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). Explore reinvestment intensity of MTN Group Ltd to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see MTN operating cash flow.
Annual Free Cash Flow Generation for MTN Group Ltd (2001–2025)
Year-by-year Free Cash Flow Generation Index for MTN Group Ltd. Check MTN capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |