MTN Nigeria records N419.613bn in Q2 2025

MTN Nigeria Plc has released its condensed consolidated and separate financial statements for Q2 2025, ended June 2025, reporting a pre-tax profit of N419.61 billion, a major turnaround from the pre-tax loss of N179.60 billion recorded in the same period last year. This performance builds on the N202.63 billion pre-tax profit posted in Q1 2025, […]

MTN Nigeria Plc has released its condensed consolidated and separate financial statements for Q2 2025, ended June 2025, reporting a pre-tax profit of N419.61 billion, a major turnaround from the pre-tax loss of N179.60 billion recorded in the same period last year.

This performance builds on the N202.63 billion pre-tax profit posted in Q1 2025, bringing H1 2025 pre-tax profit to N622.24 billion

It also marks the third consecutive quarterly profit for the telecom giant after struggling with losses in 2023 and 2024 due to significant foreign exchange losses and high interest expenses, largely driven by naira devaluation.

Commenting on the results, CEO Karl Toriola stated: “We are excited by the progress made in the first half of 2025, reflecting the successful execution of the strategic priorities we previously communicated to the market. 

“Building on the momentum from the first quarter, we delivered strong growth in service revenue for the period under review. This was driven by robust demand for our services, proactive customer value management, and price adjustments, mainly in Q2.”