Africa-Press – Namibia. Mobile Telecommunications Limited (MTC) has made N$1.82 billion in the last six months.
The majority of this came from prepaid customers who contributed N$1.1 billion through usage charges.
According to the company’s interim results for the months ended 31 March 2025, profit after tax was N$503 828 000.
“Revenue increased by 15.8% from N$1.57 billion to N$1.82 billion driven by heightened demand for high-speed data and value-added services across mobile [services], predominantly from prepaid customers and the enterprise segment,” the report reads.
Messages made the company N$35 591 000, while the sale of handsets and accessories brought in N$170 367 000.
The direct cost of the company declined by 13.1%, primarily due to a once-off expense of N$58.4 million recorded in the prior year.
This was after a ruling by the Supreme Court found that MTC was liable for levies to the Communications Regulatory Authority of Namibia for the 2021, 2022, and 2023 financial years.
“The reduction was partially offset by the introduction of universal levy of 0.5% of revenue and a 315% tariff increase in the numbering licence fee of N$1.4 million for the period,” the report reads.
Shareholders should expect a dividend payout of N$352 725 000.
“On 5 June 2025, an ordinary dividend of N$352 725 000, being 47.03 cents per ordinary share, was declared, but has not yet been paid out to the shareholders at the date of these interim financial statements,” the company says.
For the next six months it says it will be focusing on driving prepaid revenue.
“MTC’s commercial focus for the second half of 2025 centres on driving prepaid revenue, accelerating broadband uptake, expanding enterprise contracts and monetising digital platforms,” the director’s commentary reads.
Mobile business remains strong, with targeted campaigns planned to maximise recharges and data consumption, as well as the simplification of product offers.
Additionally more work will be put into intensifying expanded fibre roll-out and improved installation capacity.
Moreover, the company says it is still on track to creating holistic financial services for the underbanked and unbanked.
“We are in active conversation with other strategic partners to onboard additional services onto MTC Maris to offer them to our customers,” the directors say.
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