MTN Nigeria Posts N1.1trn Net Profit, Declares N314.94bn Final Dividend

MTN Nigeria Communications (MTNN) Plc has reported a profit after tax of N1.1 trillion, driven by strong growth in data usage, fintech services, and voice revenue.

The company proposed a final dividend of N314.94 billion for the year ended December 31, 2025.

The telecom company’s audited results for the year under review showed that the N314.94 billion amounted to N15.00 per share, bringing the total dividend for the year ended December 2025 to N20.00 per share. Having paid an interim dividend of N5.00 per share during the year.

The Company’s profit before tax stood at N1.70 trillion, a sharp recovery from a pre-tax loss of N550.33 billion recorded a year earlier, while profit after tax rose to N1.11 trillion compared with a loss of N400.44 billion in 2024.

Revenue grew by 54.9 per cent to N5.20 trillion in 2025 from N3.36 trillion reported in the previous year, while operating profit rose significantly to N2.08 trillion from N778.24 billion in 2024.

The company’s performance was supported by a net foreign exchange gain of N90.27 billion, compared with a foreign exchange loss of N925.36 billion in 2024.

Finance income increased to N51.16 billion from N28.44 billion, while finance costs rose to N524.91 billion from N431.65 billion.

Total comprehensive income for the year came in at N1.11 trillion, compared with a total comprehensive loss of N400.62 billion in the prior year.

On the balance sheet, total assets grew by 28.8 per cent to N5.40 trillion from N4.20 trillion in 2024. The Group closed the year with total equity of N548.71 billion, reversing a negative equity position of N458.01 billion recorded in 2024.

Basic and diluted earnings per share stood at N53.07, compared with a loss per share of N19.05 in the previous year.

Speaking on the results, the CEO of MTNN, Karl Toriola stated that that the firm balance sheet resilience was driven by the robust performance of the business as well as a focused reduction in foreign currency exposure and financial discipline

“2025 marked a significant turning point in our business pa erformance and resumption of dividend payments. In the period, we returned to profitability, generated stronger free cash flow and restored positive retained earnings and shareholders’ funds.

“Our balance sheet resilience was driven by the robust performance of the business as well as a focused reduction in foreign currency exposure and financial discipline.”

He noted that, “we expanded our mobile subscriber base to 87.3 million up 6.4 million and the number of active data users to 53.2 million up 5.5 million. The structural demand for data in Nigeria was demonstrated by the 34.0 per cent increase in data traffic on our network that underpinned our strong service revenue growth in the period.”

Looking ahead, Toriola added that favourable macroeconomic environment, disciplined execution and continued network leadership position MTN Nigeria for sustained growth.

“We are encouraged by the trajectory of our business as we seek to consolidate the significant gains achieved in 2025. The favourable macroeconomic environment, our disciplined execution and continued network leadership position us well for sustained growth across our connectivity and platform businesses,” the MTN Nigeria CEO stated.