MTN Nigeria has announced an impressive set of financial results for the nine months ending 30 September 2025, reflecting significant growth across key performance indicators and reaffirming its position as a market leader in the telecoms sector.
The company recorded robust subscriber growth, with its total base rising by 11% to reach 85.4 million. Active data users followed suit, climbing 12.8% to 51.1 million, as more Nigerians embraced digital connectivity and mobile broadband services.
MTN’s service revenue surged 57.5% year-on-year to ₦3.7 trillion, while EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) soared by 123% to ₦1.9 trillion, reflecting enhanced operational efficiency and disciplined cost management. The EBITDA margin expanded by 15.1 percentage points to 51.4%, underlining stronger profitability.
A major turnaround was seen in bottom-line performance, with Profit After Tax (PAT) jumping 245.7% to ₦750.2 billion, a significant rebound from a loss of ₦514.9 billion recorded in the same period last year. This translated into earnings per share (EPS) of ₦35.77, compared to a negative ₦24.51 in 9M 2024.
MTN Nigeria also reported positive retained earnings of ₦142.7 billion and shareholders’ equity of ₦293.1 billion, marking a return to solid balance sheet fundamentals.
The company increased its capital expenditure (excluding leases) by 248% to ₦757.4 billion, reflecting accelerated network investments in the first half of the year to enhance service quality and coverage. Meanwhile, free cash flow rose by 38.5% to ₦742.6 billion, further strengthening liquidity.
In line with its strong financial performance, MTN Nigeria declared an interim dividend of ₦5.00 per share, signaling confidence in its growth outlook and continued value creation for shareholders.
