MTN Rwanda has announced impressive half-year results, demonstrating a strong return to profitability and reinforcing its dominance in the Rwandan telecom industry.
For the six months ending on June 30, 2025, the company’s service revenue increased by 13.1%, reaching US$108.4 million. Profits after tax also saw a significant turnaround, climbing to US$4.97 million after reporting a loss in the prior year.
Subscriber growth has remained robust, with the total number of users rising 3.5% to 7.8 million. The Mobile Money (MoMo) service led the charge with a remarkable 29.1% revenue surge to US$54.1 million, attributed to a 29.7% increase in active merchants, totalling 572,000.
Transaction values for MoMo soared to US$17.3 billion during this period.
This outstanding performance arrives just a week before the announcement of Africa’s largest telecom operator, MTN Group’s, half-year results. These results are also expected to showcase a return to profitability, buoyed by strong performance in key markets such as Nigeria, Ghana, and Uganda.
Following two challenging years of inflation, intense competition, and expensive network upgrades, the first half of 2025 signals a positive shift. Investors closely monitor the overall group’s early indicators of resilient interim results.
MTN Rwanda CEO Ali Monzer stated that the results reflect a well-defined strategy that emphasises disciplined execution, cost efficiency, and strategic investments in next-generation infrastructure.
“With the successful launch of 5G, accelerated migration to 4G, and a relentless commitment to cost optimisation, we are positioning MTN Rwanda to lead the market in relevance and resilience,” Monzer noted.
The company achieved a significant milestone by being the first to commercially launch 5G in Rwanda in June. Monzer referred to this as a transformative step toward fulfilling Rwanda’s Vision 2050 and enhancing the country’s digital transformation.
Chantal Kagame, CEO of Mobile Money Rwanda, emphasised the importance of fintech growth in the company’s objectives.
“Through strategic partnerships and innovations such as the MoMo virtual card and K’avance, we are fostering financial inclusion and developing a more robust ecosystem for all Rwandans,” she remarked.
With EBITDA rising by 43.7% to US$44.3 million and margins improving by 9.1 percentage points, acting CFO Dunstan Ayodele Stober expressed optimism that the second half of 2025 “will be even stronger” as MTN Rwanda continues to enhance efficiency and make strategic investments in its network.
