MTN NIGERIA RELEASES U N AU DITE D FI N AN CIA L RESULTS FOR THE FIRST QUARTER ENDED 31 M A R C H 2026
Lagos | Nigeria: 29 April 2026
MTN Nigeria Communications Plc releases financiaI resuILs for the quorLer ended 31 Ma rch 2026.
Soliens poinLs:
TogoI subscribers increased by 6.5% Lo 89.5 million
Active data users increased by 9.5% Lo 55.0 million
Service revenue increased by 41.8% Lo N1.5 trillion
EBITDA increased by 68.1% Lo N828.3 billion
EBITDA margin increased by 8.7pp Lo 55.3%
PAT rose by 165.9% Lo N355.5 billion
Earnings per share rose by 166.1% Lo N16.95
Capex, excluding leases, up by 92.8% Lo N390.3 billion
Free cash fow (FCF) of N326.5 billion, up 55.6%
Unless otherwise stated, financial and non-financial information is year-on-year (YoY, Q1 2026 versus Q1 202Sj. QoQ - QJ 2026 versus Q4 2025
EBITDA - earnings before interest, fax, depreciation and amortisation pp - percentage points
PAT - prof"it after tax Capex - capita/ expenditure
Free cash f"Iow - EBITDA less cash-related capex and accounting f"or working capital movements, income tax and interest paid
Subscribers exc/ude non-revenue-generating customers whose ocf/v//y is limited fo receiving incoming on-nef voice calls and SMS, and usinp f"ree data
CEO's Commentary - Karl Toriola: "The firsf quarter of 2026 underscores fhe sfrengfh of our execution and fhe resilience of our business model in a complex and evolving operating environmenf. Elevated geopolifical Pensions towards fhe end of fhe period drove higher energy prices and renewed inflationary pressures. Encouragingly, fhis was parfly mifigafed by a relatively stronger naira, which closed af N1,387/US$ (December 2025: N1,436/US$).
Wifhin fhis confexf, we sustained sfrong commercial momenfum, mainfained disciplined cosf managemen I and accelerated invesfmenI in our network-franslafing underlying demand info robusf financial performance and confinued value creation. As a resulf, we delivered service revenue growfh and EBITDA margin performance in line wifh our medium-ferm guidance.
Strong commercial and financial performance
Commercial performance remained sfrong, underpinned by robusf underlying frends across customer additions, consumption patterns, and dafa traffic. We added 2.3 million revenue-generating subscribers and 1.8 million acfive dafa users in Q1, while dafa fraFTic grew by 22.9%.
To support fhis momenfum, we invested N390.3 billion in capex excluding leases, prioritising network capacity and qualify of experience. The more supportive FX backdrop enabled us fo accelerate fhis invesfmenf while sfrengfhening our ability fo capture fufure revenue opporfunifies.
Service revenue rose by 41.8%, led by data and supported by voice, Fintech and digital services. Although reported growth was moderated by fhe base eFTect oT fhe price adjustments implemented from mid-Q1 2025, underlying demand remained sfrong, and we expecf growfh to normalise as fhose adjustments become Tully annualized from Q2 2026.
Despite a challenging cosf environment, strong operational discipline kept operating expenses (opex) well contained, delivering meaningful operating leverage. EBITDA increased by 68.1%, and EBITDA margin expanded by 8.7 percentage points fo 55.3%, in line with our medium-term guidance oT a mid-to-high 50% margin range. As a resulf, PBT rose by 169.6% fo N546.4 billion. Importantly, cash generation remained robusf, wifh free cash flow up 55.6% to N326.5 billion, reinforcing our ability fo Fund priority investments, maintain financial resilience and continue to create value for stakeholders.
Outlook
Looking ahead, we remain confident in fhe sfrucfural demand drivers underpinning our business, while recognising fhaf fhe operating environmen I will remain dynamic. We will confinue fo prioritise network invesfmenI and customer experience, ensuring we are well-positioned fo capture growfh opporfunifies."
