For the first half of 2026, MTN reported a 17.5% year-on-year increase in service revenue on a constant currency basis to 115.3 billion South African rand (7.2 billion US dollars).
The pan-African telco said its "active home customer base" rose 58.2%. "Growth was underpinned by continued FWA scale and an accelerated shift towards fibre: FTTH expanded materially faster than FWA and increased its contribution to the active home base," the telco said. "MTN Nigeria led the Group's fibre momentum with rollout and customer connections materially ahead of plan." MTN is deploying FTTH selectively "in attractive urban clusters and leveraging 4G/5G FWA for scalable expansion."
MTN also said its fintech revenue (including airtime advance) increased by 13.3% year-on-year. "We expect revenue growth to progressively improve in H2 2026, as lending is reinstated in Nigeria through the four newly onboarded providers and volumes ramp up over the period." it added. "Growth is expected to remain below the medium-term guidance range of high-20% to low-30% in the near term, but to re-accelerate through advanced services monetisation advance rebuild." Source: MTN collateral
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