The MTN Nigeria Communications Plc has reported a profit after tax of N1.11 trillion for the full year ended 2025, representing a recovery from a loss of N400.44 billion recorded in 2024.
The company also posted a profit before tax of N1.70 trillion, compared to a loss of N550.33 billion in the previous year.
The company’s CEO, Karl Toriola, disclosed this in its audited financial results for the year ended December 31, 2025, just released.
The telecommunications giant said it invested N1 trillion in network capacity in 2025, more than doubling its prior year capital expenditure.
The steep jump in investment followed last year’s approval of a 50% increase in tariff for the telecommunications industry, with a condition that all telecom operators must deliver improved service quality to Nigerians.
The company also paid N878.7 billion in taxes and levies during the year, reinforcing its position as one of Nigeria’s largest corporate taxpayers.
According to the MTN CEO, the telecom giant deepened infrastructure rollouts to support rising data demand and improve service quality across the country.
“We more than double the investment in our network to N1 trillion in 2025 (2024: N443.5 billion), strengthening service quality and user experience in line with our commitment to our customers and the government, while positioning our business for growth in an increasingly data-driven market,” Toriola stated.
He added that the company also secured a three-year spectrum lease with T2 Mobile, effective 1 October 2025, as part of its national roaming agreement.
Toriola said that the company grew its mobile subscriber base to 87.3 million during the period, adding 6.4 million new users.
Active data users rose to 53.2 million, up by 5.5 million year on year, as smartphone penetration and digital adoption continued to expand.
The structural demand for data was evident in a 34% surge in data traffic on the network, underpinning strong service revenue growth.
Overall service revenue climbed 55.1% for the year, while fourth quarter service revenue rose 49.3%
On the back of topline growth and improved cost management, MTN Nigeria said it delivered a significant turnaround in profitability.
Earnings before interest, tax, depreciation and amortisation more than doubled, rising 108.9% to N2.7 trillion. EBITDA margin expanded by 13.6 percentage points to 52.7 per cent, in line with management guidance.
The company reported a profit after tax of N1.1 trillion, representing a 377.9% increase year on year and a sharp reversal from the N400.4 billion after tax loss recorded in 2024.
The return to profitability restored positive retained earnings and strengthened shareholders’ equity.
Free cash flow rose 215.5 per cent to N1.2 trillion, underscoring what management described as robust underlying cash generation, even as capital expenditure accelerated in line with quality of service and long-term growth objectives.
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