…..restores positive retained earnings
MTN Nigeria Plc has reverted to the path of profitability and restored positive retained earnings, while declaring dividend as the telecommunication giant continues to accelerate the investment in its network across the country.
For the first six months through September 2025, MTN Nigeria posted profit after tax (PAT) of N750.18 billion from a loss of N514.29 billion as at September 2024.
Recurring profit over the past few quarters helped the company return to positive retained earnings of N142.71 billion in September 2025 from a negative figure of N607.46 billion as at September 2024.
Also, it recorded positive shareholders’ fund of N293.16 billion in the period under review.
Following the company’s return to positive retained earnings, the Board has approved an interim dividend of N5.00 per share, payable from distributable net income as this decision reflects its ongoing commitment to delivering shareholder value and reinforces its commitment to sustainable value creation.
Capital expenditure (CAPEX) surged by 248.05 percent to N757.41 billion as at September 2025, as investments were directed toward capacity expansion to ease congestion, deployment of additional sites to extend coverage, rollout of our fibre-to-the-home network and development of a new data centre.
MTN Nigeria’s revenue spiked by 57.38 percent to N3.73 trillion in September 2025 from N2.37 trillion as at September 2024.
The major drivers for this strong revenue growth are the 50 were tariff hike implemented during the period as total subscriber base increased by 11 percent to 85.40 million.
Also, the company is benefitting from a stability in the foreign exchange market which helped wipe out foreign exchange revaluation loss that had hurt the bottom line.
The naira appreciated from N1,535/US$ in December 2024 to N1,475/US$ at the end of September 2025, while headline inflation continued to steadily abate from 34.8% in December 2024 to 18.0 percent in September.
In response, the Central Bank of Nigeria (CBN) reduced the Monetary Policy Rate by 50 basis points to 27 percent, signalling the start of monetary policy easing – a positive development for business activity and investor confidence.
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