Karl Toriolaled Mtn Nigeria Posts 157 Billion In Halfyear Revenue

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MTN Nigerias H1 2025 revenue surged 54.5 to 1.57 billion, fueled by booming data, fintech, and voice services.

Profit after tax rebounded to 271 million, reversing a prior-year loss, driven by FX gains and cost discipline.

Mobile data and MoMo fintech revenue jumped over 70, as MTN deepens digital penetration and expands 4G coverage nationwide.

MTN Nigeria, the countrys largest telecom operator, reported a strong first half of 2025 under the leadership of CEO Karl Toriola, with revenue rising to 1.55 billion N2.38 trilliona 54.5 percent increase compared to the same period last year. The surge was fueled by growing demand for mobile data, voice services, and digital financial products, alongside targeted price reviews that helped support top-line growth.

According to the companys latest financial report , service revenue, which makes up the bulk of MTNs earnings, grew 54.6 percent to N2.36 trillion 1.54 billion. This jump was largely due to an 85.6 percent rise in data revenue and an 84.2 percent lift in fintech earnings, as the company ramped up its 4G coverage and expanded mobile financial services.

MTN also swung back into profitability, reporting a N414.86 billion 271 million profit after tax, a notable turnaround from a N519.06 billion 339.13 million loss in 2024. The recovery was supported by better foreign exchange conditions, tighter cost controls, and the companys pricing strategy.

Second quarter lifts full-year expectations

Much of the gains came in the second quarter, when MTN posted N1.32 trillion 862.28 million in revenueup nearly 68 percent from a year earlier. Data revenue rose to N701.11 billion 458.07 million, while voice services also grew strongly, helped by a 6.7 percent rise in MTNs subscriber base to 84.7 million users.

Fintech revenue nearly doubled in the quarter, growing from N25.57 billion 16.7 million in Q2 2024 to N47.1 billion 30.8 million. This growth was driven by the companys wider network coverage and rising smartphone use, especially in underserved parts of the country where mobile money services are gaining traction.