The company’s service revenue reached Rwf167.5 billion in the six months ended June 30, 2026, up from the same period last year, while profit after tax stood at Rwf17.2 billion.

The performance comes as the use of digital services continues to expand in Rwanda, with individuals and businesses increasingly relying on mobile connectivity and digital payments for communication, commerce and other daily activities.

MTN Rwanda’s subscriber base grew by 11.4 percent to 8.7 million during the period. Active data subscribers increased by 14.5 percent to 2.7 million, while active Mobile Money users rose by 14.9 percent to 6.4 million.

Data remained an important source of growth, with data revenue increasing by 14.3 percent to Rwf26.7 billion.

The increase was supported by a 63.6 percent rise in data traffic, as more customers adopted smartphones and made greater use of affordable data bundles.

Voice revenue also increased by 7.1 percent, supported by subscriber growth and the reintroduction of mobile termination rates in August 2025.

MTN Rwanda CEO Monzer Ali said the company’s performance reflected more than financial growth, pointing to the expanding role of digital services in the economy.

“Every new smartphone connected, every entrepreneur paid through Mobile Money, and every community reached through our network represents another step towards a more connected, inclusive and digitally empowered Rwanda,” Ali said.

He said MTN Rwanda would continue investing in its network, technology and partnerships to expand access to digital services and support Rwanda’s ambitions for a digitally enabled economy.

Mobile Money becomes bigger revenue driver

Mobile Money continued to be one of the strongest performers, with Mobile Money Rwanda Ltd (MMRL), MTN Rwanda’s subsidiary, reporting a 31.3 percent year-on-year increase in MoMo revenue to Rwf90.1 billion.

MoMo accounted for 53.8 percent of MTN Rwanda’s service revenue in the first half, up from 49.9 percent during the same period in 2025.

The platform’s active merchant base increased by 19.2 percent to 682,000, highlighting the growing use of mobile payments among businesses and consumers.

Advanced services, including remittances and lending, also recorded strong growth, increasing by 28.1 percent and accounting for 28.4 percent of MoMo revenue.

Chantal U Kagame, CEO of Mobile Money Rwanda Ltd, said the expansion of the merchant network demonstrated how deeply mobile money has become embedded in Rwanda’s economy.

“Growing to 682,000 active merchants shows how deeply mobile money has become embedded in the way Rwandans transact, run businesses and participate in the economy,” she said.

She added that the company would continue working to make MoMo services simpler, more secure and accessible.

MTN Rwanda also recorded significant improvements in profitability and cash generation during the period.

Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) increased by 30.4 percent to Rwf70.5 billion, while the EBITDA margin expanded by 2.8 percentage points to 41.8 percent.

The company attributed the improvement partly to savings generated through its Expense Efficiency Programme.

Capital expenditure, excluding leases, remained largely unchanged at Rwf11.2 billion, while adjusted free cash flow increased by 38.7 percent to Rwf59.3 billion.

MTN Rwanda Chief Financial Officer John Bugunya said the results demonstrated the company’s ability to combine commercial growth with tighter financial management.

He said the stronger free cash flow provided a solid financial base for continued investment in network and digital infrastructure.

Digital growth alongside community investment

MTN Rwanda’s activities during the first half also included initiatives aimed at supporting communities.

In June, the company conducted its annual 21 Days of Y’ello Care campaign under the theme “Expanding Equitable Health for Every Community.”

As part of the campaign, MTN Rwanda supported the renovation of the maternity ward and expansion of the laboratory at Kigese Health Centre in Rugarika Sector, Kamonyi District.
The facility serves approximately 61,000 people and handles between 50 and 60 deliveries each month.

As it enters the second half of 2026, MTN Rwanda said it will focus on sustaining its commercial growth, expanding financial inclusion through Mobile Money and improving the quality and reach of its network.

The company said continued investment in connectivity and digital financial services will remain central to its role in Rwanda’s digital transformation, while supporting individuals, businesses and communities to participate more fully in the modern economy.