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Equity Group Holdings Plc has announced its Q3 2025 results, showcasing a robust performance driven by strategic transformation and resilience. The Group’s Profit After Tax surged 32% to Kshs 54.1…
MTN in 2024 delivered yet another solid year, cementing its place as Uganda’s most profitable and actively traded listed company. With double-digit revenue growth and record earnings, the telecom giant showcased operational strength and investor confidence. Yet, looming over this strong performance is a strategic pivot that has analysts sounding the alarm: the planned spin-off of its fintech arm—MoMo—could significantly alter the company’s growth trajectory and valuation dynamics. Fintech Fuelled, But For How Long? MTN Uganda’s total revenue surged by 18.87% to UGX 3.17 trillion ($857.49 million) in FY2024, up from UGX 2.67 trillion in FY2023. Of this, fintech services…
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MTN Uganda has announced a profit after tax (PAT) of UGX 181 billion for the first quarter ended March 31, 2025, representing a 20.6% year-on-year increase from UGX 150 billion in Q1 2024. The result was underpinned by robust growth across its core service segments of voice, data and fintech, and saw the telco’s total service revenue rise to 13% year-on-year to UGX 841 billion from UGX 741 billion in the previous year within the period reported. This growth was also supported by disciplined cost management, which lifted the telco’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) by 13.7%…
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