MTN Uganda has reported a 9.7% drop in profit after tax to Ush 267.0 billion for the six months ended June 30, 2025.
This was after paying Ush 110 billion to settle a pricing audit covering the period 2012–2024.
The company clarified that this settlement is unrelated to a separate Ush 260 billion tax dispute with the Uganda Revenue Authority (URA) that erupted in 2024.That 2024 dispute centred on URA’s claim that MTN failed to remit taxes on trillions of shillings’ worth of local and international calls, based on the company’s own call data records.
MTN rejected the assessment as unfounded and accused URA of using coercive tactics, while URA maintained the taxes were owed.The standoff began with a Ush 1.5 trillion assessment before being reduced to Ush 260 billion during audit discussions.
Despite the impact of the latest Ush 110 billion payment, MTN’s half-year 2025 revenue grew 13.1% to Ush 1.97 trillion, supported by a 31.1% rise in data revenue to Ush 924.2 billion and steady growth in voice and fintech services.
Customer numbers rose 10.2% to 22.8 million, buoyed by network expansion.The board declared an interim dividend of Ush 10.0 per share, payable on September 19, 2025, to shareholders on record as of September 1, 2025.
MTN Uganda also confirmed shareholder approval to proceed with the separation of its mobile money business, MTN Mobile Money Uganda Limited, to unlock further platform growth opportunities.
