MTN Nigeria reported a net income of N414.9 billion for H1 2025. This marks a 180 percent year-on-year growth from the N519.1 billion net loss reported in H1 2024.
In its consolidated financial statements for H1 2025, the group recorded a turnover of N2.38 trillion during the period. This represents a 54 percent YoY growth from the N1.54 trillion reported in H1 2024. This growth was observed across various revenue streams, including voice, data, and value-added services. Data revenue particularly saw a significant increase from N726.6 billion in H1 2024 to N1.23 trillion in H1 2025.
The half-year results mark a significant financial turnaround for the six months ended 30 June 2025. With the profits driven by strong revenue growth and a drastic reduction in net foreign exchange losses. Outside the reduction in FX losses, MTN’s operating profit surged by 193 percent YoY to N892.8 billion, from N304.5 billion in H1 2024.
