MTC powers ahead with double-digit growth
Strong
MTC delivered a solid, forward-driven performance for the financial year ended 30 September 2025, reaffirming its position as Namibia’s digital market leader as demand for high-speed data and digital services continues to accelerate.
The Group recorded total income of N$3.7 billion, representing a 14.24% increase year on year, driven by robust growth in mobile data usage and value-added services across both prepaid and enterprise segments. Prepaid subscribers expanded by 4.3% following successful SIM registration initiatives, while prepaid average revenue per user (ARPU) rose by a strong 14.6%. Strategic enhancements to postpaid offerings further strengthened MTC’s core revenue base.
Roaming revenue increased by 2.5% on the back of improved business travel and tourism activity, while handset and accessory sales surged by 16% due to rising demand for smart devices. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) margins improved from 45.9% to 49.1%, with nominal EBITDA rising by 22.3%, reflecting strong revenue growth supported by disciplined cost management.
Direct costs declined by 7.4% following the absence of the prior year’s CRAN levy, while personnel costs rose by 17.2% and general administration expenses increased by 4.4%, in line with organisational realignments, economic trends and capacity expansion to support the Group’s growth trajectory.
Sales and marketing expenditure increased by 21.9% as the company accelerated the growth and adoption of MTC Maris, its mobile financial services platform. The investment focused on expanding distribution channels, onboarding partners and building a scalable payments ecosystem. MTC said the investment is central to its long-term digital financial services strategy and positions Maris as a competitive national payments platform.
The Group delivered a positive JAWS ratio during the year, with revenue growth of 14.4% outpacing operating cost growth, underscoring improved operating leverage and sustainable financial performance.
Under its “Expand the Core” pillar, MTC plans to intensify the growth of fixed broadband and enterprise services through targeted home-pass rollouts, increased conversion across new and existing areas, and the deployment of 4G and 5G Fixed Wireless Access to extend last-mile connectivity. The Group remains committed to sustaining double-digit enterprise growth through innovation, strategic partnerships and continued investment in high-capacity digital infrastructure.
Ongoing investment in the national fibre backbone and metro network is expected to enhance service reliability, reduce reliance on third-party transmission providers and strengthen long-term network resilience and uptime.
The Group recorded total income of N$3.7 billion, representing a 14.24% increase year on year, driven by robust growth in mobile data usage and value-added services across both prepaid and enterprise segments. Prepaid subscribers expanded by 4.3% following successful SIM registration initiatives, while prepaid average revenue per user (ARPU) rose by a strong 14.6%. Strategic enhancements to postpaid offerings further strengthened MTC’s core revenue base.
Roaming revenue increased by 2.5% on the back of improved business travel and tourism activity, while handset and accessory sales surged by 16% due to rising demand for smart devices. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) margins improved from 45.9% to 49.1%, with nominal EBITDA rising by 22.3%, reflecting strong revenue growth supported by disciplined cost management.
Direct costs declined by 7.4% following the absence of the prior year’s CRAN levy, while personnel costs rose by 17.2% and general administration expenses increased by 4.4%, in line with organisational realignments, economic trends and capacity expansion to support the Group’s growth trajectory.
Sales and marketing expenditure increased by 21.9% as the company accelerated the growth and adoption of MTC Maris, its mobile financial services platform. The investment focused on expanding distribution channels, onboarding partners and building a scalable payments ecosystem. MTC said the investment is central to its long-term digital financial services strategy and positions Maris as a competitive national payments platform.
The Group delivered a positive JAWS ratio during the year, with revenue growth of 14.4% outpacing operating cost growth, underscoring improved operating leverage and sustainable financial performance.
Under its “Expand the Core” pillar, MTC plans to intensify the growth of fixed broadband and enterprise services through targeted home-pass rollouts, increased conversion across new and existing areas, and the deployment of 4G and 5G Fixed Wireless Access to extend last-mile connectivity. The Group remains committed to sustaining double-digit enterprise growth through innovation, strategic partnerships and continued investment in high-capacity digital infrastructure.
Ongoing investment in the national fibre backbone and metro network is expected to enhance service reliability, reduce reliance on third-party transmission providers and strengthen long-term network resilience and uptime.
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