MTN Nigeria Communication Plc, one of the leading telecommunication firms in the country, has seen its cash generated from operating activities soar to the highest in about 10 years, according to data curated by BusinessDay.
According to the company’s latest unaudited results for the first half of 2025 (H1), the telecom giant generated N955.6 billion cash from operations, up from N533.2 billion reported in the prior year.
Analysts at Lagos-based research and consultancy firm CardinalStone said this strong outturn was buoyed by a surge in EBITDA and higher cash collections despite elevated finance costs.