MTN Nigeria Communications Plc has delivered a landmark financial rebound, reporting a pre-tax profit of ₦1.7 trillion for the year ended December 2025, marking a dramatic turnaround from the ₦550.3 billion loss recorded in the previous financial year.
The audited results, submitted to the Nigerian Exchange, highlight one of the strongest recoveries in the company’s operating history. The return to profitability was driven by improved foreign exchange conditions, strong revenue momentum, and tighter cost controls following a challenging 2024 marked by heavy FX-related losses.
Performance strengthened notably in the final quarter of the year, with pre-tax profit surging to ₦569.6 billion, more than tripling the comparable figure from the same period a year earlier. Brandspur Banking News Desk reports that the late-year acceleration reflected sustained growth across core service lines, improved margins, and a sharp swing from FX losses to gains.
On the back of the robust results, the Board of Directors has proposed a final dividend of ₦15 per share, bringing total dividends for the 2025 financial year to ₦20 per share. Shareholders on the register as of 8 April 2026 who have completed e-dividend registration will receive payment electronically.
Revenue performance remained strong throughout the year. Total revenue climbed to ₦5.20 trillion, supported by broad-based growth across voice, data, and fintech services. Profit after tax stood at ₦1.11 trillion, reversing the loss position recorded in 2024, while earnings per share rose sharply to ₦53.07.
Operating efficiency also improved significantly. EBITDA more than doubled to ₦2.74 trillion, supported by disciplined cost management and operating leverage. Subscriber numbers increased to 87.3 million, reinforcing the company’s scale advantage in Nigeria’s telecommunications market.
Commenting on the results, Chief Executive Officer Karl Toriola described 2025 as a decisive reset for the business, noting that retained earnings and shareholders’ equity had both returned to positive territory following the previous year’s strain.
Data services remained the largest growth driver, supported by higher smartphone penetration, rising data usage, and an expanding active data customer base. Fintech operations also recorded strong momentum, reflecting increased adoption of digital financial services.
The balance sheet strengthened materially during the year, with total assets rising to ₦5.40 trillion and shareholders’ funds rebounding sharply. Capital expenditure increased significantly as the company invested heavily in network expansion and service quality, while free cash flow improved on the back of stronger operating performance.
At the close of trading, MTN Nigeria’s shares were valued at ₦760, reinforcing its position as the most capitalised company on the Nigerian Exchange. After a volatile 2024, the 2025 financial year underscores a renewed phase of profitability, balance sheet stability, and investor confidence for the telecoms giant.
