MTN Group Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

MTN Group (JSE:MTN) Full Year 2024 Results

Key Financial Results

• Revenue: R188.6b (down 15% from FY 2023).
• Net loss: R9.59b (down by 334% from R4.09b profit in FY 2023).
• R5.31 loss per share (down from R2.27 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

MTN Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates significantly.

The primary driver behind last 12 months revenue was the South Africa segment contributing a total revenue of R52.6b (28% of total revenue). The most substantial expense, totaling R63.1b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how MTN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Global Wireless Telecom industry.

Performance of the market in South Africa.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on MTN Group's balance sheet health.

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