Africa’s biggest mobile network operator, MTN Group Ltd., has forecast that its full-year earnings will more than quadruple, driven by a strong rebound in its Nigerian and Ghanaian operations.

Th telecoms giant announced this in a trading statement on Monday, projecting headline earnings per share of 10.62 to 11.68 rand for the 12 months ending December, a sharp turnaround from the losses recorded last year.

The group attributed the anticipated earnings improvement to stronger operational performance in its key markets, particularly in Nigeria and Ghana.

“In our larger operations, MTN Nigeria and MTN Ghana delivered robust results in their full-year earnings releases,” the company stated.

MTN Nigeria and MTN Ghana, which together contribute over 40% of the group’s revenue, remain strategically crucial to the company’s overall performance.

MTN Nigeria posted a profit after tax of N1.1 trillion in 2025, rebounding from a N400.4 billion loss in 2024, driven by a recovery in operating conditions and improved cost management.

The results mark a return to profitability following substantial foreign exchange losses the previous year and represent one of the strongest earnings recoveries in the company’s history.

In Q4 2025, pre-tax profit surged to N569.6 billion, up 248.8 per cent from N163.3 billion in Q4 2024, supported by sustained revenue growth, margin expansion, and favorable foreign exchange dynamics.

Also, MTN Ghana reported a 36.2 per cent year-on-year rise in service revenue, reaching GHS 24.4 billion.

Earnings before interest, tax, depreciation, and amortization increased by 43.5 per cent to GHS 14.7 billion, with the EBITDA margin widening by 3.0 percentage points to 60.1 per cent.

Profit after tax jumped 55.9% to GHS 7.8 billion, while earnings per share rose 55.9 per cent to GHS 0.5923.

The company also contributed GHS 10.5 billion in direct and indirect taxes and GHS 1.3 billion in fees and levies to government agencies, highlighting its role in national development.