Mtn Nigeria Communications Plc · NSENG:MTNN
Mtn Nigeria Communications — 9M 2025 Earnings Presentation
18 slides from Mtn Nigeria Communications's earnings presentation, October 2025
Slide 1: Results for the nine months ended 30 September 2025
for Fhe nine months ended y 30 September 2025
Slide 2: Disclaimer
Disclaimer The information contained in this document (presentation) has not been verified independently. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained
Slide 3: Business Overview, Financial Review, Looking Ahead, Q&A
O1 Business Overview 02 Financial Review O3 Looking Ahead 04 Q&A
Slide 4: Business overview
Business overview Karl Toriola CEO
Slide 5: Key messages
Looking Ahead IN Sesnessovenvow > \ iene review > N eh > IN _ Key messages Restored positive retained earnings and shareholders’ equity Interim dividend of N5 per share, reflecting our ongoing commitment to delivering shareholder value Solid topline growth and efficiency drive improved margins and s
Slide 6: Operating context
N Business overview > N Financial review > Looking Ahead = ~~ > Xi, Operating context Improved operating conditions 27.5% ——_—_—_———— DAES 27.0% oo” 9.2% TEED 15368 1,529.7 5% 7.8% 4.2% 3.8% 18.0% 1,475.3 3.1% Jan Feb Mar Apr May Jun Jul Aug Sept Dec-24 Mar-25 Jun-25 Sept-25 Q4.2024 Qi 2025 Q2 2025
Slide 7: Key financial highlights
Business overview > N ~ \ iene review > IN Looking Ahead > IN oes > Key Financial highlights Sustained profitability and recovery in Financial position Service +123.0% Capex +248.0% revenue +57.5% EBITDA N1.9tn (ex-leases) N757.4bn EBITDA ° . revenue +73.2% margin a pp en ee ; y 20.3% Voice +257.8%
Slide 8: Connectivity: Solid commercial momentum
Business overview > Financial review > IN Looking Ahead \ =e \iY=s = > Connectivity | Solid commercial momentum Strong commercial momentum through demand resilience, network investments and disciplined execution 13.2 a9 12.2 4An7 a LI] 9M 24 9M 25 Q3 24 Q3 25 Sept-24 Dec-24 Sept-25 9M 24 9M 25 Q3 24
Slide 9: Fintech progress
Business overview > Looking Ahead N ~ \ iene review > N eh Fintech progress Focus on driving sustainable recovery in our fintech ecosystem > Ws 131.6 6.9 76.3 48.4 38 2 = C1 || 9M 24 9M 25 Q3 24 Q3 25 Sept-24 Dec-24 Sept-25 | Revenue (excl Xtratime) (N’bn) | Active MoMo Wallets (mn) 68 <p> 29 2.8 ao
Slide 10: FY 2025 Guidance
\ Financial review » Looking Ahead = Q&A > 7 Nae a FY 2025 Guidance Delivering well against our FY 2025 single-year guidance | KPI FY 2025 Single-Year Guidance 9M 2025 Performance We anticipate a moderation in our SRR Service C) At least low - 50% peseley revenue capex profile in Q4 to align with 6!
Slide 11: Financial review
— © Financial review Modupe Kadri CEO
Slide 12: Revenue growth and profitability
Business overview Financial review Looking Ahead > Q&A > Qe : QL inmcareview Ne Ke Revenue growth and profitability Sustained strong growth in service revenue and profitability (N’bn) (N’bn) (N’bn) CATS | 35.77 Se Cost to GENS 63.7% _ 3,731.0 revenue -15.1pp DPS3(N) 1,347.6 Voice +41.9% 2,370.2 1814
Slide 13: Capital structure
Business overview) \ Financial review » Looking Ahead Q&A > Ke = UZ a Capital structure Reduced market risk exposure by deleveraging the balance sheet, maintaining comfortable debt metrics within covenant levels Net Debt (N’bn) Tenor mix 719.5 76% 171.0 Dec-24 Sept-25 Dec-24 Sept-25 =ShortTerm = Lon
Slide 14: Looking ahead
Looking ahead Karl Toriola CEO
Slide 15: Q4 2025 priorities
A Business overview > Financial Review > Looking Ahead =» IN Q&A > \ ~ = Q4 2025 priorities Focus on building on the strong momentum achieved in the first nine months Drive usage and base growth through new propositions and market expansion initiatives Deliver differentiated customer experience and
Slide 16: Medium-term guidance framework
Business overview ) \ Financial Review » Q&A > Nee Guidance Medium-term guidance framework KPI | | ny Based on current economic assumptions: SYA service At least low-20% * Easing of average ERR inflation rates to below the 20% levels Ol . @s EBITDA 53-55% Exchange rates Ye Margin remaining in the N1
Slide 17: Slide 17
Slide 18: Foday.
Foday.
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