Perl°ormo nce highlights
IFerns (in millions) | OI 2026 | 0 1 2025 | yoy | Q4 2025 | QoQ |
Torol Revenue | 1,498,322 | 1,057,973 | 41.6% | 1,471,954 | 1.896 |
Service Revenue | 1,489,017 | 1,049,736 | 41.8% | 1,464,217 | l.7% |
DoLa | 827,152 | 529,440 | 56.2% | 804,766 | 2.8% |
Voice | 499,101 | 407,412 | 22.5% | 502,541 | (0.7%) |
DipiLaI | 29,278 | 26,125 | 12.1% | 28,236 | 3.7% |
FinLech | 64,188 | 36,081 | 77.9% | 59,657 | 7.6% |
Other Service Revenue | 69,298 | 50,677 | 36.7% | 69,017 | 0.4% |
Non-Service Revenue' | 9,305 | 8,237 | 130% | 7,737 | 20.3% |
Expenses | (670,026) | (565,227) | (18.5%) | (646,424) | (3.7%) |
Cost of Soles | (195,671) | (156,544) | (25.0%) | (185,280) | (5.6%) |
OperaLing Expenses | (474,355) | (408,683) | (16.1%) | (461,144) | (2.9%) |
EBITDA | 828,296 | 492,746 | 68.1% | 825,530 | 0.3% |
EBITDA I 1arain | 55.3% | 46.6% | 8.7pp | 56.1% | (0.8pp) |
Depreciation & AmorLisaLion | (195,991) | (150,027) | (30.6%) | (187,799) | (4.4%) |
NeL Finance Costs | (85,884) | (140,070) | 38.7% | (68,140) | (26.0%) |
ProFiL/(Loss) BeFore Tax | 546,421 | 202,649 | 169.6% | 569,591 | (4.1%) |
TaxaLion | (190,920) | (68,966) | (176.8%) | (206,928) | 7.7% |
ProFiL aFLer Tax | 355,500 | 133,683 | 165.9% | 362,663 | (2.0%) |
Capital Expenditure | 482,731 | 436,372 | 10.6% | 345,568 | 39.7% |
CapitaI Expenditure excluding Right oF Use Assets | 390,280 | 202,417 | 92.8% | 245,631 | 58.9% |
Capex InLensiLy excluding Right oF Use Assets | 26.0% | 19.1% | 6.8pp | 16.7% | 9.3pp |
Free Cosh Flows | 326,468 | 209,866 | 55.6% | 482,227 | (32.3%) |
Mobile Subscribers | 89.5 | 84.1 | 6.5% | 87.3 | 2.6% |
DoLo Subscribers | 55.0 | 50.3 | 9.5% | 53.2 | 3.4% |
MoMo Waliens | 3.3 | 2.1 | 54.6% | 3.7 | (12.3%) |
'includes revenue from the sale of devices and Sli I cords
Segment performance
Our revenue seamenL performance in the period reflects strong underlying demand and disciplined commercia I execuLion.
Doha revenue increased by 56.2%, supported by a 9.5% increase in active data subscribers, a
5.5pp rise in smartphone peneLraLion Lo 66.2% and higher customer usage. Data traffic grew by 22.9%, while average usage per subscriber rose by 12.3% Lo 14.3GB, underscoring continued demand for reliable, high-speed connecLiviLy.
Home broadband remains an imporLanL growth opporLuniLy. Our multi-technology sLraLegy across fibre-Lo-the-home (FTTH) and fixed wireless access (FWA) enables us Lo serve a broad range of customer needs, with FTTH remaining a key invesLmenL priority.
Voice revenue grew by 22.5%, su pporLed by subscriber growth and LargeLed customer vaIue management iniLialives. DigiLaI revenue increased by 12.1%, driven by mobile advertising and rich media services, reflecting improved plaLl°orm capability and customer engagemen L.
Enterprise revenue declined by 5.9%, primarily due Lo a higher comparaLive base aI°Ler last yeors servce-bunde opNmisoWon. The opNnnisoWon nos o deliberofe sfotepy to protect long-termvolue,vvhileñxedconnecWvityondconverpedsoluNonsconNnuedfodeliverheoRhy growth.FinLech revenue increased by 77.9%. Excluding XLra time, core fin Tech revenue increased by 190.6%, su pporLed by higher deposit balances, stronger adoption of advanced services and increased inLeresL income.
OveraII, performance across our seamenLs reinforces confidence in our sLradefy and our ability Lo deliver susLainable growth and long-term value creaLion.
Finoncio I reviewOur Q1 2026 financial performance reflects strong operating leverage, disciplined cost management, and continued ba lance-sheet opLimisaLion.
Cost oF so les increased by 25.0%, well below service revenue growth, su pporLing a stronger gross marain profile.
Opex growth was contained aL 16.1%, despite higher energy prices late in the quarter. This supported robust EBITDA growth of 68.1% Lo N828.3 billion, with EBITDA margin expanding by 8.7pp Lo 55.3%.
