Airtel shares return to IPO price of sh100

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Airtel Uganda’s share price has climbed back to its IPO level of sh100 per share, rebounding from an all-time low of sh58 in January 2025, a turnaround that early investors will be watching closely.

On February 23, Airtel reported a sharp rise in annual profit after tax for 2025, supported by double-digit revenue growth and a surge in data usage. The telecom firm has proposed a final dividend of sh3.55 per share.

The telecom operator said profit after tax climbed to sh446.8b for the year ended December 31, 2025, up from sh316.7b a year earlier. Profit before tax rose to sh639.9b from sh451.7b.

Revenue crossed the sh2 trillion mark for the first time, rising 13.3% to sh2.2 trillion from sh1.9 trillion in 2024. The growth was driven largely by data and value-added services, according to the company's financials.

Data revenue and value-added services brought in about sh1.1 trillion, up from sh899b the previous year, as more customers came online and used more data. Voice revenue, including interconnect, also edged higher to slightly more than sh1 trillion from sh995b.

The total customer base grew 19.2% year on year. Subject to shareholder approval, directors recommended a final dividend of sh3.55 per share for 2025.