Income Statement (TTM)
MTN Nigeria Communications PLC Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.
All numbers are times 1,000,000 except per share units.
|
2020 09-30 |
2020 12-31 |
2021 03-31 |
2021 06-30 |
2021 09-30 |
2021 12-31 |
2022 03-31 |
2022 06-30 |
2022 09-30 |
2022 12-31 |
2023 03-31 |
2023 06-30 |
2023 09-30 |
2023 12-31 |
2024 03-31 |
2024 06-30 |
2024 09-30 |
2024 12-31 |
2025 03-31 |
2025 06-30 |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,289,046 | 1,346,390 | 1,402,534 | 1,499,579 | 1,576,888 | 1,654,299 | 1,739,966 | 1,813,121 | 1,904,172 | 2,012,272 | 2,109,423 | 2,220,924 | 2,329,086 | 2,468,847 | 2,653,696 | 2,849,227 | 3,066,135 | 3,360,830 | 3,665,820 | 4,201,085 |
| Change (%) | 4.45 | 4.17 | 6.92 | 5.16 | 4.91 | 5.18 | 4.20 | 5.02 | 5.68 | 4.83 | 5.29 | 4.87 | 6.00 | 7.49 | 7.37 | 7.61 | 9.61 | 9.07 | 14.60 | |
| % of Revenue | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| Cost Of Sales | 287,270 | 302,939 | 311,675 | 317,623 | 327,269 | 333,550 | 348,419 | 369,487 | 386,527 | 404,583 | 413,976 | 428,760 | 444,300 | 467,002 | 523,582 | 588,789 | 659,492 | 696,682 | 734,917 | 776,940 |
| Change (%) | 5.45 | 2.88 | 1.91 | 3.04 | 1.92 | 4.46 | 6.05 | 4.61 | 4.67 | 2.32 | 3.57 | 3.62 | 5.11 | 12.12 | 12.45 | 12.01 | 5.64 | 5.49 | 5.72 | |
| % of Revenue | 22.29 | 22.50 | 22.22 | 21.18 | 20.75 | 20.16 | 20.02 | 20.38 | 20.30 | 20.11 | 19.63 | 19.31 | 19.08 | 18.92 | 19.73 | 20.66 | 21.51 | 20.73 | 20.05 | 18.49 |
| Gross Operating Profit | 1,001,776 | 1,043,451 | 1,090,859 | 1,181,956 | 1,249,619 | 1,320,749 | 1,391,547 | 1,443,634 | 1,517,645 | 1,607,689 | 1,695,447 | 1,792,164 | 1,884,786 | 2,001,845 | 2,130,114 | 2,260,438 | 2,406,643 | 2,664,148 | 2,930,903 | 3,424,145 |
| Change (%) | 4.16 | 4.54 | 8.35 | 5.72 | 5.69 | 5.36 | 3.74 | 5.13 | 5.93 | 5.46 | 5.70 | 5.17 | 6.21 | 6.41 | 6.12 | 6.47 | 10.70 | 10.01 | 16.83 | |
| % of Revenue | 77.71 | 77.50 | 77.78 | 78.82 | 79.25 | 79.84 | 79.98 | 79.62 | 79.70 | 79.89 | 80.37 | 80.69 | 80.92 | 81.08 | 80.27 | 79.34 | 78.49 | 79.27 | 79.95 | 81.51 |
| SG&A | 292,680 | 310,199 | 330,158 | 349,856 | 371,069 | 389,328 | 407,184 | 420,976 | 435,948 | 460,569 | 490,863 | 523,001 | 583,841 | 675,761 | 783,116 | 954,843 | 1,081,821 | 1,169,236 | 1,244,333 | 1,257,937 |
| Change (%) | 5.99 | 6.43 | 5.97 | 6.06 | 4.92 | 4.59 | 3.39 | 3.56 | 5.65 | 6.58 | 6.55 | 11.63 | 15.74 | 15.89 | 21.93 | 13.30 | 8.08 | 6.42 | 1.09 | |
