2025/12/05 – 14:40:00 – 1087222223103590672
Click below to view full PDF article
https://senspdf.jse.co.za/documents/2025/nsx/isse/mocnm/MOCSep2025.pdf
Consolidated Results for the year ended 30 September 2025
Mobile Telecommunications Limited
(“MTC” or “the Company”)
(Incorporated in the Republic of Namibia)
(Registration number: 94/458)
Share code: MOC
ISIN: NA000A3CR803
CONSOLIDATED RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
Group Group
2025 2024
(actual) (actual)
Total Income (N$’000) 3 711 077 3 248 398
Profit from Operations (N$’000) 1 363 219 1 023 950
Profit after tax (N$’000) 1 022 791 772 881
Net asset value (N$’000) 3 202 397 2 901 856
Earnings per share (cents) 136.37 103.05
Headline earnings per share (cents) 136.30 103.05
Diluted earnings per share (cents) 136.37 103.05
Total dividend per share (cents) 96.30 1 72.62 1
Final Dividend per share (cents) 62.28 49.27
Number of ordinary shares in issue at year-end (‘000) 750 000 750 000
Notes:
1) The dividend of 96.30 cents per share does not include the final dividend declared on 4 December
2025.
Performance summary
MTC delivered solid and forward-driven performance for the financial year ended 30 September 2025,
underscoring its position as Namibia’s digital market leader. The Group’s results reflect strong
execution across its mobile, fixed broadband, enterprise, and emerging digital businesses, supported
by a rapidly evolving customer base and a fast-growing appetite for data-driven services.
Total Income grew by 14.24% to N$3.7 billion, driven by strong demand for high-speed data and
value-added mobile services among prepaid and enterprise customers. Growth was supported by a
4.3% increase in prepaid subscribers after successful SIM registration and a 14.6% rise in prepaid
ARPU. Strategic initiatives, including enhanced postpaid offerings, reinforced our strategy to protect
core revenue. Roaming revenue rose 2.5% due to increased business travel and tourism recovery,
while handset and accessory sales surged by 16.0% due to smart device demand.
EBITDA margins improved from 45.9% to 49.1%, with nominal EBITDA up 22.3%, reflecting strong
revenue growth and disciplined cost management. Direct costs declined by 7.4% due to the absence
of the prior year’s CRAN levy, while personnel costs rose 17.2% and general administration expenses
increased 4.4%, aligned with structural realignments, economic trends and capacity expansion to
support the Group’s growth trajectory.
Sales and Marketing investments increased by 21.9% to accelerate the growth and adoption of MTC
Maris. These efforts strengthened channels, expanded distribution, onboarded partners, and built the
ecosystem for sustainable scaling. This investment is integral to the Group’s long-term digital financial
services strategy, enabling future revenue streams and positioning Maris as a competitive national
payment’s platform.
The Group delivered a positive JAWS ratio, with revenue growth (14.4%) outpacing operating cost
growth, demonstrating improved operating leverage and sustainable financial performance
Final dividend
Notice is hereby given that a final dividend of 62.28 cents per ordinary share for the year ended 30
September 2025 was declared on 4 December 2025.
Dividend payment details:
• Last day to trade cum dividend: 16 January 2026
• First day to trade ex-dividend: 19 January 2026
• Record date: 23 January 2026
• Payment date: 06 February 2026
Outlook and Strategic Initiatives
Driven by 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 and
focused strategy aligned to the ISBP 3.0 pillars. 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.
MTC begins the year strengthened by the successful launch of 5G rollouts, accelerated fibre
expansion, and solid momentum across enterprise, broadband, and digital services. The Group will
prioritise protecting and growing the core mobile business, ensuring its prepaid and PostPaid offerings
remain competitive, profitable, and aligned with the evolving needs of Namibian consumers.
In line with the Expand the Core pillar, MTC will intensify the growth of fixed broadband and enterprise
services through targeted home-pass rollout, increased conversion across existing and new
geographic areas, and the deployment of 4G/5G Fixed Wireless Access to accelerate last-mile reach.
The Group remains committed to sustaining double-digit enterprise growth by leveraging innovation,
strategic partnerships, and continued investment in high-capacity digital infrastructure.
Anchored on the Transform the Core and Grow New Digital Revenue Streams pillars, MTC will
continue its evolution into a fully-fledged tech-co, advancing opportunities in cloud solutions,
cybersecurity, IoT, data centres, and cross-border connectivity. The launch of MTC Maris establishes
a scalable mobile money ecosystem, driven by agent and merchant expansion, third-party API
integrations, and customer financial literacy support.
Ongoing investment in the national fibre backbone and metro network will enhance service reliability,
reduce reliance on third-party transmission providers, and strengthen long-term network resilience
and uptime.
Guided by ISBP 3.0, MTC is well positioned to deliver sustainable growth, exceptional customer
experiences, and long-term value creation for shareholders as it leads Namibia’s digital future.
Short form announcement
This short form announcement is the responsibility of the directors. It is only a summary of the
information contained in the full announcement and does not contain full or complete details.
Any investment decision should be based on the full annual financial statements accessible from 5
December 2025, via the NSX link
https://senspdf.jse.co.za/documents/2025/nsx/isse/mocnm/MOCSep2025.pdf and on MTC’s website
at www.mtc.com.na
The auditors, PricewaterhouseCoopers, have issued their unmodified opinion, including key audit
matters, on the Group’s financial statements for the year ended 30 September 2025 on 5 December
2025. This announcement is not in itself audited or reviewed but the 30 September 2025 and 2024
results are extracted from and is consistent in all material respects with the audited consolidated
financial statements. The auditors’ report on the consolidated financial statements does not
necessarily cover all the information in this announcement. Any reference to future financial
performance included in this announcement has not been audited, reviewed or reported on by the
Group’s auditors.
Non-Executive Directors: Mercia Geises (Lead-Independent Non-executive) Andrew Kanime, Trophy
Hiwilepo, Werner Schuckmann, Fabiam George, and Etiigwana Itope
Executive directors: Licky Richard Erastus (Managing Director), Marthinus Jacobus Smit (Financial
Director)
By order of the Board
Windhoek
5 December 2025
Sponsor to MTC
PSG Wealth Management (Namibia) (Pty) Limited
Member of the Namibia Securities Exchange
Date: 05-12-2025 02:40:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
—
Namibia Securities Exchange – NAM News