-	-	-
Corporate	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
Zambia	-	242.9Cr	331.6Cr	346.5Cr	-
CAPEX	-	-51Cr	-64Cr	-76Cr	-
EBITDA	-	56Cr	85Cr	107.5Cr	-
Eliminations	-	-1.77TCr	-2.06TCr	-1.79TCr	-1.69TCr
CAPEX	-	-	9.9Cr	35Cr	-
EBITDA	-	65Cr	-396.1Cr	-47Cr	-335.8Cr