The energy componen L of our Lower lease costs is based on the prior quorLer's average Lagos ex-depot diesel price. For conLexL, assuming an average Lagos ex-depot diesel price of N2,000 in H2, given ChaL Q1 and Q2 costs are locked in, we eskimo Le a 1.8-2.Opp impact on I°uII-year EBITDA ma rain.
DeprecioLiona nda morLisoLion increased by 30.6%, led by increased network invesLmen Ls and richL-of-use assets. Net l°inonce costs declined by 38.7% on lower borrowings. We have I°uIIy repaid aII ouLsLanding I°oreign currency loans (Dec 2025: US$105 million), reducing FX sensiLiviLy and funding risk.
These dynamics LranslaLed into stronger earnings and a more resilient financia I profile. Consequently, we closed the quarter with retained earnings of N755.7 billion, up 88.7% (December 2025: N400.4 billion) and shareholders' equity of N903.9 billion, up 64.7% (December 2025: N548.7 billion), reinforcing balance sheet resilience and capitaI flexibility.
Reported copex rose by 10.6%. Excluding leases, capex increased by 92.8% (capex inLensiLy: 26.0%), driven by acceleraLed invesLmen L Lo su pporL doLa-bra ffic growth and improve service quolily. We expect capex indensity Lo moderaLe la her in the year Lo a lien with our fuII-year objectives.
We ended the quarter with a positive net cash position of N129.0 billion, up 23.1% (2025: N104.8 billion). Covenant headroom remained strong, with net debt/EBITDA aL negative 0.1x and inLeresL cover aL 35.6x. Overall, we remain well-positioned with ample liquidity and disciplined capital management. These fundamentals underscore our capacity Lo pursue our growth ambitions while preserving the flexibility Lo navigate a dynamic macro environment.
Recent Developments
SLrucLurol separation oL the LinLech business
MTN Nigeria is progressing with the sLrucLura I separation of its finLech businesses, MoMo Payment Service Bank Limited and Y'ello Digital Financial Services Limited, through a proposed related party LransacLion with MTN Group FinLech Holdings B.V. ("MTN Group FinLech"). Under the proposed LransacLion, MTN Group FinLech will acquire a 60% inLeresL, with MTN Nigeria retaining 40%. The LransacLion also involves a capital injection of N152.1 billion by MTN Group FinLech in line with the agreed LransacLion terms and valuation framework set out in the explanatory note circulaLed in connection with the Annual General Meeting (AGM). Click here for details.
The LransacLion is expected Lo reduce MTN Nigeria's fuSure funding obligations, sLrengLhen balance sheet flexibility and aIlow increased focus on core connecLiviLy and digiLaI infrasLrucLure, while retaining exposure Lo fin Tech growth. The proposed LransacLion will aIso simplify governance of the fin Tech business. IL is su bjecL Lo shareholder approve I a L the AGM scheduled for 30 April 2026, as well as relevant regulatory approve Is.
Suspension ofXtroWme
MTN Nigeria Lempora rily suspended its airtime and doLa credit advance service ("XLra time"). This rela Yes Lo the implemenLa Lion of processes under the DigiLaI, Electronic, Online or Non-TradiLionaI Consumer Lending Regulations, 2025, which inProduced a new compliance and licensing framework for enLilies providing digiLaI or non-LradiLiona I consumer credit services.
We a re advancing the onboarding of approved providers and expect Lo resume the service once onboarding is completed. In the interim, customers conLinue Lo have access Lo a IJennaLive digiLaI channels for airtime and doLa purchases.
Following the iniLiaI impact of the suspension, recharoe paLLems have conLinued Lo normalise as affecLed customers seLLIe ouLsLanding balances and mainLain service usage. This has supporLed a progressive recovery in revenue driven by higher sel f-funded recharyes.
We continue Lo monitor these trends closely and will provide further upda Yes in Q2. Based on current recovery trends, we do not expect any maKerioI financiaI impact as we fast-track the required processes Lowa rd service resumption.
OutlookLooking ahead, we remain confiden L in the sLrucLuraI demand drivers underpinning our business, including rising doLa adoption, increasing smarLphone peneLraLion and the continued acceleration of digiLalisaLion across Nigeria. While the operaLing environment is expected Lo remain dynamic, our strong markeL position, resilient business model and disciplined execuLion provide a solid foundation Lo naviQaLe nea r-term uncerLainLies.
