MTN Nigeria Communications PLC (NGX:MTNN)
Nigeria · Delayed Price · Currency is NGN 790.00
-5.00 (-0.63%)
At close: Mar 6, 2026
NGX:MTNN Income Statement
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Revenue | 5,202,957 | 3,358,461 | 2,468,847 | 2,012,272 | 1,654,299 |
Other Revenue | 1,479 | 2,369 | - | - | - |
| 5,204,436 | 3,360,830 | 2,468,847 | 2,012,272 | 1,654,299 | |
Revenue Growth (YoY) | 54.86% | 36.13% | 22.69% | 21.64% | 22.87% |
Cost of Revenue | 895,102 | 696,682 | 467,002 | 404,583 | 333,550 |
Gross Profit | 4,309,334 | 2,664,148 | 2,001,845 | 1,607,689 | 1,320,749 |
Selling, General & Admin | 1,345,860 | 1,169,028 | 675,761 | 460,569 | 389,328 |
Amortization of Goodwill & Intangibles | 90,216 | 90,684 | 79,033 | 53,955 | 43,945 |
Other Operating Expenses | 220,300 | 192,392 | 115,781 | 63,958 | 54,012 |
Operating Expenses | 2,230,414 | 1,896,575 | 1,220,411 | 860,729 | 735,664 |
Operating Income | 2,078,920 | 767,573 | 781,434 | 746,960 | 585,085 |
Interest Expense | -520,893 | -427,346 | -234,373 | -145,653 | -137,624 |
Interest & Investment Income | 48,659 | 26,921 | 24,494 | 12,783 | 11,892 |
Currency Exchange Gain (Loss) | 90,268 | -925,361 | -740,434 | -81,822 | -22,374 |
Other Non Operating Income (Expenses) | -4,015 | -4,302 | -2,554 | -1,105 | - |
EBT Excluding Unusual Items | 1,692,939 | -562,515 | -171,433 | 531,163 | 436,979 |
Gain (Loss) on Sale of Investments | 2,499 | 1,519 | 1,321 | 904 | 16 |
Gain (Loss) on Sale of Assets | 2,477 | 2,193 | 752 | 1,381 | 1,692 |
Asset Writedown | -672 | 1,117 | -4,221 | -761 | -500 |
Legal Settlements | -1,214 | 7,361 | -4,305 | -3,356 | - |
Other Unusual Items | - | - | - | -10,508 | -1,500 |
Pretax Income | 1,696,029 | -550,325 | -177,886 | 518,823 | 436,687 |
Income Tax Expense | 583,183 | -149,890 | -40,865 | 170,096 | 138,033 |
Earnings From Continuing Operations | 1,112,846 | -400,435 | -137,021 | 348,727 | 298,654 |
Minority Interest in Earnings | - | 987 | 3,180 | 2,655 | - |
Net Income | 1,112,846 | -399,448 | -133,841 | 351,382 | 298,654 |
Net Income to Common | 1,112,846 | -399,448 | -133,841 | 351,382 | 298,654 |
Net Income Growth | - | - | - | 17.66% | 45.53% |
Shares Outstanding (Basic) | 20,970 | 20,970 | 20,967 | 20,967 | 20,355 |
Shares Outstanding (Diluted) | 20,970 | 20,970 | 20,967 | 20,967 | 20,355 |
Shares Change (YoY) | - | 0.01% | - | 3.01% | - |
EPS (Basic) | 53.07 | -19.05 | -6.38 | 16.76 | 14.67 |
EPS (Diluted) | 53.07 | -19.05 | -6.38 | 16.76 | 14.67 |
EPS Growth | - | - | - | 14.22% | 45.53% |
Free Cash Flow | 1,662,866 | 529,001 | 611,246 | 536,927 | 513,791 |
Free Cash Flow Per Share | 79.30 | 25.23 | 29.15 | 25.61 | 25.24 |
Dividend Per Share | 20.000 | - | 5.600 | 15.600 | 13.120 |
Dividend Growth | - | - | -64.10% | 18.90% | 39.57% |
Gross Margin | 82.80% | 79.27% | 81.08% | 79.89% | 79.84% |
Operating Margin | 39.95% | 22.84% | 31.65% | 37.12% | 35.37% |
Profit Margin | 21.38% | -11.88% | -5.42% | 17.46% | 18.05% |
Free Cash Flow Margin | 31.95% | 15.74% | 24.76% | 26.68% | 31.06% |
EBITDA | 2,423,133 | 1,069,767 | 1,047,822 | 952,249 | 765,287 |
EBITDA Margin | 46.56% | 31.83% | 42.44% | 47.32% | 46.26% |
D&A For EBITDA | 344,213 | 302,194 | 266,388 | 205,289 | 180,202 |
EBIT | 2,078,920 | 767,573 | 781,434 | 746,960 | 585,085 |
EBIT Margin | 39.95% | 22.84% | 31.65% | 37.12% | 35.37% |
Effective Tax Rate | 34.38% | - | - | 32.78% | 31.61% |
Advertising Expenses | 58,333 | 45,129 | 50,902 | 31,958 | 21,453 |
Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.