MTN Nigeria Communications Plc has hit record N1.09 trillion profit before tax of for the first half of 2026, representing a 75.4% year-on-year increase, its highest half year performance driven by strong data demand, improved operating efficiency and lower borrowing levels boosted earnings.
The telecommunications giant also recorded a 25.9% increase in its revenue to N2.99 trillion despite a challenging macroeconomic environment, according to its unaudited financial statements for the six months ended June 30, 2026, filed with the Nigerian Exchange (NGX) on Thursday, July 30.
Profit after tax also rose sharply by 70.6% to N707.5 billion. As a result, the Board of Directors has approved an interim dividend of N26 per share, payable on September 7, 2026, to shareholders on the register as of August 20, 2026.
The company’s balance sheet also strengthened during the period, with shareholders’ equity rising 69.6% to N930.6 billion, while earnings per share increased 70.6% to N33.76.
