MTN Group's earnings have been declining at an average annual rate of -21.9%, while the Wireless Telecom industry saw earnings declining at 12.3% annually. Revenues have been growing at an average rate of 3.3% per year. MTN Group's return on equity is 16.1%, and it has net margins of 8.9%.
Key information
-21.90%
Earnings growth rate
-22.08%
EPS growth rate
Wireless Telecom Industry Growth
13.03%
Revenue growth rate
3.29%
Return on equity
16.14%
Net Margin
8.94%
Last Earnings Update
31 Dec 2025
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:LL6A Revenue, expenses and earnings (ZAR Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Dec 25
226,755
20,262
30,826
0
30 Sep 25
216,751
14,014
29,856
0
30 Jun 25
206,747
7,543
28,886
0
31 Mar 25
197,667
-1,024
27,875
0
31 Dec 24
188,586
-9,369
26,863
0
30 Sep 24
193,910
-8,404
26,765
0
30 Jun 24
199,234
-7,439
26,666
0
31 Mar 24
210,307
-1,673
27,623
0
31 Dec 23
221,380
4,092
28,579
0
30 Sep 23
222,097
9,617
28,595
0
30 Jun 23
222,813
15,141
28,610
0
31 Mar 23
214,928
17,089
27,597
0
31 Dec 22
207,042
19,037
26,584
0
30 Sep 22
199,489
19,076
25,632
0
30 Jun 22
191,936
19,114
24,679
0
31 Mar 22
186,791
16,432
24,173
0
31 Dec 21
181,646
13,750
23,666
0
30 Sep 21
182,107
10,664
23,876
0
30 Jun 21
182,568
7,578
24,086
0
31 Mar 21
181,014
12,300
23,787
0
31 Dec 20
179,460
17,022
23,487
0
30 Sep 20
171,256
16,835
22,128
0
30 Jun 20
163,052
16,647
20,768
0
31 Mar 20
157,256
12,874
20,078
0
31 Dec 19
151,460
9,100
19,388
0
30 Sep 19
147,874
9,004
18,971
0
30 Jun 19
144,288
8,908
18,553
0
31 Mar 19
139,424
8,814
18,081
0
31 Dec 18
134,560
8,719
17,608
0
30 Sep 18
132,696
6,028
17,752
0
30 Jun 18
130,831
3,337
17,896
0
31 Mar 18
131,850
3,877
17,963
0
31 Dec 17
132,869
4,416
18,030
0
30 Sep 17
133,245
6,376
18,476
0
30 Jun 17
133,620
8,335
18,921
0
31 Mar 17
140,770
2,861
19,551
0
31 Dec 16
147,920
-2,614
20,180
0
30 Sep 16
144,797
101
19,889
0
30 Jun 16
141,674
2,815
19,597
0
31 Mar 16
136,769
11,510
19,005
0
31 Dec 15
131,863
20,204
18,412
0
30 Sep 15
137,669
25,397
18,423
0
30 Jun 15
143,475
30,589
18,434
0
Quality Earnings: LL6A has high quality earnings.
Growing Profit Margin: LL6A became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: LL6A's earnings have declined by 21.9% per year over the past 5 years.
Accelerating Growth: LL6A has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: LL6A has become profitable in the last year, making it difficult to compare its past year earnings growth to the Wireless Telecom industry (86.5%).
Return on Equity
High ROE: LL6A's Return on Equity (16.1%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
7D
1Y
7D
1Y
7D
1Y
Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/06/17 04:03
End of Day Share Price
2026/06/17 00:00
Earnings
2025/12/31
Annual Earnings
2025/12/31
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.
* 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 world class team 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. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.