MTN profits rise 21.3% in H1 2026

South African company MTN Group recorded a 21.3% increase in its adjusted profits during the first half of 2026, supported by a surge in subscriber numbers that accelerated in the second quarter and strong performance in key markets. The adjusted earnings per share reached 793 cents, compared to 654 cents in the same period last year. Group service revenues rose by 17.5% to 115.3 billion rand ($7.21 billion), particularly driven by Nigeria and Ghana, despite a 5.8% decline in earnings per share due to non-cash impairment of the company's stake in Irancell and foreign exchange losses. Core profits increased by 24.4%, and EBITDA margin expanded by 3.1 percentage points to 47.1%.

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