ZCCM-IH Announces Significant Earnings Increase for 2024

ZCCM Investments Holdings PLC (ZCCM-IH) revealed a remarkable rise in earnings per share (EPS) for the fiscal year ending 31 December 2024. The EPS is projected to climb approximately 1138% compared to the previous year. This surge is largely due to the Mopani Strategic Equity Partner (SEP) Transaction, which has repositioned Mopani Copper Mines Plc as a viable financial entity. The transaction also enabled settling a ZMW 44.72 billion debt, resulting in a one-off gain of ZMW 35.92 billion for the group.

Consequently, ZCCM-IH recorded a profit of ZMW 42.30 billion for 2024, in contrast to a loss of ZMW 4.08 billion in 2023. The Mopani transaction led to its reclassification from a subsidiary to an associate, significantly enhancing group earnings. Shareholders are advised that these figures are provisional and unaudited, with official results expected to be published on 6 May 2025. Until then, caution is advised in dealing with the company’s securities.