TNM plc, a leading telecommunications company in Malawi, has reported a 53 percent jump in profit after-tax for the six months ended June 30, 2026. The company's profit after-tax increased to K12.22 billion from K7.97 billion in the first half of 2025. This growth was driven by strong performance in voice, data, and mobile money services. The company's financial results show improved operating performance and lower financing costs contributed to the profit increase.
The company's revenue and other income increased by 32 percent to K128.52 billion from K97.44 billion in the corresponding period last year. Growth was recorded across all major revenue streams, with voice revenue increasing 23 percent to K30.11 billion from K24.46 billion. This was supported by a 12 percent rise in subscribers. The company's mobile money and data services also experienced significant growth during the period.
Mobile money revenue grew 45 percent to K30 billion from K20.64 billion as transaction values increased by 36 percent. Data revenue climbed 41 percent to K48 billion from K34.14 billion on the back of a 45 percent increase in data traffic. The company's performance demonstrates the resilience of its business model and the success of continued investments in network quality, digital services, and operational efficiency.
In a joint statement, TNM plc's chief executive officer Michel Hebert, board chairperson Ted Sauti Phiri, and board audit committee chairperson Frank Dalitso Chozenga expressed their satisfaction with the company's strong performance during the first half of 2026. They attributed the growth to sustained growth across core business segments and the effectiveness of strategic initiatives.
The TNM board has declared a first interim dividend of K5.19 billion, equivalent to 45 tambala per share, for the financial year ending December 31, 2026. The dividend will be paid on October 16 to shareholders registered at the close of business on October 2. This move reflects the company's commitment to sharing its success with its shareholders.
The company's growth in voice, data, and mobile money services is a positive indicator of the increasing demand for telecommunications services in Malawi. TNM plc's performance also highlights the importance of investments in network quality, digital services, and operational efficiency in driving business growth.
The company's financial performance is a significant development in Malawi's telecommunications sector. TNM plc's strong performance is likely to have a positive impact on the Malawi Stock Exchange, where the company is listed. The company's future prospects will depend on its ability to sustain its growth momentum and continue to invest in its network and services.
Key points
- TNM plc reports 53% profit jump to K12.22 billion for the six months ended June 30, 2026.
- The company declares a first interim dividend of K5.19 billion for the financial year ending December 31, 2026.
- Revenue and other income increase by 32 percent to K128.52 billion from K97.44 billion in the corresponding period last year.
