MTN Nigeria Communications PLC (NGX:MTNN)
Nigeria flag Nigeria · Delayed Price · Currency is NGN
845.00
0.00 (0.00%)
At close: Aug 7, 2026

NGX:MTNN Financials Overview

Millions NGN. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
5,818,1265,204,4363,360,8302,468,8472,012,2721,654,299
Revenue Growth
38.49%54.86%36.13%22.69%21.64%22.87%
Gross Profit
4,826,2674,309,3342,664,1482,001,8451,607,6891,320,749
Operating Income
2,451,5582,078,920767,573781,434746,960585,085
Net Income
1,405,5311,112,846-399,448-133,841351,382298,654
Earnings Per Share
67.0353.07-19.05-6.3816.7614.67
EPS Growth
163.38%---14.22%45.53%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Wholesale Business Unit (WBU)
193,525240,690106,66165,84553,44547,672
Enterprise Business Unit (EBU)
636,856680,148631,332319,798221,478148,994
Consumer Business Unit (CBU)
4,987,8884,282,1192,620,4682,083,2041,737,3491,457,633
Total
5,818,2695,202,9573,358,4612,468,8472,012,2721,654,299

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
874,180794,756305,786352,330369,788318,555
Total Debt
2,777,7202,913,8983,256,3392,181,5801,349,6891,184,116
Net Cash (Debt)
-1,903,540-2,119,142-2,950,553-1,829,250-979,901-865,561
Net Cash Growth
------
Net Cash Per Share
-90.77-101.06-140.70-87.24-46.74-42.52

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
2,896,1732,316,901868,9011,004,243863,663774,067
Capital Expenditures
-1,035,421-654,035-339,900-392,997-326,736-260,276
Free Cash Flow
1,860,7521,662,866529,001611,246536,927513,791
Free Cash Flow Growth
162.81%214.34%-13.46%13.84%4.50%18.62%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
82.95%82.80%79.27%81.08%79.89%79.84%
Operating Margin
42.14%39.95%22.84%31.65%37.12%35.37%
Pretax Margin
37.22%32.59%-16.37%-7.21%25.78%26.40%
Profit Margin
24.16%21.38%-11.88%-5.42%17.46%18.05%
FCF Margin
31.98%31.95%15.74%24.76%26.68%31.06%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
26.00020.000-5.60015.60013.120
Dividend Per Share Growth
0%---64.10%18.90%39.57%
Dividend Yield
3.08%3.99%-2.19%7.98%7.85%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
12.619.63--12.4413.43
Forward PE
11.147.9321.9721.1810.2811.12
P/FCF Ratio
9.526.447.939.068.147.80
PS Ratio
3.042.061.252.242.172.42