Chamwe Kaira
Mobile Telecommunications Limited (MTC) increased its dividend payments to shareholders to N$467.1 million during the latest reporting period ended 31 March, up from N$369.5 million paid in the corresponding period a year earlier.
The largest beneficiary of the dividend distribution was the Government of the Republic of Namibia, which received N$280.9 million, compared to N$212.1 million in the previous period.
The government’s stake in MTC is held through the Namibia Post and Telecommunications Holdings Limited (NPTH), which received N$222.2 million in the prior period.
No dividend allocation was recorded under NPTH in the latest reporting period following changes in the company’s shareholding structure.
The Government Institutions Pension Fund (GIPF) received dividends of N$134.4 million, up from N$106.4 million in the previous period.
Other shareholders collectively received N$51.8 million, compared to N$41 million a year earlier.
Overall, total dividends paid to shareholders rose by more than 26% from N$467.1 million, reflecting the telecommunications company’s continued profitability and commitment to delivering returns to investors.
MTC revenue rose to N$1.95 billion, driven by prepaid, enterprise and roaming services.
Prepaid services remained the company’s largest source of income, contributing N$1.26 billion in revenue compared to N$1.15 billion previously.
Usage charges accounted for the bulk of prepaid revenue at N$1.21 billion, while starter pack sales increased to N$6.5 million from N$4.1 million.
Other prepaid-related income rose to N$38.3 million from N$34.0 million.
Revenue from contract customers amounted to N$266.3 million, down from N$285.6 million in the comparative period.
Within this segment, monthly subscription fees increased to N$221.2 million from N$212.1 million, while usage charges declined to N$32.1 million from N$60.6 million.
Contract handset revenue contributed N$1.4 million.
Roaming income recorded strong growth, rising to N$101.2 million from N$69.7 million. The increase was largely driven by visitor roaming revenue, which climbed to N$97.4 million from N$62.4 million.
Revenue from contract roaming customers declined to N$3.9 million from N$7.3 million.
Handset and accessories sales generated N$161.0 million, slightly lower than the N$170.4 million recorded in the corresponding period.
Enterprise services delivered notable growth, with revenue increasing to N$101.6 million from N$76.8 million, highlighting continued demand for business connectivity and digital solutions.
Other revenue streams also contributed to overall performance, including interconnect income of N$14.1 million, bulk SMS revenue of N$31.3 million and site rental income of N$14.7 million.
In the second half of the financial year, MTC said it will focus on driving prepaid revenue growth, accelerating broadband adoption, expanding enterprise contracts, and advancing the monetisation of its digital platforms.
