MTN Rwanda reported strong growth across its data and fintech businesses in the first half of 2026, lifting revenue by 21.5% and profit after tax by 191.2%. The company maintained its medium-term guidance for mid-teens service-revenue growth and an EBITDA margin of 40% to 42%.
MTN Rwanda has reaffirmed its medium-term financial guidance after reporting strong growth in revenue, earnings and subscriber numbers during the first half of 2026.
The Rwandan business of MTN Group reported revenue of 168.6 billion Rwandan francs ($1.86 billion equivalent) for the six months ended June, representing a 21.5% increase from a year earlier. Service revenue rose 22% to 167.4 billion francs, supported by double-digit growth in its data and fintech operations.
Subscriber numbers increased 11.4% to 8.7 million, while active data subscribers rose 14.5% to 2.7 million. Active mobile-money users also increased 14.9% to 6.4 million, highlighting continued growth in MTN Rwanda's digital and financial-services businesses.
Profitability improved significantly during the period. Earnings before interest, tax, depreciation and amortisation, or EBITDA, increased 30.4% to 70.5 billion Rwandan francs, while profit after tax jumped 191.2% to 17.2 billion francs. TelecomPaper separately reported that the company's EBITDA margin increased by 2.8 percentage points to 41.8%.
MTN Rwanda CEO Monzer Ali said the company's customer offerings should continue supporting usage while helping more Rwandans participate in the digital economy.
The company's fintech operations remain a key part of its growth strategy. Ali highlighted eKash, Rwanda's national digital payment system, which allows MTN Mobile Money users to transfer funds between bank accounts and other mobile wallets.
MTN Rwanda said continued attention to cost control and operational efficiency should support further improvements in earnings and cash flow.
Following the first-half performance, the company reaffirmed its medium-term guidance for service-revenue growth in the mid-teens, an EBITDA margin of 40% to 42%, and capital expenditure intensity of 7% to 10%.
MTN Rwanda is the final major African operation of MTN Group to report its first-half results, following results from markets including Nigeria, Uganda and Ghana.
Comments (0)
You must be logged in to post comments.
No comments yet. Be the first to start the conversation!