MTN Uganda's Profit After Tax Drops by 9.7%, Subscribers Increased to 22.8M in H1'25

MTN Uganda posts strong H1 2025 results driven by data and fintech growth - Innovation Village | Technology, Product Reviews, Business

MTN Uganda recorded a robust performance in the first half of 2025, with data revenue surging 31.3% year-on-year to Ush 490.2 billion ($133.7 million). This sharp rise highlights the growing shift in customer preferences toward digital services. In contrast, voice revenue inched up by just 0.4%—a steep slowdown compared to the 15.1% growth recorded in H1 2024. The results, detailed in the company’s financial report for the six months ending 30 J…

MTN Reports 13.3% H1 Revenue Growth to Shs1.7 Trillion as Digital and Fintech Growth Accelerates

MTN Uganda has reported a 13.3% increase in total revenue to Ush 1.7 trillion for the six months ending June 30, 2025, driven by strong demand for data and digital financial services as more Ugandans embrace the digital economy. Data revenue surged 31.3% to Ush 490.2 billion, fueled by a 23.4% increase in active data users to 10.8 million. Fintech income grew 18.6% to Ush 524.6 billion, with MTN MoMo expanding its customer base to 13.3 million, …

MTN Uganda sees data revenue overtake voice in H1 2025 earnings

MTN Uganda reported strong growth in its H1 2025 results, with customer numbers rising 10.2% year-on-year to 22.8 million and revenue climbing 13.1% to $479.88 million. The growth was largely driven by higher data usage and increased MTN MoMo transactions.

MTN Uganda hits $483 million half-year revenue in 2025

Key PointsRevenue climbed 13.1% to $483.3 million, driven by double-digit growth in data and fintech, offsetting sluggish voice performance.Data revenue surged 31.3% on wider 4G and 5G coverage, rising device financing uptake, and a 23.4% subscriber increase.Shareholders approved fintech spin-off, aiming to boost independent growth and long-term shareholder value creation.MTN Uganda, the Kampala-based telecom operator partly owned by Ugandan tyc…

MTN Uganda's profit after tax drops by 9.7%, subscribers increased to 22.8M in H1'25

MTN Uganda has recorded a 9.7% year-on-year drop in its profit after tax (PAT) to Ush 267 billion. The company also posted a 10.2% growth in subscriber base to 22.8 million for the first half of 2025.   According to the financial results made available on the Uganda Securities Exchange, MTN Uganda attributed the drop in PAT to a 115% increase in tax payment on account of a once-off settlement following an assessment by the Uganda Revenue Authori…

Despite UGX 110.9 billion Tax Settlement, MTN Uganda Posts Double-Digit Growth and Record Margins in H1 2025

MTN Uganda has reported strong first-half 2025 results, delivering resilient growth and improved profitability metrics despite regulatory challenges and a one-off UGX 110.9 billion tax settlement with the Uganda Revenue... The post Despite UGX 110.9 billion Tax Settlement, MTN Uganda Posts Double-Digit Growth and Record Margins in H1 2025 appeared first on CEO East Africa.