MTN Nigeria reports robust ₦1.1 Trillion Profit in 2025
MTN Nigeria has announced a significant financial turnaround, reporting a profit after tax (PAT) of N1.1 trillion for the fiscal year ending December 31, 2025. This impressive figure marks a substantial recovery from the N400.4 billion loss recorded in 2024, representing a 377.9% increase in earnings.
The telecommunications giant’s robust performance was primarily driven by a 50% tariff adjustment and the appreciation of the naira against the dollar, which averaged N1,436/$1 in 2025 compared to N1,535/$1 in the previous year.
Additionally, tight monetary policies helped reduce headline inflation to 15.2%. The company’s retained earnings and shareholders’ equity have been fully restored following this strong margin.
MTN Nigeria‘s service revenue surged by 55.1% to N5.17 trillion, with data revenue increasing by 74.5% to N2.8 trillion and voice revenue growing by 42.1% to N1.9 trillion. The subscriber base expanded by 7.9% to 87.3 million, and active data users rose by 11.6% to 53.2 million. The company also saw its home broadband customer base grow to 4.2 million, with 1 million new additions in 2025.
Karl Toriola, MTN Nigeria’s CEO, attributed these results to “excellent commercial execution, commitment to operational efficiency and disciplined capital allocation, underpinned by a supportive macroeconomic environment.”
The company also resumed dividend payments, signalling renewed financial health. Looking ahead to 2026, MTN Nigeria remains optimistic, anticipating consistent growth in data consumption and further penetration of its Fintech arm, MoMo PSB, which saw its revenue increase by 79.7% to N191.3 billion.
The full impact of the tariff adjustment is expected to materialise by Q2 2026, with an anticipated service revenue growth of at least 20%.
