MTN declares first dividend in two years

MTN Nigeria is reporting a ₦750.2 billion profit after tax for the first nine months of 2025, marking a strong rebound after two years of losses, driven by a stronger Naira and increased data and voice revenue. The company is also making significant infrastructure investments, improving its 5G capabilities, and is set to pay an interim dividend.

Financial performance and rebound

• Significant profit: MTN Nigeria recorded a profit after tax of ₦750.2 billion for the nine months ending September 2025.
• Two-year turnaround: This profit follows two years of after-tax losses in 2023 and 2024.
• Key drivers: The turnaround is attributed to a more stable Naira, disciplined financial management, and a surge in data and voice revenue.

Revenue and growth

• Data revenue: Data revenue soared 73.2% year-on-year to ₦1.98 trillion, supported by a 65.1% smartphone penetration rate and increased 4G capacity.
• Voice revenue: Voice revenue increased by 41.9% to ₦1.35 trillion.
• Fintech growth: Fintech revenue jumped 72.5% to ₦131.6 billion, with active MoMo wallets expanding significantly.

Infrastructure and expansion

• Network capacity: The company is investing heavily in capacity expansion, fiber rollout, and data centers.
• 5G evolution: MTN and Ericsson are deploying energy-efficient triple-band radios to support 5G evolution.
• Infrastructure sharing: MTN has a spectrum lease agreement with T2 Mobile (formerly 9mobile) to expand capacity and improve service.
• Road infrastructure: The company has made significant progress on the Enugu–Onitsha Expressway through the government’s tax credit scheme.

Other news

• Dividend payment: MTN is set to pay its first interim dividend in two years on November 28, 2025.
• Market position: Following its strong performance, MTN is one of the most valuable equities on the Nigerian Exchange Ltd. (NGX).