The company reported a 7.4% increase in profit after tax to Ushs 334.1 billion for the year ended 2025, up from Ushs 311.0 billion in 2024, underpinned by strong growth in mobile money transactions and sustained operating efficiency.
Total income grew by 14.4% to Ushs 1.02 trillion, compared to Ushs 893.0 billion the previous year, reflecting increased uptake of digital financial services and higher transaction volumes across its platform. The performance reinforces the company’s positioning as a key player in Uganda’s fast-expanding fintech ecosystem.
Operating profit rose by 7.4% to Ushs 477.3 billion from Ushs 444.3 billion, supported by scale efficiencies, although cost pressures were evident. Total expenditure increased by 21.0% to Ushs 549.2 billion, largely driven by higher sales and marketing spend, which climbed to Ushs 459.0 billion as the company invested in customer acquisition and retention.
Despite the rise in costs, margins remained strong, highlighting the resilience of the company’s platform model.
On the balance sheet, total assets expanded by 13.1% to Ushs 1.16 trillion, driven primarily by growth in mobile money trust balances, which rose 14.0% to Ushs 969.5 billion. Equity remained largely flat at Ushs 114.4 billion, underscoring the firm’s asset-light structure, where customer balances fund a significant portion of operations.
Analysts note that the results demonstrate the scalability of digital financial services, with revenue growth continuing to outpace profit expansion, suggesting a period of strategic reinvestment.
Summary of Key Results
| Metric | 2025 (Ushs bn) | 2024 (Ushs bn) | % Change |
|---|---|---|---|
| Total Income | 1,021.2 | 893.0 | +14.4% |
| Operating Profit | 477.3 | 444.3 | +7.4% |
| Profit After Tax | 334.1 | 311.0 | +7.4% |
| Total Expenditure | 549.2 | 454.0 | +21.0% |
| Total Assets | 1,155.8 | 1,022.0 | +13.1% |
| Mobile Money Balances | 969.5 | 850.4 | +14.0% |
| Equity | 114.4 | 113.4 | +0.9% |
The results point to a business leveraging scale in digital payments to drive growth, even as rising costs signal an increasingly competitive push for market share.
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