Botswana Telecommunications Corporation Limited (BTC) has posted a revenue growth of 4% to P1.49 billion for the financial year ended 31 March 2025.
It is the largest annual revenue growth that the telco has recorded since the 2016/2017 financial year, when revenue grew by 8%.
"Revenue grew by 4%, driven by continued uptake in fixed and mobile data services supported by investments in high-speed fibre networks and expansion of the mobile data infrastructure," BTC said.
"Additional revenue growth was realised from the mobile money and cloud services Protection Act, which increased demand for local cloud storage and computing services."
The revenue growth was also boosted by a significant increase in capex spending, with the CAPEX-to-revenue ratio increasing from 14.3% to 20.2%. Some capex line items include expanding 4G coverage nationwide and enhancing customer self-service through automation.
With P793 million in cash and equivalents, up from P625 million in 2024, the telco will be looking to double down on investment in the aforementioned line items.
Profit before tax also jumped by 30% to P259 million as margins improved because of a 5% drop in the cost of services and goods sold to P603 million. However, EBITDA margins took a hit from 32.5% to 30.1%.
Still, earnings per share rose by 28% to 19.26 thebe from 15 thebe last year. Return on Capital Employed (ROCE) also strengthened to 7.5% from 6.1%, underlining better returns on invested capital.
Following the results, BTC declared a final dividend of 10.83 thebe per share.