{"id":54103,"date":"2025-05-06T13:50:10","date_gmt":"2025-05-06T13:50:10","guid":{"rendered":"https:\/\/new.igihe.com\/mtn-rwanda-reports-frw1-6-billion-profit-after-tax-in-first-quarter-of-2025\/"},"modified":"2025-05-06T13:50:02","modified_gmt":"2025-05-06T13:50:02","slug":"mtn-rwanda-reports-frw1-6-billion-profit-after-tax-in-first-quarter-of-2025","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/mtn-rwanda-reports-frw1-6-billion-profit-after-tax-in-first-quarter-of-2025\/","title":{"rendered":"MTN Rwanda reports Frw1.6 billion profit after tax in first quarter of 2025"},"content":{"rendered":"

This significant financial turnaround, announced in the company\u2019s results for the period ended 31 March 2025, was fueled by robust revenue growth and reduced depreciation costs.<\/p>\n

The company achieved a 12.3% YoY increase in service revenue, totaling Frw67.2 billion, with strong performances in its fintech and data segments. <\/p>\n

Data revenue rose by 12.2%, propelled by a 33.6% spike in data traffic and growing smartphone penetration, which now stands at 41.8%. <\/p>\n

Popular offerings like GWAMON\u2019 data and voice bundles have continued to drive customer engagement, despite a slight decline in active data users due to heightened market competition.<\/p>\n

MTN Rwanda\u2019s Mobile Money (MoMo) platform remains a cornerstone of its growth, with revenue climbing 28.0% YoY. The platform now serves 5.3 million active users, reflecting strong adoption of advanced services such as payments and remittances. <\/p>\n

\u201cThe way Rwandans are embracing MoMo in their daily lives is both a source of pride and a deep responsibility,\u201d said Chantal Kagame, CEO of Mobile Money Rwanda Ltd. <\/p>\n

\u201cAs a dedicated partner in Rwanda\u2019s progress, we remain Focused on responsible and inclusive innovation which are key to advancing the country\u2019s ambitious Financial inclusion goals, together.\u201d<\/p>\n

The company\u2019s total subscriber base grew by 2.8% to 7.6 million, while earnings before interest, tax, depreciation, and amortization (EBITDA) increased by 9.3% to Rwf 26.5 billion. <\/p>\n

However, the EBITDA margin dipped slightly by 1.2 percentage points to 38.9%, impacted by currency depreciation and higher operational costs. <\/p>\n

\u201cWe are pleased with the growth and return to profitability,\u201d said Dunstan Ayodele Stober, Acting Chief Finance Officer. <\/p>\n

\u201cWe continue our efforts to improve profitability through a disciplined expense efficiency program and value-based capital allocation. As we execute our Ambition 2025 strategy, our focus remains on building financial resilience and driving long-term value for our stakeholders .\u201d<\/p>\n

Commenting on the results, newly appointed CEO Monzer Ali expressed optimism about MTN Rwanda\u2019s trajectory. <\/p>\n

\u201cI am energized by the opportunity to build on our strong foundation[…] I am particularly pleased with our Q1 results, which reflect the strength of our connectivity and platform business together with the resilience of our team,\u201d he said. <\/p>\n

\u201cWe remain committed to leading Rwanda\u2019s digital transformation by delivering innovative, inclusive solutions that enable progress for all Rwandans,\u201d Monzer added.<\/p>\n

Beyond financial performance, MTN Rwanda continues to empower communities through its corporate social responsibility efforts. <\/p>\n

The company awarded Rwf 14.5 million to 40 MTN agents under its Level Up Your Biz program, supporting local entrepreneurs with training in digital marketing, finance, and business growth.<\/p>\n

\"The<\/figure>\n
\"MTN<\/figure>\n","protected":false},"excerpt":{"rendered":"

MTN Rwandacell Plc (MTN Rwanda) has reported a remarkable 228.6% year-on-year (YoY) surge in profit after tax, reaching Rwf 1.6 billion for the first quarter of 2025.<\/p>\n","protected":false},"author":62,"featured_media":2000086758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-54103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000086758,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/mtn-24-48d11-2-1b802.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/mtn-24-48d11-2-1b802.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/mtn-24-48d11-2-1b802.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/mtn-24-48d11-2-1b802.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/mtn-24-48d11-2-1b802.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/mtn-24-48d11-2-1b802.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/54103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=54103"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/54103\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000086758"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=54103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=54103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=54103"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=54103"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=54103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}