MTN Nigeria roars back to profitability with stellar nine-month results

MTN Nigeria Communications delivered a resounding financial comeback, reporting a robust performance for the nine months to September 30, 2025 - a N750.2 billion taxed profit marked a dramatic turnaround from a N514.9bn loss in the same period last year.

- EDWARD WEST

This resurgence paved the way for a return to dividend payments, with an interim dividend of N5.00 per share approved by the board.

CEO Karl Toriola hailed the results as a "significant milestone," attributing the turnaround to strategic execution, improved macroeconomic conditions, and prudent financial management. "We are pleased to report that MTN Nigeria has restored its positive retained earnings and shareholders' equity positions," he said.

MTN Nigeria's subscriber base surged by 11% to 85.4 million, while active data users climbed 12.8% to 51.1 million. Service revenue soared 57.5% year-on-year to N3.7 trillion, driven by strong demand and strategic price adjustments.