MTNU Income Statement - TTM - MTN Uganda Limited

Income Statement (TTM)

MTN Uganda Limited Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 12-31	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	1,877,799	2,060,087	2,112,516	2,160,525	2,235,778	2,317,051	2,376,104	2,489,452	2,554,106	2,670,256	2,792,765	2,926,041	3,053,232	3,173,599	3,271,058	3,375,008
Change (%)		9.71	2.54	2.27	3.48	3.64	2.55	4.77	2.60	4.55	4.59	4.77	4.35	3.94	3.07	3.18
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	480,549	463,985	481,073	479,871	483,550	526,304	526,304	578,009	526,304	626,262	626,262	701,077	626,262	715,217	759,133	722,532
Change (%)		-3.45	3.68	-0.25	0.77	8.84	0.00	9.82	-8.95	18.99	0.00	11.95	-10.67	14.20	6.14	-4.82
% of Revenue	25.59	22.52	22.77	22.21	21.63	22.71	22.15	23.22	20.61	23.45	22.42	23.96	20.51	22.54	23.21	21.41

Gross Operating Profit	1,397,250	1,596,102	1,631,443	1,680,654	1,752,228	1,790,748	1,849,800	1,911,443	2,027,802	2,043,994	2,166,503	2,224,964	2,426,970	2,458,382	2,511,925	2,652,477
Change (%)		14.23	2.21	3.02	4.26	2.20	3.30	3.33	6.09	0.80	5.99	2.70	9.08	1.29	2.18	5.60
% of Revenue	74.41	77.48	77.23	77.79	78.37	77.29	77.85	76.78	79.39	76.55	77.58	76.04	79.49	77.46	76.79	78.59

SG&A	316,250	384,530	367,442	423,227	367,442	437,858	437,858	455,260	437,858	492,618	492,618	531,370	492,618	585,699	585,699	634,173
Change (%)		21.59	-4.44	15.18	-13.18	19.16	0.00	3.97	-3.82	12.51	0.00	7.87	-7.29	18.90	0.00	8.28
% of Revenue	16.84	18.67	17.39	19.59	16.43	18.90	18.43	18.29	17.14	18.45	17.64	18.16	16.13	18.46	17.91	18.79

R&D
Change (%)
% of Revenue

OpEx	1,278,857	1,423,811	1,449,429	1,453,836	1,503,228	1,544,265	1,563,701	1,640,044	1,670,447	1,740,938	1,812,355	1,881,017	1,949,633	2,013,032	2,066,136	2,095,352
Change (%)		11.33	1.80	0.30	3.40	2.73	1.26	4.88	1.85	4.22	4.10	3.79	3.65	3.25	2.64	1.41
% of Revenue	68.10	69.11	68.61	67.29	67.24	66.65	65.81	65.88	65.40	65.20	64.89	64.29	63.85	63.43	63.16	62.08

Operating Income	598,942	636,276	663,087	706,689	732,550	772,787	812,403	849,408	883,659	929,318	980,410	1,045,024	1,103,599	1,160,567	1,204,922	1,279,656
Change (%)		6.23	4.21	6.58	3.66	5.49	5.13	4.56	4.03	5.17	5.50	6.59	5.61	5.16	3.82	6.20
% of Revenue	31.90	30.89	31.39	32.71	32.76	33.35	34.19	34.12	34.60	34.80	35.11	35.71	36.15	36.57	36.84	37.92

Interest Expense	-138,194	-147,507	-171,026	-164,871	-166,813	-191,512	-217,322	-231,702	-258,296	-275,468	-279,689	-290,976	-295,001	-290,360	-291,782	-293,579
Change (%)		6.74	15.94	-3.60	1.18	14.81	13.48	6.62	11.48	6.65	1.53	4.04	1.38	-1.57	0.49	0.62
% of Revenue	-7.36	-7.16	-8.10	-7.63	-7.46	-8.27	-9.15	-9.31	-10.11	-10.32	-10.01	-9.94	-9.66	-9.15	-8.92	-8.70

Net Income	321,682	340,410	357,260	403,272	391,150	406,050	426,191	440,525	467,836	493,077	522,457	560,781	598,052	641,548	672,409	612,759
Change (%)		5.82	4.95	12.88	-3.01	3.81	4.96	3.36	6.20	5.40	5.96	7.34	6.65	7.27	4.81	-8.87
% of Revenue	17.13	16.52	16.91	18.67	17.50	17.52	17.94	17.70	18.32	18.47	18.71	19.17	19.59	20.22	20.56	18.16

Source: Capital IQ

MTN Uganda Limited - Income Statement (TTM)

Income Statement (TTM)