MTC’s latest financial results have enabled it to pay a dividend of N$722 million, the largest amount the company has ever paid to shareholders.
Moreover, the company is set to pay out a final ordinary dividend of N$467.1 million (62.28 cents per share) by 6 February 2026.
With digital growth at the centre of its strategy, MTC currently serves a customer base of 2.3 million.
The financial results, released yesterday, indicate strong performance, with MTC continuing to record impressive growth, with its 2025 figures showing a 14.4% increase in revenue to N$3.7 billion.
“As the economy becomes more digital, MTC is positioning itself to support this transition fully,” said MTC managing director, Licky Erastus, at the results presentation.
Erastus attributed the company’s solid performance to sustained growth in demand for high-speed data and value-added mobile telecommunications services from prepaid customers and the enterprise segment.
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 3.3% due to higher revenue and lower costs. The EBITDA margin increased from 45.9% to 49.1%, due to revenue growth and low operating costs.
EBITDA is a financial metric used to indicate a company’s operational profitability by excluding financing costs, taxes, and non-cash expenses. The EBITDA provides a clear view of core business performance, allowing for easier comparisons between companies by stripping away factors related to capital structure and accounting policies.
Meanwhile, for the year under review, MTC’s approved capital expenditure was N$706 million (2024: N$893 million), including capital expenditure carried forward from the previous financial year.
MTC, the country’s first mobile telecommunications service provider, further reported that its prepaid subscriber base grew by 4.3%, while prepaid Average Revenue Per User (ARPU) increased by 14.6% due to high data demand and value-added services, and roaming revenue increased by 2.5%. This is due to an increase in business travel by multinational companies exploring oil and gas opportunities, combined with the recovery of tourism. Strong customer demand for smart devices boosted handset and accessories revenue by 16.0%.
MTC’s Enterprise Business Unit grew revenue by 38.3%, due to 36.6% customer growth in the Spectra home fibre and enterprise customer base. This new revenue growth demonstrates the company’s progress in its strategy of diversifying into enterprise ICT markets, including IoT and fixed connectivity, to achieve its strategic growth target.
New revenue now accounts for approximately 4.5% of total revenue.
According to the report, MTC, as the country’s digital driver, will aim to continue diversifying revenue and broadening customer services, offering enterprises and consumers fibre, secure cloud, hosted PBX and fixed broadband value-added services.
During 2025, MTC deployed 1 672 km of fibre, bringing the total fibre rolled out to 4 472 km. Fibre services were extended to Windhoek and coastal areas to meet demand for fixed internet for businesses and homes. MTC stated that fibre deployment will continue in 2026, including expanding services to support the growing energy and tourism sectors.
On the company’s outlook, with evolving lifestyle changes, a youthful and highly connected population, and accelerating consumption of social media and digital content, MTC enters the new financial year with a clear, focused strategy aligned with its Integrated Strategic Business Plan.
These structural shifts continue to shape demand for high-speed broadband, digital services, and mobile financial solutions, positioning MTC to pursue new opportunities in cloud, cybersecurity, data centres, and international business.
-ebrandt@nepc.com.na