April 30, 2025/CSL Research

Financial Highlights:

• Revenue +40.5% y/y to N1.06TN
• Direct Network Operating Costs +33.4% y/y to 337.38BN
• OPEX +12.1% y/y to N227.85BN
• EBITDA +65.9% y/y to N492.75BN
• Operating Profit +96.9% y/y to N342.72BN
• Pre-Tax Profit rose to N202.65BN from the N575.69 Pre-Tax loss recorded in Q1 2024

Stock Rating: UR

To read full report, click on the link below​​

​CSL MTN Nigeria Earnings Quick Take Q1 2025 .pdf​​​​​​​​​​​​​

​​​​​​​