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Airtel Uganda

AIRTEL UGANDA · Uganda Securities Exchange · Incorporated in Uganda · Company statements

On this page
Company details
Legal name
Airtel Uganda Limited
Incorporated in
Uganda
Listing
AIRTEL UGANDA on the Uganda Securities Exchange, active · ISIN UG0000001582 (observed 2026-10-05)
Sector
Telecommunications (our classification from the stated principal activity)
Activity
Mobile voice, data and related services.
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

Source and wording notes

  • Results booklet (no auditor's report included) for 2024: final status not established

    A results booklet approved by the board on 18 February 2025; it is not the signed audited statements and carries no auditor's report. Whether it was the version announced to the exchange was not established.

    Source: Results for the financial year ended 31st December 2024 (with condensed statements drawn from the audited financial statements) (dated 2025-02-18)

  • 2023: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. Drawn from the audited financial statements for the twelve months ended 31 December 2024 (p9)

    Source: Results for the financial year ended 31st December 2024 (with condensed statements drawn from the audited financial statements) (dated 2025-02-18)

  • No auditor's report in this source

    A results booklet, not the audited financial statements: it states the statements were audited by Deloitte & Touche but contains no auditor's report or opinion. The FY2024 annual report was not found from an original source (a guessed issuer URL returned 403 and is not used).

    Source: Results for the financial year ended 31st December 2024 (with condensed statements drawn from the audited financial statements) (dated 2025-02-18)

FY2023 figures come from a results booklet (no auditor's report included), final status not established — see the column notes.

  • Revenue

    UGX 2.23 trillion

    2,232,897 UGX millions · p34

    +12.8% vs 2024

  • Operating profit / (loss)

    UGX 849 billion

    849,185 UGX millions · p34

    +35.0% vs 2024

  • Profit / (loss) for the year

    UGX 447 billion

    446,861 UGX millions · p34

    +41.1% vs 2024

  • Total assets

    UGX 2.74 trillion

    2,736,182 UGX millions · p34

    +5.0% vs 2024

  • Total equity

    UGX 185 billion

    185,435 UGX millions · p34

    +30.1% vs 2024

  • Cash from operations

    UGX 1.01 trillion

    1,013,361 UGX millions · p35

    +15.2% vs 2024

Large amounts are rounded for reading (UGX million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in UGX millions unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source
  • FY2023 — results booklet (no auditor's report included), final status not established; comparative in the FY2024 filing · source
    • Results booklet (no auditor's report included) for 2024: final status not established. A results booklet approved by the board on 18 February 2025; it is not the signed audited statements and carries no auditor's report. Whether it was the version announced to the exchange was not established.
    • 2023: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. Drawn from the audited financial statements for the twelve months ended 31 December 2024 (p9)
    • No auditor's report in this source. A results booklet, not the audited financial statements: it states the statements were audited by Deloitte & Touche but contains no auditor's report or opinion. The FY2024 annual report was not found from an original source (a guessed issuer URL returned 403 and is not used).

