MTN Rwanda reports impressive six-month results ending June 30, 2025. The company records strong subscriber growth, with a 3.5 per cent increase in total users to 7.8 million.
Profit after tax rebounded to $4.97 million (Rwf 6.3 billion)
With its strong half-year results, MTN Rwanda has made a clear comeback to profitability and demonstrated its dominance in the country’s telecom market.
The telecom operator’s profit after tax surged from a loss the previous year to $4.97 million (Rwf 6.3 billion). Service revenue increased 13.1 per cent to $108.4 million (Rwf 137.4 billion).
MTN MoMo saw 29.1% increase in revenue to $54.1 million (Rwf 68.6 billion)
With a 29.7 per cent increase in active merchants to 572,000, Mobile Money (MoMo) saw a 29.1 per cent increase in revenue to $54.1 million (Rwf 68.6 billion).
MoMo’s, a mobile financial service provided by MTN in Rwanda and other African nations, saw a sharp increase in transaction values, reaching $17.3 billion (Rwf 21.9 trillion).
MTN Group’s dramatic swing back to profitability
MTN Group has significantly returned to profitability thanks to strong performances in its other key markets, Nigeria, Ghana, and Uganda.
This exceptional performance comes one week before Africa’s largest telecom operator releases its half-year results.
The first half of 2025 has turned the corner after two tumultuous years of hurt profits due to inflation, fierce competition, and expensive network upgrades. Investors closely monitor the group because preliminary indications suggest its recent interim performance has been strong.
According to Ali Monzer, CEO of MTN Rwanda, the outcomes show a well-defined and tested approach based on cost-effectiveness, disciplined execution, and audacious investments in next-generation infrastructure.
“With the successful launch of 5G, accelerated 4G migration, and relentless focus on cost efficiencies, we are positioning MTN Rwanda to lead the market in relevance and resilience,” Monzer said.
First in Rwanda to introduce 5G network
In June, the business became the first in Rwanda to commercially introduce 5G, a historical event Monzer called “a transformative step in aligning with Rwanda’s Vision 2050 and advancing the country’s digital transformation.”
Chantal Kagame, CEO of Mobile Money Rwanda, emphasised that the company’s goal was to grow fintech.
“Through strategic partnerships and innovations like the MoMo virtual card and K’avance, we are deepening financial inclusion and building a stronger ecosystem for all Rwandans,” she stated.
As MTN Rwanda increases efficiency and makes strategic network investments, acting CFO Dunstan Ayodele Stober predicted that the second half of 2025 “will be even stronger,” with EBITDA up 43.7 per cent to $44.3 million (Rwf 56.1 billion) and margins improving by 9.1 percentage points.