MTN Uganda profit rises sharply as data and mobile money boost growth

Kampala, August 10, 2026 - MTN Uganda chief executive Sylvia Mulinge Telecoms giant reports Ush367.5bn profit despite higher costs, regulatory changes and network disruptions MTN Uganda’s profits rose by almost 38% in the first half of 2026, as growing demand for mobile data and digital financial services helped the technology company withstand a challenging business environment. Profit after tax increased 37.7% to Ush367.5bn ($98m) in the six months to June, while service revenue rose 9.4% to Ush1.86tn, interim financial results released on Aug.7 shows.

The results come after a difficult start to the year for the company, which faced internet disruptions on the back of general elections, changes to mobile money operations and higher fuel and other operating costs. MTN Uganda chief executive Sylvia Mulinge said the performance demonstrated the resilience of the company’s business. “The improved performance reflects the resilience of our operating model, the strength of our customer base, and continued execution of our strategic priorities,” she said.

Customers use more data The strongest growth came from data services. Data revenue increased by 15.6% to Ush566.8bn as more Ugandans adopted smartphones and increased their use of mobile internet.

MTN’s active data customer base grew by 16.3% to 12.6 million. Smartphone penetration among its customers increased to 42.2%, from 40.1% a year earlier.