MTN Uganda reported solid financial results for the six months ending June 30, 2025, with total revenue increasing 13.3 per cent to Ush 1.7 trillion.
The performance shows the ongoing expansion of fintech and data usage, which is bolstered by ongoing investments in customer experience and digital infrastructure.
A 31.3 per cent increase in data income to Ush 490.2 billion and an 18.6 per cent increase in fintech revenue to Ush 524.6 billion supported revenue growth. At Ush 629 billion, voice revenue stayed steady and increased by 0.4 per cent annually.
MTN Uganda’s customer base increases by 10.2% to 22.8 million
The company’s customers increased by 10.2 per cent to 22.8 million, and active data subscribers rose by 23.4 per cent to 10.8 million. With a 6 per cent increase in fintech users to 13.3 million, digital financial tools are becoming more and more relevant across all market segments.
“We are encouraged by the trust our customers continue to place in MTN,” said Sylvia Mulinge, Chief Executive Officer of MTN Uganda.
“Our focus on enhancing the network, broadening access, and improving service quality continues to support both performance and impact.”
MTN Uganda invested Ush 219.7 billion to expand 4G and 5G coverage
During the period, MTN Uganda made a network investment of Ush 219.7 billion, mainly to expand 4G and 5G coverage by establishing 355 new sites.
5G coverage rose from 15.3 per cent in December 2024 to 19 per cent, while 4G population coverage grew from 87.8 per cent to 88.2 per cent.
To increase capacity and facilitate the rollout of home broadband, the company also increased the size of its fibre footprint.
Due to scale advantages and efficiency improvements, earnings before interest, tax, depreciation, and amortisation (EBITDA) increased 17.8 per cent to Ush 924.2 billion.
MTN Uganda paid 681 billion Ush in taxes
During the half-year, MTN Uganda paid Ush681 billion in taxes and reached a one-time tax settlement with the Uganda Revenue Authority worth Ush110.9 billion.
Consequently, the profit after taxes decreased by 9.7 per cent to Ush 267 billion. When the tax settlement was removed from the equation, the underlying profit after taxes increased by 27.8 per cent to Ush 377.9 billion.
The board announced an interim dividend of Ush 10.0 per share, or Ush 223.8 billion, and is due on September 19, 2025.
The company’s “21 Days of Y’ello Care” campaign provided digital access to underprivileged communities in keeping with its dedication to inclusive development. With the help of four cultural kingdoms, this year’s campaign helped schools and hospitals, reaching over 67,000 people. Ush 1.6 billion was spent on CSR during that time.
In the future, MTN Uganda remains committed to achieving sustainable growth via improved network quality, increased fintech reach, and digital innovation.