MTN Uganda Ltd has declared a second interim dividend of Shs 10.5 per share, representing a 40 percent increase from the previous payout, following strong third-quarter earnings that underscore the company’s growing leadership in digital and financial services.
The dividend, totaling Shs 235.1 billion, will be paid on December 19, 2025, with the book closure set for December 1, 2025.
The decision reflects management’s confidence in MTN Uganda’s strong cash generation and sustainable earnings outlook. Profit after tax rose 2.6 percent year-on-year to Shs 471.2 billion, while adjusted profit—excluding a one-off tax settlement—increased 26.7 percent to Shs 582.1 billion, highlighting the underlying strength of the business.
MTN Uganda Chief Financial Officer Andrew Bugembe said the results reaffirm the company’s commitment to delivering consistent value to investors.
“Our strong financial results and higher dividend reflect MTN Uganda’s commitment to creating long-term shareholder value. We remain disciplined in our capital management, balancing returns to investors with continued investment in network expansion and innovation,” he said.
For investors, MTN Uganda’s performance signals both resilience and growth potential in a dynamic market. The company maintained an EBITDA margin of 53.9 percent, up from 51.7 percent a year earlier, as EBITDA grew 18.5 percent to Shs 1.4 trillion—a sign of greater efficiency and stronger performance in higher-margin digital services.
Service revenue for the nine months to September 2025 rose 13.6 percent to Shs 2.6 trillion, driven by strong growth in data and fintech, which remain central to the company’s Ambition 2025 strategy.
Data revenue grew 30.2 percent to Shs 762.8 billion, reflecting Uganda’s rapid digital adoption and growing reliance on internet-based communication, entertainment, and commerce. This growth demonstrates the returns from MTN’s continued investment in high-speed 4G and 5G networks, which are enabling faster, more reliable connectivity across the country.
Fintech revenue increased 17.9 percent to Shs 809 billion, supported by the expansion of MTN MoMo, which processed Shs 140.8 trillion in transactions—up 23 percent from the previous year. The number of active fintech users reached 14.2 million, underscoring how digital financial services are deepening inclusion and advancing Uganda’s cashless economy.
MTN Uganda Chief Executive Officer Sylvia Mulinge said the company’s progress illustrates the transformative power of technology.
“Our performance shows that digital and financial inclusion are not just commercial opportunities—they are catalysts for national development. When more Ugandans come online, learn, trade, and transact digitally, the entire economy benefits,” she said.
She added that MTN is building the foundation for Uganda’s digital future:
“We are not only delivering financial returns but also creating opportunities for people, businesses, and communities to thrive. Our mission is to drive innovation and empower every Ugandan to participate meaningfully in the digital economy.”
During the period, MTN Uganda invested Shs 299.8 billion in capital expenditure to support network modernization and service quality. The company extended 4G coverage to 88.3 percent of the population, expanded 5G coverage to 19 percent, and rolled out 237 new sites along with 5,880 kilometers of fiber. These investments are enabling the company to meet rising data demand while opening new opportunities for entrepreneurs, small businesses, and rural communities.
MTN Uganda’s strong financial results have been complemented by growing recognition for its brand and workplace culture. The company was named Uganda’s Most Admired Brand by Brand Africa and Employer of the Year 2025 by the Federation of Uganda Employers. It also released its first Sustainability Report, highlighting progress in bridging the digital divide, empowering youth, and fostering innovation through programs such as the Pachi Panda Innovation Challenge.
Bugembe noted that MTN’s strong fundamentals position it well for the future.
“An EBITDA margin above 50 percent shows that our core business is not only growing but doing so efficiently. Our stable cash flow allows us to continue investing in infrastructure and delivering attractive returns to shareholders,” he said.
Looking ahead, MTN Uganda expects continued double-digit growth in service revenue, supported by rising smartphone adoption, fintech expansion, and a favorable economic environment. Guided by its Ambition 2025 strategy, the company aims to deepen digital adoption, expand financial inclusion, and support Uganda’s long-term digital transformation agenda.
