MTN Nigeria Communications Plc reported a tax expense of N376.3bn for the nine months ended September 30, 2025, compared with a tax credit of N198.7bn in the same period a year earlier, according to its unaudited financial statements.
The report noted that the reversal in its tax position followed a strong recovery in profitability, with profit before tax rising to N1.13tn from a loss of N713.6bn in the corresponding period of 2024. After taxation, the company posted a profit of N750.2bn, against a loss of N514.9bn a year earlier.
The report by Punch newspaper on Monday stated that its revenue grew sharply to N3.73tn in the nine-month period, up from N2.37tn last year, while the operating profit climbed to N1.44tn, compared with N475.3bn in 2024, reflecting higher service income and improved efficiency across its core operations.
It added that finance income stood at N33.3bn, while finance costs rose to N404.2bn.
“The group also recorded a foreign-exchange gain of N55.6bn, a significant turnaround from a loss of N904.9bn a year earlier,” the report said.
GIK/APA