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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

ICON Properties

ICON · Malawi Stock Exchange · Company statements

On this page
Company details
Legal name
ICON Properties Plc
Listing
ICON on the Malawi Stock Exchange, active · ISIN MWICON001146 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · published summary of audited statements, signed / final · source

Read with these figures

  • Summary financial statements. FY2025 figures come from a published summary of the audited statements, not the full statements.
Full wording and sources

  • 2025: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. "The summary financial statements have been derived from the annual financial statements which were approved by the Board of Directors on 31 March 2026 and are available on the company's website, www.iconproperties.mw." (p1) Report of the Independent Auditor on the Summary Financial Statements (ISA 810 (Revised)): 'In our opinion, the accompanying summary financial statements are a fair summary of the audited financial statements of ICON Properties Plc and on the basis described in the basis of preparation paragraph.' The report also states: 'We expressed an unmodified audit opinion on the audited financial statements in our report dated 27 April 2026.' Signed Deloitte, Christopher Kapenda, Partner, 27 April 2026 (p1). Summary statement of profit or loss (condensed lines; no other comprehensive income or total comprehensive income line printed), summary statement of financial position, summary statement of changes in equity (not transcribed) and summary statement of cash flows (operating, investing and financing totals only; no line detail). No notes. Company figures only (p1).

    Source: ICON Properties Plc Summary Audited Financial Statements for the year ended 31 December 2025 (dated 2026-04-27)

  • Revenue

    MWK 8.41 billion

    8,408,263 MWK thousands · p1

    Change not shown.

  • Operating profit / (loss)

    Not reported in this filing

  • Profit / (loss) for the year

    MWK 32.6 billion

    32,644,447 MWK thousands · p1

    Change not shown.

  • Total assets

    MWK 176 billion

    176,076,847 MWK thousands · p1

    Change not shown.

  • Total equity

    MWK 174 billion

    174,069,212 MWK thousands · p1

    Change not shown.

  • Cash from operations

    MWK 1.01 billion

    1,007,929 MWK thousands · p1

    Change not shown.

Large amounts are rounded for reading (MWK million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Not shown: the two years come from different filings.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in MWK thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — published summary of audited statements (summary), signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; reported for the year · source
  • FY2023 — annual report, signed / final; comparative in the FY2024 filing · source
  • FY2022 — annual report, signed / final; comparative in the FY2023 filing · source

