Ambition 2025 | Framing our strategic position
Summary performance indicators: strong focus on cost efficiencies
reflected in margins, and disciplined FCF management
d Service revenue (GHSM)
Expenses (GHSM)
MTN
EBITDA & Core capex
(GHSM)
+32.4%
6,178
+36.5%
2,712
57.4%
56.1%
EBITDA margin
21.2%
4,667
2,556
Data +41.0%
1,987
1,280
Cost of sales
+40.4%
1,813
1,573
300
1,792
Voice +13.9%
912
24.7%
Core capex intensity^
+29.4%
3,467
2,680
1,527
Core capex +54.2%
991
1,432
Opex
+33.2%
1,338
MoMo +48.8%
1,075
1,940
FCF
+14.8%
1,689
899
H1 2022
Digital -22.0%
428
Other +42.9%
H1 2023
H1 2022
H1 2023
H1 2022
^Core capex: excludes capex attributable to right-of-use (ROU) assets. Core capex excluding spectrum license cost was GHS1.1 billion with a capex intensity of 17.1%. The intensity of 24.7% does not reflect the FY 2023 status.
Capex intensity = Capex/ Total revenue | FCF = EBITDA - capex
H1 2023
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