MTN Uganda has reported a 13.3% increase in total revenue to Ush 1.7 trillion for the six months ending June 30, 2025, driven by strong demand for data and digital financial services as more Ugandans embrace the digital economy.
Data revenue surged 31.3% to Ush 490.2 billion, fueled by a 23.4% increase in active data users to 10.8 million. Fintech income grew 18.6% to Ush 524.6 billion, with MTN MoMo expanding its customer base to 13.3 million, up 6% year-on-year. Voice revenue remained stable at Ush 629 billion, posting a modest 0.4% growth.
“We are encouraged by the trust our customers continue to place in MTN,” said Sylvia Mulinge, Chief Executive Officer of MTN Uganda. “Our focus on enhancing the network, broadening access, and improving service quality continues to support both performance and impact.”
The company’s total subscriber base rose 10.2% to 22.8 million. Network investments of Ush 219.7 billion funded the rollout of 355 new sites, expanding 4G coverage to 88.2% of the population and lifting 5G coverage to 19%, up from 15.3% in December 2024. Fibre expansion also continued, supporting the company’s home broadband offering.
Earnings before interest, tax, depreciation, and amortization (EBITDA) climbed 17.8% to Ush 924.2 billion, aided by disciplined cost control. However, profit after tax fell 9.7% to Ush 267 billion due to a one-off Ush 110.9 billion tax settlement with the Uganda Revenue Authority. Excluding this settlement, underlying profit after tax rose 27.8% to Ush 377.9 billion.
“MTN Mobile Money continues to empower millions, driving fintech growth that supports businesses and transforms everyday transactions across Uganda,” said Richard Yego, Managing Director of MTN MoMo.
The board declared an interim dividend of Ush 10.0 per share—amounting to Ush 223.8 billion—payable on September 19, 2025.
MTN Uganda also highlighted its social investment initiatives, including the “21 Days of Y’ello Care” campaign. Partnering with four cultural kingdoms, the program supported hospitals and schools, benefiting more than 67,000 people. CSR spending in the period totaled Ush 1.6 billion.
“Our disciplined cost management and strategic investments have positioned MTN Uganda for sustainable long-term success,” said Andrew Bugembe, CFO.
Looking ahead, MTN Uganda plans to deepen digital inclusion, enhance service quality, and expand its fintech ecosystem to support individuals and businesses nationwide.