The results demonstrate a strong start to 2025, marked by significant investments in network infrastructure and a return to profitability.
The company is focused on enhancing service quality and expanding its digital services to meet the growing demands of its customer base.
The Q1 2025 results reflect MTN Nigeria’s commitment to long-term value creation and its strategic priorities aimed at sustaining growth in a challenging economic environment.
Key Highlights
- Record Capital Expenditure: Invested ₦4 billion in Q1 2025, a 159% increase year-on-year, to upgrade and expand network infrastructure, enhancing service quality and capacity.
- Robust Financial Performance: Achieved a profit after tax of ₦7 billion, marking a significant turnaround from a loss of ₦392.7 billion in Q1 2024.
- Subscriber Growth: Added 3.2 million subscribers in Q1 2025, bringing the total to 84.1 million, an 8.2% increase year-on-year.
- Data User Expansion: Active data users rose by 13% to 50.3 million, with data traffic increasing by 46.4% year-on-year.
- Service Revenue Surge: Service revenue grew by 40.5% to ₦06 trillion, driven by increased demand for data and voice services.
- Improved EBITDA: EBITDA increased by 65.9% to ₦7 billion, with the EBITDA margin expanding by 7.2 percentage points to 46.6%.
Important Areas To Note
- Strategic Investment Driving Growth: MTN Nigeria’s substantial capital expenditure underscores its commitment to enhancing network infrastructure, which is pivotal for sustaining growth and improving customer experience.
- Return to Profitability: The company’s financial turnaround in Q1 2025 reflects effective strategic execution and resilience in the face of economic challenges.
- Digital Expansion and Customer-Centricity: Growth in data users and traffic highlights MTN Nigeria’s successful focus on digital services and customer value management.
Key Facts
- Capital Expenditure: ₦4 billion invested in Q1 2025, a 159% increase from Q1 2024.
- Profit After Tax: ₦7 billion in Q1 2025, compared to a loss of ₦392.7 billion in Q1 2024.
- Subscriber Base: 84.1 million subscribers as of Q1 2025, up by 8.2% year-on-year.
- Active Data Users: 50.3 million, a 13% increase from Q1 2024.
- Service Revenue: ₦06 trillion in Q1 2025, a 40.5% increase year-on-year.
- EBITDA: ₦7 billion in Q1 2025, up by 65.9% from Q1 2024.
- EBITDA Margin: 46.6% in Q1 2025, an improvement of 7.2 percentage points year-on-year.
Objectives
- The result demonstrates MTN Nigeria’s significant capital expenditure aimed at network enhancement and service quality improvement.
- Financial Resilience: It also showcases the company’s return to profitability and strong financial metrics in Q1 2025.
- Growth Trajectory: It further illustrates the positive trends in MTN’s subscriber growth, data usage, and revenue, indicating a robust growth trajectory.
- Stakeholder Confidence: The result will further strengthen stakeholder confidence by communicating MTN Nigeria’s strategic focus and commitment to delivering value.
MTN Nigeria Q1 2025 results – see HERE.
