By David Mwanje
MTN Uganda has announced a second interim dividend of Shs 10.5 per share, a 40 percent increase from the previous payout. The total dividend of Shs 235.1 billion will be paid on December 19, 2025, with the book closure set for December 1.
The increase follows the company’s solid third-quarter results and continued growth in digital and financial services, which now contribute a major share of its earnings.
For the nine months ending September 2025, MTN’s profit after tax rose by 2.6 percent to Shs 471.2 billion. Excluding a one-off tax settlement, underlying profit grew by 26.7 percent to Shs 582.1 billion.
Service revenue increased by 13.6 percent to Shs 2.6 trillion, driven mainly by higher data and fintech usage. Data revenue rose by 30.2 percent to Shs 762.8 billion, supported by wider internet coverage. MTN expanded its 4G networkto 88.3 percent of the population and 5G to 19 percent, adding 237 new sites and 5,880 kilometers of fiber. Capital expenditure reached Shs 299.8 billion, focused on improving rural connectivity.
In fintech, MTN’s mobile money revenue grew by 17.9 percent to Shs 809 billion, with transactions totaling Shs 140.8 trillion, a 23 percent year-on-year rise. The service now has 14.2 million active users.
Earnings before interest, tax, depreciation and amortization (EBITDA) rose by 18.5 percent to Shs 1.4 trillion, pushing margins up to 53.9 percent from 51.7 percent.
Analysts note that MTN’s performance reflects its growing focus on data and financial technology services, even as competition from Airtel and rising operational costs remain challenges.
