MTN Nigeria Communications Plc has knowledgeable the Nigerian Alternate (NGX) and the general public that World Credit score Score Restricted (GCR) has affirmed its issuer rankings for each long-term and short-term bond obligations.
In a disclosure printed on the Nigerian Alternate (NGX) on Could 28, 2025, it was confirmed that GCR maintained MTN’s nationwide scale long-term ranking at AAA, and its short-term ranking at A1+.
Moreover, GCR additionally maintained the AAA ranking on all excellent MTN senior unsecured bonds, whereas revising the outlook from Destructive to Secure, reflecting renewed confidence within the firm’s monetary place.
MTN attributed this optimistic final result to its profitable turnaround, stating:
“The affirmation of the AAA rankings and the steady outlook replicate the corporate’s return to profitability, supported by lowered overseas forex publicity, improved money circulate technology, and powerful income progress pushed by rising demand for knowledge and digital providers.”
Whereas GCR did spotlight the corporate’s unfavourable fairness place, it emphasised MTN’s strong operational profile, improved monetary metrics, and its capability to satisfy obligations as key components supporting the affirmed rankings.
Feedback from the CEO
Talking on the affirmations by GCR, MTN Nigeria’s CEO, Karl Toriola, acknowledged that the rankings and the outlook improve replicate the corporate’s progress:
“We’re inspired by the affirmation of our rankings and the improve of our outlook to steady, which replicate the progress we’ve made in strengthening our monetary place.”
He additionally famous that the corporate has made vital strides in returning to profitability and enhancing its operational effectivity.
Addressing the corporate’s fairness place, Toriola added:
“Our improved earnings trajectory, pushed by resilient demand for our providers, positions us to realize a optimistic fairness place throughout the present monetary 12 months.”
GCR’s affirmation comes after a sequence of issuances that intensified in This fall 2024, that seemingly contributed to MTN’s improved efficiency within the first quarter.
A string of issuances
MTN Nigeria raised funds by means of its N250 billion Business Paper Issuance Programme, geared toward supporting its operational and enterprise wants.
- On December 23, 2024, the corporate issued Sequence 15 and 16 Business Papers, elevating N42.20 billion, which was barely beneath its goal of N50 billion.
This follows a number of issuances in prior months that point out continued curiosity sooner or later.
- On November 29, 2024, MTN Nigeria issued Sequence 13 and 14 Business Papers, providing yields of 27.50% for the 181-day tenor and 29.00% for the 265-day tenor.
Whereas the preliminary goal was N50 billion, investor demand resulted in an oversubscription of 144%, elevating N72.18 billion.
- Earlier that month, on November 7, 2024, the corporate issued Sequence 11 and 12 Business Papers, elevating N75.1 billion.
These issuances, together with demand for MTN’s providers and changes to tariff constructions for knowledge and voice bundles, seemingly performed a task within the firm’s improved monetary efficiency in Q1 2025.
- MTN reported a post-tax revenue of N133.7 billion in Q1 2025, recovering from a lack of N392.7 billion in Q1 2024.
- The corporate’s Q1 income additionally elevated to N1 trillion, up 40.5% from N752.9 billion.
Commenting on the outcomes, CEO Karl Toriola stated:
“This progress was supported by our disciplined strategy to gross connections and churn administration, in addition to steady innovation in customer worth propositions.”
Be First to Comment