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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. MTN Nigeria Communications's retained earnings for the quarter that ended in Mar. 2026 was ₦755,689 Mil.
MTN Nigeria Communications's quarterly retained earnings
increased
from Sep. 2025 (₦142,719 Mil) to Dec. 2025 (₦400,402 Mil) and
increased
from Dec. 2025 (₦400,402 Mil) to Mar. 2026 (₦755,689 Mil).
MTN Nigeria Communications's annual retained earnings
declined
from Dec. 2023 (₦-208,018 Mil) to Dec. 2024 (₦-607,466 Mil) but then
increased
from Dec. 2024 (₦-607,466 Mil) to Dec. 2025 (₦400,402 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
MTN Nigeria Communications Retained Earnings Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of ₦755,689 Mil mean?
MTN Nigeria Communications (NSA:MTNN) has a Retained Earnings of ₦755,689 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on MTN Nigeria Communications and its competitors.
Is MTN Nigeria Communications' Retained Earnings too high?
MTN Nigeria Communications' current Retained Earnings is ₦755,689 Mil. Overall, MTN Nigeria Communications has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Nigeria Communications' Retained Earnings compare to VZ and TMUS?
MTN Nigeria Communications' Retained Earnings of ₦755,689 Mil can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Telecommunication Services company?
A good Retained Earnings depends on the Telecommunication Services industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on MTN Nigeria Communications and its competitors. MTN Nigeria Communications's current Retained Earnings is ₦755,689 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTN Nigeria Communications stock overvalued right now?
Based on GuruFocus' analysis, MTN Nigeria Communications (NSA:MTNN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦627.87, compared to a current price of ₦837.00 — trading 33.3% above its estimated fair value. The current Retained Earnings is ₦755,689 Mil. MTN Nigeria Communications' overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For MTN Nigeria Communications (NSA:MTNN), the current Retained Earnings is ₦755,689 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MTN Nigeria Communications (NSA:MTNN) Overvalued in 2026?
Based on GuruFocus' analysis, MTN Nigeria Communications stock appears to be overvalued.
The current stock price of ₦837.00 is trading 33.3% above its estimated GF Value™ of ₦627.87.
GuruFocus considers MTN Nigeria Communications to be Significantly Overvalued.
Key valuation signals for NSA:MTNN:
Retained Earnings: ₦755,689 Mil
GF Value™: ₦627.87 vs. price of ₦837.00 (33.3% above fair value)
No single metric tells the full story. See the NSA:MTNN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MTN Nigeria Communications PLC is a provider of communications services. The principal activities of the company are the provision of broadband fixed wireless access service, mobile broadband solutions, and fibre-to-the-home connectivity. The group operates in three reportable segments, namely, Consumer Business Unit (CBU), which consists of subscribers sitting in value propositions and tariff plans for Youth, High Value, and Mass segments, Enterprise Business Unit (EBU), which consists of small and medium organizations to whom the services are provided, and Wholesale Business Unit (WBU), which serves customers who buy MTN telecom products. The majority of the revenue is generated from the CBU segment.
85GF Score
Get the complete analysis for NSA:MTNN
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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