MTN Uganda has recorded a significant rise in profit after tax for the year ended December 31, 2025, reaching Shs678.8 billion, buoyed by growth in data consumption and digital financial services.
The telecommunications giant posted service revenue of Shs3.6 trillion, up 13.4 percent from the previous year, largely due to increased internet usage and higher mobile money transactions across the country.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 17 percent to Shs1.9 trillion, reflecting stronger operational efficiencies alongside continued investment in network infrastructure and digital platforms.
The company reported that profits were impacted by a one-off Shs110.9 billion tax settlement with the Uganda Revenue Authority (URA) earlier in the year.
Excluding this settlement, underlying profit after tax grew 23.1 percent to Shs789.7 billion, underscoring the resilience of MTN Uganda’s core digital services business.
Data services led growth, with revenue increasing 28.8 percent to Shs1 trillion, while the number of active data users grew 18.6 percent to 12 million.
The company’s total subscriber base also rose 10 percent to 24.2 million, highlighting the growing demand for reliable connectivity nationwide.
Mobile money services remain central to MTN Uganda’s growth strategy. Fintech revenue rose 17.3 percent to Shs1.1 trillion, supported by 14.7 million active mobile money users.
Customers conducted five billion transactions worth Shs195.5 trillion during the year, demonstrating the scale of digital payments, savings, and lending services across Uganda.
The mobile money ecosystem now includes over 241,000 agents and 114,800 merchants, enabling broader financial inclusion and easier commerce in both urban and rural areas.
To support rising demand, MTN Uganda invested Shs549.4 billion in capital expenditure, mainly to strengthen network infrastructure and expand coverage.
The company reported 4G population coverage of 88.6 percent, while 5G rollout continues in key urban centres.
These investments aim to provide faster internet speeds, more reliable services, and support the growth of digital platforms such as e-commerce, online education, and fintech innovation.
Sylvia Mulinge, a senior MTN official, emphasised the company’s focus on connectivity and digital services expansion.
“Reliable connectivity is the foundation of a modern digital economy. Our continued investment ensures that individuals, businesses, and communities across Uganda can access opportunities created by a connected world,” she said.
MTN Uganda also contributed Shs1.5 trillion in direct and indirect taxes to government in 2025 and invested Shs5.1 billion through the MTN Foundation in community development projects, benefiting over 22,400 people in areas such as education, healthcare, and digital inclusion.
The board has proposed a final dividend of Shs8.25 per share, bringing the total payout for the year to Shs28.75 per share, equivalent to Shs643.7 billion returned to shareholders.
MTN Uganda remains the largest listed company on the Uganda Securities Exchange, reflecting strong investor confidence in its long-term growth and role in driving Uganda’s digital transformation.
Looking ahead, the company expects continued growth in connectivity and digital financial services, maintaining a medium-term outlook of upper-teens service revenue growth and targeting EBITDA margins above 50 percent, supported by ongoing investment in network capacity and digital platform expansion.
