TNM holds AGM, announces 112% profit growth

TNM plc has reported revenues of K222.9 billion and net profit after-tax of K21.27 billion for the year ended December 31 2025, representing growth of 41 percent and 112 percent, respectively. During its 31st Annual General Meeting in Lilongwe on Friday, TNM plc declared total dividends of K7.96 billion, including a final payout of K0.23 per share. TNM plc board chairperson Ted Sauti-Phiri described 2025 as a year of “transformative growth”, that underscored TNM’s “solid and scalable foundations”.

“From 2024, we were unable to share dividends, but this year the K7.96 billion declared is a good gesture to shareholders,” he said. “Across both telecommunications and mobile money, TNM regained significant market share and moved within striking distance of market leadership,” he said in the annual report. Minority Shareholders Association of Listed Companies secretary general Frank Harawa commended TNM’s performance and dividend payout.

He said the acquisition of OCL will reduce rental costs and create new revenue streams. Harawa urged the company to manage expenditures and foreign debt to sustain growth.