Income statement

Income statement, UGX millions. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — results booklet (no auditor's report included) (final status not established), comparative reported in the results booklet (no auditor's report included) for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Results booklet (no auditor's report included)comparative in FY2024 filingsource limitations
Revenue 2,232,897 1,978,815 1,777,307
Other income 16,839 7,683 6,653
Income1 2,249,736 1,986,498 1,783,960
Network operating expenses2 (353,605) (334,080) (314,475)
Access charges3 (105,052) (104,809) (66,008)
Licence fees and spectrum usage charges4 (50,056) (46,771) (43,567)
Employee benefit expenses5 (93,701) (88,978) (83,568)
Sales and marketing expenses6 (246,745) (227,215) (198,777)
Other operating expenses (167,417) (191,106)7 (159,174)
Impairment reversal/(loss) on financial assets 2,196 (1,109) Not reported in this filing8
Depreciation and amortisation9 (386,171) (363,310) (326,737)
Expenses10 (1,400,551) (1,357,378) (1,192,306)
Operating profit 849,185 629,120 591,654
Finance income 13,577 14,969 10,276
Finance costs (222,852) (192,353) (175,045)
Profit before tax 639,910 451,736 426,885
Income tax expense (193,049) (134,996) (129,935)
Profit for the year11 446,861 316,740 296,950
Other comprehensive income for the year, net of tax12 62 32 (6)
Total comprehensive income for the year, net of tax 446,923 316,772 296,944
Notes and alternative reported figures (12)
  1. “Income” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of revenue and other income printed under 'Income'.
  2. “Network operating expenses” is an issuer-specific line, not mapped to a shared definition: Network operating costs (note 8(a)).
  3. “Access charges” is an issuer-specific line, not mapped to a shared definition: Interconnect and access charges paid to other operators.
  4. “Licence fees and spectrum usage charges” is an issuer-specific line, not mapped to a shared definition: Regulatory licence and spectrum fees.
  5. Printed under different labels across filings: “Employee benefit expenses”; “Employee benefits expenses”.
  6. “Sales and marketing expenses” is an issuer-specific line, not mapped to a shared definition: Airtel Uganda's income-statement line 'Sales and marketing expenses', kept as printed. The filings do not state that it matches the shared 'Distribution costs' concept, so it is not compared with other companies.
  7. Results booklet (no auditor's report included) dated 2025-02-18 prints (192,215) (millions, p9) for this line and year.
  8. Not reported in this filing: The results booklet's condensed income statement (p9) prints no impairment line for financial assets.
  9. “Depreciation and amortisation” is an issuer-specific line, not mapped to a shared definition: One combined line (note 9); not split on the face of the statement.
  10. “Expenses” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of the expense lines printed under 'Expenses'.
  11. Printed under different labels across filings: “Profit for the period”; “Profit for the year”.
  12. Printed under different labels across filings: “Other comprehensive income for the year, net of tax”; “Other comprehensive income/(loss) for the year, net of tax”.