We will conLinue Lo prioritise LargeLed network invesLmen L Lo su pporL growth and further enhance the quolily of experience, while maintaining a sha rp focus on cost discipline, capitaI efficiency and balance sheet sLrengLh. These priorities remain cenLraI Lo our operaLing model as we continue Lo convert underlying demand inLo susLainable fi nanciaI performance.
We continue Lo monitor developments in the operating environment, including energy price voIaLiIiLy and regulatory dynamics. Based on an assumed average Lagos ex-depot diesel price of N2,000 in H2, given LhaL Q1 and Q2 costs are already locked in, we esfiimaLe a 1.8-2.Opp impact on full-year EBITDA margin.
Within our medium-term guidance I°ramework, we maintain our LargeL average service revenue growth of "a I least the low 20%", as the impact of price adjusLmenLs becomes fuIly an nua lised by Q2 2026. We a Iso maintain our mid-Lo-high-50% EBITDA ma rain LargeL range. This guidance is based on currenL macroeconomic assumptions, includinQ average inFlaLion remaining within the mid-teens and exchange ra Yes in the N1,400-1, 700/US$ range.
Overall, we remain confident in our ability Lo adapt swiftly, capture emerging growth opporLuniLies, and deliver sustainable long-term value for shareholders while supporting Nigeria's ongoing digital and economic LransformaLion.
Karl OluLokun Toriolo
Chief ExecuLive Officer
ConLocL
Chimo Nwookomo
Snr. Manager, Investor Relations MTN Nigeria Communications Plc Telephone: +234 803 200 0186 Email:
About MTN NigeriaFunso Aino
Snr. Manager, ExLernaI Relations MTN Nigeria Communications Plc Telephone:+234 803 200 4168 Email:
MTN Nigeria is one of AI°rica's la rgesL providers of communications services, connecking over 85 million people in communities across the coun try with each other and the world. Guided by a belief ChaL everybody deserves the benefits of a modern connecked life, MTN Nigeria's leadership position in coverage, capacity, and innovaLion has remained consLan L since its launch in 2001. MTN Nigeria is parL of the MTN Group - a mulNinaFionaI Lelecommunica tions group which opera Yes in 16 countries in Africa and the MiddIe East, serving over 300 million people.
Visit https://www.min.np for more inform aLion
MTH
I'•ITN Nij¿eria Communications Plc
Uno udifed Financia I resulIs for the First quo rfer ended 31 Morch 2026
Consolidated and separate s£oLemen£ oF profit or loss | ||||
Group | Company | |||
In millions of Nigerian Naira | 3 months ended 31 I"Ior 2026 | 3 months ended 31 I"Ior 2025 | 3 months ended 31 I"4or 2026 | 3 monfhs ended 3I Hor 2025 |
Revenue | 1,498,322 | 1,494,2S5 | 1,057,352 | |
Direct nefworkinp operoLinp costs | (317,893) | (337,375) | (317,893) | (337,375) |
Value added services | 18,553) | (11,937) | (18,551) | (11,937) |
Cost oF shorter packs, handsets and accessories | (14,462) | (11, 666) | tl4,462) | {11,666) |
InLerconnecl" cosfs | (48,OOSJ | (S2,9OI) | (48,005) | (52,901) |
Roaming costs | (2,772) | (2,931) | (2, 772) | (2,931) |
Transmission costs | (9,266J | (8,994) | (9,266) | (8,994) |
Commissions | (71,I69J | (49,S42) | (69,598) | (49,830) |
Advertisements, sponsorships and soles promotions | 18,089) | (9,569) | (16,620) | (9,220) |
Employee cosfs | (65,8031 | (24,061) | t63,285) | (23,687) |
Impoirmenf oF financial ossefs | (624) | (9SO) | (26,145) | (950) |
Other operoLinp expenses | (103,390) | (55,301) | tl0l,78l) | (54,537) |
Depreciation oF properly and equipment | (102,912) | (68,298) | (102,912) | {68,298) |