Income statement

Income statement, MWK thousands. Columns: FY2025 — published summary of audited statements (signed / final), as reported for the year; FY2024 — annual report (signed / final), as reported for the year; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024; FY2022 — annual report (signed / final), comparative reported in the annual report for 2023.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Annual reportreported for the yearFY2023Annual reportcomparative in FY2024 filingFY2022Annual reportcomparative in FY2023 filing
Revenue1 8,408,263 7,084,3802 5,947,415 5,167,640
Fair value adjustment - investment properties3 25,421,996 Not reported in this filing54 Not reported in this filing5 Not reported in this filing6
Fair value adjustment - investment in shares 335,030 Not reported in this filing87 Not reported in this filing8 Not reported in this filing9
Dividend income1011 3,589 2,118 2,507 1,288
Other income 997,275 1,208,461 717,803 425,970
Total income12 35,166,153 29,413,660 18,558,668 19,916,917
Expenses (6,405,789) Not reported in this filing1413 Not reported in this filing14 Not reported in this filing15
Profit before share of associate loss, finance income and tax16 28,760,364 Not reported in this filing1817 Not reported in this filing18 Not reported in this filing19
Gain on deemed disposal of associate20 2,975,934 Not reported in this filing2221 Not reported in this filing22 Not reported in this filing23
Share of associate loss (68,269) (219,027) –24 Not reported in this filing25
Finance income 2,076,997 2,905,552 2,365,552 2,837,259
Profit before tax 33,745,026 26,609,583 16,987,779 19,564,988
Income tax expense26 (1,100,579) (2,185,091) 2,171,571 (2,858,880)
Profit for the year 32,644,447 24,424,492 19,159,350 16,706,108
IFRS 16 lease smoothing rental revenue27 Not reported in this filing28 (32,431) 21,175 –29
Deferred revenue – rental income3031 Not reported in this filing28 17,955 19,798 23,620
Total rental and deferred income on rentals32 Not reported in this filing33 7,069,904 5,988,388 5,191,260
Fair value adjustment - investment properties34 Not reported in this filing35 19,812,465 11,835,422 14,286,836
Fair value adjustment - investment in shares36 Not reported in this filing37 1,320,712 14,548 11,563
Administrative expenses Not reported in this filing38 (2,665,267) (2,140,688) (1,603,989)
Operating expenses39 Not reported in this filing38 (2,651,598) (1,637,036) (1,469,573)
Expected credit losses Not reported in this filing38 (173,737) (158,717) (115,626)
Total expenses40 Not reported in this filing41 (5,490,602) (3,936,441) (3,189,188)
Profit before share of associate loss, finance income and tax4243 Not reported in this filing44 23,923,058 14,622,227 16,727,729
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.native.co_zxneemny0f77.total_rental_income.
Notes and alternative reported figures (42)
  1. “Revenue”: mapping to a shared definition is uncertain. Printed 'Revenue' (gross rental income, note 4b); lease smoothing and deferred rental income are printed separately below it.
  2. Published summary of audited statements dated 2026-04-27 prints 7,069,904 (thousands, p1) for this line and year.
  3. “Fair value adjustment - investment properties” is an issuer-specific line, not mapped to a shared definition: Fair value gain on investment properties, printed within total income.
  4. Published summary of audited statements dated 2026-04-27 presents this line for this year: 19,812,465 (p1). Not shown in this column, which follows one filing's presentation.
  5. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Fair value adjustment - investment properties' (19 812 465 for 2024; 11 835 422 for 2023, p48), shown in the row 'Fair value adjustment - investment properties'. (company concept native.co_zxneemny0f77.fv_investment_properties)
  6. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Fair value adjustment - investment properties' (14 286 836 for 2022, p39), shown in the row 'Fair value adjustment - investment properties'. (company concept native.co_zxneemny0f77.fv_investment_properties)
  7. Published summary of audited statements dated 2026-04-27 presents this line for this year: 1,320,712 (p1). Not shown in this column, which follows one filing's presentation.
  8. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Fair value adjustment - investment in shares' (1 320 712 for 2024; 14 548 for 2023, p48), shown in the row 'Fair value adjustment - investment in shares'.
  9. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Fair value adjustment - investment in shares' (11 563 for 2022, p39), shown in the row 'Fair value adjustment - investment in shares'.
  10. “Dividend income” is an issuer-specific line, not mapped to a shared definition: From the equity investment in Plantation House Limited (footnote).
  11. Printed under different labels across filings: “Dividend income”; “Dividend income*”.
  12. “Total income” is an issuer-specific line, not mapped to a shared definition: Subtotal of rental income, fair value adjustments, dividend income and other income.
  13. Published summary of audited statements dated 2026-04-27 presents this line for this year: (5,490,602) (p1). Not shown in this column, which follows one filing's presentation.
  14. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Total expenses' ((5 490 602) for 2024; (3 936 441) for 2023, p48), shown in the row 'Total expenses'.
  15. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Total expenses' ((3 189 188) for 2022, p39), shown in the row 'Total expenses'.
  16. “Profit before share of associate loss, finance income and tax” is an issuer-specific line, not mapped to a shared definition: Total income less expenses.
  17. Published summary of audited statements dated 2026-04-27 presents this line for this year: 23,923,058 (p1). Not shown in this column, which follows one filing's presentation.
  18. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Profit before share of associate loss, finance income and tax' (23 923 058 for 2024; 14 622 227 for 2023, p48), shown in the row 'Operating profit / (loss)'.
  19. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Operating income before interest and tax' (16 727 729 for 2022, p39), shown in the row 'Operating profit / (loss)'.
  20. “Gain on deemed disposal of associate” is an issuer-specific line, not mapped to a shared definition: Dilution of the holding in Oasis Hospitality Limited.
  21. Published summary of audited statements dated 2026-04-27 presents this line for this year: - (p1). Not shown in this column, which follows one filing's presentation.
  22. Not reported in this filing: Not reported: the statement of profit or loss and other comprehensive income (p48, checked on the page image) has no gain on deemed disposal of associate line in either column.
  23. Not reported in this filing: Not reported: the statement of profit or loss and other comprehensive income (p39, checked on the page image) has no gain on deemed disposal of associate line.
  24. Not reported in this filing: Not reported: the statement of profit or loss and other comprehensive income (p39, checked on the page image) has no share of associate results line; 'Operating income before interest and tax' is followed directly by 'Finance income'.
  25. Printed under different labels across filings: “Income tax expense”; “Taxation (charge)/credit”; “Taxation credit/(charge)”.
  26. “IFRS 16 lease smoothing rental revenue” is an issuer-specific line, not mapped to a shared definition: Note 4b: straight-lining adjustment to rental revenue.
  27. Not reported in this filing: Not reported separately: the summary statement of profit or loss (p1, checked on the page image) prints a single 'Revenue' line (8,408,263); its 2024 comparative (7,069,904) equals the FY2024 statement's 'Total rental and deferred income on rentals', which includes this component.
  28. “Deferred revenue – rental income” is an issuer-specific line, not mapped to a shared definition: Rental income released from deferred income.
  29. Printed under different labels across filings: “Deferred revenue - rental income”; “Deferred revenue – rental income”.
  30. “Total rental and deferred income on rentals” is an issuer-specific line, not mapped to a shared definition: Subtotal of revenue lines.
  31. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Revenue' (8,408,263, p1), shown in the row 'Revenue'. Its 2024 comparative (7,069,904) equals the FY2024 'Total rental and deferred income on rentals'.
  32. “Fair value adjustment - investment properties” is an issuer-specific line, not mapped to a shared definition: Note 4a.
  33. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Fair value adjustment - investment properties' (25,421,996, p1), shown in the row 'Fair value adjustment - investment properties'. (concept native.co_zxneemny0f77.fv_adjustment_investment_properties)
  34. “Fair value adjustment - investment in shares” is an issuer-specific line, not mapped to a shared definition: Note 6.
  35. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Fair value adjustment - investment in shares' (335,030, p1), shown in the row 'Fair value gains / (losses) on investments'.
  36. Not reported in this filing: Not reported separately: the summary statement of profit or loss (p1, checked on the page image) prints a single 'Expenses' line ((6,405,789)) with no breakdown.
  37. “Operating expenses”: mapping to a shared definition is uncertain. Printed 'Operating expenses' (note 17), beside administrative expenses.
  38. “Total expenses” is an issuer-specific line, not mapped to a shared definition: Subtotal of administrative, operating and expected credit loss expenses.
  39. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Expenses' ((6,405,789), p1), shown in the row 'Operating expenses as aggregated by the issuer'.
  40. “Profit before share of associate loss, finance income and tax”: mapping to a shared definition is uncertain. Printed 'Profit before share of associate loss, finance income and tax'.
  41. Printed under different labels across filings: “Operating income before interest and tax”; “Profit before share of associate loss, finance income and tax”.
  42. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Profit before share of associate loss, finance income and tax' (28,760,364, p1), shown in the row 'Profit before share of associate loss, finance income and tax'. The statement has no line labelled operating profit; its printed subtotals are 'Total income', 'Profit before share of associate loss, finance income and tax', 'Profit before tax' and 'Profit for the year'.

