Telekom Networks Malawi Income Statement

Financials in millions MWK. Fiscal year is January - December.

Millions MWK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	167,907	142,007	110,484	96,354	94,818	87,304
Revenue Growth (YoY)	38.70%	28.53%	14.67%	1.62%	8.61%	-6.40%
Cost of Revenue	107,654	95,254	73,113	65,474	57,767	52,516
Gross Profit	60,253	46,753	37,371	30,880	37,051	34,788
Selling, General & Admin	39,057	32,267	31,567	25,531	19,917	20,970
Other Operating Expenses	-15,390	-13,620	-7,659	-4,964	-4,368	-3,616
Operating Expenses	24,497	19,577	24,500	23,018	16,898	17,566
Operating Income	35,756	27,176	12,871	7,862	20,153	17,222
Interest Expense	-13,848	-12,128	-10,999	-8,248	-5,952	-4,186
Interest & Investment Income	3,797	2,697	306	119	572	390.22
Currency Exchange Gain (Loss)	-2,622	-2,622	-9,709	-1,527	-1,203	-467.24
EBT Excluding Unusual Items	23,083	15,123	-7,531	-1,794	13,570	12,958
Gain (Loss) on Sale of Assets	256	256	-	-	-49	-21.63
Pretax Income	23,339	15,379	-7,531	-1,794	13,521	12,937
Income Tax Expense	7,576	5,326	-2,599	-31	3,830	5,208
Net Income	15,763	10,053	-4,932	-1,763	9,691	7,729
Net Income to Common	15,763	10,053	-4,932	-1,763	9,691	7,729
Net Income Growth	-	-	-	-	25.39%	-41.34%
Shares Outstanding (Basic)	10,790	10,040	10,040	10,040	10,040	10,040
Shares Outstanding (Diluted)	10,790	10,040	10,040	10,040	10,040	10,040
Shares Change (YoY)	7.47%	-	-	-	-0.00%	-
EPS (Basic)	1.46	1.00	-0.49	-0.18	0.97	0.77
EPS (Diluted)	1.46	1.00	-0.49	-0.18	0.97	0.77
EPS Growth	-	-	-	-	25.40%	-41.24%
Free Cash Flow	67,227	34,597	17,661	11,610	-5,208	12,848
Free Cash Flow Per Share	6.23	3.45	1.76	1.16	-0.52	1.28
Dividend Per Share	0.200	-	-	-	0.430	0.400
Dividend Growth	-	-	-	-	7.50%	-46.67%
Gross Margin	35.88%	32.92%	33.83%	32.05%	39.08%	39.85%
Operating Margin	21.30%	19.14%	11.65%	8.16%	21.25%	19.73%
Profit Margin	9.39%	7.08%	-4.46%	-1.83%	10.22%	8.85%
Free Cash Flow Margin	40.04%	24.36%	15.98%	12.05%	-5.49%	14.72%
EBITDA	47,605	39,985	26,656	22,364	31,462	27,226
EBITDA Margin	28.35%	28.16%	24.13%	23.21%	33.18%	31.19%
D&A For EBITDA	11,849	12,809	13,785	14,502	11,309	10,004
EBIT	35,756	27,176	12,871	7,862	20,153	17,222
EBIT Margin	21.30%	19.14%	11.65%	8.16%	21.25%	19.73%
Effective Tax Rate	32.46%	34.63%	-	-	28.33%	40.26%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.