Africa-Press – Uganda. MTN Uganda has reported robust financial results for the six months ended June 30, 2025, with total revenue growing 13.3% to Shs1.7 trillion.
The growth was driven by strong gains in data and fintech services, supported by continued investment in digital infrastructure and a focus on customer experience.
Data revenue rose 31.3% to Shs490.2 billion, boosted by wider high-speed internet coverage and increased adoption.
Fintech revenue climbed 18.6% to Shs524.6 billion as mobile financial services gained more users.
Voice revenue edged up 0.4% to Shs629 billion, reflecting stability despite changing communication trends.
The telecom’s customer base expanded 10.2% to 22.8 million, with active data subscribers growing 23.4% to 10.8 million. Mobile money customers rose 6% to 13.3 million.
“We are encouraged by the trust our customers continue to place in MTN,” said Sylvia Mulinge, MTN Uganda’s CEO.
“Our focus on enhancing the network, broadening access, and improving service quality continues to support both performance and impact.”
During the review period, MTN Uganda invested Shs 219.7 billion in network upgrades, commissioning 355 new sites to extend 4G and 5G coverage.
This lifted 4G population coverage from 87.8% to 88.2%, while 5G coverage increased from 15.3% in December 2024 to 19% by mid-2025.
The company also expanded its fibre network to strengthen capacity and support home broadband growth.
Earnings before interest, tax, depreciation and amortization (EBITDA) grew 17.8% to Shs 924.2 billion, driven by operational efficiencies.
MTN paid Shs 681 billion in taxes and settled a one-off Shs 110.9 billion tax claim with the Uganda Revenue Authority.
The settlement pushed profit after tax down 9.7% to Shs 267 billion, but excluding it, underlying profit rose 27.8% to Shs 377.9 billion.
Reflecting confidence in future growth, the board declared an interim dividend of Shs 10 per share, totalling Shs 223.8 billion, to be paid on September 19, 2025.
The company also maintained its corporate social responsibility drive, investing Shs 1.6 billion in initiatives that reached over 67,000 people through partnerships with cultural institutions, hospitals and schools.
Fintech expansion was strengthened by product innovation such as “Y’Invest”, a mobile unit trust investment platform offering daily interest returns of up to 12%.
“Transactions have grown 20.3% to 2.4 billion,” said Richard Yego, CEO of MTN MoMo Uganda.
“If momentum continues, we will surpass four billion transactions this year.”
Mulinge said MTN would maintain its growth path through deeper 5G rollout, further fibre expansion and more customer-focused digital products.
“Digital innovation and fintech expansion will continue to be the key growth drivers in the coming years,” she noted.
With demand for data and mobile financial services still climbing, MTN Uganda is positioned to sustain its growth momentum into the second half of 2025 while contributing to the country’s digital transformation agenda.
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