MTN Uganda has reported Shs 1.7 trillion in total revenue for the six months ended June 30, 2025, reflecting solid growth in both data and fintech services, supported by ongoing investment in digital infrastructure and customer experience.
The company’s financial results show a 31.3% increase in data revenue to Shs 490.2 billion, and an 18.6% rise in fintech revenue to Shs 524.6 billion. Voice revenue remained stable at Shs 629 billion, up 0.4% year-on-year.
MTN’s customer base grew by 10.2% to 22.8 million, with active data subscribers rising 23.4% to 10.8 million, and fintech users increasing 6% to 13.3 million, underscoring the growing adoption of digital financial services across the market.
“We are encouraged by the trust our customers continue to place in MTN,” said Sylvia Mulinge, CEO of MTN Uganda. “Our focus on enhancing the network, broadening access, and improving service quality continues to support both performance and impact.”
During the reporting period, MTN Uganda invested Shs 219.7 billion in network infrastructure, commissioning 355 new sites—mainly to expand 4G and 5G coverage. 4G population coverage rose from 87.8% to 88.2%, while 5G coverage increased to 19%, up from 15.3% in December 2024. The company also expanded its fibre network, improving capacity and supporting the rollout of home broadband services.
EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) grew by 17.8% to Shs 924.2 billion, driven by efficiency gains and scale.
MTN Uganda contributed Shs 681 billion in taxes over the six-month period and concluded a one-off tax settlement of Shs 110.9 billion with the Uganda Revenue Authority. As a result, profit after tax declined 9.7% to Shs 267 billion. However, excluding the impact of the settlement, underlying profit after tax increased by 27.8% to Shs 377.9 billion.
The Board declared an interim dividend of Shs 10.0 per share, totaling Shs 223.8 billion, to be paid out on September 19, 2025.
As part of its commitment to inclusive development, MTN Uganda extended digital access to underserved communities through its “21 Days of Y’ello Care” initiative. The campaign, delivered in partnership with four cultural kingdoms, supported hospitals and schools and reached over 67,000 beneficiaries. Total CSR investment during the period amounted to Shs 1.6 billion.
