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's profit after tax surged by 55.3 percent to N1.17tn over the nine months ending September 30, 2026, according to the company's unaudited financial results released on Friday. Revenue increased by 23.7 percent to N4.6tn, while earnings before interest, taxes, depreciation, and amortization rose by 36.8 percent to N2.6tn.
Chief Executive Officer Karl Toriola cited the growing demand for connectivity and ongoing investments in network infrastructure as key drivers of the success. The operator now serves 94.7 million subscribers, with 57.2 million of those using data services. MTN Nigeria's Chief Financial Officer Modupe Kadri emphasized that the company paid around N861bn in dividends while continuing to invest in network expansion and maintaining a positive net cash position.
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