MTN Q2 Revenue Soars, Shares Up 300% Since December
MTN Nigeria’s stock continues to defy gravity, hitting record highs on investor optimism and rapid telecom expansion.
Quick overview
- MTN Nigeria's stock has surged 300% over seven months, reaching a record high of ₦498 amid strong investor optimism.
- The company reported a 180% increase in net income for H1 2025, with revenue growing to N2.38 trillion, reflecting robust performance.
- Recent upgrades to 4G+ networks are expected to enhance data services and attract more users, supporting future growth.
- Investors are optimistic about MTN's upcoming Q2 earnings, driven by previous strong results and ongoing tariff hikes.
MTN Nigeria’s stock continues to defy gravity, hitting record highs on investor optimism and rapid telecom expansion.
MTN Nigeria Sets New Highs as Earnings Optimism Builds
MTN Nigeria Plc has posted one of the strongest stock rallies on the Nigerian Exchange this year. From just ₦168 in early December 2024, the telecom giant’s share price has surged to an all-time level high of ₦498 this week—marking an impressive 300% gain over seven months after releasing the Q2 report, as MTN Nigeria’s net income grew 180%, hitting N414.9bn while reporting HY revenue 2.378 tln naira, PBT 622.26 bln naira
MTNN Chart Weekly – Unbelievable Rally as Prices Increase and Earnings Soar
Yesterday’s trading session was especially notable: the stock jumped as much as 17% so far this week to ₦498 before settling at ₦471. This surge came just ahead of the MTN Group’s upcoming second-quarter earnings release, sparking heavy buying across the board.
Technical Breakout Signals Strong Momentum
After consistently pushing through multiple resistance levels, MTNN shares broke above ₦420, setting a fresh record high, according to data from the Nigerian Exchange (NGX). The sustained upward momentum has been underpinned by both technical strength and growing confidence in MTN’s earnings power.
MTNN Chart Monthly – The Rally Has Exceeded All Expectations
A wave of telecom stock buying hit the exchange on Monday, with MTN rising ₦10 (2.5%) on the day as investors resumed accumulation after two weeks of sideways consolidation.
Investors Were Expecting Strong Q2 After Price Hikes and Sector Resilience
Investors are returning to the telecom sector in anticipation of another solid earnings season. Following previous strong financial results and continued tariff hikes by major operators, expectations for MTN Nigeria’s Q2 report are high.
In a challenging consumer environment marked by inflation and rising costs, telecoms have remained resilient—passing costs onto users and benefiting from non-cyclical demand. MTN’s consistent performance and pricing have added to the bullish sentiment from investors for MTNN shares.
Key Takeaways from MTN Nigeria’s H1 2025 Earnings
Strong Revenue Growth: MTN Nigeria posted revenue of N2.38 trillion for H1 2025, a 54% year-on-year increase from N1.54 trillion in H1 2024.
Robust Data Performance: Data revenue grew sharply to N1.23 trillion, up from N726.6 billion a year ago, reflecting increased user demand and improved network performance.
Return to Profitability: Earnings per share rebounded to N19.78, a dramatic turnaround from a loss of N24.71 per share in H1 2024.
Operating Profit Surged: Operating profit skyrocketed 193% YoY, rising to N892.8 billion from N304.5 billion in the same period last year.
Pre-Tax Profit Reversal: Pre-tax earnings jumped to N622.3 billion, compared to a loss of N751.3 billion in H1 2024—an improvement of 183%.
FX Losses Contained: A key driver of the turnaround was a sharp reduction in net foreign exchange losses, which had weighed heavily on 2024 results.
4G+ Expansion Suggests Growth Outlook
Supporting the fundamental story, MTN Nigeria recently launched upgraded 4G+ networks across key cities, including Lagos, Abuja, and Port-Harcourt. According to a company statement, the rollout is part of its commitment to deliver superior data and connectivity services to more Nigerians.
The improved 4G+ coverage is expected to attract more users and support higher data revenues, positioning the company well for further growth amid intensifying digital demand across the country.
Conclusion: MTN Nigeria’s H1 2025 results signal a major recovery, propelled by exceptional revenue growth and a dramatic decline in FX-related losses. With strong momentum in data services and improved earnings quality, the company appears well-positioned for sustained profitability in the second half of the year.
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