ZCCM Investments Holdings PLC Reports Financial Turnaround in 2024

ZCCM Investments Holdings PLC has unveiled its provisional unaudited financial results for the year ended December 31, 2024. The group reversed the previous year's losses, reporting a profit of ZMW 42.31 billion, compared to a loss of ZMW 4.08 billion in 2023. This dramatic improvement was largely attributed to the Mopani Strategic Equity Partner (SEP) transaction. The deal repositioned Mopani as financially viable, triggering a one-off gain of ZMW 35.92 billion. Operating profit climbed to ZMW 40.07 billion, up from a loss of ZMW 2.10 billion the previous year.

Furthermore, ZCCM-IH’s asset valuations increased significantly, primarily boosted by the fair value recognition of Mopani and Mingomba. The total assets rose to ZMW 62.09 billion in 2024 from ZMW 58.46 billion in 2023. Equity levels also showed improvement, necessitating a focus on controlled capital efficiency and diversification strategies, particularly in the energy sector. At the company level, however, ZCCM-IH posted a loss of ZMW 4.47 billion, driven by a significant investment expense linked to the Mopani transaction.