ZCCM Investments Holdings Plc (ZCCM-IH) shareholders have approved a dividend of K529 million for the 2024 financial year during the company’s 21st Annual General Meeting (AGM) held on Friday, July 18, 2025.
According to a statement issued to ZANIS by ZCCM-IH Corporate Affairs Manager Loisa Mbatha, of this amount, K410 million will go to the government, through the Industrial Development Corporation who will receive K319 million, while the Ministry of Finance and National Planning will get K91 million.
The National Pension Scheme Authority (NAPSA) will receive K79 million and the balance of K40 million will go to minority shareholders.
ZCCM-IH Board Chairperson Phesto Musonda says the dividend represents 35 percent of realised accumulated company profits, in line with the company’s dividend policy.
Mr Musonda said compared to prior years, the dividend represents a significant increase from K243 million in 2023.
He disclosed that the ZCCM-IH Group recorded exceptional turnaround from a loss of K4.7 billion in 2023 to a strong profit of K40 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”, Mr. Musonda said.
He however said despite the Group’s strong financial performance, ZCCM-IH at company level recorded a loss of K4.38 billion.
He said this was primarily attributed to a one-off investment expense of K3.86 billion, along with finance costs on the Glencore loan related to the Mopani restructuring.
And ZCCM-IH Chief Executive officer, Kakenenwa Muyangwa said the firm 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 K3.1 billion 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”, Mr Muyangwa said.
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 K2.2 billion.
