With a net profit of N414.9 billion, MTN Nigeria has produced a phenomenal financial recovery in the first half of 2025 – a sharp contrast to the N519.1 billion net loss registered in the same period last year.
This remarkable comeback highlights the telecom behemoth’s resilience and strategic realignment, which shows a 180% yearonyear rise.
From N1.54 trillion in H1 2024, MTN’s abbreviated financial statement for H1 2025 shows that total revenue climbed 54% to N2.38 trillion. Mostly driven by excellent performance across digital, data, and voice services. Emphasizing especially rising customer demand and use, data revenue alone increased from N726.6 billion last year to N1.23 trillion in 2025.
MTN’s operating profit rose 193% year on year from N304.5 billion in the preceding period to N892.8 billion. The company’s pretax profit also saw a remarkable reversal from a loss of N751.3 billion in H1 2024 to N622.3 billion in H1 2025. This sharp recovery is mostly attributable to MTN’s effective cost management and, above all, a significant fall in foreign currency losses.
The telco’s FX-related losses plummeted from N887.7 billion to only N5.2 billion, a shift that turned out to be vital in restoring profitability. Among the main beneficiaries of recent foreign exchange changes, MTN Nigeria has helped to steady the naira and reduced financial load on global corporations operating in Nigeria.
Consequently, earnings per share rose from a negative N24.71 in H1 2024 to a positive N19.78 in H1 2025.
Despite this recovery, MTN has chosen not to declare a temporary dividend. Though far better than the N458 billion shortfall noted at the beginning of the year, the company’s net asset position still at N42.5 billion.
At N955.7 billion net operating cash flow and N564.5 billion in capital expenditure for the period, MTN hence had free cash flow of N391.2 billion. Still, the substantial costs impacted liquidity; the current ratio dropped somewhat from 0.40 to 0.36, and current debts surpassed assets by N1.23 trillion.
On a positive note, the company’s contingent legal liability fell significantly from N3.99 billion in December 2024 to just N0.88 billion by mid-2025 after several key cases were settled.
Referring to the early success of strategic projects approved at the 2024 Extraordinary General Meeting, the Board of Directors commented on its future optimism. Among them are initiatives meant to maximize operating efficiency, create infrastructure, and improve MTN’s market share.
Better financial management, legislative changes, and growing consumer engagement in digital and data services all fuel MTN Nigeria’s H1 2025 results, which show a clear path to recovery.
With a net profit of N414.9 billion, MTN Nigeria has produced a phenomenal financial recovery in the first half of 2025 – a sharp contrast to the N519.1 billion net loss registered in the same period last year. This remarkable comeback highlights the telecom behemoth’s resilience and strategic realignment, which shows a 180% yearonyear rise.
From N1.54 trillion in H1 2024, MTN’s abbreviated financial statement for H1 2025 shows that total revenue climbed 54% to N2.38 trillion. Mostly driven by excellent performance across digital, data, and voice services. Emphasizing especially rising customer demand and use, data revenue alone increased from N726.6 billion last year to N1.23 trillion in 2025.
MTN’s operating profit rose 193% year on year from N304.5 billion in the preceding period to N892.8 billion. The company’s pretax profit also saw a remarkable reversal from a loss of N751.3 billion in H1 2024 to N622.3 billion in H1 2025. This sharp recovery is mostly attributable to MTN’s effective cost management and, above all, a significant fall in foreign currency losses.
The telco’s FX-related losses plummeted from N887.7 billion to only N5.2 billion, a shift that turned out to be vital in restoring profitability. Among the main beneficiaries of recent foreign exchange changes, MTN Nigeria has helped to steady the naira and reduced financial load on global corporations operating in Nigeria.
Consequently, earnings per share rose from a negative N24.71 in H1 2024 to a positive N19.78 in H1 2025.
Despite this recovery, MTN has chosen not to declare a temporary dividend. Though far better than the N458 billion shortfall noted at the beginning of the year, the company’s net asset position still at N42.5 billion.
At N955.7 billion net operating cash flow and N564.5 billion in capital expenditure for the period, MTN hence had free cash flow of N391.2 billion. Still, the substantial costs impacted liquidity; the current ratio dropped somewhat from 0.40 to 0.36, and current debts surpassed assets by N1.23 trillion.
On a positive note, the company’s contingent legal liability fell significantly from N3.99 billion in December 2024 to just N0.88 billion by mid-2025 after several key cases were settled.
Referring to the early success of strategic projects approved at the 2024 Extraordinary General Meeting, the Board of Directors commented on its future optimism. Among them are initiatives meant to maximize operating efficiency, create infrastructure, and improve MTN’s market share.
Better financial management, legislative changes, and growing consumer engagement in digital and data services all fuel MTN Nigeria’s H1 2025 results, which show a clear path to recovery.
