mtn-mulls-scrapping-nigeria-ipo-seeks-options-as-spat-hurts/">MTN Nigeria Communications Plc has reported a powerful comeback for the third quarter ended September 30, 2025, posting a profit after tax of ₦750.2 billion and revenue of ₦3.73 trillion — a sharp turnaround from last year’s heavy losses.
The company’s Board of Directors approved an interim dividend of ₦5 per 2 kobo ordinary share, payable to shareholders whose names appear in the Register of Members as of November 20, 2025.
The dividend, subject to withholding tax, will be paid electronically on November 28 to shareholders with completed e-dividend registration and mandated bank accounts.
According to MTN’s notice to the Nigerian Exchange Limited (NGX), the register of shareholders will be closed from November 21 to facilitate the dividend payment process.
Strong Recovery Across Key Metrics
The latest results mark a dramatic reversal from the ₦514.9 billion loss recorded in the same period of 2024. Revenue surged 57% year-on-year to ₦3.73 trillion, boosted by growth in data, voice, and fintech services.
Operating profit rose to ₦1.44 trillion, up from ₦475.3 billion in 2024, underscoring efficiency gains and rising service margins. The company also posted a net foreign exchange gain of ₦55.6 billion, overturning the ₦904.9 billion FX loss of the previous year.
Finance income grew to ₦33.3 billion, while finance costs rose to ₦404.2 billion — a reflection of elevated market interest rates and increased borrowing. Yet, MTN’s profit before tax climbed to ₦1.13 trillion, from a loss of ₦713.6 billion last year.
After accounting for ₦376.3 billion in taxes, the telecoms giant’s net profit stood at ₦750.2 billion — a clear signal of its resilience and improved balance sheet strength.
Dividend Underscores Financial Strength
The ₦5 interim dividend cements MTN Nigeria’s status as one of the most dependable blue chips on the NGX. The payout reveals the management confident in its cash flow, profitability, and growth outlook.
MTN has maintained a solid dividend record since its listing in 2019, consistently rewarding shareholders despite economic headwinds. This latest payout is expected to lift investor confidence, particularly as telecom stocks remain defensive amid Nigeria’s volatile market.
Direct network operating costs stood at ₦1.04 trillion, while employee costs were contained at ₦95 billion. Depreciation on property and right-of-use assets reached ₦412.2 billion, reflecting MTN’s continuous 4G and 5G network expansion nationwide.
The company’s strategy of integrating fintech and broadband services continues to fuel growth, reinforcing its role as a key driver of Nigeria’s digital economy.
Outlook: Sustaining Growth Momentum
Industry analysts say the strong Q3 results affirm MTN Nigeria’s ability to navigate economic and regulatory challenges. Its FX gains, cost discipline, and growing digital portfolio position it for lasting profitability.
As Central Bank of Nigeria reforms stabilize foreign exchange and inflation pressures ease, MTN is expected to sustain revenue growth and robust shareholder returns.
With more than 80 million subscribers, expanding fintech operations, and massive infrastructure investments, MTN Nigeria is the bellwether of the Nigeria’s telecoms industry.
Rate, Like 👍, Comment 💬, Share this article, Follow us on our social media handles, and Submit your own story to get featured and earn rewards!
WhatsApp Channel
Telegram Channel
