MTN Nigeria Communications Plc has unveiled its audited financial results for the year ended December 31, 2025, showcasing a remarkable recovery with service revenue soaring to N5.2 trillion (approximately $3.8 billion) and a full return to profitability.
The telecom leader’s performance underscores its vital role in Nigeria’s non-oil economy, as one of the nation’s top corporate taxpayers channeling profits into federal infrastructure and social programs. The company deployed N1 trillion in capital expenditure (CAPEX) to expand base stations, fibre optics, and create local jobs—described by leadership as “economic patriotism” through reinvestment in national digital infrastructure.
MTN Nigeria’s Chief Finance Officer, Modupe Kadri, who shared his personal reflection on LinkedIn shortly after the results were released, highlighted the journey from crisis to strength.
“A year ago, MTN Nigeria was in negative equity. Today, we are declaring a ₦20 (Interim plus Final) total dividend for FY 25,” Kadri posted on his official LinkedIn page.
Recalling the candid disclosures at the April 2024 Special EGM—negative equity, suspended dividends, severe FX pressures, and market uncertainty—she emphasized that management, led by CEO Dr. Karl Olutokun Toriola, pursued no quick fixes but a disciplined recovery strategy centered on operational rigour, balance sheet repair, and prudent capital allocation.
“As CFO, my reflection is that turnarounds rarely happen in headlines,” Kadri wrote. “They are built through tough trade-offs, deliberate choices, and teams that stay focused when the environment is most volatile. I am deeply proud of our people and grateful to our shareholders, regulators, and partners who stayed the course with us—most especially our Board led by Dr. Ernest Ndukwe and our parent company MTN, ably led by Group President Ralph Mupita and Group CFO Tsholofelo Molefe CA(SA).”
Kadri described 2025 as “a year of restoration,” closing the period stronger in earnings, healthier in reserves, more disciplined in capital allocation, and better positioned for sustainable growth. “The work continues—onward with focus and financial discipline,” she concluded.
As Nigeria’s most valuable listed company on the Nigerian Exchange, MTN continues to foster local wealth creation, urging young Nigerians to invest in its shares for long-term returns fueled by ongoing robust CAPEX and digital expansion.
