MTN Uganda has reported strong financial and operational performance for the year ended 31 December 2025, driven by growth in service revenue, data consumption and fintech services.
The telecom operator recorded total revenue of UGX 3.6 trillion, representing a 13.6% year-on-year increase, while service revenue rose 13.4% to UGX 3.57 trillion. EBITDA grew 17.0% to UGX 1.9 trillion, with the EBITDA margin improving to 53.8%, up 1.6 percentage points from the previous year.
Profit after tax increased 5.8% to UGX 678.8 billion. After adjusting for a one-off tax settlement of UGX 110.9 billion related to a transfer pricing audit covering 2012–2024, adjusted profit after tax rose 23.1% to UGX 789.7 billion. The board approved a final dividend of UGX 8.25 per share, bringing the total dividend for the year to UGX 28.75 per share.
MTN Uganda CEO Sylvia Mulinge said the results reflect the company’s continued focus on customer-centric services, network investment and innovation, supported by favourable macroeconomic conditions including low inflation and a stable currency.
Uganda’s inflation averaged 3.6% in 2025, while the Ugandan shilling appreciated for the second consecutive year, supported by stronger export receipts and increased foreign investment.
Data and fintech services drive growth
Data services continued to expand rapidly, with data revenue rising 28.8% to UGX 1.0 trillion. Active data users grew 18.6% to 12 million, while data traffic surged 51.2%. Smartphone penetration on the network reached 42.8%, supported by device financing programmes that encourage smartphone adoption.
Fintech services remained a key growth driver. Fintech revenue increased 17.3% to UGX 1.1 trillion, supported by 14.7 million fintech subscribers, up 6.5% year-on-year.
Transaction volumes increased 16.8% to 5 billion, while the total value of transactions rose 23.3% to UGX 195.5 trillion. Advanced fintech services—including payments, lending and savings—accounted for 30.6% of fintech revenue, highlighting growing adoption of mobile financial services.
Network expansion and ESG progress
MTN Uganda invested UGX 549.4 billion in network upgrades and coverage expansion during the year. By the end of 2025, 4G population coverage reached 88.6%, while 3G coverage expanded to 96.2%. The company also continued its 5G rollout, adding 126 sites and extending coverage to 19% of the population.
The company also highlighted progress in its environmental and social commitments. As part of its Net Zero 2040 strategy, MTN Uganda reduced greenhouse gas emissions by 43% compared with its 2021 baseline. Through the MTN Foundation, the operator invested more than UGX 5.1 billion in projects focused on education, healthcare and ICT development.
Looking ahead, the company expects continued growth supported by positive economic conditions. The Bank of Uganda projects economic growth of between 6.5% and 7.0% for the 2025/26 financial year, driven by investment inflows, export earnings and tourism recovery.
MTN Uganda confirmed that the dividend book closure will take place on 10 April 2026, with payments scheduled for 30 April 2026.
