ZCCM’s earnings bolstered substantially by Mopani SEP transaction

20th June 2025 By: Tasneem Bulbulia - Deputy Editor Online

Diversified mining investments and operations company ZCCM Investments Holdings’ earnings per share (EPS) for the year ended December 31, 2024, are expected to be about 1 077% higher year-on-year.

This considerable increase in earnings is primarily attributed to the successful implementation of the Mopani strategic equity partner (SEP) transaction.

The transaction repositioned Mopani Copper Mines as a financially sustainable entity and enabled the settlement of ZK44.72-billion ($1.71-billion) in Glencore/Carlisa debt. 

As a result, the group recorded a one-off gain of ZK35.92-billion ($1.41-billion) and reclassified Mopani from a subsidiary to an associate, significantly boosting its earnings.

As a result, the group recorded a profit of ZK39.85-billion ($1.52-billion) for the reporting year, compared with a loss of ZK4.08-billion ($198.58-million) in the prior year.

The 2024 provisional audited abridged financial results for the year are expected to be released on June 20.