MTC Namibia, the country’s largest telecoms operator with 2.4 million subscribers, has posted after-tax profits of $60 million (N$1.02 billion) for the year ended September 2025.
The sharp rise from $45 million (N$772.9 million) in 2024 was mainly driven by rising data usage, strong enterprise demand and prepaid momentum across Africa’s most digitally ambitious frontier markets.
Managing Director Licky Erastus, said the results as reflect a year of disciplined execution and strategic repositioning as MTC transitions from a traditional telco into a digital Service and Solutions Provider.
“Our financial results for 2025 show resilience. It shows discipline, execution, and it also reflects the bold steps that we have taken as an organisation to transform and transition from a traditional mobile telecom to a DSSP,” he stated.
Total revenue rose 14.4% to $214.6 million (N$3.7 billion), outpacing the 5.8% growth recorded last year. Enterprise services grew 36.8%, prepaid revenue climbed 14.6% and data traffic shot up by 26.6% as Namibians increasingly consumed high-speed digital services across mobile and fixed broadband.
Erastus highlighted that MTC maintained 87% of Namibia’s mobile market, with nationwide network coverage exceeding 98% of the population and LTE coverage at 86.5%. He added that the advancing rollout of MTC Maris, the company’s emerging fintech and digital services platform, reinforces long-term growth plans.
“We delivered strong, consistent financial results despite the challenging macroeconomic environment. We also materially advanced our strategic transformation, particularly in enterprise, fintech and digital platforms,” he said.
The country’s dominant mobile operator declared dividends of $42 million (N$722 million), the highest in its history, while EBITDA margins improved from 45.9% to 49.1%, reflecting tight cost control, improved operating leverage and the absence of last year’s national regulator levy.
Erastus stressed that the operator’s strengthened performance builds on a multi-year partnership with Huawei, including Namibia’s first 5G trials and the commercial launch of 5G in August. The Namibia telecoms giant deployed 1 672 km of new fibre in the year, expanding high-speed connectivity to Windhoek, the coast and key economic corridors.
As Namibia’s young, digitally native population accelerates consumption of online content, MTC says it will prioritise 5G expansion, enterprise cloud services, cybersecurity and its growing mobile-money ecosystem.
“We stay true to our purpose of enabling connectivity and digital inclusion for all Namibians,” said Erastus.
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