FY 2022: MTN Rwanda Plc Financial Results

MTN Rwandacell Plc (MTN Rwanda) is pleased to announce its audited financial results for the full year ended 31 December 2022.

Kigali | Rwanda: 2 March 2023
Salient points:

-Mobile subscribers increased by 5.9% year-on-year (YoY) to 6.8 million

-Active data subscribers increased by 9.0% YoY to 2.3 million

-Mobile Money (MoMo) subscribers increased by 16.3% YoY to 4.3 million

-Service revenue increased by 19.9% to Rwf 221.7 billion

-Earnings before interest, tax, depreciation, and amortisation (EBITDA) grew by 20.8% to Rwf 108.4 billion

-EBITDA margin increased by 0.6 percentage points (pp) to 48.3%

-Capital expenditure (capex, IAS 17) increased by 28.0% to Rwf 47.1 billion

-Profit after Tax (PAT)1 decreased by 12.8% to Rwf 19.0 billion, as the business continues to amortize its operating license that was renewed in 2021.

Unless otherwise stated, financial and non-financial information is year-on-year basis (YoY). Financials are reported on a consolidated basis of MTN Rwandacell PLC and its subsidiary Mobile Money Rwanda Ltd.

Dividend:

If the board’s recommendation and shareholders approved it, the final dividend for the year ended 31st December 2022 of Rwf 7.04 will be paid out on 26 June 2023 for the shareholders recorded in the Share Register as of 09 June 2023.

Source: https://www.mtn.co.rw/investors-upcoming-events/