MTN Uganda Balance Sheet

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

Millions UGX. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	388,025	152,005	238,563	200,773	188,814
Short-Term Investments	-	-	12,265	-	-
Cash & Short-Term Investments	388,025	152,005	250,828	200,773	188,814
Cash Growth	155.27%	-39.40%	24.93%	6.33%	219.10%
Accounts Receivable	217,747	116,457	103,064	124,409	122,214
Other Receivables	-	61,558	53,255	24,308	18,159
Receivables	217,747	178,015	156,318	148,717	140,373
Inventory	5,943	8,133	12,745	27,432	7,811
Prepaid Expenses	-	35,024	32,901	37,076	38,972
Other Current Assets	1,510,608	1,386,922	1,510,264	1,218,343	969,941
Total Current Assets	2,122,324	1,760,099	1,963,056	1,632,341	1,345,910
Property, Plant & Equipment	2,778,794	2,422,398	2,178,261	1,898,547	1,500,575
Other Intangible Assets	352,701	379,705	429,637	357,717	382,815
Long-Term Deferred Tax Assets	13,889	18,344	21,609	14,615	6,457
Long-Term Deferred Charges	39,006	33,076	23,424	10,702	9,565
Other Long-Term Assets	51,472	56,983	66,553	55,876	53,073
Total Assets	5,358,185	4,670,604	4,682,540	3,969,799	3,298,395
Accounts Payable	742,096	189,036	203,739	197,886	91,830
Accrued Expenses	7,950	171,791	158,607	135,696	27,302
Short-Term Debt	-	22,434	113,490	77,577	-
Current Portion of Long-Term Debt	80,656	-	71,247	89,099	198,693
Current Portion of Leases	299,286	193,208	149,728	106,595	104,277
Current Income Taxes Payable	6,690	3,534	2,534	4,323	-
Current Unearned Revenue	34,576	29,971	31,960	16,508	7,710
Other Current Liabilities	1,528,945	1,597,391	1,692,366	1,357,599	1,215,835
Total Current Liabilities	2,700,200	2,207,365	2,423,672	1,985,283	1,645,647
Long-Term Debt	164,878	-	17,652	82,897	165,460
Long-Term Leases	1,198,769	1,173,940	1,107,021	965,892	627,943
Long-Term Unearned Revenue	11,859	13,497	12,395	12,215	10,831
Other Long-Term Liabilities	56,207	79,010	107,582	19,514	12,354
Total Liabilities	4,131,913	3,473,813	3,668,322	3,065,801	2,462,236
Common Stock	22,389	22,389	22,389	22,389	22,389
Retained Earnings	1,203,883	1,174,403	991,830	881,609	813,770
Shareholders' Equity	1,226,272	1,196,792	1,014,219	903,998	836,159
Total Liabilities & Equity	5,358,185	4,670,604	4,682,540	3,969,799	3,298,395
Total Debt	1,743,589	1,389,582	1,459,137	1,322,060	1,096,374
Net Cash (Debt)	-1,355,564	-1,237,577	-1,208,309	-1,121,287	-907,559
Net Cash Per Share	-60.51	-55.28	-53.97	-50.08	-40.54
Filing Date Shares Outstanding	22,389	22,389	22,389	22,389	22,389
Total Common Shares Outstanding	22,389	22,389	22,389	22,389	22,389
Working Capital	-577,877	-447,266	-460,616	-352,942	-299,736
Book Value Per Share	54.77	53.45	45.30	40.38	37.35
Tangible Book Value	873,571	817,087	584,582	546,281	453,344
Tangible Book Value Per Share	39.02	36.49	26.11	24.40	20.25
Land	-	59,305	55,189	52,392	49,883
Machinery	-	2,998,707	2,686,816	2,412,426	2,200,621
Construction In Progress	-	29,710	14,426	9,702	7,409
Leasehold Improvements	-	37,730	32,117	29,725	30,166

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.