Profits Up, Payouts Rise

Published from Blogger Prime Android AppStrategic deals boost financial performance and dividends.

By Francis Maingaila
Lusaka, Zambia24 – July 21, 2025

ZCCM Investments Holdings Plc (ZCCM-IH) has declared a record dividend payout of K529 million (US$23 million) for the 2024 financial year, following a remarkable financial turnaround driven by key strategic transactions in the mining sector.

The announcement was made during the Company’s 21st Annual General Meeting (AGM) held on Friday, 18th July 2025, and marks the tenth consecutive dividend declaration by ZCCM-IH. The dividend more than doubles the K243 million declared in 2023.

Corporate Affairs Manager Loisa Mbatha confirmed that the Government of the Republic of Zambia will receive the largest share of the dividend, totaling ZMW410 million, split between the Industrial Development Corporation (ZMW319 million) and the Ministry of Finance and National Planning (ZMW91 million). The National Pension Scheme Authority (NAPSA) will receive ZMW79 million, while ZMW40 million will be distributed among minority shareholders.

Published from Blogger Prime Android AppMbatha emphasized that the dividend is in line with the company’s policy to distribute 35% of realised accumulated profits.

ZCCM-IH Group posted a dramatic recovery from a ZMW4.7 billion loss in 2023 to a ZMW40 billion profit in 2024, largely attributed to the successful completion of the Mopani Strategic Equity Transaction.

“This was a landmark year. We delivered record-breaking results, driven by exceptional investment returns, sustained royalty inflows, and major restructuring achievements,” said Board Chairperson Phesto Musonda.

Despite the Group’s profitability, ZCCM-IH at the company level posted a ZMW4.38 billion loss, which Mbatha explained was due to a one-time investment cost of ZMW3.86 billion (US$150 million) and finance charges related to the Mopani restructuring. These costs were incurred to eliminate Mopani’s US$1.71 billion debt, which ZCCM-IH had guaranteed.

Published from Blogger Prime Android AppChief Executive Officer Kakenenwa Muyangwa said ZCCM-IH is poised for sustained growth through its mining and energy investment strategy. He cited Kansanshi Mine royalties, which generated ZMW3.1 billion (US$126 million) from April 2023 to December 2024, as a reliable revenue source.

“Mopani now has a clearer path to profitability, and our strategic outlook gives us confidence in maintaining strong performance and consistent shareholder returns,” Muyangwa added.

Since 2015, ZCCM-IH has paid out ZMW2.2 billion in dividends, underscoring the company’s improving financial strength and commitment to value creation for shareholders.

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