| % of Revenue | 22.71 | 23.04 | 23.54 | 23.33 | 23.53 | 23.53 | 23.40 | 23.22 | 22.89 | 22.89 | 23.27 | 23.55 | 25.07 | 27.37 | 29.51 | 33.51 | 35.28 | 34.79 | 33.94 | 29.94 |
| R&D | ||||||||||||||||||||
| Change (%) | ||||||||||||||||||||
| % of Revenue | ||||||||||||||||||||
| OpEx | 871,117 | 915,759 | 952,255 | 996,668 | 1,034,805 | 1,069,214 | 1,109,703 | 1,154,084 | 1,200,423 | 1,265,312 | 1,335,384 | 1,400,793 | 1,506,152 | 1,687,413 | 1,898,696 | 2,180,668 | 2,416,916 | 2,593,257 | 2,735,158 | 2,854,494 |
| Change (%) | 5.12 | 3.99 | 4.66 | 3.83 | 3.33 | 3.79 | 4.00 | 4.02 | 5.41 | 5.54 | 4.90 | 7.52 | 12.03 | 12.52 | 14.85 | 10.83 | 7.30 | 5.47 | 4.36 | |
| % of Revenue | 67.58 | 68.02 | 67.90 | 66.46 | 65.62 | 64.63 | 63.78 | 63.65 | 63.04 | 62.88 | 63.31 | 63.07 | 64.67 | 68.35 | 71.55 | 76.54 | 78.83 | 77.16 | 74.61 | 67.95 |
| Operating Income | 417,928 | 430,631 | 450,279 | 502,911 | 542,083 | 585,085 | 630,263 | 659,037 | 703,749 | 746,960 | 774,039 | 820,131 | 822,934 | 781,434 | 755,000 | 668,559 | 649,219 | 767,573 | 930,662 | 1,346,591 |
| Change (%) | 3.04 | 4.56 | 11.69 | 7.79 | 7.93 | 7.72 | 4.57 | 6.78 | 6.14 | 3.63 | 5.95 | 0.34 | -5.04 | -3.38 | -11.45 | -2.89 | 18.23 | 21.25 | 44.69 | |
| % of Revenue | 32.42 | 31.98 | 32.10 | 33.54 | 34.38 | 35.37 | 36.22 | 36.35 | 36.96 | 37.12 | 36.69 | 36.93 | 35.33 | 31.65 | 28.45 | 23.46 | 21.17 | 22.84 | 25.39 | 32.05 |
| Interest Expense | -134,115 | -133,692 | -126,378 | -128,163 | -127,310 | -137,624 | -147,209 | -151,951 | -157,989 | -145,653 | -150,625 | -165,431 | -185,273 | -234,373 | -279,127 | -285,882 | -358,985 | -427,346 | -479,813 | -554,513 |
| Change (%) | -0.32 | -5.47 | 1.41 | -0.67 | 8.10 | 6.96 | 3.22 | 3.97 | -7.81 | 3.41 | 9.83 | 11.99 | 26.50 | 19.10 | 2.42 | 25.57 | 19.04 | 12.28 | 15.57 | |
| % of Revenue | -10.40 | -9.93 | -9.01 | -8.55 | -8.07 | -8.32 | -8.46 | -8.38 | -8.30 | -7.24 | -7.14 | -7.45 | -7.95 | -9.49 | -10.52 | -10.03 | -11.71 | -12.72 | -13.09 | -13.20 |
| Net Income | 198,299 | 205,214 | 226,876 | 252,168 | 281,287 | 298,654 | 321,739 | 338,759 | 348,681 | 351,382 | 362,176 | 83,757 | 66,781 | -133,841 | -632,127 | -566,223 | -633,521 | -399,448 | 124,903 | 533,479 |
| Change (%) | 3.49 | 10.56 | 11.15 | 11.55 | 6.17 | 7.73 | 5.29 | 2.93 | 0.77 | 3.07 | -76.87 | -20.27 | -300.42 | 372.30 | -10.43 | 11.89 | -36.95 | -131.27 | 327.11 | |
| % of Revenue | 15.38 | 15.24 | 16.18 | 16.82 | 17.84 | 18.05 | 18.49 | 18.68 | 18.31 | 17.46 | 17.17 | 3.77 | 2.87 | -5.42 | -23.82 | -19.87 | -20.66 | -11.89 | 3.41 | 12.70 |
Source: Capital IQ
