Chamwe Kaira
Mobile Telecommunications Limited (MTC) increased revenue by 7.1% during the six months ended 31 March 2026, supported by strong growth in prepaid, roaming and enterprise services, while declaring an interim dividend of N$358.35 million for shareholders.
According to the group’s unaudited interim results released on Friday, revenue rose to N$1.95 billion from a N$1.82 billion recorded during the corresponding period in 2025.
Total income increased to N$1.96 billion, while profit after tax grew by 1.6% to N$511.9 million from N$503.8 million a year earlier. Profit before tax increased by N$8.5 million to N$730.8 million.
MTC said prepaid revenue grew by 9.1%, driven by a 4.1% increase in customers, strong uptake of its Aweh bundles and higher data consumption.
Enterprise revenue increased by 31.4%, supported by a 29% rise in customers and growing demand for integrated connectivity solutions.
Roaming revenue recorded the strongest growth, increasing by 45.2% due to higher inbound data roaming activity linked to Internet of Things (IoT) connectivity during partner system upgrades in Namibia’s automotive sector.
The group reported that its subscriber base expanded to approximately 2.37 million customers across prepaid, postpaid and enterprise segments.
Despite a 2.9% increase in postpaid customer numbers, revenue from the segment declined by 7.2% as the company implemented pricing adjustments and introduced additional free data benefits to improve affordability and support long-term growth.
Operating costs continued to rise during the period. Cost of sales increased by 5.3%, including a N$7 million provision for obsolete inventory. Direct costs rose by 7.7%, mainly due to higher transmission lease expenses and spectrum licence fees.
Personnel costs increased by 18.6%, driven by additional staff, salary increases and the implementation of new grading structures. General and administration expenses rose by 12.3%, while sales and marketing costs increased by 5.2%.
As a result, the group’s EBITDA margin declined to 47.4% from 49.4% recorded during the same period last year.
MTC said profitability remained resilient despite the increase in operating expenses, supported by growth in higher-margin revenue streams, disciplined cost management and lower finance costs.
The company’s effective tax rate decreased from 31% to 30%, contributing positively to earnings.
The board approved and declared an interim dividend of 47.78 cents per ordinary share, amounting to N$358.35 million. The dividend will be paid on 24 July 2026 to shareholders registered by 3 July 2026, with shares trading ex-dividend from 29 June.
Looking ahead, MTC said it would focus on growing prepaid revenue, accelerating broadband adoption, expanding enterprise contracts and increasing monetisation of its digital platforms.
The company also plans to continue investing in fibre infrastructure and installation capacity while targeting high-value industry sectors and cross-border opportunities through its enterprise business unit.
MTC noted that it would continue monitoring economic conditions, including inflation, interest rates, consumer spending patterns and geopolitical developments that could affect growth prospects and operating costs.
Meanwhile, MTC Maris is expanding its financial services offering for underbanked and unbanked customers through partnerships aimed at broadening available services.
The platform is also introducing additional customer engagement channels, including WhatsApp and a dedicated mobile application, alongside its existing USSD services.
