…declares N15 per share final dividend.
MTN Nigeria Communications Plc, has announced its financial results for the year ended December 31, 2025, reflecting strong commercial momentum, robust subscriber growth, and broad-based revenue performance across its connectivity, digital, and fintech businesses.
Reviewing the 2025 general results performance, the Chief Executive Officer of MTN Nigeria, Dr. Karl Toriola said “2025 marked a significant turning point in our business performance 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. These results were delivered through excellent commercial execution, commitment to operational efficiency and disciplined capital allocation, underpinned by a supportive macroeconomic environment.”
Also commenting on the results, Modupe Kadri, Chief Financial Officer, MTN Nigeria said: “Turnarounds rarely happen in headlines. They are built through tough trade-offs, deliberate choices, and teams that stay focused when the environment is most volatile. I am deeply proud of our people and grateful to our shareholders, regulators, and partners who stayed the course with us. Most especially, we are grateful for the support our Board and our parent company.”
2025 FY Highlights:
Total subscribers increased by 7.9% to 87.3 million
Active data users increased by 11.6% to 53.2 million
Service revenue increased by 55.1% to N5.2 trillion
EBITDA increased by 108.9% to N2.7 trillion
EBITDA margin increased by 13.6pp to 52.7%
PAT of N1.1 trillion, up 377.9% (FY 2024: negative N400.4 billion)
Earnings per share of N53.07 kobo (FY 2024: negative N19.05 kobo)
Retained earnings and shareholders’ equity of N400.4 billion and N548.7 billion, respectively
Capex, excluding leases, more than doubled to N1 trillion with a capex intensity of 19.3%
Free cash flow (FCF) of N1.2 trillion, up 215.5%
Final dividend of N15 per share
