In accordance with Section 3.4(b) of the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) hereby advises shareholders that the Earnings Per Share (“EPS”) for the half-year period ended 30 June 2026 is expected to be approximately 89% higher than that reported for the corresponding period ended 30 June 2025.
Infrastructure works supporting the development of the Kikonge Gold Mine Project in Mufumbwe District, North-Western Province, are 80 per cent complete, with ZCCM Investments Holdings Plc (ZCCM-IH) having injected US$2 million towards the development of the project.
The investment was highlighted during a stakeholder engagement meeting held on 14 September 2026, which was jointly hosted by ZCCM-IH and the Ministry of Mines and Minerals Development with mining cooperatives and other stakeholders in Mufumbwe District. The meeting focused on developments at the Kikonge Mining Project, the formalisation of gold mining activities and opportunities for local participation in the sector.
ZCCM-IH Chief Executive Officer, Mr Kakenenwa Muyangwa, said the investment was being directed towards key infrastructure, equipment and amenities to support mining and processing activities at Kikonge. Mr Muyangwa disclosed that construction of the main access road to the Kikonge Mine was approximately 80 per cent complete, while construction of a dam was underway. He added that ZCCM-IH was also supporting the project with mineral processing equipment to enhance mining and gold processing activities.
“The investment in Kikonge is part of ZCCM-IH’s commitment to supporting the formalisation and sustainable development of artisanal and small-scale mining in Zambia, while creating an enabling environment for increased local participation in the gold value chain,” Mr Muyangwa said.
Speaking at the same engagement, Ministry of Mines and Minerals Development Permanent Secretary, Dr Hapenga Kabeta, said illegal gold mining activities at Kikonge had been stopped following the deployment of military personnel. Dr Kabeta said Government had historically not benefited adequately from the country’s gold resources, with significant quantities of the mineral being traded through illegal markets.
He said Government, through ZCCM-IH, was putting systems in place to ensure that gold produced at Kikonge and elsewhere in the country was formally purchased and traded. “This will help improve accountability in gold production and trading while ensuring that more value from the country’s gold resources is retained within the formal economy,” Dr Kabeta said.
The Permanent Secretary further emphasised the importance of bringing artisanal and small-scale gold mining activities into the formal economy, noting that this would create greater opportunities for Government, mining cooperatives and local communities to benefit from the country’s mineral resources.
At the 22nd Annual General Meeting of Members of ZCCM Investments Holdings Plc held on 11 September 2026 at the ZCCM-IH Office Park, Alick Nkhata Road, Mass Media, Lusaka, Zambia, the Shareholders approved a final dividend of ZMW 1.13 per share for the financial year ended 31 December 2025.
Publication date: 10 September 2026
On Friday, 11 September 2026, ZCCM Investments Holdings Plc (ZCCM-IH) held its 22nd Annual General Meeting (AGM) at the ZCCM-IH Office Park Conference Hall in Lusaka, with shareholders also participating virtually. The meeting provided an opportunity to review the Company’s performance, approve key resolutions and discuss its future growth.
A key highlight was shareholders’ approval of a final dividend of ZMW 1.13 per share for the year ended 31 December 2025, representing a total payout of approximately ZMW 183 million (US$10 million) and marking ZCCM-IH’s 11th consecutive annual dividend since 2015.
The AGM also highlighted growth in shareholder value. During 2025, the Company’s share price on the Lusaka Securities Exchange increased from ZMW 65.00 to ZMW 166.00, while market capitalisation surpassed US$1 billion, making ZCCM-IH the third-largest company on the exchange. Net Asset Value per share stood at ZMW 267.44, representing an increase of more than 235% since 2021.
Shareholders also adopted the 2025 Annual Report and audited financial statements, confirmed Board appointments, approved the process for appointing external auditors for 2026–2028, and approved the proposed adjustment to Directors’ fees.
In November 2026, ZCCM-IH will launch its new ten-year strategy at the Shareholder Open Day, setting the long-term direction for the portfolio and strengthening the Company’s focus on royalty and dividend income streams and long-term shareholder value.
ZCCM Investments Holdings Plc (“ZCCM-IH” or the “Company”) refers shareholders to its Cautionary Announcement dated 10 July 2026 and the subsequent cautionary announcement issued on 28 August 2026 and advises that it is progressing with a proposed Listing Optimisation Project involving its listings on the Lusaka Securities Exchange (“LuSE”), Euronext Access Paris and the London Stock Exchange (“LSE”).
Publication date: 20 August 2026
ZCCM Investments Holdings Plc (ZCCM-IH) recorded a 40% rise in investment income to ZMW3.4 billion in 2025, supported by increased royalty earnings from Kansanshi following the S3 expansion and dividend income from Maamba Energy and CEC. The value of its investment portfolio also increased to US$1.91 billion, reflecting stronger performance across key assets, particularly CEC and Mopani. However, the company reported a ZMW4.92 billion Group loss, mainly because the exceptional gain from the 2024 Mopani transaction was not repeated, alongside the impact of valuation changes, finance costs, foreign exchange movements and the Trafigura arbitration provision. And ZCCM-IH Chief Executive Officer Kakenenwa Muyangwa said 2025 was a year of execution and delivery, with the company focused on converting strategic investments into sustainable cash returns.
In compliance with the requirements of the Securities Act No. 41 of 2016, ZCCM Investments Holdings
PLC (“ZCCM-IH PLC” or “the Company”) announces the provisional financial statements results of the
Company and its subsidiaries (Collectively referred to as ‘‘the Group’’) for the year ended 31 December
2025.
The Integrated Annual Report for the year ended 31 December 2025 provides a holistic view of ZCCM Investments Holdings Plc (“the Company or ZCCM-IH”) and its subsidiaries (“the Group”) business model, how the Company is managed and how it manages its investment portfolio.
NOTICE IS HEREBY GIVEN that the Twenty-Second Annual General Meeting (AGM) of the members of ZCCM Investments Holdings Plc (“ZCCM-IH”) will be held as a hybrid meeting, both physically and virtually, on Friday, 11th September 2026, at 10:00 hours.
In accordance with Section 3.4(b) of the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Group”) hereby advises shareholders that the Earnings Per Share (“EPS”) for the financial year ended 31 December 2025 is expected to be approximately 112% lower than that reported for the corresponding financial year ended 31 December 2024.