MTN Uganda reports strong revenue growth driven by data and fintech surge
Date: 2025-08-12
MTN Uganda has announced robust financial results for the first half of 2025, with total revenue climbing by 13.3% to Ush 1.7 trillion. The telecom giant’s performance was fueled by significant growth in data and fintech services, supported by continued investments in digital infrastructure and customer experience.
Data revenue
soared by 31.3% to Ush 490.2 billion, while fintech revenue increased by 18.6%
to Ush 524.6 billion. Voice revenue remained steady, recording a marginal 0.4%
rise to Ush 629 billion. The company’s expanding customer base, now at 22.8
million—a 10.2% increase—reflects growing demand for digital services. Active
data subscribers surged by 23.4% to 10.8 million, and fintech users grew by 6%
to 13.3 million, underscoring the rising adoption of digital financial
solutions.
CEO of MTN
Uganda, Sylvia Mulinge attributed the strong performance to sustained customer
trust and strategic investments in network quality and accessibility. “Our
commitment to enhancing connectivity and service excellence continues to drive
both business growth and positive societal impact,” she said.
During the
period, MTN Uganda invested Ush 219.7 billion in network expansion, adding 355
new sites to boost 4G and 5G coverage. The company’s 4G population coverage
rose to 88.2%, while 5G coverage expanded to 19%, up from 15.3% in December
2024. Additionally, MTN extended its fibre network to support home broadband
services.
Earnings before
interest, tax, depreciation, and amortization (EBITDA) grew by 17.8% to Ush
924.2 billion, driven by operational efficiency and economies of scale.
However, profit after tax declined by 9.7% to Ush 267 billion due to a one-off
tax settlement of Ush 110.9 billion with the Uganda Revenue Authority.
Excluding this settlement, underlying profit after tax increased by 27.8% to
Ush 377.9 billion.
The company’s
board declared an interim dividend of Ush 10.0 per share, amounting to Ush
223.8 billion, payable on 19 September 2025.
Beyond
financial performance, MTN Uganda reinforced its commitment to social impact
through its annual “21 Days of Y’ello Care” initiative. Partnering with four
cultural kingdoms, the program provided support to hospitals and schools,
benefiting over 67,000 individuals. Corporate social responsibility investments
for the period totaled Ush 1.6 billion.
By: Nana Appiah Acquaye