Depreciation oF riphL oF use assets | (69,673J | (6O,89S) | (69,673) | (60,895) |
Amortisation of in Tangible assets | (23,406) | (20,834) | (23,029) | (20,457) |
OperoLinp proFiL | 632,305 | 342,719 | 610,263 | 343,674 |
Finance income | 24,081 | 7,332 | 22,119 | 4,892 |
Finance costs | (143,269) | (141,877) | (143,022) | (141,565) |
Net Foreign exchange poin/(loss) | 33,304 | (S, 52S) | 33,054 | (5,477) |
Prorit beFore I-oxoI-ion | 546,421 | 202,649 | 522,4Z4 | 201,524 |
Tax (expense)/credit | (l9O,920) | (68,966) | tl9O,9l3) | (68,904) |
front for fhe period | 355,501 | 132,620 | ||
Earnings/(loss) per shore - basic/diluted (N) | 16.95 | 6.37 | 15.81 | 6.32 |
Consolidofed and separate s£ofemenf oF ofher comprehensive income | ||||
Group | Compony | |||
In millions of Niyerion Notre | Mor2O26 | 3MONFhS f•4or 2025 | 3 months ended 3l t•ior 2026 | 3mon€hs ended zi Mor2O2S |
f•ro ftI Yer the period | 355,501 133, 683 331,501 132,620 | |||
Items fhof moy be reclassified to profit or loss, (net of foxofion): Foir voluofion (loss)/goin on investments of FVOCI to) Other comprehensive (loss)/income for the period; net of mention TotoI comprehensive income/t loss) | (591 31 (lOlJ 38 (59J 31 (101J 38 133,71# 331,400 132,658 | |||
(a) Koir valuation gain or loss on invesfmenLs desiqnofed aL Fair volue Through other comprehensive income (KVOCI) relaxes fo Federal Government freasu ry bills and bonds invesPmenfs and ids recognised new or tax (except For Federal Government bonds). | ||||
MTN
Unaudifed Financia I results for the First quarter ended 31 March 2026
ConsoWdoled ond seporo es€o emen€ofMnoncolposiWonfor€he hreemon hsended 31 Morch2026 | ||||
Group | Company | |||
In millions oF Nij¿erion Naira | 31 Mor 2026 | 3l Dec 2025 | 31 Mar 2026 | 31 Dec 2025 |
Assefs | ||||
Non-current assets | ||||
Properly and equipment | 2,ll3,6O7 | 1,853,524 | 2,113,607 | 1,853,524 |
Rij¿hf-oF-use assets | 1,739,656 | 1,716,877 | 1,739,656 | l, 716,877 |
Imany ible assets | 425, 147 | 421,410 | 422,461 | 418,347 |
Invesfmenfs in su bsidiories | 45,386 | 45,386 | ||
Orher non-current invesrmenrs | 11, 238 | 17,812 | 6,251 | |
DeFerred box assets | 132,039 | 93,629 | 132,022 | 93,612 |
Other non-current assets | 72, 287 | 46,149 | 72,287 | 46,149 |
4,493,974 | 4,149,401 | 4,525,419 | 4,180,146 | |
Current ossefs | ||||
InvenLories | 19,441 | 23,298 | 19,441 | 23,298 |
Trade and other receivables | 369,384 | 397,029 | 376,567 | 433,716 |
Current invesfmenfs | 364,407 | 162,205 | 314, 198 | 116,893 |
ResLricfed cosh | 94,083 | 37,707 | 93,883 | 37,507 |
Cosh held For MoMo customer | 1,188 | 1,298 | ||
Cosh and cosh equivalents | 506,716 | 632,501 | 504,395 | 630,219 |
1,355,219 | 1,254,088 | i,3O8,484 | 1,241,633 | |
Total ossefs | 5,849,193 | 5,403,489 | 5,833,903 | 5,42i,779 |
Equify and liabilities | ||||
Equify | ||||
Share capital | 420 | 420 | 420 | 420 |
Shore premium | 166,362 | 166,362 | 166,362 | 166,362 |
Orher reserves | (14,490) | (14,431) | (31,977) | (31,876) |
Shares held For employee share scheme | (4,041) | (4,041) | (4,041) | (4,041) |
Retained profit | 7S5, 689 | 400,402 | 789, 136 | 457,570 |
903,940 | 548,712 | 919,900 | 588,435 | |
Liabilities | ||||
Non-current liobiliLies | ||||
Borrowings | 314,966 | 419,572 | 314,966 | 419,572 |
Lease liabilities | 2,092, 157 | 2,l 17,047 | 2,092, 157 | 2,117,047 |
Provisions | 53 | 52 | 53 | 52 |
Shore based payment liobilil y | 77,878 | 44,354 | 77,878 | 44,354 |
