Mr. Andrew Bugembe

MTN recorded an excellent financial performance, marked by disciplined commercial execution and driven by robust fintech and data revenue, stable voice revenue and tactical capital allocation.

Notable outcomes from our 2025 performance include an increase in 4G population coverage to 88.6% (2024:87.9%) while our 5G population coverage increased to 19.0% (2024: 15.3%). Strategic investments in connectivity in 2025 were reflected in a rise in Capex intensity from 13.2% to 15.2%, with a total capital expenditure of UGX 834.6 billion, of which UGX 549.4 billion excludes leases. This investment facilitated the deployment of 365 new sites and expansion of fibre coverage by an additional 52.1% to a total of 27,037 kilometres.