Madison Financial Services Plc (LUSE:MAFS)

LUSE:MAFS Revenue

Madison Financial Services had revenue of 640.43M ZMW in the half year ending June 30, 2026, with 274.84% growth. In the year 2018, Madison Financial Services had annual revenue of 602.03M with 16.02% growth. That makes Madison Financial Services the 31,385th largest company in the world by revenue and 15th in Zambia.

• Revenue: 602.03M
• Revenue Growth: +16.02%
• P/S Ratio: n/a
• Revenue / Employee: n/a
• Employees: 457
• Market Cap: 90.50M

Revenue Chart

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Revenue by Segment

By Segment

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• Life Insurance 131.72M 36.9%
• Non-Life Insurance 106.82M 30.0%
• Micro Finance 100.17M 28.1%
• Non Reportable Segment 17.80M 5.0%

By Geography

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• Zambia 723.77M 96.5%
• Tanzania 26.44M 3.5%

Fiscal year ended Dec 31, 2018

Revenue History

Fiscal Year End	Revenue	Change	Growth
Dec 31, 2018	602.03M	83.14M	16.02%
Dec 31, 2017	518.89M	-27.33M	-5.00%
Dec 31, 2016	546.23M	78.07M	16.68%
Dec 31, 2015	468.15M	69.41M	17.41%
Dec 31, 2014	398.74M	69.60M	21.15%

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Revenue data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Oct 29, 2026

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