MTN Ghana’s parent company, Scancom PLC, reported record first-quarter results for 2026, with profit after tax soaring 46.8% to GH₵2.48 billion. The stellar performance was driven by a 35.7% surge in service revenue, reaching GH₵7.26 billion, fueled by a 52.3% explosion in data revenue to GH₵4.29 billion. Active data subscribers grew 16% to 20.6 million, each consuming nearly 19 GB monthly. Mobile money revenue rose 28.4% to GH₵1.71 billion, while digital revenue more than doubled. EBITDA expanded 42.9% to GH₵4.45 billion, with a margin of 61.2%.
In a landmark move, the board overhauled its dividend policy, shifting from traditional semi-annual payouts to quarterly interim dividends, maintaining a payout ratio of 60–80% of annual profits. Shareholders will now receive two separate dividend streams: a gross interim dividend of 3 pesewas per share from Scancom PLC, payable June 18, 2026, plus an additional 3 pesewas per share recommended by the newly separated Mobile Money Fintech LTD (still stapled to MTNGH shares), bringing the total first-quarter payout to 6 pesewas per share.
CEO Stephen Blewett credited disciplined execution and an improved macroeconomic environment, with inflation dropping to 3.2% in March. He also highlighted ESG initiatives, including a GHS15.4 million emergency centre and a blood donation campaign. MTN Ghana paid GHS2.8 billion in taxes and levies during the quarter. Total capital expenditure stood at GHS313.96 million. The ex-dividend date is June 3, 2026, with payment on June 18 via electronic transfer.
Looking ahead, the company maintained its medium-term guidance but cautioned that geopolitical tensions and potential fuel price shocks could force a reassessment. The results follow the structural separation of MTN’s mobile money business on March 31, 2026.
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