MTN Nigeria Communications Plc has released its audited 2025 financial results, posting a pre-tax profit of N1.70 trillion compared to a loss of N550.3 billion in 2024.
The performance reflects a return to profitability following significant foreign exchange losses in the prior year.
In the fourth quarter, pre-tax profit rose to N569.6 billion, up 248.8 per cent from N163.3 billion in the same period of 2024.
Following the performance, the board has proposed a final dividend of N15 per share, bringing the total dividend for the 2025 financial year to N20 per share.
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Total revenue grew 54.9 per cent to N5.20 trillion, with service revenue rising 55.1 per cent to N5.17 trillion.
Profit after tax stood at N1.11 trillion, compared to a loss of N400.4 billion in 2024, while earnings per share rose to N53.07 from a loss per share of N19.05.
Chief Executive Officer Karl Toriola described 2025 as a significant turning point, noting that the company closed the year with positive retained earnings of N400.4 billion.
He stated that macroeconomic conditions improved during the year, with a more stable foreign exchange market and moderated inflation helping to reduce margin pressure.
Service revenue growth was driven primarily by data and fintech, with data revenue increasing 74.5 per cent to N2.78 trillion.
Growth was supported by a 34 per cent increase in data traffic and 11.6 per cent growth in active data users to 53.2 million.
Fintech revenue grew 79.7 per cent to N191.3 billion, driven by higher interest income and expansion of advanced services.
The company reported a net foreign exchange gain of N90.3 billion compared to a loss of N925.4 billion in 2024.
Mobile subscribers rose 7.9 per cent to 87.3 million, while total assets increased 28.7 per cent to N5.40 trillion.
As of Thursday’s close, MTN Nigeria’s share price stood at N760, making it the most capitalised company on the Nigerian Exchange with a market capitalisation of approximately N16 trillion.
