Reported Earnings • Apr 20
Full year 2025 earnings released: EPS: USh11.20 (vs USh7.92 in FY 2024) Full year 2025 results: EPS: USh11.20 (up from USh7.92 in FY 2024). Revenue: USh2.25t (up 13% from FY 2024). Net income: USh446.9b (up 41% from FY 2024). Profit margin: 20% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Upcoming Dividend • Mar 26
Upcoming dividend of USh3.55 per share Eligible shareholders must have bought the stock before 02 April 2026. Payment date: 29 April 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 6.4%. Lower than top quartile of Ugandan dividend payers (9.0%). Higher than average of industry peers (1.2%). New Risk • Mar 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.3% per year over the past 5 years. Minor Risks High level of debt (395% net debt to equity). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Annonce • Feb 24
Airtel Uganda Limited, Annual General Meeting, Mar 18, 2026 Airtel Uganda Limited, Annual General Meeting, Mar 18, 2026, at 09:00 E. Africa Standard Time. Upcoming Dividend • Dec 04
Upcoming dividend of USh3.25 per share Eligible shareholders must have bought the stock before 11 December 2025. Payment date: 02 January 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 9.2%. Lower than top quartile of Ugandan dividend payers (10%). Higher than average of industry peers (1.4%). Upcoming Dividend • Sep 08
Upcoming dividend of USh2.50 per share Eligible shareholders must have bought the stock before 15 September 2025. Payment date: 07 October 2025. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 9.8%. Lower than top quartile of Ugandan dividend payers (10.0%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 31
First half 2025 earnings released: EPS: USh4.90 (vs USh3.83 in 1H 2024) First half 2025 results: EPS: USh4.90 (up from USh3.83 in 1H 2024). Revenue: USh1.08t (up 12% from 1H 2024). Net income: USh197.2b (up 29% from 1H 2024). Profit margin: 18% (up from 16% in 1H 2024). The increase in margin was driven by higher revenue. Upcoming Dividend • Jun 04
Upcoming dividend of USh1.85 per share Eligible shareholders must have bought the stock before 10 June 2025. Payment date: 03 July 2025. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 9.8%. Lower than top quartile of Ugandan dividend payers (15%). Higher than average of industry peers (4.9%). New Risk • Apr 29
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 99% Dividend yield: 8.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (3.3% average weekly change). Earnings have declined by 5.5% per year over the past 5 years. Minor Risks High level of debt (452% net debt to equity). Dividend is not well covered by earnings (99% payout ratio). Reported Earnings • Apr 28
Full year 2024 earnings released: EPS: USh7.90 (vs USh7.42 in FY 2023) Full year 2024 results: EPS: USh7.90 (up from USh7.42 in FY 2023). Revenue: USh1.99t (up 11% from FY 2023). Net income: USh316.7b (up 6.7% from FY 2023). Profit margin: 16% (in line with FY 2023). New Risk • Apr 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (3.6% average weekly change). Earnings have declined by 5.9% per year over the past 5 years. Minor Risks High level of debt (426% net debt to equity). Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Upcoming Dividend • Mar 28
Upcoming dividend of USh2.50 per share Eligible shareholders must have bought the stock before 04 April 2025. Payment date: 28 April 2025. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 9.1%. Lower than top quartile of Ugandan dividend payers (13%). Higher than average of industry peers (5.0%). Annonce • Feb 20
Airtel Uganda Limited, Annual General Meeting, Mar 18, 2025 Airtel Uganda Limited, Annual General Meeting, Mar 18, 2025, at 09:00 E. Africa Standard Time. New Risk • Feb 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Ugandan stocks, typically moving 4.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.9% per year over the past 5 years. Minor Risks High level of debt (426% net debt to equity). Share price has been volatile over the past 3 months (4.0% average weekly change). Upcoming Dividend • Dec 05
Upcoming dividend of USh2.08 per share Eligible shareholders must have bought the stock before 12 December 2024. Payment date: 03 January 2025. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of Ugandan dividend payers (14%). In line with average of industry peers (5.7%). New Risk • Dec 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Ugandan stocks, typically moving 2.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.9% per year over the past 5 years. Minor Risks High level of debt (426% net debt to equity). Share price has been volatile over the past 3 months (2.9% average weekly change). Reported Earnings • Sep 27
First half 2024 earnings released First half 2024 results: EPS: USh3.80. Net income: USh153.2b (up USh153.2b from 1H 2023). Upcoming Dividend • Sep 02
Upcoming dividend of USh2.15 per share Eligible shareholders must have bought the stock before 09 September 2024. Payment date: 02 October 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Ugandan dividend payers (14%). Lower than average of industry peers (5.7%). Buy Or Sell Opportunity • Jul 02
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to USh70.00. The fair value is estimated to be USh92.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 107%. Buy Or Sell Opportunity • Jun 27
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to USh70.00. The fair value is estimated to be USh92.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 107%. New Risk • Mar 02
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Revenue has declined by 3.2% over the past year. Minor Risk High level of debt (479% net debt to equity). Buy Or Sell Opportunity • Feb 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to USh89.58. The fair value is estimated to be USh112, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last year. Earnings per share has declined by 11%. New Risk • Dec 31
New major risk - Revenue and earnings growth Revenue has declined by 3.2% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 3.2% over the past year. Minor Risks High level of debt (479% net debt to equity). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end).