{"id":56169,"date":"2025-11-04T15:50:45","date_gmt":"2025-11-04T15:50:45","guid":{"rendered":"https:\/\/new.igihe.com\/mtn-rwanda-reports-frw-13-3-billion-profit-after-tax\/"},"modified":"2025-11-04T15:50:40","modified_gmt":"2025-11-04T15:50:40","slug":"mtn-rwanda-reports-frw-13-3-billion-profit-after-tax","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/mtn-rwanda-reports-frw-13-3-billion-profit-after-tax\/","title":{"rendered":"MTN Rwanda reports Frw 13.3 billion profit after tax"},"content":{"rendered":"

Mobile Subscribers grew by 6.9% to 8.1 million, while Active Data subscribers increased by 7.5% to 2.5 million. Active MoMo users rose by 12.2% to 5.8 million, underpinned by an expanding merchant network which reached 578k by the end of the quarter.<\/p>\n

Service revenue increased by 14.2% to Frw 216.2 billion, driven by strong growth in Data and Mobile Money (MoMo) revenues, offsetting softer voice trends as customers continued their migration toward digital and fintech solutions.<\/p>\n

Commenting on the results, Monzer Ali, Chief Executive Officer of MTN Rwanda, said: \u201cReaching the 8 million subscriber milestone marks a defining moment for MTN Rwanda, a reflection of the deep trust Rwandans continue to place in our brand and services. This achievement underscores our unwavering commitment to growth, operational excellence, and innovation with purpose. <\/p>\n

“As a strategic partner in Rwanda\u2019s digital transformation journey, we remain focused on expanding access to connectivity, accelerating digital inclusion, and enabling every Rwandan to benefit from the opportunities of the digital economy. Through initiatives such as Tunga Taci na MTN, we continue to make smartphones more affordable and accessible, ensuring that no one is left behind in the country\u2019s bold digital future.\u201d<\/p>\n

Launched in August 2025, Tunga Taci na MTN is a new device financing programme introduced in partnership with Yellow Digital Retailers. <\/p>\n

The initiative enables customers to acquire smartphones through flexible monthly payment plans, making ownership of smart devices more affordable and accessible. <\/p>\n

Through this programme, MTN Rwanda continues to champion smartphone adoption, supporting the country\u2019s Vision 2050 agenda of building a digitally empowered, knowledge-based society. <\/p>\n

\u201cTunga Taci na MTN\u201d follows on the success of 2024\u2019s Ikosora+ initiative and reinforces the company\u2019s purpose of enabling leading digital solutions for Rwanda\u2019s progress.<\/p>\n

The company\u2019s fintech subsidiary, Mobile Money Rwanda Ltd (MoMo Rwanda), continued to deliver outstanding growth, with MoMo revenue up 30.2% year-on-year to Frw 109.4 billion. <\/p>\n

This performance was driven by the expansion of advanced services (payments, remittances and lending), which grew by 37.0% and now contribute 28.5% of MoMo revenue. MoMo\u2019s contribution to service revenue rose to 50.6%, highlighting its central role in driving financial inclusion and Rwanda\u2019s transition toward a cashless economy.<\/p>\n

“As MTN Rwanda celebrates surpassing eight million customers, MoMo remains at the heart of this growth story, connecting people to opportunity and prosperity. Our MoMo customer base grew by 634,000 reaching 5.8 million, a strong testament to the trust and adoption Rwandans continue to place in us as they embrace a digital lifestyle,” said Chantal Kagame, Chief Executive Officer of Mobile Money Rwanda Ltd.<\/p>\n

As she explained, this digital momentum is clearly reflected in the MoMoPay ecosystem, where both merchants and users continue to grow hand in hand. <\/p>\n

The company’s merchant base reached an all-time high of 578k, while active MoMoPay users increased to 3.7 million, demonstrating how MoMo is digitizing day-to-day payments and driving financial inclusion across Rwanda.<\/p>\n

“Today, average monthly MoMo transaction volumes have reached a record 246 million, underscoring how deeply MoMo is woven into the fabric of everyday life. Through innovation and inclusion, we are not just powering transactions, we are powering transformation, ensuring that every Rwandan is equipped to participate and thrive in the country\u2019s digital future,\u201d Chantal Kagame added. <\/p>\n

Data revenue grew by 7.9% to Frw 35.8 billion, supported by an increase in 4G users and growth in 4G traffic. These gains were achieved through continuous network expansion and optimisation and targeted 3G-to-4G migration campaigns that have enhanced the customer experience. Voice revenue declined by 2.7% year-on-year as usage trends continue to evolve; however, focused customer-value propositions delivered a 1.8% quarter-on-quarter recovery.<\/p>\n

Operational efficiencies remain a key priority, with the company realising cost savings through the execution of its Expense Efficiency Programme (EEP). Earnings Before Interest Tax Depreciation and Amortisation (EBITDA) rose by 36.7% to Frw 89.7 billion, with the EBITDA margin expanding by 7.2 percentage points to 41.2%, reflecting the quality and sustainability of earnings achieved during the period. Profit after tax increased by 222.7% year-on-year to Frw 13.3 billion, supported by robust service revenue growth and lower depreciation charges. <\/p>\n

\u201cOur third quarter performance demonstrates the strength of our financial foundation and the discipline of our capital allocation. The improvement in EBITDA and profitability is evidence of our focus on operational excellence and efficient deployment of financial resources. As we continue to optimise our cost base, we are well positioned to fund strategic investments that will drive sustainable long-term value for our stakeholders,\u201d noted Dunstan Ayodele Stober, Acting Chief Financial Officer of MTN Rwanda.<\/p>\n

Looking ahead, MTN Rwanda remains focused on executing its Ambition 2025 strategy, enhancing customer value and delivering cost-efficient growth. The company expects continued commercial momentum in the final quarter of the year reflecting confidence in the resilience of its operating model and the scalability of its digital-platform strategy.<\/p>\n

{{About MTN Rwandacell Plc}}<\/p>\n

MTN Rwandacell Plc (MTN Rwanda) is the market leader in mobile telecommunications in Rwanda. Since 1998, it has continuously invested in expanding and modernising its network and driving leading digital solutions for Rwanda\u2019s progress. <\/p>\n

As the country\u2019s No 1 network, MTN offers innovative voice, data and fintech services for individual and corporate customers with a clear vision to lead the delivery of a bold, new digital world to customers with a belief that everyone deserves the benefits of a modern connected life.<\/p>\n

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

MTN Rwandacell Plc (MTN Rwanda) has announced its unaudited financial results for the nine-months period ended September 30, 2025, delivering a solid set of results. The company surpassed 8 million mobile subscribers, underscoring its market leadership and growing contribution to Rwanda\u2019s digital transformation journey.<\/p>\n","protected":false},"author":62,"featured_media":2000097257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-56169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-62","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":2000097257,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/mtn-24-48d11-95d20.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/mtn-24-48d11-95d20.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/mtn-24-48d11-95d20.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/mtn-24-48d11-95d20.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/mtn-24-48d11-95d20.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/mtn-24-48d11-95d20.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/56169","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=56169"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/56169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000097257"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=56169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=56169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=56169"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=56169"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=56169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}