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ZCCM Investments Holdings Plc (ZCCM-IH) will continue to prioritise strategic investments in the mining and energy sectors while focusing on consistent dividend growth and fostering a high-performance culture across its group operations, Board Chairperson Phesto Musonda has said.
Speaking during the company’s 21st Annual General Meeting (AGM) held on Friday, July 18, 2025, Musonda announced that shareholders had approved a dividend payout of K529 million for the 2024 financial year.
Of the declared amount, K410 million will be paid to the government—K319 million to the Industrial Development Corporation (IDC) and K91 million to the Ministry of Finance and National Planning.
The National Pension Scheme Authority (NAPSA) will receive K79 million, while K40 million will go to minority shareholders.
The payout represents 35 percent of realised accumulated profits, in line with the company’s dividend policy, and reflects a significant increase from the K243 million declared in 2023.
This marked the tenth consecutive year ZCCM-IH had declared dividends, bringing the total distributed since 2015 to K2.2 billion.
“2024 was a landmark year for ZCCM-IH, with record-breaking performance driven by strong investment returns, steady royalty inflows, and key restructuring milestones,” said Musonda.
Despite the Group’s robust financial results, ZCCM-IH recorded a loss of K4.38 billion at the corporate level.
This was mainly attributed to a one-off investment expense of K3.86 billion (US$150 million), and finance costs related to the Glencore loan as part of the Mopani Copper Mines restructuring process.
Musonda explained that the restructuring was a strategic move aimed at resolving Mopani’s unsustainable US$1.71 billion debt burden, which ZCCM-IH had guaranteed.
Chief Executive Officer, Kakenenwa Muyangw,a expressed optimism about the company’s future outlook, citing strong revenue streams and structural reforms.
“Mopani now has a clearer path to profitability under the new agreement. Additionally, royalty income from Kansanshi remains predictable and significant. Between April 2023 and December 31, 2024, we received close to K3.1 billion (US$126 million) in royalty payments,” he said.
Muyangwa added that these developments affirmed ZCCM-IH’s confidence in sustaining strong performance.
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