MTN Nigeria Communications Plc has restored investor confidence after declaring a ₦5 interim dividend—its first in three years—marking a strong comeback following a challenging period that led to dividend suspension in 2022.
According to the company’s nine-month financial report, MTN now holds a positive liquidity position of ₦93 billion, with retained earnings rebounding to ₦142 billion from a ₦723 billion loss recorded during the same period last year.
Chief Executive Officer Karl Toriola described the results as a “significant milestone,” highlighting the restoration of positive retained earnings and shareholders’ equity as evidence of strong operational momentum and disciplined execution.
He attributed the turnaround to an improved macroeconomic climate, strategic price adjustments, and MTN’s commitment to efficiency and prudent financial management.
The ₦5 interim dividend per 2 kobo ordinary share will be paid to shareholders on record as of November 20, 2025.
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MTN’s impressive performance has reflected positively on its stock. The company’s share price, which crossed the ₦500 mark for the first time on October 22, climbed further to ₦515 two days later and reached ₦520.10 after its results were released.
MTN Nigeria posted an after-tax profit of ₦750.2 billion for the nine months ended September 30, 2025—a dramatic turnaround from the ₦514.9 billion loss reported last year.
This represents a 245.7 percent rebound, driven by solid data and fintech growth as well as a more stable economic environment. Total service revenue grew by 57.5 percent year-on-year to ₦3.7 trillion, while EBITDA more than doubled to ₦1.9 trillion, pushing margins up to 51.4 percent.
Data and fintech operations remain MTN’s strongest revenue drivers. Data revenue surged 73.2 percent to ₦1.98 trillion, supported by increased smartphone penetration (65.1 percent), expanded 4G infrastructure, and a 36.3 percent rise in data traffic.
The average subscriber now uses 13.2GB monthly, while home broadband users have grown to 4 million.
Fintech revenue jumped 72.5 percent to ₦131.6 billion, with active MoMo wallets reaching 2.9 million.
Customer deposits rose by 80.5 percent since December 2024, and MTN’s agent and merchant networks expanded by 73.6 percent and 42.6 percent, respectively—underscoring the company’s push for deeper financial inclusion.
“Fintech remains a core growth engine for MTN, driving inclusion and long-term value creation,” Toriola said, noting that recent efforts have accelerated momentum across its mobile money ecosystem.
