MTN Nigeria has reported a major turnaround in its full-year financial performance, posting a profit after tax of N1.1tn for the year ended December 2025. The result marks a sharp recovery from the loss recorded in the previous financial year and signals renewed strength in Nigeria’s telecoms sector.
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Revenue growth driven by data expansion
The company’s service revenue rose significantly, supported largely by strong growth in data subscriptions and fintech services. Increased smartphone penetration, higher internet consumption and expanding digital payment adoption contributed to improved earnings performance.
Data revenue continued to outperform voice, reflecting a shift in consumer behaviour towards digital services. Fintech operations also recorded solid traction as more Nigerians adopted mobile money and digital payment platforms for everyday transactions.
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Margin improvement and capital investment
Operating profit improved alongside revenue growth, with earnings before interest, tax, depreciation and amortisation rising sharply. The company also increased capital expenditure to strengthen network capacity and improve service quality across key regions.
Management stated that disciplined cost control and operational efficiency played a central role in restoring profitability. The board proposed a final dividend, signalling confidence in cash flow stability and future earnings outlook.
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Impact on telecom sector
Industry analysts believe the performance reinforces telecoms as one of Nigeria’s most resilient sectors. With rising demand for broadband services and digital solutions, operators are expected to continue investing in network infrastructure.
However, competition remains intense and regulatory costs could influence margins. Sustained macroeconomic stability will also be critical to maintaining revenue momentum.
MTN’s recovery highlights the broader potential of Nigeria’s digital economy and its growing contribution to national output.
