MTN has announced a second interim dividend of Shs10.5 per share, representing a 40 percent increase from the previous payout. The increase follows robust third-quarter earnings, with the telecom announcing a total dividend payout of Shs235.1b.
MTN reported a profit after tax of Shs471.2b, an increase of 2.6 percent year-on-year, while adjusted profit, excluding a one-off tax settlement, increased by 26.7 percent to Shs582.1b.
‘Our strong financial results and higher dividend reflect our commitment to creating long-term shareholder value,’ said Andrew Bugembe, the MTN chief financial officer.
‘We remain disciplined in our capital management, balancing returns to investors with continued investment in network expansion and innovation.’
MTN’s EBITDA margin rose to 53.9 percent, up from 51.7 percent a year earlier, as EBITDA increased 18.5 percent to Shs1.4 trillion, an improvement that points to higher efficiency and stronger performance in digital and fintech-driven services.
Service revenue for the nine months to September rose by 13.6 percent to Shs2.6 trillion, driven by strong growth in data and fintech, the core pillars of the company’s Ambition 2025 strategy.
Data revenue rose by 30.2 percent to Shs762.8 billion, reflecting Uganda’s rapid digital adoption and growing reliance on internet-based communication, entertainment, and e-commerce.
The performance highlights the return on MTN’s continued investment in 4G and 5G networks.
Fintech revenue rose by 17.9 percent to Shs809b, boosted by the expansion of MTN Mobile Money, which processed transactions worth Shs140.8 trillion, a 23 percent increase year-on-year across 14.2 million users.
MTN chief executive officer Sylvia Mulinge, said digital and financial inclusion are not just commercial opportunities, but they are catalysts for national development.
‘When more Ugandans come online, learn, trade, and transact digitally, the entire economy benefits,’ she said, adding that MTN is building the foundation for Uganda’s digital future.
‘We are delivering not only financial returns but also opportunities for people, businesses, and communities to thrive. Our mission is to empower every Ugandan to participate meaningfully in the digital economy,’ she noted.
Investing in the Future. MTN invested Shs299.8b in capital expenditure during the period to support network modernisation and improve service quality.
The telecom extended 4G coverage to 88.3 percent of the population, increased 5G coverage to 19 percent, and rolled out 237 new sites and 5,880 kilometers of fibre.
Bugembe said the EBITDA margin above 50 percent showed ‘our core business is growing efficiently. Our stable cash flow allows us to invest in infrastructure while delivering attractive returns to shareholders’.