MTN Rwanda has kicked off 2025 with a robust performance in the first quarter, reporting strong growth across its mobile, data, and fintech operations.
The results underline the company’s strategic focus on digital transformation and financial inclusion.
MTN Rwanda’s service revenue rose by 19.1% year-on-year, reaching Rwf 60.9 billion, fueled by double-digit growth in data and mobile money services.
Total revenue, including non-service streams, climbed to Rwf 62.1 billion, marking a 17.6% increase compared to the same period in 2024.
A key highlight of the quarter was data revenue, which surged by 30.5% to Rwf 21.7 billion, supported by a 33.6% increase in active data subscribers and a 29.2% jump in data usage per customer.
Active data subscribers reached 2.6 million, with each user consuming an average of 4.4GB per month.
Fintech revenue, mainly from MTN Mobile Money (MoMo), also recorded a significant rise, up 22.2% year-on-year to Rwf 14.7 billion.
MoMo’s active user base grew by 11.3%, reaching 4.2 million, while the volume of transactions increased by 19.2%, reflecting MTN’s growing footprint in Rwanda’s digital payments ecosystem.
Voice revenue grew by 9.3% to Rwf 21.4 billion, even as the total subscriber base increased modestly by 5.8% to 7.5 million.
Meanwhile, EBITDA (earnings before interest, tax, depreciation and amortization) rose by 18.5% to Rwf 31.2 billion, maintaining a healthy EBITDA margin of 50.3%.
The company also announced continued investments in its network, including 143 new 4G sites, as part of its efforts to expand rural connectivity and improve service quality.
MTN Rwanda’s CAPEX for the quarter stood at Rwf 11.6 billion, aligned with its digital acceleration strategy.
Outgoing Chief Executive Officer Mapula Bodibe attributed the strong performance to MTN’s commitment to innovation, affordability, and inclusion. “We are pleased with our Q1 results, which demonstrate the impact of our fintech and digital transformation agenda. We remain focused on driving sustainable growth while delivering value to our customers and stakeholders,” she said.
MTN Rwanda’s strong Q1 performance sets a solid foundation for the rest of the year as the company continues to invest in high-growth segments such as data and mobile financial services.