MTN Nigeria has posted a profit after tax of N355.5 billionn in the first quarter of 2026, up 165.9 per cent year-on-year.
This was contained in the company’s unaudited results, made public.
MTN Nigeria warned that higher energy prices could weigh on earnings in the coming quarters.
The telecom operator said it expects a 1.8 to 2.0 percentage point decline in full-year Earnings Before Interest, Taxes, Depreciation and Amortisation margins if diesel prices average N2,000 per litre in the second half of the year.
The country’s biggest telco with 89.5 million subscribers, operates more than 20,000 base stations nationwide, most of which depend on diesel generators because of unreliable grid power.
“We continue to monitor developments in the operating environment, including energy price volatility and regulatory dynamics,” Chief Executive Officer Karl Toriola said in the Q1 report.
Toriola added that based on an assumed average Lagos ex-depot diesel price of N2,000 in H2, we estimate a 1.8–2.0 percentage point impact on full-year EBITDA margin.
