MTN Nigeria Achieves N1.2 Trillion Profit in 2026
MTN Nigeria Communications Plc (NGX: MTNN) recorded a profit after tax of N1.2 trillion for the nine-month period ending September 30, 2026, reflecting a 55.3% increase compared to the previous year. The company's unaudited results showed service revenue growth of 23.7% year-on-year, reaching N4.6 trillion, while earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 36.8% to N2.6 trillion.
The EBITDA margin expanded by 5.5 percentage points to 56.9%. Karl Toriola, the CEO of MTN Nigeria, noted a strong recovery in Q3 after a slowdown in Q2, with service revenue growing 19.7% and EBITDA increasing by 32.8%.
Data revenue was the primary growth driver, up 35.8%, while voice revenue grew 11.1%. Fintech revenue saw a significant increase, with core mobile money revenue more than doubling by 102.2%.
The company maintained a net cash position of N47.7 billion after paying N860.8 billion in dividends.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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