Balance sheet

Balance sheet, UGX millions. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — results booklet (no auditor's report included) (final status not established), comparative reported in the results booklet (no auditor's report included) for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Results booklet (no auditor's report included)comparative in FY2024 filingsource limitations
Property plant and equipment 833,946 845,455 764,871
Capital work-in-progress1 88,418 29,145 41,448
Right of use asset 1,137,307 1,082,205 672,869
Intangible assets 369,810 387,887 421,292
Other non-current assets2 86,831 60,251 66,571
Non-current assets 2,516,312 2,404,943 1,967,051
Inventories 3,662 3,027 3,445
Trade receivables3 74,032 75,235 98,481
Cash and cash equivalents 27,199 9,443 34,345
Derivative financial assets4 1,433 –5 Not reported in this filing6
Others7 13,160 10,883 24,636
Income tax asset (net) –5 13,478 5,406
Other current assets8 100,384 88,521 67,194
Current assets 219,870 200,587 233,507
TOTAL ASSETS 2,736,182 2,605,530 2,200,558
Share capital 40,000 40,000 40,000
Retained earnings 145,262 102,401 86,661
Other reserves9 173 111 79
TOTAL EQUITY10 185,435 142,512 126,740
Borrowings 189,579 258,717 291,429
Lease liabilities 1,108,508 1,063,657 609,902
Others11 135,978 141,782 145,203
Deferred revenue12 8,054 9,534 11,068
Provisions13 2,011 2,391 2,931
Deferred tax liabilities14 140,182 132,340 100,188
Non-current liabilities 1,584,312 1,608,421 1,160,721
Borrowings15 455,438 394,773 401,747
Lease liabilities16 151,537 125,274 175,317
Trade payables17 168,400 181,067 194,379
Derivative financial liabilities1819 –20 3,549 508
Others11 71,026 47,005 45,370
Deferred revenue1221 27,204 29,464 29,085
Provisions22 10,621 14,692 13,694
Income tax payable (net) 17,652 –20 Not reported in this filing23
Other current liabilities24 64,557 58,773 52,997
Current liabilities 966,435 854,597 913,097
TOTAL LIABILITIES 2,550,747 2,463,018 Not reported in this filing25
TOTAL EQUITY AND LIABILITIES 2,736,182 2,605,530 2,200,558
Bank overdraft26 186,418 361,189 Not reported in this filing27
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (25)
  1. “Capital work-in-progress” is an issuer-specific line, not mapped to a shared definition: Assets under construction (note 12).
  2. “Other non-current assets” is an issuer-specific line, not mapped to a shared definition: Prepaid expenses, cost to obtain customers, restricted assets and related-party advances (note 16).
  3. “Trade receivables” is an issuer-specific line, not mapped to a shared definition: Airtel Uganda's 'Trade receivables' line within current financial assets. Trade only: other receivables, derivatives and other financial assets are printed as separate lines, so it is not equivalent to the shared 'Trade and other receivables' concept and is not compared with other companies.
  4. “Derivative financial assets” is an issuer-specific line, not mapped to a shared definition: Derivatives at fair value (note 29).
  5. Not reported in this filing: The booklet's statement of financial position (p10) prints no derivative asset line (only 'Derivative financial instruments' under liabilities).
  6. “Others” is an issuer-specific line, not mapped to a shared definition: Unbilled revenue and other financial assets (note 20).
  7. “Other current assets” is an issuer-specific line, not mapped to a shared definition: Prepaid expenses, VAT recoverable, supplier advances and cost to obtain customers (note 16).
  8. “Other reserves” is an issuer-specific line, not mapped to a shared definition: Remeasurement of severance pay in other comprehensive income (note 35).
  9. Printed under different labels across filings: “Equity”; “TOTAL EQUITY”.
  10. “Others” is an issuer-specific line, not mapped to a shared definition: Mainly spectrum liabilities (note 25).
  11. “Deferred revenue” is an issuer-specific line, not mapped to a shared definition: Deferred revenue (note 26).
  12. “Provisions” is an issuer-specific line, not mapped to a shared definition: Provisions (note 27).
  13. Printed under different labels across filings: “Deferred tax liabilities”; “Deferred tax liability”.
  14. Printed under different labels across filings: “Borrowings”; “Borrowings-”.
  15. Printed under different labels across filings: “Lease liabilities”; “Lease liabilities -”.
  16. “Trade payables” is an issuer-specific line, not mapped to a shared definition: Airtel Uganda's 'Trade payables' line within current financial liabilities. Trade only: other payables and other financial liabilities are printed as separate lines, so it is not equivalent to the shared 'Trade and other payables' concept and is not compared with other companies.
  17. “Derivative financial liabilities” is an issuer-specific line, not mapped to a shared definition: Derivatives at fair value (note 29).
  18. Printed under different labels across filings: “Derivative financial instruments”; “Derivative financial liabilities”.
  19. Printed under different labels across filings: “Deferred revenue”; “Deferred revenue-”.
  20. Printed under different labels across filings: “Provisions”; “Provisions-”.
  21. Not reported in this filing: The booklet's statement of financial position (p10) prints an income tax asset (net) and no income tax payable line.
  22. “Other current liabilities” is an issuer-specific line, not mapped to a shared definition: Other non-financial current liabilities (note 30).
  23. Not reported in this filing: The booklet's statement of financial position (p10) prints the non-current and current liability subtotals but no total liabilities line; no total is derived.
  24. “Bank overdraft” is an issuer-specific line, not mapped to a shared definition: Overdraft included in current borrowings (note 23); not a separate balance-sheet line.
  25. Not reported in this filing: The booklet prints no bank overdraft figure; borrowings are shown as one line (p10).

