Mobile Telecommunications Limited (MTC) increased profit after tax to N$511.9 million for the six months ended 31 March 2026 and declared an interim dividend of N$358.35 million, as growth in prepaid, roaming and enterprise services offset rising operating costs.
The telecommunications group reported a 1.6% increase in profit after tax from N$503.8 million in the corresponding period last year, while revenue rose 7.1% to N$1.95 billion. Profit before tax increased by N$8.5 million, or 1.2%, to N$730.8 million.
The board approved an interim dividend of 47.78 cents per ordinary share, amounting to N$358.35 million, payable on 24 July 2026.
Revenue growth was driven by strong performances in prepaid services, roaming and enterprise connectivity solutions.
Prepaid revenue increased by 9.1%, supported by customer growth, higher data consumption and strong uptake of Aweh bundles.
Roaming revenue surged by 45.2%, largely due to increased inbound data roaming linked to Internet of Things (IoT) connectivity during partner system upgrades in Namibia’s automotive sector.
Enterprise revenue rose by 31.4%, reflecting a 29% increase in customers and growing demand for integrated connectivity solutions.
MTC’s total subscriber base increased to approximately 2.37 million during the reporting period, with growth recorded across the prepaid, postpaid and enterprise segments.
Despite the revenue gains, operating costs continued to rise. Personnel costs increased by 18.6%, direct costs rose by 7.7%, while general and administrative expenses increased by 12.3%.
As a result, the group’s EBITDA margin declined from 49.4% to 47.4%, although EBITDA increased to N$963.3 million.
MTC said it will focus on growing prepaid revenue, expanding broadband adoption, increasing enterprise contracts and monetising its digital platforms in the second half of the financial year.
The company also plans to continue investing in fibre infrastructure and expanding MTC Maris, its digital financial services platform, through additional customer engagement channels including WhatsApp and a dedicated mobile application.
