MTN Nigeria’s tax payments increase to N295.4bn in 9 months – Daily Trust

MTN Nigeria Communications Plc paid N295.4 billion in revenue taxes in the 9 months ended September 30, 2026, in contrast to N21.5 billion paid in the corresponding interval of 2025.

The determine, disclosed in the telecommunications firm’s unaudited monetary statements, represents almost 14 occasions the quantity paid in the identical interval final yr.

The increase in tax payments got here amid improved monetary efficiency, as the corporate’s revenue earlier than tax rose by 59.4% to N1.80 trillion from N1.13 trillion a yr earlier.

MTN Nigeria’s revenue tax expense additionally elevated by 67.6% to N630.5 billion, in contrast with N376.3 billion recorded in the corresponding interval of 2025.

However, the N295.4 billion paid in money was considerably decrease than the N630.5 billion tax expense recognised in the revenue assertion.

The distinction displays the excellence between tax bills recognised in opposition to earnings throughout a reporting interval and precise money payments made to tax authorities.

Also, the telecommunications firm’s efficient tax charge elevated to roughly 35.1% in the 9 months to September 2026, in contrast with 33.4% in the corresponding interval of 2025.

Revenue rises to N4.61 trillion as revenue grows

The agency recorded a 59.4% increase in pre-tax revenue to N1.80 trillion for the 9 months ended September 30, 2026, from N1.13 trillion in the corresponding interval of 2025.

For the third quarter alone, pre-tax revenue elevated by 39.6% to N704.1 billion from N504.2 billion in Q3 2025, because the telecommunications large sustained its earnings development.

The stronger income efficiency translated into larger profitability, with working revenue rising by 38.2% to N1.99 trillion from N1.44 trillion and revenue after tax rising by 55.3% to N1.17 trillion from N750.19 billion, whereas earnings per share rose to N55.60 from N35.80.

Data income elevated by 35.8% to N2.68 trillion from N1.98 trillion, accounting for 58.5% of whole service income.

Voice income elevated by 11.1% to N1.50 trillion from N1.35 trillion, whereas digital providers income rose by 24% to N88.3 billion from N71.2 billion.

Other service income, which incorporates enterprise-related providers, elevated by 21.3% to N219.2 billion.

However, fintech income declined by 25.9% to N97.5 billion from N131.6 billion, reflecting the non permanent suspension of the corporate’s airtime and information credit score service between April and June 2026.

Management defined that the service resumed beneath a brand new multi-partner mannequin, with income rising by 78.5% in the third quarter in contrast with the previous quarter.

MTN Nigeria’s cellular subscriber base elevated by 10.9% to 94.7 million from 85.4 million in September 2025.

Active information customers additionally elevated by 12% to 57.2 million, whereas common month-to-month information consumption per energetic person rose by 16.2% to 15.3GB.

The development in utilization contributed to a 30.1% increase in community information visitors, supported by better smartphone adoption and demand for broadband providers.

Commenting on the outcomes, MTN Nigeria’s Chief Executive Officer, Karl Toriola, highlighted the corporate’s improved third-quarter efficiency and stronger working margins.

“We delivered a very strong third quarter, reversing the temporary slowdown in Q2,” he mentioned.

Toriola famous that service income development accelerated in the course of the quarter, supported by larger buyer utilization, rising information adoption, and continued funding in community infrastructure.

According to him, “Growth is increasingly volume-led, driven by more users, deeper data adoption, higher usage and rising demand for home broadband, supported by continued investment in network coverage, capacity and quality.”

He additionally highlighted the group’s stronger monetary place, noting that its borrowings had been totally denominated in naira and carried mounted rates of interest.