MTN Uganda invested a total of $ 86 million (Ush 299.8 billion) in capex in the nine months ending September 30, 2025, to boost voice clarity, data speeds, and mobile money platform stability, resulting in an improved customer experience.
This investment was made to further its main strategic and growth priorities, such as expanding broadband and fibre coverage and deepening financial inclusion.
The mobile operator reported its results for the period this week, explaining that it concentrated on growing broadband and fibre coverage, with 237 physical sites established and 5,880 kilometres of fibre deployed across the country.
MTN Uganda CEO Sylvia Mulinge also disclosed that 5G population coverage rose by 3.7 percentage points (pp) to 19.0% (2024: 15.3%) and 4G coverage improved by 0.4 pp to 88.3% (2024: 87.9%).
Regarding the promotion of financial inclusion, she continued: "In our effort to deepen financial inclusion and evolve our business towards more advanced services, we launched cross-border payments services between Uganda and Tanzania, as well as partnered with Dubai Duty Free to accelerate international remittances."
Mulinge noted that this is in addition to products announced earlier this year that aim to provide a differentiated experience for customers across investment, insurance, and lending platforms.
She pointed out: "The expansion of our financial services offering and continued push for digital payments underpinned a 23.0% growth in fintech transaction value to Ush 140.8 trillion."
Regarding other key performance measures, MTN Uganda revealed that total client base increased by 8.8% to 23.5 million, active data users grew by 18.6% to 11.0 million, and fintech sub-scribers rose by 8.0% to 14.2 million.
The burgeoning Mobile Money (MoMo) continued to shine during the period, with MoMo transaction volume soaring by 19.2% to 3.6 billion, MoMo transaction value growing by 23.0% to Ush 140.8 trillion, and advanced service income rising by 25.2%.
During the current reporting period, service revenue climbed by 13.6% to Ush 2.6 trillion; data revenue surged by 30.2% to Ush 762.8 billion; voice revenue increased by 0.8% to Ush 949.2 bil-lion; and fintech revenue increased by 17.9% to Ush 809.0 billion.
In terms of financial metrics, EBITDA surged by 18.5% to Ush 1.4 trillion; EBITDA margin increased by 2.2 percentage points to 53.9%; profit after tax increased by 2.6% to Ush 471.2 billion; and adjusted PAT rose by 26.7% to Ush 582.1 billion.
Looking ahead, Mulinge commented: “The robust performance achieved underscores our commitment to the execution of our business strategy. With a solid financial position, stable macro-environment and sustained network investment, we are poised to continue to create long-term value for all our stakeholders and we maintain our medium term guidance of “upper teens” ser-vice revenue growth and stable EBITDA margin above 50%."
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