MTN Group Ltd (MTN) — Free Cash Flow Generation Index
MTN Group Ltd (MTN) has a Free Cash Flow Generation Index of 0.70x as of December 2025. Free cash flow of ZAC30.36 Billion represents 1% of operating cash flow (ZAC43.23 Billion). See MTN Group Ltd current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
MTN Group Ltd Free Cash Flow Generation Index (2001–2025)
Historical FCF Generation Index trend for MTN Group Ltd across 24 annual periods. Explore MTN operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for MTN Group Ltd (2001–2025)
Year-by-year Free Cash Flow Generation Index for MTN Group Ltd. For the full company profile including market capitalisation, see MTN stock market capitalisation.
| Year | FCG Index | Free Cash Flow (ZAC) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.58x | ZAC45.07 Billion | ZAC77.94 Billion | ZAC32.87 Billion | ▲ +78.8% |
| 2024 | 0.32x | ZAC15.14 Billion | ZAC46.82 Billion | ZAC31.68 Billion | ▲ +20.0% |
| 2023 | 0.27x | ZAC17.26 Billion | ZAC64.06 Billion | ZAC46.80 Billion | ▼ -17.7% |
| 2022 | 0.33x | ZAC22.31 Billion | ZAC68.12 Billion | ZAC45.81 Billion | ▼ -31.3% |
| 2021 | 0.48x | ZAC32.06 Billion | ZAC67.29 Billion | ZAC35.23 Billion | ▼ -1.6% |
| 2020 | 0.48x | ZAC28.33 Billion | ZAC58.51 Billion | ZAC30.18 Billion | ▲ +90.0% |
| 2019 | 0.25x | ZAC9.25 Billion | ZAC36.29 Billion | ZAC27.04 Billion | ▲ +96.9% |
| 2018 | 0.13x | ZAC4.19 Billion | ZAC32.39 Billion | ZAC28.20 Billion | ▲ +203.4% |
| 2017 | -0.13x | ZAC-2.97 Billion | ZAC23.69 Billion | ZAC26.66 Billion | ▲ +82.1% |
| 2016 | -0.70x | ZAC-14.53 Billion | ZAC20.72 Billion | ZAC35.25 Billion | ▲ +51.3% |
| 2015 | -1.44x | ZAC-18.90 Billion | ZAC13.12 Billion | ZAC32.02 Billion | ▼ -1011.5% |
| 2014 | 0.16x | ZAC4.29 Billion | ZAC27.13 Billion | ZAC22.84 Billion | ▲ +73.8% |
| 2013 | 0.09x | ZAC2.46 Billion | ZAC27.02 Billion | ZAC24.57 Billion | ▲ +406.4% |
| 2012 | -0.03x | ZAC-744.00 Million | ZAC25.08 Billion | ZAC25.82 Billion | ▼ -106.7% |
| 2011 | 0.44x | ZAC12.28 Billion | ZAC27.87 Billion | ZAC15.59 Billion | ▼ -15.7% |
| 2010 | 0.52x | ZAC18.15 Billion | ZAC34.73 Billion | ZAC16.58 Billion | ▲ +188.2% |
| 2009 | 0.18x | ZAC6.58 Billion | ZAC36.28 Billion | ZAC29.70 Billion | ▲ +5.9% |
| 2008 | 0.17x | ZAC5.86 Billion | ZAC34.24 Billion | ZAC28.37 Billion | ▼ -53.5% |
| 2007 | 0.37x | ZAC9.52 Billion | ZAC25.85 Billion | ZAC16.33 Billion | ▼ -17.1% |
| 2006 | 0.44x | ZAC7.83 Billion | ZAC17.62 Billion | ZAC9.80 Billion | ▲ +49.4% |
| 2005 | 0.30x | ZAC2.72 Billion | ZAC9.16 Billion | ZAC6.44 Billion | ▼ -28.0% |
| 2003 | 0.41x | ZAC3.55 Billion | ZAC8.60 Billion | ZAC5.05 Billion | ▲ +58.2% |
| 2002 | 0.26x | ZAC1.39 Billion | ZAC5.33 Billion | ZAC3.94 Billion | ▲ +338.6% |
| 2001 | -0.11x | ZAC-340.00 Million | ZAC3.11 Billion | ZAC3.45 Billion | — |