MTN Rwandacell Plc (MTN Rwanda) is thrilled to announce its
unaudited financial results for the quarter ended 31 March 2025,
posting strong operational and financial growth in a supportive
macroeconomic environment.
The company recorded a 12.3% year-on-year (YoY) increase in service
revenue, reaching Rwf 67.2 billion, underpinned by continued strength
in fintech and data segments. Profit after tax surged 228.6% YoY to Rwf
1.6 billion, a significant turnaround driven by a growth in revenue and
a decrease in depreciation costs.
Data revenue grew by 12.2% year-on-year, driven by a significant
33.6% increase in data traffic and rising smartphone penetration, now
at 41.8%. This growth was supported by attractively priced offers such
as GWAMON’ data and voice bundles, which continue to resonate with
our customers. While MTN Rwanda saw a slight decline in active data
users due to intensified market competition, its focus remains on
delivering value-driven solutions that encourage consistent digital
engagement.
Commenting on the results, MTN Rwanda CEO Monzer Ali states “As
the newly appointed CEO, I am energized by the opportunity to build on
the strong foundation laid by my predecessor and the entire MTN
Rwanda team. I am particularly pleased with our Q1 results, which
reflect the strength of our connectivity and platform business together
with the resilience of our team. We remain committed to leading
Rwanda’s digital transformation by delivering innovative, inclusive
solutions that enable progress for all Rwandans. We are optimistic
about Rwanda’s economic prospects and remain focused on
expanding digital and financial inclusion. Our investments in the
network and innovative platforms will continue to create long-term
value for our customers and stakeholders.”
MTN Rwanda’s total subscriber base grew by 2.8% YoY, reaching 7.6
million, while active Mobile Money (MoMo) users rose to 5.3 million.
MoMo remains a strong engine of growth, with revenue increasing by
28.0% driven largely by the uptake of advanced services (payments
and remittances). This growing adoption not only reflects evolving
customer needs but also plays a key role in advancing financial
inclusion and economic empowerment for Rwandans.

The way Rwandans are embracing MoMo in their daily lives is both a source
of pride and a deep responsibility. The trust our customers place in us,
alongside their adoption of our evolving services, affirms our commitment to
delivering secure, accessible, and relevant solutions that meet everyday
needs. As a dedicated partner in Rwanda’s progress, we remain focused on
responsible and inclusive innovation which are key in advancing the
country’s ambitious financial inclusion goals, together.” States
Chantal Kagame Chief Executive Officer Mobile Money Rwanda Ltd.
Earnings before interest, tax, depreciation and amortization (EBITDA) rose
9.3% YoY to Rwf 26.5 billion, though the EBITDA margin slightly declined by
1.2 percentage points to 38.9%, impacted by increased operational costs.
“We are pleased with the growth and return to profitability we have delivered
this quarter building up on the strong exit of the last quarter. The 9.3% growth
in EBITDA underpinned by the double digit growth in revenue reinforces our
focus on commercial execution and operational efficiency. While we
experienced margin dilution driven by currency depreciation and the
accounting treatment for leases, we continue our efforts to improve
profitability through a disciplined expense efficiency program and
value-based capital allocation. As we execute our Ambition 2025 strategy,
our focus remains on building financial resilience and driving long-term
value for our stakeholders.” Stated Dunstan Ayodele Stober A.g Chief
Finance Officer.
In line with MTN Rwanda’s commitment to empowering Rwandans through
it’s CSR initiative, MTN Rwanda awarded Rwf 14.5 million to 40 MTN agents
as part of its Level Up Your Biz program. This initiative supports MTN agents
and local entrepreneurs with skills in digital marketing, finance, and business
growth.
Looking ahead, MTN Rwanda is confident in the execution of its Ambition
2025 strategy, which focuses on accelerating fintech growth, deepening
customer engagement, and driving operational efficiency.

For more information, please contact:
MTN PR Desk
pr2.rw@mtn.com
www.mtn.co.rw