MTN Group Limited

DB:LL6 Stock Report

Market Cap: €19.7b

MTN Group Past Earnings Performance

Past criteria checks 4/6

MTN Group's earnings have been declining at an average annual rate of -8.4%, while the Wireless Telecom industry saw earnings declining at 5.8% annually. Revenues have been growing at an average rate of 3.6% per year. MTN Group's return on equity is 17.4%, and it has net margins of 7.5%.

Key information

-8.43%

Earnings growth rate

-8.77%

EPS growth rate

Wireless Telecom Industry Growth13.03%
Revenue growth rate3.63%
Return on equity17.42%
Net Margin7.52%
Last Earnings Update30 Jun 2026

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How MTN Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:LL6 Revenue, expenses and earnings (ZAR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 26236,38217,78532,2750
31 Mar 26231,56919,02431,5510
31 Dec 25226,75520,26230,8260
30 Sep 25216,73814,15629,8560
30 Jun 25206,7347,90828,8860
31 Mar 25197,660-73027,8750
31 Dec 24188,586-9,36926,8630
30 Sep 24193,910-8,40426,7650
30 Jun 24199,234-7,43926,6660
31 Mar 24210,307-1,67327,6230
31 Dec 23221,3804,09228,5790
30 Sep 23222,0979,61728,5950
30 Jun 23222,81315,14128,6100
31 Mar 23214,92817,08927,5970
31 Dec 22207,04219,03726,5840
30 Sep 22199,48919,07625,6320
30 Jun 22191,93619,11424,6790
31 Mar 22186,79116,43224,1730
31 Dec 21181,64613,75023,6660
30 Sep 21182,10710,66423,8760
30 Jun 21182,5687,57824,0860
31 Mar 21181,01412,30023,7870
31 Dec 20179,46017,02223,4870
30 Sep 20171,25616,83522,1280
30 Jun 20163,05216,64720,7680
31 Mar 20157,25612,87420,0780
31 Dec 19151,4609,10019,3880
30 Sep 19147,8749,00418,9710
30 Jun 19144,2888,90818,5530
31 Mar 19139,4248,81418,0810
31 Dec 18134,5608,71917,6080
30 Sep 18132,6966,02817,7520
30 Jun 18130,8313,33717,8960
31 Mar 18131,8503,87717,9630
31 Dec 17132,8694,41618,0300
30 Sep 17133,2456,37618,4760
30 Jun 17133,6208,33518,9210
31 Mar 17140,7702,86119,5510
31 Dec 16147,920-2,61420,1800
30 Sep 16144,79710119,8890
30 Jun 16141,6742,81519,5970
31 Mar 16136,76911,51019,0050
31 Dec 15131,86320,20418,4120
30 Sep 15137,66925,39718,4230

Quality Earnings: LL6 has high quality earnings.

Growing Profit Margin: LL6's current net profit margins (7.5%) are higher than last year (3.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: LL6's earnings have declined by 8.4% per year over the past 5 years.

Accelerating Growth: LL6's earnings growth over the past year (124.9%) exceeds its 5-year average (-8.4% per year).

Earnings vs Industry: LL6 earnings growth over the past year (124.9%) exceeded the Wireless Telecom industry 28.4%.

Return on Equity

High ROE: LL6's Return on Equity (17.4%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 13:17
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MTN Group Limited is covered by 18 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Niel VenterAbsa Bank Limited
Jonathan BradleyAbsa Bank Limited
Tibor BokorArqaam Capital Research Offshore S.A.L.