MTN Nigeria Communications Plc has announced a robust financial performance for the first half of 2025, with revenue increasing by 54.6% year-on-year to N2.4 trillion for the six months ended June 30, 2025.
Despite a significant increase in capital expenditure to expand network capacity and digital infrastructure, the company delivered a free cash flow of N409.8 billion, up 18% from the prior year.
This performance represents a sharp recovery from the previous year, when MTN posted a loss of N519.1 billion in H1 2024. In contrast, the company recorded a profit after tax of N414.9 billion in H1 2025, driven by increased demand for services, price adjustments, and operational cost efficiencies.
“We remain committed to sustained investments that enhance customer experience and support Nigeria’s digital transformation,” said Karl Toriola, CEO of MTN Nigeria.
Related News: HP Leverages AI to Combat Growing Cyber Threats
MTN’s capital expenditure rose by 288.4% to N565.7 billion, excluding leases, as the company accelerated investments in mobile and fixed broadband networks. The company supported strategic initiatives, including deploying additional 4G sites, expanding fibre-to-the-home broadband solutions, and launching a Tier III Data Centre.
Revenue growth was broad-based across key segments. Data revenue surged 69.2%, supported by new active data users, increased traffic, and higher usage per subscriber. Voice revenue rose 40.3%, benefiting from a larger subscriber base and new pricing. Fintech revenue jumped 71.8%, powered by airtime lending and rising customer deposits.