Cash flow

Cash flow, UGX millions. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — results booklet (no auditor's report included) (final status not established), comparative reported in the results booklet (no auditor's report included) for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Results booklet (no auditor's report included)comparative in FY2024 filingsource limitations
Net cash generated from operations before tax 1,167,438 990,871 871,215
Income tax paid (154,077) (110,916) (137,709)
Net cash generated from operating activities (a) 1,013,361 879,955 733,506
Purchase of property, plant and equipment & capital work in progress12 (229,121) (235,861) (242,296)
Purchase of intangible assets and intangible assets under development (11,194) –3 Not reported in this filing4
Interest received 2,283 626 1,021
Net cash flows used in investing activities (b) (238,032) (235,235) (241,275)
Proceeds from borrowings 205,000 35,000 300,000
Repayment of borrowings (39,545) (105,451) (334,486)
Interest on borrowings (89,111) (94,071) (81,548)
Repayment of lease liabilities (132,886) (144,161) (119,448)
Interest paid on lease liabilities (106,562) (72,211) (54,215)
Payment of spectrum liabilities5 (5,609) (6,715) (6,595)
Interest paid on spectrum liabilities6 (10,083) (10,929) (9,458)
Dividend paid (404,006) (301,009) (294,049)
Net cash flows used in financing activities (c) (582,802) (699,547) (599,798)
Net movement in cash and cash equivalents during the year (a+b+c)7 192,527 (54,827) (107,568)
Cash and cash equivalents as at beginning of the year8 (351,746) (296,919) (189,351)
Cash and cash equivalents as at end of the year9 (159,219) (351,746) (296,919)
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (8)
  1. “Purchase of property, plant and equipment & capital work in progress” is an issuer-specific line, not mapped to a shared definition: Airtel Uganda's investing cash-flow line combining purchases of property, plant and equipment with capital work in progress, kept as printed. Airtel presents capital work in progress as a separate balance-sheet line, so the line is not equated with the shared 'Purchase of property, plant and equipment' concept and is not compared with other companies.
  2. Printed under different labels across filings: “Purchase of property, plant and equipment & capital work in progress”; “Purchase of property, plant and equipment and capital WIP”.
  3. Not reported in this filing: The booklet's cash flow statement (p12) prints no purchase of intangible assets line.
  4. “Payment of spectrum liabilities” is an issuer-specific line, not mapped to a shared definition: Principal paid on spectrum liabilities (note 25).
  5. “Interest paid on spectrum liabilities” is an issuer-specific line, not mapped to a shared definition: Interest paid on spectrum liabilities (note 25).
  6. Printed under different labels across filings: “Net movement in cash and cash equivalents during the period (a+b+c)”; “Net movement in cash and cash equivalents during the year (a+b+c)”.
  7. Printed under different labels across filings: “Cash and cash equivalents as at beginning of the period”; “Cash and cash equivalents as at beginning of the year”.
  8. Printed under different labels across filings: “Cash and cash equivalents as at end of the period”; “Cash and cash equivalents as at end of the year”.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — results booklet (no auditor's report included) (final status not established), comparative reported in the results booklet (no auditor's report included) for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Results booklet (no auditor's report included)comparative in FY2024 filingsource limitations
Earnings / (loss) per share (per share)21 11.2 7.9 7.4
Profit / (loss) attributable to shareholders (UGX millions)4 446,861 316,740 Not reported in this filing3
Weighted average shares (shares)6 40,000,000 thousand 40,000,000 thousand Not reported in this filing5
Shares in issue at year end (shares)9 40,000,000,000 Not yet collected from the source7 Not reported in this filing8
Notes and alternative reported figures (9)
  1. Printed under different labels across filings: “Basic and diluted earnings per share”; “Basic and diluted earnings per share (Ushs)”.
  2. Earnings / (loss) per share: printed as “Basic and diluted earnings per share (Ushs)”.
  3. Not reported in this filing: The booklet prints profit for the period and earnings per share, but no profit attributable to equity holders line (p9).
  4. Profit / (loss) attributable to shareholders: printed as “Net profit attributable to ordinary equity holders of the”.
  5. Not reported in this filing: The booklet prints no weighted average number of shares (only a glossary definition of earnings per share).
  6. Weighted average shares: printed as “Weighted average number of shares at 31 December”.
  7. Not yet collected from the source: Reading unresolved: note 22 (PDF p53) prints '40,000,000,000 ordinary shares of Ushs 1' once, in a row label beside both year columns, and the shareholding table is as at 31 December 2025 only. The count is recorded for 2025; whether the label also states the 2024 count is left to independent review.
  8. Not reported in this filing: The booklet prints share capital as an amount (Ushs 40,000 million) but no number of shares.
  9. Shares in issue at year end: printed as “Ordinary share capital issued and fully paid”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividend recommended, subject to shareholder approval Further, the Directors recommend a final dividend of Ushs 142,000 million at a rate of Ushs. 3.55 per share no amount Annual report, p31
31 Dec 2025 Dividend proposed per share, as printed in a statement final dividend 3.55 UGX per share Annual report, p31
31 Dec 2025 Total dividend per share for the year total dividend for the year 11.15 UGX per share Annual report, p31
31 Dec 2025 Dividends paid (cash flow statement) Dividend paid (404,006) UGX millions Annual report, p35
31 Dec 2024 Dividend recommended, subject to shareholder approval recommended the payment of a final dividend of Ushs 100 billion at the rate of Ushs 2.50 per share for the financial year ended 31 December 2024 no amount Results booklet (no auditor's report included), p8
31 Dec 2024 Dividend proposed per share, as printed in a statement final dividend 2.50 UGX per share Results booklet (no auditor's report included), p8
31 Dec 2024 Total dividend per share for the year total dividend 7.88 UGX per share Results booklet (no auditor's report included), p8
31 Dec 2024 Total dividend per share for the year total dividend for the year 7.88 UGX per share Annual report, p31
31 Dec 2024 Dividends paid (cash flow statement) Dividend paid (301,009) UGX millions Annual report, p35
31 Dec 2023 Dividends paid (cash flow statement) Dividend paid (294,049) UGX millions Results booklet (no auditor's report included), p12

