MTN Uganda half-year revenue surges to UGX1.7 trillion

MTN Uganda has delivered a strong half-year performance for the period ended June 30, 2025, posting a 13.3% rise in total revenue to UGX1.7 trillion. The solid results reflect sustained growth in data and fintech services, underpinned by strategic investments in digital infrastructure and enhanced customer experience.

Revenue growth was underpinned by a 31.3% increase in data income to UGX490.2 billion and an 18.6% rise in fintech revenue to UGX524.6 billion. Voice revenue remained stable at UGX629 billion, up 0.4% year-on-year.

The company’s customer base expanded by 10.2% to 22.8 million, with active data subscribers increasing 23.4% to 10.8 million. Fintech users rose by 6% to 13.3 million, highlighting the growing relevance of digital financial tools across segments.

“We are encouraged by the trust our customers continue to place in MTN,” said Sylvia Mulinge, CEO of MTN Uganda. “Our focus on enhancing the network, broadening access, and improving service quality continues to support performance and impact.”

MTN Uganda invested UGX219.7 billion in its network during the period, deploying 355 new sites primarily to extend 4G and 5G coverage. 4G population coverage increased from 87.8% to 88.2%, while 5G coverage reached 19%, up from 15.3% in December 2024. The company also expanded its fibre footprint to improve capacity and enable its home broadband rollout.

Earnings before interest, tax, depreciation, and amortization (EBITDA) rose 17.8% to UGX924.2 billion, reflecting efficiency gains and scale benefits.

MTN Uganda contributed UGX681 billion in taxes during the half-year and concluded a one-off tax settlement with the Uganda Revenue Authority amounting to UGX110.9 billion. As a result, profit after tax declined 9.7% to UGX267 billion. Excluding the impact of the tax settlement, underlying profit after tax grew by 27.8% to UGX377.9 billion.

The board declared an interim dividend of UGX10.0 per share, totaling UGX223.8 billion, payable on 19 September 2025.

In line with its commitment to inclusive development, the company extended digital access to underserved communities through its “21 Days of Y’ello Care” initiative. This year’s campaign, in partnership with four cultural kingdoms, supported hospitals and schools, reaching over 67,000 beneficiaries. Total CSR investment in the period stood at UGX1.6 billion.

Looking ahead, MTN Uganda remains focused on delivering sustainable growth through enhanced network quality, digital innovation, and broader fintech reach.