MTN Uganda has released impressive financial results for the first half of 2025, showcasing not only strong business performance but also its substantial contribution to Uganda’s economic growth.
The company reported a 13.3% increase in total revenue to Shs 1.7 trillion, driven by significant growth in data and fintech services. This financial success directly translates into a massive tax contribution, cementing MTN’s role as a major driver of the nation’s economic progress.
Driving Revenue and Digital Transformation
MTN Uganda’s financial strength is reinforced by the increasing adoption of digital services. The financial report released by the company indicates that data income surged by 31.3% to Shs490.2 billion, while fintech revenue, primarily from its mobile money platform, grew by 18.6% to Shs524.6 billion.
This growth reflects a broader trend of Ugandans embracing the digital economy for communication, financial transactions, and commerce. The company’s customer base expanded to 22.8 million, with active data users reaching 10.8 million, showing its extensive reach across the country.
According to CEO Sylvia Mulinge, who was flanked by Richard Yego, the CEO of MoMo by MTN, this performance is a result of the company’s sustained investment in its digital infrastructure.
“Our focus on enhancing the network, broadening access, and improving service quality continues to support both performance and impact,” she said.
Mulinge revealed that MTN invested Shs219.7 billion in its network during the period, deploying 355 new sites to expand its 4G and 5G coverage. This continuous investment, according to Mulinge, not only improves customer experience but also creates the digital backbone necessary for a modern, connected economy.
Major Contributor to the National Treasury
Beyond its operational performance, MTN is a vital partner to the government in national development through its tax contributions.
Mulinge revealed that in the first half of 2025 alone, MTN Uganda contributed a significant Shs681 billion in taxes.
This contribution is a cornerstone of the national budget, funding essential public services, infrastructure projects, and government operations.
The company’s profit after tax, which declined by 9.7% to Shs267 billion, was largely impacted by a significant one-off tax settlement of Shs110.9 billion with the Uganda Revenue Authority (URA).
Excluding this settlement, the company’s underlying profit grew by 27.8%, highlighting its solid financial health.
This consistent tax revenue stream from the telecommunications sector is crucial for Uganda’s fiscal stability and has a multiplier effect on the economy.
The money collected helps the government attract foreign direct investment by creating a predictable business environment and supports economic activities that lead to job creation.
Fueling Inclusive Development
MTN’s impact also extends to social responsibility. Through its “21 Days of Y’ello Care” initiative, the company partnered with four kingdoms to extend digital access to underserved communities.
This campaign supported hospitals and schools, benefiting over 67,000 people and demonstrating a commitment to inclusive development.
With a total CSR investment of Shs1.6 billion in the period, MTN is actively working to bridge the digital divide and contribute to the well-being of the communities it serves.