MTN Nigeria Records Phenomenal 180% Net Income Growth in H1 2025, Signals Major Financial Turnaround
Nigeria’s telecommunications titan, MTN Nigeria, has reported an exceptional financial recovery in the first half of 2025, marking a significant shift in its profitability. The company announced a substantial net income of N414.9 billion, a remarkable 180% year-on-year increase compared to the N519.1 billion net loss it recorded in the corresponding period of 2024. This impressive reversal underscores MTN’s resilience and strategic agility within the dynamic Nigerian market.
The Drivers Behind MTN’s Spectacular Recovery
This dramatic turnaround for MTN Nigeria was fundamentally propelled by two key factors: a drastic reduction in foreign exchange (FX) losses and strong, sustained revenue growth across its services. Crucially, the Central Bank of Nigeria’s (CBN) market harmonisation policies played a vital role in stabilising the currency environment, complementing the Nigerian Communications Commission’s (NCC) recent approval of new tariffs. The impact of these policies is clearly reflected in MTN’s financial statements, with FX losses plummeting from N887.7 billion in H1 2024 to a mere N5.2 billion in H1 2025 – an astounding 99% reduction that speaks volumes about the improved stability in the foreign exchange market.
Beyond the FX gains, the company’s core operations delivered robust performance, with revenue surging to N2.38 trillion. This represents a substantial 54% year-on-year increase from the N1.54 trillion reported in H1 2024. Data services emerged as the primary growth engine, witnessing its revenue soar by 69% from N726.6 billion to N1.23 trillion. Voice and value-added services also made significant contributions to this strong financial showing. Consequently, operating profit skyrocketed by an impressive 193%, reaching N892.8 billion, a considerable jump from N304.5 billion in H1 2024.
MTN Nigeria’s stellar performance in the first half of 2025 not only highlights its successful navigation of economic challenges but also solidifies its position as a leading force in the African tech and telecom landscape. The shift from a significant loss to substantial profit within a year demonstrates the effectiveness of its operational strategies and the positive impact of regulatory reforms, setting a promising trajectory for the company’s future growth.
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