…Strong performance underpinned by a return to dividend payment.
MTN Nigeria has released its financial results for the nine months ended 30 September 2025 on the NGX.
Salient points:
- Total subscribers increased by 11.0% to 85.4 million
- Active data users increased by 12.8% to 51.1 million
- Service revenue increased by 57.5% to N3.7 trillion
- EBITDA increased by 123.0% to N1.9 trillion
- EBITDA margin increased by 15.1pp to 51.4%
- PAT of N750.2 billion, up 245.7% (9M 2024: negative N514.9 billion)
- Earnings per share of N35.77 kobo (9M 2024: negative N24.51 kobo)
- Positive retained earnings and shareholders’ equity of N142.7 billion and N293.1 billion, respectively
- Capex, excluding leases, increased by 248.0% to N757.4 billion as we accelerated investments in H1 2025
- Free cash flow (FCF) of N742.6 billion, up 38.5%
- Interim dividend of N5.00 per share.
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