MTN Nigeria has posted a remarkable financial recovery, reporting a profit after tax of N1.1 trillion for the 2025 financial year.
The development marks a major turnaround for the telecom giant after recording significant losses in 2024 due to foreign exchange pressures and economic challenges.
According to its latest financial results, MTN Nigeria bounced back from a loss of over N400 billion in 2024, highlighting a sharp improvement in its financial position.
The company’s return to profitability reflects improved macroeconomic conditions and better financial management.
Revenue Growth Driven by Data and Fintech
MTN Nigeria’s performance was largely driven by strong growth in key segments:
Data revenue surged significantly due to increased internet usage
Fintech services recorded major expansion
Voice revenue also contributed to overall earnings
Overall, the company’s revenue rose by over 50% to about N5.2 trillion during the year.
This growth highlights the increasing demand for digital services across Nigeria.
Foreign Exchange Gains Boost Performance
A major factor behind the rebound was a shift in foreign exchange performance.
MTN Nigeria recorded a net FX gain of over N90 billion, compared to heavy FX losses recorded in the previous year.
This improvement played a key role in stabilizing the company’s balance sheet.
Investment in Network Expansion
The telecom company also made significant investments to strengthen its infrastructure.
It spent about N1 trillion on network expansion and modernization, including:
Fibre rollout
Additional base stations
Improved network capacity
These investments are aimed at enhancing service quality and supporting future growth.
What This Means for the Telecom Sector
MTN Nigeria’s strong recovery signals renewed confidence in Nigeria’s telecom industry.
The performance reflects:
Rising demand for data and digital services
Growth in mobile financial solutions
Increased investment in digital infrastructure
Conclusion
MTN Nigeria’s return to profitability with a N1.1 trillion profit marks a significant milestone for the company. The turnaround underscores its resilience and positions it for sustained growth in Nigeria’s fast-evolving telecom market.