MTN MoMo profit climbs to sh308.9b

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In the twelve months ending December, MTN Mobile Money has reported a profit after tax jump of 23.5% to sh308.9b supported by increasing transaction activity on the platform.  

According to its financial statement, revenue climbed 20.2% to sh1.2 trillion. The MTN Uganda fintech arm subscriber numbers grew 6.5% to 14.7 million.

Transaction volumes rose 16.8% to 5 billion, while the total value of transactions jumped 23.3% to sh195.5 trillion. That gap between volume and value hints at larger ticket transactions flowing through the system, as businesses and consumers lean more heavily on mobile money for everyday payments.

“By the close of 2025, our user base had surpassed 14.7 million, up by 6.5% from 13.8 million in 2024. Agents grew by 13.5% to 241,100, and merchants increased by 33.6% to over 114,800. These partners benefited from improved value propositions, strengthening our market competitiveness,” Sarah Bateta Okwi, MTN Mobile Money acting managing director, said.

“The ecosystem activity was robust, with transactions executed on our platform up 16.8% to 5 billion and the value of transactions up by 23.3% to sh195.5 trillion. With the increased platform usage, a total of sh50.9b was also paid to our MoMo customers on their wallet balances, up from sh44b paid in the previous year.”

Agent numbers increased 13.5% to 241,100, while merchants surged 33.6% to more than 114,800. Total assets rose 30.0% to sh1.8 trillion, driven largely by growth in customer balances and trust accounts.

“Structural separation of the fintech business is ongoing, with the proposed transaction under regulatory review. Implementation remains subject to some conditions, including regulatory approvals, no-objections and compliance requirements for both MTN Uganda and MTN MoMo,” she said.

MTN MoMo also disbursed sh2.7 trillion in loans during the year, as its fintech offerings gained traction. The company also attributed the performance to stable macroeconomic conditions, including low inflation and a firmer shilling, alongside product innovations such as its upgraded app and partnerships that pushed adoption of digital financial services.