MTN Uganda Limited (UGSE: MTNU)

MTN Uganda Income Statement

Financials in millions UGX. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	3,051,822	2,669,146	2,286,252	2,060,087	1,877,799	1,322,918
Other Revenue	1,410	1,110	30,799	-	-	-
Revenue	3,053,232	2,670,256	2,317,051	2,060,087	1,877,799	1,322,918
Revenue Growth (YoY)	19.54%	15.24%	12.47%	9.71%	41.94%	-14.69%
Cost of Revenue	626,262	626,262	526,304	463,985	480,549	463,046
Gross Profit	2,426,970	2,043,994	1,790,748	1,596,102	1,397,250	859,871
Selling, General & Admin	485,580	485,580	430,060	375,300	324,682	120,963
Other Operating Expenses	343,076	180,174	173,498	153,995	151,591	96,363
Operating Expenses	1,323,371	1,114,675	1,017,961	959,826	798,308	516,204
Operating Income	1,103,599	929,318	772,787	636,276	598,943	343,668
Interest Expense	-295,001	-275,468	-191,512	-147,507	-138,194	-128,935
Interest & Investment Income	51,691	54,548	28,046	5,314	3,566	3,518
Currency Exchange Gain (Loss)	-1,776	-1,776	-17,782	-3,141	-3,936	-2,111
Other Non Operating Income (Expenses)	-	-	-0	-	-	-
EBT Excluding Unusual Items	858,512	706,622	591,538	490,943	460,379	216,139
Asset Writedown	-294.98	-294.98	-509.39	-	-	-
Pretax Income	858,217	706,327	591,029	490,943	460,379	216,139
Income Tax Expense	260,165	213,251	184,979	150,533	138,697	61,208
Earnings From Continuing Operations	598,052	493,077	406,050	340,410	321,682	154,931
Earnings From Discontinued Operations	-	-	-	-	-	114,319
Net Income	598,052	493,077	406,050	340,410	321,682	269,250
Net Income to Common	598,052	493,077	406,050	340,410	321,682	269,250
Net Income Growth	27.83%	21.43%	19.28%	5.82%	19.47%	22.65%
Shares Outstanding (Basic)	22,372	22,389	22,389	22,389	22,389	4
Shares Outstanding (Diluted)	22,372	22,389	22,389	22,389	22,389	4
Shares Change (YoY)	-0.07%	-	0.00%	-	594720.51%	-
EPS (Basic)	26.73	22.02	18.14	15.20	14.37	71532.96
EPS (Diluted)	26.73	22.02	18.14	15.20	14.37	71532.96
EPS Growth	27.93%	21.43%	19.28%	5.82%	-99.98%	22.65%
Free Cash Flow	612,008	641,946	591,791	680,993	391,756	413,966
Free Cash Flow Per Share	27.36	28.67	26.43	30.42	17.50	109980.43
Dividend Per Share	20.500	18.000	15.900	4.706	40650.000	41000.000
Dividend Growth	19.88%	13.21%	237.87%	-99.99%	-0.85%	22.39%
Gross Margin	79.49%	76.55%	77.29%	77.48%	74.41%	65.00%
Operating Margin	36.15%	34.80%	33.35%	30.89%	31.90%	25.98%
Profit Margin	19.59%	18.47%	17.52%	16.52%	17.13%	20.35%
Free Cash Flow Margin	20.04%	24.04%	25.54%	33.06%	20.86%	31.29%
EBITDA	1,363,683	1,143,608	998,715	908,919	802,137	501,360
EBITDA Margin	44.66%	42.83%	43.10%	44.12%	42.72%	37.90%
D&A For EBITDA	260,084	214,290	225,928	272,642	203,195	157,692
EBIT	1,103,599	929,318	772,787	636,276	598,943	343,668
EBIT Margin	36.15%	34.80%	33.35%	30.89%	31.90%	25.98%
Effective Tax Rate	30.31%	30.19%	31.30%	30.66%	30.13%	28.32%

Source: S&P Capital IQ. Standard template. Financial Sources.