MTN Nigeria Communications Plc has reported a remarkable financial turnaround in the first quarter of 2025, achieving a record-breaking service revenue of ₦1.06 trillion—a 40.5% increase compared to ₦752.98 billion in Q1 2024.
Key Financial Highlights (Q1 2025)
- Service Revenue: ₦1.06 trillion, up 40.5% year-on-year.
- Profit After Tax: ₦133.7 billion, a significant recovery from a loss of ₦392.7 billion in Q1 2024.
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EBITDA: ₦492.7 billion, reflecting a 65.9% increase, with an EBITDA margin expansion of 7.2 percentage points to 46.6%.
- Subscriber Growth: Total subscribers rose by 8.2% to 84.1 million, with active data users increasing by 13.0% to 50.3 million.
- Capital Expenditure: ₦202.4 billion (excluding leases), marking a 159.0% year-on-year increase.
This robust performance is attributed to the stabilisation of the Nigerian naira and strategic adjustments in pricing and operational efficiencies. The company’s focus on expanding its subscriber base and enhancing data services has played a crucial role in this financial rebound.
