Prime Business AfricaAirtel Nigeria recorded a 15.5 percent growth in its revenue after generating $307 million in the first quarter (Q1) of 2025, compared to the $266 million turnover reported for the same period in 2024.
According to the financial statements for the period ended March 31 2025, released by Airtel Africa, Prime Business Africa gathered that voice revenue contributed 43.32 percent of Airtel Nigeria’s turnover during the reviewed period, falling below the 46.61 percent it accounted for in Q1 last year.
Join our WhatsApp ChannelAlthough Airtel Nigeria grew its voice revenue to $133 million in the first quarter of 2025, up by 7.5 percent from the $124 million reported in the corresponding period in 2024.
However, data revenue contribution increased from 43.60 percent in Q1 last year to 45.27 percent in the same period this year, reflecting the upward adjustment in tariffs by Nigerian network providers in February.
The data revenue breakdown showed that it increased by 19.9 percent year-on-year to $139 million, exceeding the $116 million generated in the previous year’s first quarter.
Airtel also reported that the operating profit for its Nigerian subsidiary fell by 4.2 percent to $85 million in Q1 2025, falling short of the $89 million posted in the corresponding period the year before.
In the telecommunication company’s (telco) operating key performance indicators (KPIs), Airtel Nigeria saw a 4.7 percent growth in voice subscribers, as it increased from 50.9 million in Q1 2024 to 53.3 million in Q1 2025.
Similarly, the telco’s data customer base jumped 6.3 percent to 29.1 million in the first quarter of this year, surpassing the 27.4 million recorded during the same period last year.
With Airtel Africa not releasing the bottom line of the Nigerian subsidiary, the group recorded a $167.1 million profit before tax (PBT) in Q1 2025, exiting the $118.1 million loss recorded in Q1 2024.
However, wth a total tax charge of $87 million during the reviewed period, Airtel Africa posted a profit after tax (PAT) of $80.1 million, against the $91.1 million loss recorded in its bottom line last year’s Q1.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
