MTN Nigeria’s nine-month profit rises 55% to N1.17tn
MTN Nigeria has recorded a 55.3% increase in profit after tax to N1.17tn for the nine months ended September 30, 2026, driven by higher revenue. Read More: https://punchng.com/mtn-nigerias-nine-month-profit-rises-55-to-n1-17tn/
MTN Nigeria reported a 55.3% increase in profit after tax to N1.17tn over the nine months ended September 30, 2026, according to its unaudited financial results released on Friday. Revenue grew by 23.7% to N4.6tn, while earnings before interest, taxes, depreciation, and amortisation surged by 36.8% to N2.6tn. Profit per share also increased by 55.3% to N55.60.
Free cash flow rose by 57.5% to N1.17tn. The operator now has 94.7 million subscribers, including 57.2 million active data users. MTN Nigeria's CEO, Karl Toriola, credited the growth to rising demand for connectivity and the company's ongoing investments in network infrastructure. The chief executive emphasized that the company would continue to expand network coverage and capacity to meet the increasing demand for internet services.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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