MTN Nigeria recorded a 55.3 per cent increase in profit after tax to N1.17tn in the nine months ended September 30, 2026, supported by higher revenue, improved operating margins and increased demand for data services.
The telecommunications company disclosed this in its unaudited financial results released on Friday, showing that profit after tax rose from N750.2bn recorded in the corresponding period of 2025.
Service revenue rose by 23.7 per cent to N4.6tn, while earnings before interest, taxes, depreciation and amortisation increased by 36.8 per cent to N2.6tn.
“Profit after tax grew by 55.3 per cent to N1.17tn, while earnings per share also increased by 55.3 per cent to N55.60. Free cash flow rose by 57.5 per cent to N1.17tn,” the report stated.
The performance came as the operator expanded its customer base to 94.7 million subscribers, including 57.2 million active data users, highlighting the growing contribution of internet consumption to its business.
