MTN Group has announced a R6 billion ($375 million) share repurchase programme as the telecommunications giant reported strong earnings growth for the first half of 2026 and reaffirmed its medium-term financial targets.
The buyback was disclosed in the group’s interim financial results for the six months ended June 30, 2026.
What the data is saying
MTN Group reported significant growth in operating earnings during the first half of the year.
- Share repurchase programme: R6 billion ($375 million)
- H1 2026 EBITDA: R56 billion
- EBITDA growth: 24.4% in constant-currency terms
- Reporting period: Six months ended June 30, 2026
The 24.4% increase in EBITDA reflects stronger operating performance across the group, despite the challenging macroeconomic environment across some of its markets.
What they are saying
MTN said the share buyback forms part of its broader capital allocation strategy as the group continues to strengthen its financial position and deliver value to shareholders.
The telecommunications company also reaffirmed its medium-term financial targets, signalling continued confidence in its growth outlook.
The strong first-half performance and planned R6 billion repurchase programme come as MTN continues to focus on improving operational efficiency, expanding its telecommunications and digital infrastructure and strengthening shareholder returns.
