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.
MTC says most customers remain prepaid users, with more than 2.16 million subscribers in that segment. Enterprise customers increased from just over 16 000 to more than 22 000.
The company says prepaid services remained one of the main drivers of growth.
The mobile carrier also reports that revenue from prepaid customers increased by 9.1%, supported by customer growth, demand for Aweh bundles, and increased data usage.
According to MTC, roaming revenue recorded the strongest growth during the period, increasing by 45.2%.
It attributes the increase to higher inbound data roaming linked to internet-connected vehicle systems used in Namibia’s automotive industry while international partner systems underwent upgrades.
The enterprise division also performed well. The results showed that revenue from enterprise services increased by 31.4%, supported by a 29% increase in customer numbers and growing demand for integrated connectivity solutions.
While postpaid customer numbers increased by 2.9%, revenue from the segment declined by 7.2%.
MTC says this is due to efforts to make postpaid products more affordable through additional free data and revised bundle pricing.
MTC also faced higher operating costs during the reporting period, with direct operating costs increasing by 7.7%, mainly due to higher transmission lease costs after additional network capacity was introduced between northern Namibia and Windhoek.
New spectrum licence fees also contributed to higher costs.
The company’s personnel costs increased by 18.6% because of salary adjustments, staff regrading and increased employee numbers.
Meanwhile, its general administration costs rose by 12.3%, while sales and marketing costs increased by 5.2%. MTC’s effective tax rate decreased from 31% to 30%.
Earnings per share increased from 67.18 cents to 68.26 cents.
The company’s total assets increased to N$4.82 billion from N$4.52 billion a year earlier.
Property, plant and equipment increased to N$2.05 billion. During the six-month period, MTC invested nearly N$198 million in network infrastructure and equipment as it continued expanding and upgrading its services.
On top of this, MTC plans to focus on growing prepaid revenue, expanding broadband services, securing more enterprise contracts and increasing income from its digital platforms.
The company also plans to continue investing in fibre infrastructure and improving the customer experience.
MTC is also expanding its MTC Maris financial services platform, which targets underbanked and unbanked Namibians.
Plans include introducing customer support through WhatsApp and a dedicated mobile application alongside existing services.
Last year, MTC Maris, in collaboration with Letshego Micro Financial Services Namibia, launched Taamba Maris, its instant loan service product.
Taamba Maris is an instant loan service that provides short-term loans with flexible and affordable repayment options.
On the Namibia Securities Exchange, MTC’s share price stood at N$9.29 at the end of the reporting period, giving the company a market value of about N$6.97 billion.
