October 31, 2025
MTN Nigeria Communications Plc has declared N1.12 trillion as pre-tax profit for the nine months ended 30 September 2025, haven recovered from a N713.6 billion loss about the same period in 2024.
The telecom giant posted a pre-tax profit of N504.2 billion for Q3 2025 alone, significantly higher than the N37.7 billion reported in Q3 2024.
MTN Nigeria, also declared interim dividends for the first time since the 2022 financial year.
The company’s key highlights include;
Revenue: N3.73 trillion (up 57.41% YoY from N2.37 trillion)
Gross Profit: N3.23 trillion (up 62.4% YoY from N1.99 trillion)
Operating Profit: N1.44 trillion (up 203.34% YoY from N475.3 billion)
Pre-tax Profit: N1.12 trillion (vs. N713.6 billion loss YoY)
Earnings per Share (EPS): N35.77 (vs. (N24.51) loss per share in 2024)
Total External Debt (Short & Medium Term): N813.77 billion (down from N972.9 billion as of Dec 2024)
Total Assets: N4.99 trillion (up from N4.20 trillion)
Cash Balance: N495.9 billion (up from N253.4 billion)
READ MORE; MTN Nigeria Hits 52-Week High.
The telecom giant’s N3.73 trillion revenue in the period was aided by strong growth across nearly all service lines:
Data services led the pack with N1.97 trillion in revenue, a 73% YoY increase, accounting for over 53% of total revenue.
Voice revenue also posted healthy YoY growth of 48%, rising to N1.19 trillion from N803.95 billion.
Value-added services such as airtime lending and mobile money generated N131.1 billion, up from N75.1 billion (↑74.5%).
Digital services rose to N71.3 billion, reflecting growing demand for lifestyle, music, and video content.
SMS revenue came in at N147.5 billion, up from N107.2 billion.
Interconnect and roaming revenue rose modestly to N167.6 billion, while handset and accessories’ sales contributed N14 billion.
These gains were propelled by increasing smartphone penetration, accelerated data consumption, and fintech adoption.
On the flip side, direct network operating expenses increased by 15.3% year-on-year, primarily due to higher BTS lease, regulatory, and network maintenance costs.
Finance costs rose to N404.2 billion but were partly offset by a N55.6 billion net foreign exchange gain, in stark contrast to a N904.9 billion forex loss in the prior year.
READ MORE; MTN Nigeria Leads Top 8 Best-Performing Stocks Year-To-Tate At NGX.
The company showed improved cash flow strength, with net cash from operating activities up 113% year-on -year to N1.56 trillion. It also reported strong cash flow generation, with net cash from operating activities more than doubling to N1.56 trillion.
This gains allowed the company to invest over N800 billion in capital expenditure, grow cash reserves, and reduce borrowings by over N300 billion, strengthening its financial position and returning net assets to positive territory.
Despite higher capital expenditure, cash balances more than doubled, and debt levels reduced, enhancing the company’s financial flexibility.
MTN Nigeria’s share price at the stock market, closed at N520.10 on the day the Q3 2025 results were released, rising from N423.00 at the beginning of October, a 22.9% gain month-to-date.
READ MORE; MTN Nigeria Post Pre-Tax Profit Of N419.613 Billion in Q2 2025
MTN stock has surged by 197%, making it one of the best-performing stocks on the Nigerian Exchange in 2025, on a year-to-date basis.
This reflected investors confidence in the company’s turnaround story and profitability outlook.
MTN will pay dividend on 28 November 2025 to shareholders on the register as of 20 November 2025, with the register closing from 21 November 2025
MTN declared an interim dividend of N5.00 per 2 kobo ordinary share, its first dividend payout since returning to profitability, to register it vote of confidence.
