MTN Nigeria has reported a strong financial comeback, posting a profit after tax of N133.7 billion for the first quarter of 2025. This comes just a year after the telecoms giant recorded a staggering N392.7 billion loss in the same period.
According to financial results published on the Nigerian Exchange Limited (NGX), the company recorded a total revenue of N1.06 trillion in Q1 2025 — a 40.5% surge compared to N752.96 billion in Q1 2024. Profit before tax stood at N202.55 billion, a striking reversal from the N390.67 billion loss posted in the previous year.
Strategic rebound and rising investments
MTN Nigeria invested N202.4 billion in network infrastructure during Q1 2025 — a 159% year-on-year increase aimed at expanding coverage and enhancing service quality. The telco attributed this aggressive investment to its strategy to improve network experience and restore financial health.
“We are pleased with our performance in the first quarter of 2025, which reflects the continued execution of our strategic priorities and the resilience of demand for our services,” said MTN Nigeria CEO Karl Toriola.
He added that the quarter’s performance builds on the momentum from the final quarter of 2024 and positions the company on a promising path to reclaiming a positive net asset standing by year-end. “We are increasing our investments to improve network and service quality,” he stated.
Market Conditions and Regulatory Boosts
Despite ongoing economic pressure, including a 24.2% inflation rate and a fluctuating foreign exchange market, the company found stability in the relative calm of the naira. By the end of March 2025, the exchange rate hovered at N1,537 per dollar.
MTN also benefited from regulatory approval for price adjustments during the quarter — a key move that supported its capital expenditures and helped sustain service quality. The CEO noted that this approval allowed the company to speed up infrastructure investments, while also exploring efficiency through partnerships.
“A key milestone was the agreement between MTN Group and Airtel Africa to collaborate on passive infrastructure in Nigeria,” Toriola said, calling it a game-changer in reducing costs and expanding coverage.
The latest result is tied to the execution of five key priorities set out at MTN’s extraordinary general meeting in April 2024. With improving macroeconomic conditions and strategic spending, MTN Nigeria appears to be on a confident course toward recovery and sustained growth.
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3 replies on “MTN Nigeria Bounces Back with N133.7bn Profit”
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