MTC’s revenue hits almost N$2 billion

Mobile Telecommunications Limited will pay a N$358.35-million interim dividend in July after generating almost N$2 billion in revenue and increasing its subscriber base to 2.37 million.

The telecommunications company announced the dividend in its latest interim financial results for the six months ending 31 March 2026.

It reported higher revenue and profit for the first six months of its 2025/26 financial year.

The dividend, approved on 5 June, amounts to 47.78 cents per share and will be paid on 24 July.

According to MTC’s unaudited interim financial results, total revenue increased by 7.1% to N$1.95 billion, up from N$1.82 billion during the same period last year. Meanwhile, profit after tax rose by 1.6% to N$511.9 million.

The interim results also show that MTC’s total subscribers increased from 2.27 million in March 2025 to 2.37 million in March this year.