Financials MTN Uganda Limited

Equities

End-of-day quote UGANDA SECURITIES EXCHANGE Other stock markets 10/04/2026			5-day change	1st Jan Change
467.86 ^UGX	-0.10%		-1.33%	+48.53%

03-13	MTN Uganda maintains medium-term guidance of upper-teens service revenue growth	RE
03-12	MTN Uganda Limited Reports Earnings Results for the Full Year Ended December 31, 2025	CI

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	2,286	2,669	3,173	3,604	3,580
Change	-	-	16.75%	18.87%	13.59%	-0.68%
EBITDA	-	1,179,392	-	-	1,937,408	-
Change	-	-	-	-	-	-
EBIT	-	772,277	-	-	1,387,057	-
Change	-	-	-	-	-	-
Interest Paid	-	-219,172	-	-	-	-
Earnings before Tax (EBT)	-	591,029	-	-	1,134,705	-
Change	-	-	-	-	-	-
Net income	340,410	406,050	-	-	678,763	-
Change	-	19.28%	-	-	-	-
Announcement Date	07/03/22	09/03/23	15/01/24	24/03/25	13/03/26	-

¹UGX in Billions

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt	-	1,121,287	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	07/03/22	09/03/23	15/01/24	24/03/25	13/03/26	-

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025
CAPEX ¹	170,114	212,796	295,574	319,028	376,870	412,454
Change	-	25.09%	38.9%	7.94%	18.13%	9.44%
Free Cash Flow (FCF) ¹	-166,876	444,170	539,351	598,350	636,869	964,176
Change	-	366.17%	21.43%	10.94%	6.44%	51.39%
Announcement Date	11/03/21	05/05/22	27/04/23	26/03/24	24/03/25	24/03/26

¹UGX in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	-	51,586.27%	-	-	53,756.4%	-
EBIT Margin (%)	-	-	33,779.18%	-	-	38,486.06%	-
EBT Margin (%)	-	-	25,851.44%	-	-	31,484.15%	-
Net margin (%)	-	-	17,760.53%	-	-	18,833.34%	-
FCF margin (%)	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-
Profitability
ROA	9.75%	13.13%	13.29%	13.43%	15.51%	17.32%	-
ROE	27.36%	43.58%	46.67%	51.41%	58.03%	56.03%	-
Financial Health
Leverage (Debt/EBITDA)	1.71x	1x	1.12x	1.06x	0.89x	0.83x	-
Debt / Free cash flow	-5.78x	2.04x	2.08x	2.02x	1.94x	1.41x	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	15.9	18	22.6	28.75	27.96
Change	-	-	-	13.21%	25.56%	27.21%	-2.75%
Book Value Per Share ¹	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
EPS ¹	-	15.2	18.14	-	-	30.3	-
Change	-	-	19.34%	-	-	-	-
Nbr of stocks (in thousands)	-	22,389,044	22,389,044	22,389,044	22,389,044	22,389,044	22,389,044
Announcement Date	-	07/03/22	09/03/23	15/01/24	24/03/25	13/03/26	-