Below are the financial statements of MTN Group, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of ZAR | 2024 | 2023 |
|---|---|---|
| Revenue | 188b | 221.06b |
| Other income | 0.59b | 0.32b |
| Direct network and technology operating costs | -35.96b | -38.54b |
| Costs of handsets and other accessories | -11.21b | -12.58b |
| Interconnect and roaming costs | -9.51b | -12.2b |
| Staff costs | -14.07b | -15.1b |
| Selling, distribution and marketing expenses | -24.14b | -27.13b |
| Government and regulatory costs | -7.44b | -8.79b |
| Impairment and write-down of trade receivables and contract assets | -2.53b | -1.33b |
| Loss on disposal of subsidiaries | -0.65b | 0b |
| Other operating expenses | -11.91b | -15.75b |
| Depreciation of property, plant and equipment | -20.39b | -24.69b |
| Depreciation of right-of-use assets | -9.3b | -9.44b |
| Amortisation of intangible assets | -6.37b | -8.14b |
| Impairment loss of goodwill | -0.44b | 0b |
| Impairment loss on remeasurement of non-current assets held for sale | -0.15b | -0.9b |
| Impairment loss on MTN Sudan’s non-current assets | -11.72b | -0.28b |
| Finance income | 2.42b | 3.06b |
| Finance costs | -18.35b | -18.95b |
| Net foreign exchange losses | -18.88b | -23.17b |
| Net monetary gain | 2.85b | 0.74b |
| Share of results of associates and joint ventures after tax | 4.74b | 3.58b |
| (Loss)/profit before tax | -4.42b | 11.77b |
| Income tax expense | -6.79b | -7.75b |
| (Loss)/profit after tax | -11.21b | 4.02b |
| Attributable to: | — | — |
| Equity holders of the company | -9.59b | 4.09b |
| Non-controlling interests | -1.62b | -0.08b |
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