Cellular research Africa

MTN Group (MTN) FY24 – Results Snapshot

Diluted HEPS of 97.0cps (FY23: 310.0cps).
Revenue decreased by 15.0% y-y to R188 001m, largely driven by a decline in revenue from Nigeria and the MENA segments.
EBITDA margin down by 330bps to 37.3%.
Net total expenses decreased by 8.1% with net total expense to revenue of 102.3% (FY23: 94.7%).
Dividend of 345.0cps (FY23: 330.0cps).
Cashflow from operations decreased by 26.9% y-y to R46 817m.
Gross debt decreased from R84.1bn to R79.4bn, while net cash decreased from R36.6bn to R29.1bn. Net debt to EBITDA increased from 0.53 to 0.72.
Financial results impacted by foreign exchange devaluation, particularly the naira, as well as the conflict in Sudan.