MTN Nigeria Communications Plc released its unaudited financial results for the period ended September 30, 2025, showcasing impressive growth driven by strong topline expansion and improved cost efficiency.

The company’s earnings per share (EPS) jumped by 80.2x year-on-year to N15.99 in third quarter of 2025, with nine months  2025 EPS reaching N35.77.

The company declared a surprise interim dividend of N5.00 per share, translating to a yield of 1.0%.

Revenue expanded by 62.8% year-on-year, driven by broad-based growth across all business segments.

EBITDA margin grew by 15.31 percentage points year-on-year to 52.9%, reflecting strong revenue growth outpacing expenses.

Data remained the primary growth driver, supported by higher data usage, expanding user base, increased traffic, and price adjustments.

Precisely, data traffic grew by 36.3%, while average monthly usage per user rose by 17.9% to 13.2GB, reflecting sustained demand for digital connectivity.

At the same time, data subscribers increased by 12.8% to 51.10 million. Voice revenue growth reflected continued subscriber expansion (+10.9% y/y to 85.4 million, with +700.00 thousand net additions in Q3-25) and pricing adjustments.

Also, the digital segments benefited from increased engagement and targeted content offerings, while fintech revenue was supported by higher active wallets (+3.6% y/y to 2.90 million, with +200.00 thousand net additions in Q3-25), increased customer deposits, and higher interest income.