MTN Uganda Limited has declared a second interim dividend of Shs 10.5 per share, marking a 40 percent increase from the previous payment. The company said the move was supported by strong financial results for the third quarter of 2025, reflecting its leadership in Uganda’s fast-growing digital and financial services market.
The telecommunications company announced that the dividend, valued at Shs 235.1 billion, will be paid out to shareholders on December 19, 2025, while the book closure date has been fixed for December 1, 2025. This means only investors whose names are on the company’s register by that date will be eligible to receive the payout.
MTN Uganda executives said the decision to increase the dividend shows the company’s confidence in its ability to generate strong cash flow and maintain a healthy earnings outlook, despite a competitive and changing market.
According to the company’s financial statement, profit after tax rose by 2.6 percent year-on-year to Shs 471.2 billion, while adjusted profit—excluding a one-time tax settlement—jumped by 26.7 percent to Shs 582.1 billion. The figures highlight the underlying strength of MTN Uganda’s business model and its ability to manage costs effectively.
Speaking on the results, Mr. Andrew Bugembe, the Chief Financial Officer (CFO) of MTN Uganda, said the company’s performance shows its long-term commitment to rewarding investors and sustaining growth.
“Our strong financial results and higher dividend reflect MTN Uganda’s dedication to creating long-term value for our shareholders,” Bugembe said. “We continue to manage our capital carefully, balancing returns to investors with ongoing investments in network expansion and innovation.”
MTN Uganda’s EBITDA margin—a measure of profitability before tax and other deductions—stood at 53.9 percent, an improvement from 51.7 percent in the previous year. Overall, EBITDA grew by 18.5 percent to reach Shs 1.4 trillion, showing improved operational efficiency and stronger performance in the company’s digital and fintech services.
For the nine months ending September 2025, service revenue rose by 13.6 percent to Shs 2.6 trillion, mainly driven by rapid growth in data and financial technology (fintech), which are central to the company’s Ambition 2025 strategy.
Data revenue climbed by 30.2 percent to Shs 762.8 billion, supported by Uganda’s fast digital adoption as more people use the internet for work, education, entertainment, and online shopping. The company said this growth came as a result of heavy investments in its 4G and 5G networks, which have improved speed and reliability across the country.
On the fintech side, revenue grew by 17.9 percent to Shs 809 billion, powered by the success of MTN MoMo, the mobile money platform that processed Shs 140.8 trillion in transactions—an increase of 23 percent from the previous year. MTN said it now has 14.2 million active fintech users, a sign that digital financial services are playing a major role in Uganda’s journey toward a cashless economy.
The Chief Executive Officer (CEO) of MTN Uganda, Mrs. Sylvia Mulinge, said the company’s performance shows how technology is helping to drive economic development and financial inclusion across the country.
“Our progress shows that digital and financial inclusion are not just business opportunities—they are tools for national growth,” Mulinge said. “When more Ugandans come online and participate in the digital economy, the entire nation benefits.”
During the period under review, MTN Uganda invested Shs 299.8 billion in capital expenditure to upgrade its infrastructure and improve service quality. The company expanded 4G coverage to 88.3 percent of the population, rolled out 5G coverage to 19 percent, and added 237 new network sites along with 5,880 kilometres of fibre. These expansions are expected to support entrepreneurs, small businesses, and rural communities that depend on reliable internet connections.
MTN Uganda’s impressive financial results have also been matched by recognition in the business community. The company was recently named Uganda’s Most Admired Brand by Brand Africa and Employer of the Year 2025 by the Federation of Uganda Employers. In addition, it released its first Sustainability Report, outlining progress in youth empowerment, digital inclusion, and innovation through initiatives like the Pachi Panda Innovation Challenge.
Looking forward, CFO Andrew Bugembe said MTN Uganda is confident of sustaining its performance. “With an EBITDA margin above 50 percent, our business remains efficient and well-positioned for future growth. We will continue to invest in infrastructure and ensure shareholders enjoy consistent returns,” he said.
MTN Uganda expects double-digit growth in service revenue in the coming quarters, supported by rising smartphone use, fintech expansion, and a stable economic outlook. The company said it remains committed to its Ambition 2025 plan, which focuses on deepening digital adoption, expanding financial inclusion, and contributing to Uganda’s long-term digital transformation.
