MTN Group has reported a strong financial rebound, recording $13.1 billion in service revenue and a pre-tax profit of $2.8 billion in 2025, marking a significant recovery from the $646 million loss the company posted in 2024.
The turnaround reflects improved conditions in key markets, particularly Nigeria and Ghana, alongside regulatory adjustments that allowed the telecommunications giant to strengthen its pricing structure and stabilise its financial performance.
Nigeria remained central to MTN’s recovery. Authorities approved a 50 per cent tariff increase for telecom services, a move operators had long argued was necessary to address rising operating costs, infrastructure investments, and persistent currency volatility. The adjustment provided relief to the industry and allowed MTN Nigeria to improve its revenue base after a period when inflation and exchange-rate pressures had eroded margins.
Equally important was the stabilisation of the Nigerian Naira, which helped reduce the foreign exchange losses that had weighed heavily on the company’s previous financial results. In 2024, currency depreciation had significantly distorted MTN’s earnings when local revenues were converted into reporting currency, contributing to the group’s overall loss that year.
Beyond Nigeria, MTN Ghana continued to show steady growth, reinforcing its position as the country’s leading telecommunications operator. Rising demand for mobile data services, digital platforms, and mobile money transactions helped sustain the company’s expansion in one of its most important West African markets.
Across the group’s footprint, increased smartphone adoption and growing reliance on mobile connectivity have continued to drive demand for both voice and data services. MTN has also expanded its focus on digital financial services and enterprise connectivity, areas that are becoming increasingly important as African economies deepen their digital infrastructure.
The company’s customer base grew to approximately 307 million subscribers, reflecting MTN’s scale as one of the largest telecommunications operators in emerging markets. Its network now stretches across multiple regions in Africa and parts of the Middle East, connecting individuals, businesses, and public institutions through voice, data, and digital financial platforms.
MTN operates in more than a dozen countries and remains a central player in Africa’s digital economy. The latest results suggest that, after a difficult year marked by currency pressures and regulatory challenges, the group has regained financial momentum and is positioning itself for continued growth across its core markets.
