The telecom powerhouse pulled in a massive ₦3.7 trillion in revenue and ₦1.1 trillion in pre-tax profit for Q3 2025. That’s a full comeback from the heavy foreign exchange losses that nearly wrecked its books just seven quarters ago. Now, dividends are flowing again, and investors are smiling like it’s 2019.
As usual, voice and data are the breadwinners. Data alone jumped 36% year-on-year, with 51.1 million active users. Total subscribers climbed to 85.4 million, and together, voice and data raked in about ₦3.2 trillion. But quietly, something new is stealing the show — FinTech.
MTN’s FinTech arm — home to Y’ello Digital Financial Services and MoMo Payment Service Bank — has become a serious growth beast. In just nine months, it brought in ₦131.6 billion, up a jaw-dropping 72.5% from last year. That’s around ₦43 billion every quarter — or ₦15 billion a month. To put that in street talk: some banks never see that kind of money.
If MTN’s FinTech division were a startup, it’d already be a unicorn — easily valued in the billions.
And it’s not luck. MTN has been playing a long game — using its 85.4 million subscribers (including 55 million data users) to build one of Nigeria’s deepest digital finance ecosystems. The playbook? Grow active wallets, boost transaction volumes, and keep people coming back with new financial services that stick.
By September 2025, active wallets hit 2.9 million, up 1.6% from December 2024 — a quiet sign that MTN’s digital money hustle isn’t just catching fire, it’s building roots.
In Yoruba we’d say, ọmọ tó mọ iṣẹ́ ọwọ́ baba rẹ̀, kì í jé kó bàjẹ́ — a child who understands his father’s craft won’t let it fail. MTN clearly understands its game.
