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Lifestyle Uganda > Blog > Business > MTN Uganda Sees Strong Q1 Growth as Profit Hits UGX 180.9 Billion
BusinessMobile and Telecommunication

MTN Uganda Sees Strong Q1 Growth as Profit Hits UGX 180.9 Billion

With over 22 million users and fintech transactions topping UGX 42 trillion, MTN Uganda reported double-digit revenue and earnings growth in early 2025.

Musasi Isaac Christopher
Last updated: 12th May 2025 5:10 pm
By
Musasi Isaac Christopher
ByMusasi Isaac Christopher
Staff Writer
As an aspiring lifestyle blogger at Lifestyle Uganda, I specialize in exploring the vibrant realms of health, food, and the restaurant industry. My passion for sharing...
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MTN Uganda posts strong Q1 profit on growth in data and mobile money.
CEO of MTN Uganda, Sylvia Mulinge. Photo/credit/CEOEastAfrica
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MTN Uganda has reported a 20.6% increase in profit after tax for the first quarter of 2025, as demand for data and mobile financial services continues to drive growth in the country’s largest telecom operator.

The company posted a net profit of UGX 180.9 billion, up from UGX 150 billion in the same period last year, according to unaudited results released on Wednesday. Total revenues rose to UGX 847 billion, a 12.9% increase from UGX 750 billion a year earlier.

Subscriber numbers grew by 14.6% to reach 22.8 million, with the number of active data users rising 19.4% to 10.2 million. MTN also reported a surge in financial technology transactions, which climbed nearly 20% in volume and 24% in value to UGX 42 trillion.

The company credited the performance to a mix of cost control, network investments, and a shift toward high-margin services. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 13.7% to UGX 444 billion, while the EBITDA margin improved to 52.4%.

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Chief Executive Sylvia Mulinge said the results reflected strategic investments, including efforts to expand 4G and 5G coverage, and partnerships aimed at improving digital access.

“Our investment of UGX 118.6 billion focused on improving network coverage and quality of service, especially in underserved areas,” Ms Mulinge said in a statement.

She added that recent infrastructure-sharing agreements with Airtel Uganda were expected to improve network efficiency and expand geographical reach, in line with national licence obligations.

While data and fintech services recorded strong double-digit growth, voice revenue rose by just 1.5%, held back by regulatory cuts to mobile termination rates. MTN’s earnings per share rose to UGX 8.1, up from UGX 6.7 in the first quarter of 2024.

The company also trimmed its net debt by 2.4%, bringing it down to UGX 1.12 trillion.

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ByMusasi Isaac Christopher
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As an aspiring lifestyle blogger at Lifestyle Uganda, I specialize in exploring the vibrant realms of health, food, and the restaurant industry. My passion for sharing insights and experiences drives my content, aiming to inspire and inform readers about the latest trends and tips in healthy living and culinary delights. Connect with me on WhatsApp at +256759100143.
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