MTN Group reported a 68.9% drop in annual earnings due to Nigerian currency devaluation and operational issues in Sudan, with headline earnings per share falling to 98 cents from 315 cents in 2023. The company declared a final dividend of 345 cents per share, up from 330 cents.

On March 17, 2025, MTN Group reported a substantial decline of 68.9% in its full-year earnings, heavily influenced by the depreciation of the Nigerian currency and operational difficulties in Sudan. The telecommunications giant, based in South Africa, indicated that its headline earnings per share dropped to 98 cents for the fiscal year concluded on December 31, a significant fall from 315 cents in 2023. Despite the profit slump, MTN announced a final dividend of 345 cents per share, slightly increasing from the previous 330 cents.

In summary, MTN Group experienced a major decline in annual profit largely due to currency issues in Nigeria and challenges in Sudan. The significant drop in earnings per share highlights the financial pressures facing the company, even as it continues to reward shareholders with a modest increase in dividends. The situation underscores the volatility in the African telecommunications market, impacted by local economic conditions.

Original Source: www.cnbcafrica.com