MTN Nigeria Posts ₦1.17tn Nine-Month Profit as Data Revenue Drives Growth

MTN Nigeria reported ₦4.61 trillion in revenue and ₦1.17 trillion profit after tax for the nine months ended 30 September 2026. Revenue rose 23.6%, while profit after tax increased by 55.3%, supported by strong data-service demand, operating leverage and foreign-exchange gains. Operating cash flow reached ₦2.31 trillion, but major network investment and a ₦859.7 billion dividend payment contributed to a net cash decline. The company also reported total assets of ₦5.97 trillion, liabilities of ₦5.13 trillion and equity of ₦843.9 billion. Investors will be watching rising employee costs, higher impairment losses, the decline in active MoMo wallets after a platform migration, and the pending separation of the fintech business. MTN’s shares may benefit if data growth remains strong, costs stay controlled and macroeconomic conditions improve.

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