MTN Nigeria Communications (MTNN) Plc has reported a revenue after tax of N414.9 billion within the first half 12 months ended June 30, 2025.
This marks a robust restoration from the loss after tax of N519.1 billion recorded within the prior 12 months.
The corporate mentioned the turnaround mirrored the profitable supply of the 5 strategic priorities outlined on the Extraordinary Common Assembly (EGM) held on April 30, 2024 to handle the unfavorable shareholders’ funds.
MTNN’s monetary outcomes for the half 12 months confirmed that income went up by 54.6 per cent to N2.379 trillion in H1 2025 from N1.539 trillion in H1 2024.
Complete subscribers elevated by 6.7 per cent year-on-year to 84.7 million. Energetic information customers elevated by 11.8 per cent to 51.0 million, whereas service income elevated by 54.6 per cent to N2.4 trillion.
EBITDA elevated by 119.5 per cent to N1.2 trillion, whereas EBITDA margin elevated by 15.0pp to 50.6 per cent. The Firm’s earnings per share stood at N19.8 kobo from a unfavorable of N24.7 kobo in H1 2024. Capex, excluding leases, elevated by 288.4 per cent to N565.7 billion.
The CEO, MTNN, Karl Toriola said that, “we’re excited by the progress made within the first half of 2025, reflecting the profitable execution of the strategic priorities we beforehand communicated to the market.
“Constructing on the momentum from the primary quarter, we delivered robust progress in service income for the interval underneath overview. This was pushed by strong demand for our companies, proactive buyer worth administration and value changes, primarily in Q2.”
He added that, “in reinforcing this progress, we accelerated funding in our community to boost capability, protection and high quality of expertise. We additionally continued to execute effectivity initiatives to additional speed up the restoration of our profitability.”
Trying forward, Toriola famous that, “We count on to maintain robust operational and monetary progress momentum within the second half of 2025, supported by a extra secure macroeconomic and regulatory surroundings, continued demand for our companies and the advantage of latest value changes and community investments.
“Given the robust momentum in our enterprise efficiency, we now have revised up our full 12 months 2025 steering and now goal service income progress of ‘at the very least low-50 per cent’ and EBITDA margin of ‘at the very least low-50 per cent’. With our robust operational momentum and continued deal with efficiencies, we’re on monitor to revive constructive retained earnings and internet asset positions by the top of Q3 2025.
“Following the H1 acceleration of our capex deployment, we count on this to reasonable within the second half, in step with our full 12 months 2025 goal, and assist drive a stronger FCF trajectory,” he added.
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