01/03/2026
I read MTN’s 2025 audited report so you don’t have to - here is the truth nobody is explaining.
YES!
MTN Just Released Their 2025 Audited Financial Statement…
Before You Buy This Stock at ₦760 - Read This First.
Because...
This might be one of the most important stock lessons you will ever read on the Internet - for FREE.
MTN share price is currently trading around ₦760 per share.
While the...
52-week high: ₦780
And....
52-week low: ₦230
But here is the truth many investors don’t understand:
Price movement is noise.
Financial statements are truth.
Today, as a Financial Literacy Advocate on a mission to build 1 million financially free Nigerians…
Let me break down MTN’s 2025 audited financials Statement in a way that even Mama Ngozi that sells tomatoes in Abakaliki International Market will understand.
First of all....
Before we talk numbers, understand the business.
MTN is not just a telecom company.
It is a digital infrastructure company.
Meaning:
If Nigerians go online…
MTN makes money.
If Nigerians stream videos…
MTN makes money.
If Nigerians transfer money…
MTN makes money.
Now hear this:
- Nigeria data consumption in 2025 hit 13.2 million terabytes
- Internet users crossed 112 million+
- Broadband pe*******on near 52%
- Data usage grew 30%+ year-on-year
And here is the shocking part…
Even after data price increases…
Consumption still went up.
That tells you one thing:
This is no longer a luxury industry.
It is an addiction industry.
Let Me Explain this better with a Simple Story.
Imagine:
Mama Ngozi owns the only borehole in a village.
Even if she increases price of water…
People will still fetch water.
Because water is not optional.
That is MTN.
They sell digital water.
Now, as your Street Accountant and Financial Analyst..... Let’s Talk About the Real Thing - The Numbers
Many of you remember 2024.
MTN was bleeding.
Because....
- Forex losses hit hard
- Massive losses recorded
- No dividend declared
That was why their stock crashed below ₦300.
But here is where smart investors pay attention…
Turnarounds create wealth.
Iking....
What Happened in 2025?
MTN bounced back aggressively.
By mid-2025:
What they made in half year
Already beat full-year 2024 performance.
That is not normal recovery.
That is operational rebound.
Why?
1. Tariff adjustments
2. Massive data growth
3. FX stabilization
4. Fintech expansion
By year end…
MTN returned to profitability.
And once profit returns…
Dividends return.
That's why....
MTN announced around ₦15 per share dividend.
And don't forget that Mtn also paid an interim Dividend of ₦5 per shared last year 2025.
Let me break it down with a Simple Story...
If Mama Ngozi uses your money to expand her shop…
And business starts booming…
When she gives you part of the profit,
She is saying:
“Your capital worked.”
Dividend is not just money.
It is business confidence.
So.. IKING.....
What Is an Audited Financial Statement?
Some of you fear this term.
Oya....Relax.
Let me Explain..
An Audited financials simply mean:
From January to December,
Accountants open the company’s books and say:
“This is what entered.
This is what left.
This is what remains.”
It is the final report card of a business.
And MTN’s 2025 report card shows:
The patient survived surgery.
And is now walking again.
Now Let Me Teach You Real Investment Strategy (Pay Attention to this)
Before I buy any stock, I don’t start from price.
I start from structure.
Here is the exact framework I use:
1: Understand the Industry First
If the industry is dying…
The best management cannot save it.
But telecom?
- Growing population
- Growing data demand
- Digital economy expansion
This is a rising tide sector.
2: Look for Pain Before Profit
Let me be honest.
Great opportunities hide in ugly charts.
When MTN crashed below ₦300…
Many people ran away, and that was when I position myself.
Because markets overreact to fear.
3: Watch the Recovery Signals
Three things confirm recovery:
- Revenue stability
- Cost control
- Return of dividends
MTN ticked all three in 2025.
That is why the price rerated.
4: Follow the Money Flow
This is where most people fail.
They look at candles.
But....
Smart investors look at cash engines.
And..
MTN has three major engines:
1. Data Revenue (the giant)
2. Voice Revenue (still strong)
3. Fintech / MoMo (future monster)
That third one is very important.
Because fintech has higher margins than telecom.
Meaning:
The future profits may grow faster than revenue.
But Let Me Be Brutally Honest Now oooh..
Every strong company still has risks.
And if I don’t tell you the risks…
I am not teaching you finance.
Now....
Here's The Risks You Must Not Ignore
1: Regulatory Risk
Telecom is government-sensitive.
Tariffs, taxes, policies can change overnight.
2: FX Risk
MTN still has foreign obligations.
Naira volatility can distort earnings.
3: Saturation Risk
Urban growth may slow over time.
Future growth depends on deeper digital services.
4: Valuation Risk
At ₦760, you are no longer buying fear.
You are buying recovery optimism.
Big difference.
Let Me Explain the Valuation part, Because I know many of you may not understand the Grammar Clearly...
If Mama Ngozi’s shop was burning before…
And you bought land cheap…
You are a genius.
But if the shop is already rebuilt…
And everyone now wants to buy…
You must now ask:
Am I early… or am I late?
That is valuation thinking.
So Iking… Is MTN a Bad Company?
No.
They are...
Strong business.
Powerful sector.
With Clear recovery.
Iking....
Is MTN a Risk-Free Investment?
Also NO.
Because:
Good company is not equal to Cheap stock
And this is where maturity comes in.
Here's The Truth Many Influencers Won’t Tell You.
Because...
There are three types of MTN investors now:
1. Early Believers
Bought during fear.
Already smiling.
2. Momentum Buyers
Entering after recovery.
Riding strength.
3. Late Crowd
Buying because price went up.
Usually emotional.
Which one you belong to…
Is your decision.
Let Me Leave You With This..
The goal of investing is not:
To buy popular stocks.
It is to:
Understand businesses deeply enough
That you don’t need anybody’s permission to invest.
Not even from IKING
If after reading this…
You can explain MTN to a farmer,
A trader,
Or your parents…
Then you are growing.
Because true financial literacy is this:
Clarity without noise.
I operate in the digital payments ecosystem.
I see user behaviour daily.
So...
When data traffic rises…
Telecom revenue rises.
When fintech adoption rises…
Telecom margins rise.
But markets don’t reward stories forever.
They reward timing + valuation + patience.
So whether you buy MTN or not…
Make sure it is not because:
- Facebook people said so
- Friends are buying
- Price is rising
Make sure it is because:
You understand the business.
That is how wealth is built.
I am Iking Ferry,
Your Financial Literacy Advocate,
On a Mission to Build 1 Million Financially Free Nigerians via Fokona, With the Right Knowledge.
