Mtn Group Ltd Ord (MTNOF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day everybody and thank you for joining us to discuss the MTN Group Trading Update for the three months ended March 2026. My name is Roy Mutoani. I'm Head of Group Investor Relations for MTN. On the call with me is Ralph Mufita, our Group President and CEO, and Sulu Molefe, our Group CFO. Our Trading Update was published this morning on the JSC. and is posted on our website on the investor relations page. We also released the performer financial information for FY2025 related to the IHS transaction that remains in progress. You would also have seen the Q1 releases from our listed opcores over the past few weeks and I trust that you are able to join their respective investor calls. The running agenda for the call will be as usual. Ralph will start with an overview of the operational performance. He will be followed by Tulu with a review of our financial performance. Ralph will then come back to wrap up with key focus areas and the outlook. We will then move into Q&A. I encourage you to use the webcast platform to send through your questions, which I will then read out at the end. Finally, a reminder that the call is scheduled for about an hour. With that, I'd like to hand over to Ralph Mufisa. Thank you, Roy, and a very good afternoon or morning to you all, depending on your location. Let's get straight to the results delivered in the period. In Q1 2026, the Group delivered a strong start to our Ambition 2030 strategy against an uncertain global geopolitical environment, but fairly benign economic backlog in key markets. The Group reported both service revenue growth, EBITDA margin expansion, and its strength and balance sheets underpinned by execution of our commercial and strategic priorities and disciplined capital allocation. We deployed capex of 9.6 billion ...