Strong FY25 for MTC

Mobile Telecommunications Limited (MTC) reported a strengthened financial and operational position for the year ended 30 September 2025, demonstrating continued resilience and strategic discipline relative to the financial year (FY) 2024. According to the officially released consolidated results, Total Income increased from “N$3.2 billion” in FY2024 to “N$3.711 billion” in FY2025, representing “14.24% year-on-year growth.” This performance reflects improved monetisation across core revenue segments, heightened customer activity and sustained demand for high-speed data and enterprise solutions.

Operational efficiency further improved, supported by decisive cost management measures. Profit from Operations rose from “N$1.023 billion” in FY2024 to “N$1.363 billion” in FY2025, amounting to “33.13% growth.” Similarly, Profit After Tax increased from “N$772.881 million” in FY2024 to “N$1.022 billion” in

FY2025, representing “32.33% growth,” underscoring stronger profitability in a competitive market environment.

The company’s capital base strengthened in parallel with its earnings performance. Net Asset Value rose from “N$2.901 billion” in FY2024 to “N$3.202 billion” in FY2025, achieving “10.36% growth.” Additionally, Earnings per Share increased from “103.05 cents” to “136.37 cents,” reflecting “32.33% growth,” reinforcing

enhanced shareholder value and strong financial stewardship.

MTC’s operating leverage also improved meaningfully. Verified disclosures confirm that its EBITDA margin increased from “45.9% in FY2024” to “49.1% in FY2025,” driven by increased data usage, expanded enterprise revenues and reduced direct cost pressures. This improvement aligns with the company’s broader

transition toward digital services and value-enhancing operational efficiencies.

Consistent with its dividend policy, MTC declared a final dividend of “62.28 cents

per share” (N$467.1 million) on 5 December 2025, which was paid on 6

February 2026, following the record date of 23 January 2026. The Government of

Namibia, holding “60.13%”, received approximately “N$280.9 million” from this

distribution.

These financial outcomes are further supported by favourable solvency indicators.

Midyear disclosures reflect an indicative equity ratio of “approximately 67%” as at

H1 FY2025, reinforcing the company’s robust capital adequacy and low-risk balance

sheet posture.

In conclusion, MTC’s FY2025 financial position strengthened substantially,

evidenced by 14.24% total income growth and an indicative ~67% equity ratio.

Prepaid revenue expanded by 18%, while postpaid revenue increased by 0.3%,

confirming prepaid’s dominant contribution of 64.3% and postpaid’s 15.3% to

revenue. Supported by a 49.1% EBITDA margin and rising equity, MTC remains

Namibia’s financially resilient and strategically leading digital connectivity provider.