MTN Rwanda Delivers Solid H1 Results, Pioneers First 5G Rollout in the Country

MTN Rwandacell PLC (MTN Rwanda ) has announced its reviewed interim financial results for the six months ended 30 June 2025. During a period of strong commercial execution and disciplined operational focus, MTN Rwanda delivered a robust improvement in profitability, and shareholder earnings were supported by enhanced cost efficiency measures under its ongoing expense optimization program.

In a landmark achievement, MTN Rwanda became the first operator to commercially launch 5G in Rwanda, reinforcing its commitment to innovation and future-proofing its network for accelerated digital growth. This step, alongside targeted efficiency initiatives and agile capital deployment, positions the company well to sustain momentum in the second half of the year and beyond.

During the first half of the year, total subscriptions increased by 2.9% to 7.8 million. Active Mobile Money (MoMo) users grew by 9.1% to 3.4 million. Active data subscribers reached 2.4 million, data revenue increased by 19.3% to RWF 13.7 billion, and overall service revenue rose by 10.1% to RWF 23.3 billion. This reflects the strength and effectiveness of MTN Rwanda’s innovative and compelling value propositions.

In June 2025, MTN Rwanda launched the country’s first-ever commercial 5G network – a transformative milestone in Rwanda’s digital evolution. The achievement is not only a technological breakthrough but also a clear demonstration of the company’s commitment to enhancing Rwanda’s digital transformation in alignment with the country’s Vision 2050, NST1, and NST2 priorities.

By deploying next-generation connectivity, MTN Rwanda aims to unlock a world of innovation, enhance public and private sector service delivery, and enable inclusive economic participation across urban and rural communities. Its investment in future-ready infrastructure and high-performance digital platforms positions the company as a key enabler of Rwanda’s ambition to become a knowledge-based, technology-driven economy.

This milestone affirms MTN Rwanda’s role as a strategic partner in national development, leveraging its scale, expertise, and resources to accelerate digital inclusion, empower local innovation, and drive long-term socio-economic impact.

MTN Rwanda’s strong financial performance in the first half of 2025 reflects its steadfast commitment to disciplined execution, customer-led innovation, and long-term value creation. As the company advances Rwanda’s digital transformation agenda, it is delivering accessible, high-impact digital solutions that enhance lives, empower businesses, and strengthen communities.

“With the successful launch of 5G, accelerated 4G adoption, and relentless focus on cost efficiencies, we are ensuring that MTN Rwanda is well-poised to lead the market with resilience and relevance. Our strategy is clear: we will continue to invest wisely in our connectivity infrastructure, precision in execution, and putting customers at the core of every decision we make. Our CEO, I remain confident in our ability to sustain this momentum, unlock new growth frontiers and create a meaningful long-term value for our shareholders.”

– Ali Monzer, Chief Executive Officer, MTN Rwanda 

Mobile Money Rwanda Ltd (MoMo Rwanda) also delivered a standout performance over the period, with MoMo revenue increasing by 29.1% to RWF 68.3 billion. This growth was underpinned by continued expansion in active MoMo merchants, which rose by 29.7% year-on-year to 39,267, alongside a rise in transaction volumes and value to 1.4 billion and RWF 21.9 billion, respectively.

“MoMo Rwanda continues its deep-rooted role in bridging the digital and financial inclusion gap across Rwanda. We’ve achieved robust growth in active users and merchant adoption, reflecting the platform’s trustworthiness and relevance in everyday life. Through strategic partnerships and the rollout of innovative products such as the MoMo virtual card and E-wim, we are further strengthening our ecosystem. Our commitment is to provide accessible, safe and affordable financial services tailored to the diverse needs of all Rwandans.”

– Chantal Kagame, Chief Executive Officer, Mobile Money Rwanda Ltd

EBITDA increased to RWF 96.1 billion, with the EBITDA margin improving by 5.1 percentage points. Profit after tax reached RWF 6.3 billion, a notable rebound from a loss in the prior year period. This performance was driven by solid growth in service revenue, coupled with the positive impact of expense efficiencies realised in the first half of 2025.

“We are pleased to present our half-year results, showcasing strong growth across our business units. The robust performance reflects our commitment to improving the overall efficiency of our operations and disciplined capital deployment. Our focus remains on delivering a superior customer experience and underpins our disciplined execution of our Expense Efficiency program and the strategic investments in our network.”

– Dunstan Ayodele Stober, Ag. Chief Finance Officer, MTN Rwanda

MTN Rwanda’s unwavering commitment to investing in communities remained central to its business. In June, the 21 Days of Yello Care campaign became a powerful demonstration of its shared value to shareholders, ensuring no Rwandan is left behind in the digital era. On Bugesera Island, the company equipped 100 community health workers with smartphones, transforming how they deliver healthcare and supporting their vital work. It partnered with a local company to construct a community clinic, providing healthcare services to over 300 people. Over 300 people gained digital skills, reinforcing the belief that purpose-led investment drives sustainable value.

Looking ahead, MTN Rwanda remains committed to delivering on its Ambition 2025 strategy through sustained investment in its network and platform business, while accelerating digital adoption and empowering Rwandan businesses and communities. The company remains well-positioned to sustain growth and deliver long-term value for shareholders and stakeholders alike.