Shareholders of MTN Ghana could begin receiving quarterly dividend payments from this year if new proposals by the company’s board receive the necessary approvals.
According to the company’s 2025 financial statements, the move reflects the board’s commitment to returning value to shareholders.
MTN said the proposal aligns with its revised dividend policy, which allows Scancom PLC to recommend and declare interim dividends after each quarterly result.
Under the proposal, shareholders will receive 6 pesewas per share for the first quarter, subject to regulatory approval.
The company explained that future dividend payments will depend on cash availability, retained earnings and compliance with debt covenants.
It added that the payout ratio will range between 60% and 80% of annual profits.
As part of the first-quarter proposal, the board of Scancom PLC has recommended an interim dividend of GHS0.03 per share.
Mobile Money Limited has also proposed a dividend of GHS0.03 per share for the quarter, pending shareholder approval.
The dividends from both companies are expected to be paid on June 18, 2026.
MTN Ghana recorded strong financial growth in the first quarter of 2026, with profit before tax rising by more than 48% to GHS3.5 billion.
Revenue for the period increased to GHS7.2 billion, while taxes paid to the state rose by more than 50% to GHS1 billion.
Revenue from data services climbed by more than 52% to GHS4.2 billion, supported by a 16% increase in active data users to 20.6 million.
The company said data usage rose by 40.9% year-on-year to 18.8 gigabytes per active user each month, driven by growing demand for video streaming, social media and digital applications.
“As a result, data traffic increased by 63.4% YoY,” MTN said.
Data services contributed 59% of total service revenue, up from 52.6% during the same period in 2025.
Mobile Money revenue reached GHS1.7 billion, supported by growth in both basic and advanced services and a 4% increase in active users to 18 million.
Revenue from basic Mobile Money services rose by 21.9% to GHS1.1 billion.
Chief Executive Officer of MTN Ghana, Stephen Blewett, said the company’s performance reflects disciplined execution of its strategic priorities.
He said the results were driven by sustained growth across data, Mobile Money, voice and digital services, supported by investments in network expansion and innovation.
“These efforts enabled us to sustain a strong commercial trajectory while reinforcing MTN Ghana’s role as a critical enabler of digital and financial inclusion,” he said.
Mr Blewett added that service revenue grew by 35.7% year-on-year, helping to drive a 42.9% increase in EBITDA.
The EBITDA margin also improved by 3.1 percentage points to 61.2%.
“This performance highlights our ability to deliver sustained value,” he said.
“We remain confident in our ability to deliver on our ambition, supported by a resilient operating model, a strong market position and a clear focus on long-term, sustainable value creation for shareholders and other stakeholders.”
