Mtn Nigeria Communications Plc · NSENG:MTNN
Mtn Nigeria Communications — Q1 2026 Earnings Presentation
17 slides from Mtn Nigeria Communications's earnings presentation, May 2026
Slide 1: MTN Nigeria results presentation for the quarter ended 31 March 2026
MTN Nigeria results presentation for the quarter ended 31 March 2026
Slide 2: Disclaimer
Disclaimer The information contained in this document (presentation) has not been verified independently. No representation or warranty, ex press or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or op ini ons conta
Slide 3: Agenda
Agenda 01 Business Overview 02 Financial Review 03 Looking Ahead 04 Q&A 3
Slide 4: Business Overview
01 Business Overview Karl Toriola CEO
Slide 5: Key messages
Business Overview Financial Review Looking head Q&A Key messages 1 S olid topline growth reflecting strong underlying demand and disciplined commercial execution 2 Strong margin expansion underpinned by operating leverage and cost discipline 3 Robust cash flow generation, reinforcing our ability to
Slide 6: Operating Context
Business Overview Financial Review Looking head Q&A Operating Context Disciplined execution driving resilient performance in a dynamic operating environment Market Context Key Activities Solid Results Headline Inflation (%) Market Context Key activities Subscribers 1 Solid Results 27.4% 26.1% Accele
Slide 7: Key Financial Highlights
Business Overview Financial Review Looking head Q&A Key Financial Highlights Sustained profitability and strengthened financial position Growth Earnings Capex & Cash Flow Service + 41.8 % EBITDA + 68.1 % Capex +92.8% revenue N828.3bn (ex - leases) N390.3bn Data EBITDA + 8.7 pp Capex +6.8pp revenue +
Slide 8: Connectivity | Solid commercial momentum
Business Overview Financial Review Looking head Q&A Connectivity | Solid commercial momentum Strong commercial momentum underpinned by robust underlying demand Active Data Subscribers (m) Data Usage per Active User (GB ) Smartphone Penetration 5.5 pp 9.5 % 12.3 % 55.0 14.3 66.2% 50.3 60.7% 12.8 Q1 2
Slide 9: Fintech Progress
Business Overview Financial Review Looking head Q&A Fintech Progress Driven by strong core revenue growth, deeper ecosystem engagement and rising customer deposits Core fintech Revenue 1 (N’bn ) Customer Deposits (N’bn) 190.6% 91.7 % 4.3 18.9 9.8 1.5 Q1 25 Q1 26 FY 25 Q1 26 Active MoMo Wallets (m) 5
Slide 10: Fintech Structural separation
Business Overview Financial Review Looking head Q&A Fintech Structural separation Unlock capital, drive scale and create value Objective Benefits • Align with MTN Group Ambition 2030 Strategy • Reduce MTN Nigeria’s future funding obligations for fintech • Secure the funding runway fintech needs • Al
Slide 11: Financial Review
01 Financial Review Modupe Kadri CFO
Slide 12: Revenue, expense profile & cash flow generation
Business Overview Financial Review Looking head Q&A Revenue, expense profile & ca sh flow generation Strong operating leverage driven by topline growth and disciplined cost management Revenue ( N’bn ) Expenses ( N’bn ) EBITDA and capex (ex - leases) +41.6% +18.5% 46.6 % 55.3% EBITDA margin 19.1 % 26
Slide 13: Capital Structure
Business Overview Financial Review Looking head Q&A Capital Structure Continued balance sheet deleveraging, strengthening the capital structure and preserving financial flexibility Net Debt ( N’bn ) Tenor mix 1 Interest Cover 2 Net Debt/EBITDA 719.5 12% 18% 32% 82% 88% 68% - 107.5 - 129.0 Q1 26: - 0
Slide 14: Looking Ahead
03 Looking Ahead Karl Toriola CEO
Slide 15: Our priorities
Business Overview Financial Review Looking head Q&A Our priorities Driving growth through connectivity, fintech and digital infrastructure Digital Connectivity Fintech Infrastructure 1 2 3 4 5 Deliver Strong Accelerate Simplify Digital Drive Fintech Capture Data Growth in Owning the Experience Growt
Slide 16: Guidance
Business Overview Financial Review Looking head Q&A Guidance Medium - term guidance maintained within current macroeconomic assumption Medium Term KPI Guidance (FY 26 - 28) Service revenue growth At least low - 20% EBITDA margin Mid - high 50% Capex intensity Reducing Our medium - term guidance is b
Slide 17: Q&A
04 Q&A
MTN Nigeria Communications — Q1 2026 Earnings Presentation on 6ix