Telekom Networks Malawi Income Statement

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

Millions MWK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	203,740	142,007	110,484	96,354	94,818
Other Revenue	4,240	-	-	-	-
Revenue	207,980	142,007	110,484	96,354	94,818
Revenue Growth (YoY)	46.46%	28.53%	14.67%	1.62%	8.61%
Cost of Revenue	123,790	95,254	73,113	65,474	57,767
Gross Profit	84,190	46,753	37,371	30,880	37,051
Selling, General & Admin	47,450	32,267	31,567	25,531	19,917
Other Operating Expenses	-14,930	-13,620	-7,659	-4,964	-4,368
Operating Expenses	32,990	19,577	24,500	23,018	16,898
Operating Income	51,200	27,176	12,871	7,862	20,153
Interest Expense	-18,160	-12,128	-10,999	-8,248	-5,952
Interest & Investment Income	-	2,697	306	119	572
Currency Exchange Gain (Loss)	-	-2,622	-9,709	-1,527	-1,203
Other Non Operating Income (Expenses)	460	-	-	-	-
EBT Excluding Unusual Items	33,500	15,123	-7,531	-1,794	13,570
Gain (Loss) on Sale of Assets	-	256	-	-	-49
Pretax Income	33,500	15,379	-7,531	-1,794	13,521
Income Tax Expense	12,230	5,326	-2,599	-31	3,830
Net Income	21,270	10,053	-4,932	-1,763	9,691
Net Income to Common	21,270	10,053	-4,932	-1,763	9,691
Net Income Growth	111.58%	-	-	-	25.39%
Shares Outstanding (Basic)	11,040	10,040	10,040	10,040	10,040
Shares Outstanding (Diluted)	11,040	10,040	10,040	10,040	10,040
Shares Change (YoY)	9.96%	-	-	-	-0.00%
EPS (Basic)	1.93	1.00	-0.49	-0.18	0.97
EPS (Diluted)	1.93	1.00	-0.49	-0.18	0.97
EPS Growth	92.41%	-	-	-	25.40%
Free Cash Flow	37,550	34,597	17,661	11,610	-5,208
Free Cash Flow Per Share	3.40	3.45	1.76	1.16	-0.52
Dividend Per Share	-	-	-	-	0.430
Dividend Growth	-	-	-	-	7.50%
Gross Margin	40.48%	32.92%	33.83%	32.05%	39.08%
Operating Margin	24.62%	19.14%	11.65%	8.16%	21.25%
Profit Margin	10.23%	7.08%	-4.46%	-1.83%	10.22%
Free Cash Flow Margin	18.05%	24.36%	15.98%	12.05%	-5.49%
EBITDA	64,009	39,985	26,656	22,364	31,462
EBITDA Margin	30.78%	28.16%	24.13%	23.21%	33.18%
D&A For EBITDA	12,809	12,809	13,785	14,502	11,309
EBIT	51,200	27,176	12,871	7,862	20,153
EBIT Margin	24.62%	19.14%	11.65%	8.16%	21.25%
Effective Tax Rate	36.51%	34.63%	-	-	28.33%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.