TNM posts 53 percent profit jump, declares K5.19 billion dividend
TNM plc has reported a 53 percent jump in profit after-tax for the six months ended June 30 2026, driven by strong growth in voice, data and mobile money services while declaring a first interim dividend of K5.19 billion.
Profit after-tax increased to K12.22 billion from K7.97 billion in the first half of 2025, aided by improved operating performance and lower financing costs, the group’s financial results show.
The Malawi Stock Exchange-listed group’s unaudited interim financial results show revenue and other income increased by 32 percent to K128.52 billion from K97.44 billion in the corresponding period last year.
During the period under review, growth was recorded across all major revenue streams, with voice revenue increasing 23 percent to K30.11 billion from K24.46 billion, supported by a 12 percent rise in subscribers, according to the results.
Mobile money revenue grew 45 percent to K30 billion from K20.64 billion as transaction values increased by 36 percent, while data revenue climbed 41 percent to K48 billion from K34.14 billion on the back of a 45 percent increase in data traffic.
In a joint statement accompanying the results, TNM plc chief executive officer Michel Hebert, board chairperson Ted Sauti Phiri and board audit committee chairperson Frank Dalitso Chozenga said the group’s performance demonstrated the resilience of its business model and the success of continued investments in network quality, digital services and operational efficiency.
Reads the statement in part: “The board is pleased with the group’s strong performance during the first half of 2026, which reflects sustained growth across our core business segments and the effectiveness of our strategic initiatives.”
TNM board has declared a first interim dividend of K5.19 billion, equivalent to 45 tambala per share, for the financial year ending December 31, 2026.
The dividend will be paid on October 16 to shareholders registered at the close of business on October 2.
