MTN Uganda profit hits Shs 678.8bn as data and fintech drive growth

KAMPALA, Uganda — MTN Uganda reported a 5.8% increase in after-tax profit to 678.8 billion shillings for the year ended Dec. 31, 2025, fueled by a surge in data adoption and mobile financial services.

The performance came despite a one-off tax settlement of 110.9 billion shillings with the Uganda Revenue Authority. Excluding this nonrecurring item, underlying profit jumped 23.1% to 789.7 billion shillings.

Service revenue climbed 13.4% to 3.6 trillion shillings, while earnings before interest, tax, depreciation and amortization (EBITDA) rose 17% to 1.9 trillion shillings. The board proposed a final dividend of 8.25 shillings per share, bringing the total annual payout to 28.75 shillings per share, or 643.7 billion shillings.

Data emerged as the fastest-growing segment, with revenue increasing 28.8% to 1 trillion shillings. Active data users grew 18.6% to 12 million, supporting a total subscriber base of 24.2 million.

Fintech revenue, driven by MTN Mobile Money, rose 17.3% to 1.1 trillion shillings. The platform’s 14.7 million active users processed 5 billion transactions valued at 195.5 trillion shillings during the period. The ecosystem now supports more than 241,000 agents and 114,800 merchants across the country.

To meet rising demand, the company invested 549.4 billion shillings in infrastructure, extending 4G coverage to 88.6% of the population and continuing its 5G rollout.

Chief Executive Officer Sylvia Mulinge said the investments are designed to ensure individuals and businesses can access the opportunities of a modern digital economy.

The company also highlighted its broader economic impact, contributing 1.5 trillion shillings in taxes and investing 5.1 billion shillings in community projects through the MTN Foundation.

MTN Uganda remains the largest entity on the Uganda Securities Exchange. Management maintained a medium-term outlook of upper-teens service revenue growth and EBITDA margins above 50%.