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Airtel Uganda Limited Annual Report 2025 (financial statements for the year ended 31 December 2025)

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: Deloitte & Touche, unmodified opinion · signed

    Auditor's sign-off: Deloitte & Touche; engagement partner Paul Ssali

    Final status: Auditor's report signed by Deloitte & Touche (with seal) and the partner, dated 20 February 2026 (p33); approved by the board on 20 February 2026 (p34); page image checked.

    Document date
    20 Feb 2026
    Auditor's report
    20 Feb 2026
    Board approval
    20 Feb 2026
    Retrieved by us
    5 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    company statements · UGX millions (printed “Ushs millions”)
    • EBITDA is reported in the narrative as a non-GAAP measure; it is not on the face of the statements and was not entered.
    Technical details
    File
    64 pages, with a text layer
    SHA-256
    2fc23093013daae56cfd0e68b8cf21c6c263250077d767aa5ed45669a6e77438
    Entity as printed
    Airtel Uganda Limited (company)
    Note
    No exchange or linked issuer page was found for this file; it was located through a web search index on the issuer's own file server (cdn-webportal.airtelstream.net).
    Note
    Each PDF page holds two printed report pages; page references are PDF pages.
    Issuer copy
    retrieved 2026-10-05T23:36:58Z

  • Results for the financial year ended 31st December 2024 (with condensed statements drawn from the audited financial statements)

    Year ended 31 December 2024 · Results booklet (no auditor's report included) · final status not established

    Audit: Deloitte & Touche (named); no auditor's opinion on the full statements in this document · no signature page in this document

    Final status: A results booklet approved by the board on 18 February 2025; it is not the signed audited statements and carries no auditor's report. Whether it was the version announced to the exchange was not established.

    Document date
    18 Feb 2025
    Auditor's report
    date not found in this document
    Board approval
    18 Feb 2025
    Retrieved by us
    5 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023
    Basis
    company statements · UGX millions (printed “Ushs millions”)
    • Pages 10-11 and 12-13 repeat the same statements. The two cash-flow pages differ in one figure: cash at the beginning of 2023 is (189,351) on p12 and (189,350) on p13. Entered from p12; both kept as printed in this note.
    • The statements are headed 'Final condensed consolidated financial statements'; the FY2025 annual report presents Airtel Uganda Limited's own (company) statements. Recorded as company basis.
    • The text layers of PDF pages 8 and 9 each contain both pages' text (a property of this PDF), so text search alone places the dividend recommendation and directors' statement on either page. On the rendered pages they are on PDF p8 (printed page 7) and the statement of comprehensive income on PDF p9 (printed page 8); citations follow the rendered pages (corrected 2026-10-06 from p9).
    Technical details
    File
    16 pages, with a text layer
    SHA-256
    afc3e13fbf5874ef2744015ed0462e6e971e2044e4aba9a5f50e443ff7302b13
    Entity as printed
    Airtel Uganda Limited (company)
    Note
    Located through a web search index on the issuer's own file server; not reached through a linked page.
    Issuer copy
    retrieved 2026-10-05T23:36:59Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been checked against its cited source page in an AI-assisted source verification (6 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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