MTN Uganda is celebrating a period of strong performance by giving back more to its shareholders. The technology giant announced a significant increase in its second interim dividend, highlighting its success in leading Uganda’s digital and financial revolution.
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More Money for Shareholders
MTN Uganda has declared a second interim dividend of USh 10.5 per share, which is a massive 40% increase from its previous payout. This dividend totals UGX 235.1 billion (about $62 million USD) and demonstrates the management’s confidence in the company’s ability to generate strong cash flow and earn sustainable profits.
- Payment Date: December 19, 2025
- Book Closure (Deadline for eligibility): December 1, 2025
The Chief Financial Officer, Andrew Bugembe, emphasized that these results reaffirm their commitment to investors, noting that they are balancing rewarding shareholders with continuing to invest in network expansion and innovation.
The Core Business is Thriving
The company’s finances show a business that is not only growing but doing so very efficiently:
- Profit After Tax (Adjusted): Excluding a one-time tax settlement, the core profit rose sharply by 26.7%, showcasing the underlying strength of the business.
- Service Revenue: Money earned from services like calls, data, and mobile money jumped 13.6% to USh 2.6 trillion.
- Efficiency: The company improved its efficiency margin (EBITDA margin) to 53.9%, meaning it is getting better at turning revenue into profit. An EBITDA margin above 50% is considered a very strong indicator of a healthy, growing business.
Data and MoMo are the Growth Engines
The company’s strategic plan, called Ambition 2025, is heavily reliant on two key areas—data and financial technology (Fintech)—both of which delivered huge results:
- Data Growth: Revenue from data services soared by 30.2%. This reflects how quickly Ugandans are embracing the internet for communication, commerce, and entertainment.
- Mobile Money (Fintech) Power: Revenue from financial services (like MTN MoMo) grew by 17.9%.
- The total value of transactions processed by MoMo reached an enormous UGX 140.8 trillion, up 23% year-on-year.
- The number of active mobile money users grew to 14.2 million, showing how digital finance is transforming the cashless economy and improving financial inclusion.
Building Uganda’s Digital Future
To keep up with this incredible demand, MTN Uganda made significant infrastructure investments:
- Capex Investment: The company invested UGX 299.8 billion in network modernisation.
- Expanded Coverage: They extended 4G coverage to 88.3% of the population and increased the newer 5G coverage to 19%.
- New Infrastructure: This involved building 237 new sites and rolling out 5,880 kilometers of fiber cable.
CEO Sylvia Mulinge stated that this performance proves that digital and financial inclusion are more than just business opportunities; they are “catalysts for national development.” By creating opportunities for more Ugandans to transact and trade digitally, the entire economy benefits.
Looking ahead, MTN expects to continue seeing double-digit growth, supported by more people buying smartphones and the continued expansion of its financial services.
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