MTN Uganda, one of the biggest mobile phone and internet companies in Uganda, had a really good year in 2025. Their profits went up, mainly because more people are using mobile data (internet on phones) and their mobile money services (like digital payments, savings, and loans through the phone).
Here’s a simple breakdown of what happened:
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- Overall earnings from services (like calls, internet, and mobile money) grew by 13.4% to about Shs 3.6 trillion (that’s a huge amount — roughly $960 million at current exchange rates, where 1 USD is around 3,740 Shs).
- Internet/data business was the star performer: Revenue from data jumped 28.8% to Shs 1 trillion. More people got online — active data users rose almost 19% to 12 million, and total customers hit 24.2 million (up 10%).
- Fintech/mobile money also grew strongly: Revenue up 17.3% to Shs 1.1 trillion. About 14.7 million people actively use MTN’s mobile money. In 2025, customers did 5 billion transactions worth a massive Shs 195.5 trillion. This shows how Ugandans are using phones for everyday payments, sending money, saving, and even borrowing — with help from over 241,000 agents and nearly 115,000 merchants accepting digital payments.
- Profit after taxes rose 5.8% to Shs 678.8 billion. It would have been much higher (up 23.1% to Shs 789.7 billion) if not for a one-time tax payment of Shs 110.9 billion to settle an old issue with the tax authority.
- The company made good money from operations too — a key measure called EBITDA went up 17% to Shs 1.9 trillion.
- They spent a lot (Shs 549.4 billion) building better networks, including expanding 4G coverage to nearly 89% of the population and starting 5G in big cities. This helps more people get reliable internet.
MTN’s boss, Sylvia Mulinge, said reliable internet is the base for a modern economy — it lets people, businesses, and communities join in on digital opportunities.The company also helps the country a lot: It paid Shs 1.5 trillion in taxes and spent Shs 5.1 billion through its foundation on things like education, health, and getting more people online, helping over 22,400 people.
For shareholders (people who own part of the company), good news: The board suggests paying a final dividend of Shs 8.25 per share. That makes the total for the year Shs 28.75 per share — about Shs 643.7 billion going back to owners.
Looking forward, MTN expects more growth as even more Ugandans start using internet and mobile money. They aim for strong double-digit growth in services while keeping good profits
