28 November 2024
Botswana Telecommunications Corporation (BTC) is pleased to announce its unaudited interim financial results for the half-year ended 30 September 2024. These results highlight modest growth and reaffirm BTC’s unwavering commitment to delivering value to shareholders and customers.
Financial Highlights
- Revenue: BTC recorded a revenue of BWP 722 million, reflecting a 1% year-on-year increase, driven by shifting consumer preferences towards mobility, data services, and mobile financial solutions.
- Profit After Tax: Profit after tax rose significantly to BWP 112 million, a 57% increase from BWP 71 million reported in the prior-year period. This growth was underpinned by effective resource management.
- EBITDA: BTC achieved an EBITDA margin of 34.8%, demonstrating robust operational efficiency.
- Dividends: The Board of Directors declared an interim dividend of 4 thebe per share amounting to P42 million, reaffirming BTC’s dedication to enhancing shareholder value.
Outlook for the Future
BTC Acting Chief Executive Officer Ms. Boitumelo Paya commented, “I am pleased to report that we continue to demonstrate resilience and growth. The results reflect the strength of our strategy, disciplined execution, and the dedication of the entire team. While we faced challenges we continue to hold, our ability to adapt and innovate has enabled us to deliver consistent value for our stakeholders. Looking ahead, we remain focused on sustaining our momentum, optimising operations and exploring new opportunities to drive profitability and long-term success.”
BTC remains on track to become Botswana’s leading digital solutions provider by FY2025. Key strategic initiatives include:
- Driving affordability: ensuring that BTC’s products are accessible to all, so that no one is left behind in gaining digital access.
- Embedding sustainability: incorporating sustainable practices across the value chain to support long term growth and resilience.
- Expanding the SMEGA ecosystem: strengthening mobile financial services offerings and targeting rural areas to serve the unbanked population.
These efforts align BTC’s vision to lead in the digital era and underscore its commitment to being a responsible corporate citizen, creating lasting value for stakeholders.
