By Favour Pius
Nigeria’s largest telecom operator, MTN Nigeria Communications Plc, has reported a profit after tax of N546 billion for the first quarter of 2026, representing a 169 per cent increase compared to the corresponding period last year.
The company disclosed this in its unaudited financial results, which also showed that revenue rose to N1.5 trillion, driven by strong growth in data services, voice traffic and digital offerings.
MTN attributed the performance to sustained demand for connectivity and continued investment in network expansion, despite prevailing macroeconomic challenges, including inflationary pressures and foreign exchange volatility.
Earnings before interest, tax, depreciation and amortisation (EBITDA) also recorded significant growth, reflecting improved operational efficiency and cost management initiatives during the period.
Chief Executive Officer of the company, Karl Toriola, said the results underscore the resilience of the business and its ability to adapt to Nigeria’s evolving economic environment.
“We delivered a strong performance in the first quarter, supported by robust demand for data and disciplined execution of our strategic priorities,” he said.
He added that the company remains focused on expanding broadband access, enhancing customer experience and driving financial inclusion through its fintech services.
Industry analysts say the performance highlights MTN’s dominant position in the market, as well as the growing importance of data-driven revenue streams in Nigeria’s telecommunications sector.
The results come amid ongoing calls by operators for policy reforms to address structural challenges affecting the industry, including high operating costs and infrastructure deficits.
MTN reaffirmed its commitment to long-term growth, noting that it would continue to invest in capacity and innovation to meet rising demand and support Nigeria’s digital economy.
