ZCCM Investments Holdings Plc (ZCCM-IH) shareholders approved a dividend of K529 million (US$23 million) for the 2024 financial year during the Company’s 21st Annual General Meeting (AGM) held on Friday, 18th July 2025.
Of this amount, ZMW410 million will go to the Government of the Republic of Zambia through 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, and the balance of ZMW40 million will go to minority shareholders.
The dividend represents 35% of realised accumulated company profits, in line with the Company’s dividend policy. Compared to prior years, the dividend represents a significant increase from ZMW243 million in 2023.
The ZCCM-IH Group recorded exceptional turnaround from a loss of ZWM 4.7 billion in 2023 to a strong profit of ZMW40 billion in 2024, largely driven by the successful completion of the Mopani Strategic Equity Transaction, which repositioned Mopani as a financially viable operation.
“2024 was a landmark year for ZCCM-IH and was transformative to date. The Group delivered record breaking performance, driven by exceptional investment returns, sustained royalty inflows, and major restructuring achievements.
As we look ahead, our focus remains to actively seek new viable investments in the mining and energy sectors, consistent dividend growth, and embedding a high-performance culture across the Group”, ZCCM-IH Board Chairperson, Mr Phesto Musonda
Despite the Group’s strong financial performance, ZCCM-IH at Company level recorded a loss of ZMW 4.38 billion.
This was primarily attributed to a one-off investment expense of ZMW 3.86 billion (US$150 million), along with finance costs on the Glencore loan related to the Mopani restructuring.
This strategic restructuring was essential to eliminate Mopani’s unsustainable US$1.71 billion debt, which ZCCM-IH had guaranteed.
ZCCM-IH is poised for stable and sustained growth based on the strategies we are undertaking. For instance, Mopani now has a clearer route to profitability under the restructured agreement; and Kansanshi royalties are a predictable and significant income stream having received close to ZMW3.1 billion (US$126 million) from April 2023 upto 31st December 2024.
These drivers among others affirm our confidence in maintaining a strong performance and delivering value to our shareholders sustainably”, ZCCM-IH Chief Executive officer, Kakenenwa Muyangwa.
The dividends declared for the 2024 financial year marks the tenth consecutive dividend declaration by ZCCM-IH, bringing the total dividends paid to shareholders since 2015 to ZMW2.2 billion.
