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). Read MTN Group Ltd (MTN) financial obligations for a breakdown of total debt and financial obligations.
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 capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
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 company net worth.
| 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 | — |