MTN Nigeria Reports Record-Breaking N5.2 Trillion Revenue

.MTN Nigeria has delivered a stellar performance in 2025, posting impressive revenue growth and a remarkable recovery from last year’s losses, while announcing plans to reward shareholders with substantial dividends

MTN Nigeria has posted a revenue of N5.20 trillion for the year 2025, a significant increase from the previous year’s N3.36 trillion. This marks a remarkable 54% year-on-year growth, driven by strong demand for telecom services and a favorable operating environment. Alongside the revenue growth, MTN also reported a profit after tax of N1.11 trillion, a dramatic turnaround from a loss of N400.44 billion in 2024.

Financial Highlights for 2025:

Revenue: N5.20 trillion (2024: N3.36 trillion)
Operating Profit: N2.08 trillion (2024: N778.24 billion)
Profit Before Tax: N1.70 trillion (2024: Loss of N550.33 billion)
Profit After Tax: N1.11 trillion (2024: Loss of N400.44 billion)
Depreciation of Property and Equipment: N315.23 billion (2024: N259.75 billion)
Employee Costs: N154.22 billion (2024: N91.92 billion)
Finance Costs: N524.91 billion (2024: N431.65 billion)

The profit before tax of N1.70 trillion, compared to the previous year’s loss, highlights MTN Nigeria’s ability to effectively manage costs and drive revenue growth across its services. The company achieved a major milestone in profitability, marking the most profitable year in its history.

Dividends: A Substantial Payout for Shareholders

In recognition of the strong financial results, MTN Nigeria has proposed a dividend payout to its shareholders. The company declared an interim dividend of N104.98 billion in September 2025 and has now proposed a final dividend of N314.93 billion, which translates to N15.00 per share.

This would bring the total dividend for 2025 to N20.00 per share, a notable increase compared to 2024 when no dividend was paid. The proposed dividend will be subject to approval at the upcoming Annual General Meeting (AGM). If approved, the dividend will be paid net of applicable withholding tax, providing an attractive return to shareholders who have supported the company’s growth.

Tariff Adjustment: A Key Enabler for Growth

A crucial factor behind MTN’s stellar performance was the 50% tariff adjustment approved by the Nigerian Communications Commission (NCC) in January 2025. This tariff increase has had a significant impact on MTN’s bottom line, enabling the company to offset rising costs while maintaining high-quality service delivery. The tariff adjustment is designed to sustain the company’s infrastructure investments and ensure continued network expansion.

In a statement, MTN Nigeria’s CEO emphasized that the tariff adjustment would help the company balance affordability with financial sustainability. “We are committed to providing affordable telecom services while investing in the growth and improvement of Nigeria’s telecom infrastructure. This adjustment is essential for maintaining the quality of our services and ensuring the long-term sustainability of our operations,” the CEO stated.

National Roaming Tax and Future Outlook

MTN Nigeria also faces the challenges of the newly introduced national roaming tax, which adds to the regulatory pressures in the sector. However, the company remains focused on adapting to these changes while continuing to deliver value to its customers.

The management team is optimistic about the future, with plans to continue investing in digital transformation and infrastructure development. The company’s leadership reiterated that it is committed to supporting Nigeria’s broader economic goals, including the promotion of digital inclusion and technological innovation.

“As a market leader in Nigeria’s telecoms industry, we remain committed to driving the country’s digital transformation. Our strong performance in 2025 positions us well to continue delivering excellent services and value for our customers and stakeholders,” said the CEO.