Shareholders of MobileMoney Fintech LTD (MMFL) have approved a dividend of GHS0.03 per share for the first quarter of 2026, following the company’s strong financial performance and successful transition into an independent entity.
Speaking after the company’s Extraordinary General Meeting (EGM) held on June 12, Chief Executive Officer of MobileMoney Fintech LTD, Shaibu Haruna, said that the company recorded revenue of approximately GHS1.7 billion during the first quarter of 2026, representing a 28.4 per cent year-on-year growth.
He said that the strong performance translated into profits that supported the declaration of the interim dividend.
“The 3 pesewas per share declared is a reflection of the company’s strong performance in the first quarter,” he said.
He explained that while dividends had previously been paid on a half-year basis, the company had now transitioned to quarterly payouts, allowing shareholders to receive returns more frequently.
According to him, shareholders of both MTN Ghana and MobileMoney Fintech LTD would receive a combined dividend of GHS0.06 per share for the first quarter, following similar dividend declarations by the two companies.
On expectations for the remainder of the year, Mr. Haruna said that the company would continue to strengthen innovation across its mobile money ecosystem while working closely with partners to improve customer experiences.
He added that MMFL would also intensify efforts to combat digital fraud through collaboration with industry stakeholders, noting that the company had recently released a white paper highlighting the growing threat and proposing measures to address it.
Chairperson of MobileMoney Fintech LTD, Madam Victoria Bright, said that the EGM marked an important milestone in the company’s journey following its structural separation from MTN Ghana on March 31, 2026.
She explained that the separation required MMFL to hold its own shareholder meetings and obtain approvals necessary for the continued operation of the business as an independent entity.
Mrs. Bright also noted that shareholders approved the transition of directors from Mobile Money Limited to MobileMoney Fintech LTD, subject to regulatory approval from the Bank of Ghana.
The approved appointments included Mr. Modupe Kadri, Mr. Serigne Dioum, Mr. Adekunle Benjamin Awobodu and Madam Antoinette Kwofie as Non-Executive Directors, Ms. Susan Yawson as Executive Director, and Mrs. Bashirat Odunewu as an Independent Non-Executive Director.
She noted that shareholders also ratified the appointment of Ernst & Young (EY) as the company’s external auditor and authorised directors to determine the auditor’s remuneration for the 2026 financial year.
The Chairperson said that the meeting was convened to secure critical approvals required to support MMFL’s operations following the completion of the structural separation.
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Shareholders endorsed all resolutions presented at the meeting, including the appointment of directors, the approval of the first-quarter dividend, authorisation for directors to declare and pay dividends for the second and third quarters of 2026, and the ratification of the external auditor.
The EGM was the first shareholder meeting held by MobileMoney Fintech LTD since the completion of its structural separation, marking a new phase in the company’s corporate governance and operations.
