MTN Uganda Limited (UGSE:MTNU)

MTN Uganda Income Statement

Financials in millions UGX. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,270,180	3,172,721	2,669,146	2,286,252	2,060,087	1,877,799
Other Revenue	878.54	878.54	1,110	30,799	-	-
Revenue	3,271,058	3,173,599	2,670,256	2,317,051	2,060,087	1,877,799
Revenue Growth (YoY)	17.13%	18.85%	15.24%	12.47%	9.71%	41.94%
Cost of Revenue	759,133	715,217	626,262	526,304	463,985	480,549
Gross Profit	2,511,925	2,458,382	2,043,994	1,790,748	1,596,102	1,397,250
Selling, General & Admin	570,048	570,048	485,580	430,060	375,300	324,682
Other Operating Expenses	217,353	217,353	180,174	173,498	153,995	151,591
Operating Expenses	1,307,003	1,297,815	1,114,675	1,017,961	959,826	798,308
Operating Income	1,204,922	1,160,567	929,318	772,787	636,276	598,943
Interest Expense	-291,782	-290,360	-275,468	-191,512	-147,507	-138,194
Interest & Investment Income	54,175	54,175	54,548	28,046	5,314	3,566
Currency Exchange Gain (Loss)	-2,613	-2,613	-1,776	-17,782	-3,141	-3,936
Other Non Operating Income (Expenses)	841.31	-	-	-0	-	-
EBT Excluding Unusual Items	965,544	921,769	706,622	591,538	490,943	460,379
Asset Writedown	-1,093	-1,093	-294.98	-509.39	-	-
Pretax Income	964,451	920,676	706,327	591,029	490,943	460,379
Income Tax Expense	292,042	279,128	213,251	184,979	150,533	138,697
Earnings From Continuing Operations	672,409	641,548	493,077	406,050	340,410	321,682
Net Income	672,409	641,548	493,077	406,050	340,410	321,682
Net Income to Common	672,409	641,548	493,077	406,050	340,410	321,682
Net Income Growth	28.70%	30.11%	21.43%	19.28%	5.82%	19.47%
Shares Outstanding (Basic)	22,374	22,389	22,389	22,389	22,389	22,389
Shares Outstanding (Diluted)	22,374	22,389	22,389	22,389	22,389	22,389
Shares Change (YoY)	-0.12%	-	-	-	-	594720.51%
EPS (Basic)	30.05	28.65	22.02	18.14	15.20	14.37
EPS (Diluted)	30.05	28.65	22.02	18.14	15.20	14.37
EPS Growth	28.86%	30.11%	21.43%	19.28%	5.82%	-99.98%
Free Cash Flow	745,607	760,332	641,946	591,791	680,993	391,756
Free Cash Flow Per Share	33.33	33.96	28.67	26.43	30.42	17.50
Dividend Per Share	22.600	22.600	18.000	15.900	4.706	40650.000
Dividend Growth	-	25.56%	13.21%	237.87%	-99.99%	-0.85%
Gross Margin	76.79%	77.46%	76.55%	77.29%	77.48%	74.41%
Operating Margin	36.84%	36.57%	34.80%	33.35%	30.89%	31.90%
Profit Margin	20.56%	20.21%	18.47%	17.52%	16.52%	17.13%
Free Cash Flow Margin	22.79%	23.96%	24.04%	25.54%	33.06%	20.86%
EBITDA	1,450,633	1,397,089	1,143,608	998,715	908,919	802,137
EBITDA Margin	44.35%	44.02%	42.83%	43.10%	44.12%	42.72%
D&A For EBITDA	245,711	236,523	214,290	225,928	272,642	203,195
EBIT	1,204,922	1,160,567	929,318	772,787	636,276	598,943
EBIT Margin	36.84%	36.57%	34.80%	33.35%	30.89%	31.90%
Effective Tax Rate	30.28%	30.32%	30.19%	31.30%	30.66%	30.13%

Updated Mar 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.