Financial PerformanceMTN reported -$116m in 4Q adjusted EBITDA, 8% below Consensus, and at the low-end of guidance due to poor weather in Australia.
Growth ChallengesMTN's initial FY25 guidance was softer than expected, with further risk to the downside if weather is worse-than-normal, reinforcing negative views on MTN's underlying organic growth challenges.
Weather ImpactWarmer temperatures remain a key risk despite diversification efforts to drive growth outside of North America.