Employee beneFiLs | 14,504 | 13,699 | 14, 504 | 13,699 |
Ofher non-current liabilities | II, 668 | II, 634 | 2,299 | 2,354 |
2,5l1,226 | 2,606,358 | 2,501,857 | 2,597,078 | |
Current liobiliLies | ||||
Trade and other payables | 1,249, 109 | 1,317,659 | 1,249,547 | 1, 319,134 |
Borrowings | 62,737 | 108,097 | 62, 737 | 108,097 |
Lease liabilities | 289,964 | 269, 182 | 289,964 | 269,182 |
ConLracI• IiobiliLies | 139,337 | 138, 138 | 139,337 | 138,138 |
Current rax payable | 584,652 | 355, 175 | 584, 124 | 354,801 |
Provisions | 76,579 | 39,177 | 75, 645 | 37,545 |
Derivolives | 1,872 | 2,224 | 1,872 | 2,224 |
Deposit held For MoMo customers | 18,868 | 9,842 | ||
Employee beneFiLs | 7,825 | 6,003 | 7,825 | 6,003 |
Ofher curre nf lia bilifies | 3,084 | 2,922 | 1,095 | 1, 142 |
2,434,027 | 2,248,419 | 2,412,146 | 2236,266 | |
Total liabilities | 4,945,253 | 4,854,777 | 4,914,003 | 4,833,344 |
Total equify and liabilities | 5,849,193 | 5,403,489 | 5,833,903 | 5,421,779 |
MTN
I'•ITN Nij¿eria Communications Plc
Unaudifed Financia I results for the First quarter ended 31 March 2026
Consolidated and separate sLoLemenL oF cosh glows | ||||
Group | Company | |||
In millions oF Nigerian Naira | 3 monlhs ended 31 Mar 2026 | 3 monfhs ended 3I t'1or 2025 | 3 monlhs ended 31 Mar 2026 | 3 monfhs ended 32 PIor 2025 |
Cosh l'Iows From operaIing oclivilies | ||||
Cosh generated From operations | 854,605 | 538,396 | 852,519 | 528,108 |
Finance income received | 20,305 | J',20l | 18,343 | 4,762 |
Finance cosfs paid | (110,809) | (IOl,444J | {I 10,809) | (101444) |
Tax paid | (3,116) | (3,116] | ||
Nef cosh generaled From operaIing oclivilies | 764,IOI | 441,037 | 760,053 | |
Cosh Flows From investing oc£ivi£ies | ||||
Acquisition oF property and equipment | (428,045) | (I74,3IO) | {428,045) | (l74,3lO) |
Prepayment oF right oF-use-assets | (4,147) | (32,295) | (4, 147) | t32,295) |
Acquisifion oF intangible assets | (6,329) | (23,042) | (6,329) | (23,042) |
Proceeds From sole oF property and equipment | 865 | 456 | 865 | 456 |
Addition fo confrocl acquisition costs | (3,350) | (1, S13) | (3,350) | (1,513) |
(Increase)/decrease in restricted cosh | (25,370) | 18,398 | (25,370) | 18,398 |
Purchase oF invesLmenL in non-current FGN bonds | tl,054) | |||
Sole oF invesLmenL in non-currenl FGN bonds | 6,871 | 289 | 6,273 | 289 |
Purchase of bonds, treasury bills and foreign deposits | (340,972) | tl6,394) | t254,249) | (4,343 |
Sole oF bonds, Treasury bills and Foreign deposits | 1#3,86O | 61,652 | ||
Prepaid rood invesLmenf box credit cosl | (2S,58I) | (1,032) | (25,587) | (1032] |
Net cosh Flows used in investing oc£ivi£ies | (682,20#) | {230,497} | (678,287) | (*17,392) |
Cosh Flows From rinoncinq ocLiviLies | ||||
Proceeds From borrowings | 5,024 | 5,024 | ||
Repayments oF borrowings | {154,043) | {86,223) | (154,043) | {86,223) |
Repayments on lease liabilities | (53,495) | (80,092) | (53,495) | (80,092) |
Payments Lo the Ericsson Wallet Platform (EWP) liability | (157) | (595) | ||
Nef cosh Flows used in finoncing ocfivifies | (207,695) | (161,886) | (207,538) | (161,291) |
Nef increase/(decreoseJ in cosh and cosh equivolenfs | t*25,798J | 48,654 | (125,772J | 49,627 |
Cosh and cosh equivalents oL the bepinninp oF fhe period | 632,695 | 253,409 | 630,334 | 232,832 |
Exchange tloss)/join on cosh and cosh equivalents | (17) | 1,648 | (17) | 1,517 |
Cosh and cosh equivalents of the end oF the period | 506,800 | 303,711 | 283,976 | |