Balance sheet

Balance sheet, MWK thousands. Columns: FY2025 — published summary of audited statements (signed / final), as reported for the year; FY2024 — annual report (signed / final), as reported for the year; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024; FY2022 — annual report (signed / final), comparative reported in the annual report for 2023.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Annual reportreported for the yearFY2023Annual reportcomparative in FY2024 filingFY2022Annual reportcomparative in FY2023 filing
Investment properties 142,238,565 116,211,404 96,090,160 83,984,585
Equipment12 335,014 343,402 405 3,970
IFRS 16 lease smoothing asset3 28,200 Not reported in this filing54 Not reported in this filing5 Not reported in this filing6
Investment in associate 13,688,638 8,280,973 8,500,000 Not reported in this filing7
Investment in shares8 9,282,290 8,947,260 126,548 Not reported in this filing7
Deferred tax asset 238,609 –9 321,656 –9
Total non-current assets 165,811,316 134,050,73910 117,165,423 102,642,063
IFRS 16 lease smoothing asset11 116,283 Not reported in this filing1312 Not reported in this filing13 Not reported in this filing14
Trade and other receivables 1,585,353 1,938,89415 1,815,102 2,596,673
Amounts due from related parties16 312,969 Not reported in this filing1817 Not reported in this filing18 Not reported in this filing19
Tax recoverable 880,961 59,437 282,680 –20
Cash and cash equivalents 7,369,965 9,412,757 3,299,140 3,585,362
Total current assets 10,265,531 11,411,08821 5,396,922 6,182,035
Total assets22 176,076,847 145,461,827 122,562,345 108,824,098
Share capital 58,209,424 58,209,424 58,209,424 58,209,424
Restructuring reserve23 8,012,031 8,012,031 8,012,031 8,012,031
Retained earnings 107,847,757 77,207,310 54,653,218 36,951,712
Total equity24 174,069,212 143,428,765 120,874,673 103,173,167
Deferred tax liability25 –26 36,094 –26 3,436,807
Deferred income27 318,943 Not reported in this filing2928 Not reported in this filing29 Not reported in this filing30
Total non - current liabilities31 318,943 391,24632 373,107 3,829,712
Trade and other payables 1,649,988 1,641,81633 1,314,565 1,558,459
Deferred income34 18,254 Not reported in this filing3635 Not reported in this filing36 Not reported in this filing37
Amounts due to related parties38 20,450 Not reported in this filing4039 Not reported in this filing40 Not reported in this filing41
Total current liabilities 1,688,692 1,641,81642 1,314,565 1,821,219
Total equity and liabilities43 176,076,847 145,461,827 122,562,345 108,824,098
IFRS 16 lease smoothing asset44 Not reported in this filing45 267,700 300,131 –9
Investment in treasury notes46 Not reported in this filing47 –9 11,826,523 11,741,508
Deferred income48 Not reported in this filing49 355,152 373,107 392,905
Investment in shares and associate50 Not reported in this filing51 Not reported in this filing52 Not reported in this filing5253 6,912,000
Tax payable Not reported in this filing54 Not reported in this filing55 Not reported in this filing5556 262,760
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
Notes and alternative reported figures (53)
  1. “Equipment”: mapping to a shared definition is uncertain. Printed 'Equipment' (note 4d).
  2. Printed under different labels across filings: “Equipment”; “Office equipment”.
  3. “IFRS 16 lease smoothing asset” is an issuer-specific line, not mapped to a shared definition: Straight-lining of operating lease income, non-current part.
  4. Published summary of audited statements dated 2026-04-27 presents this line for this year: 144,483 (p1). Not shown in this column, which follows one filing's presentation.
  5. Not reported in this filing: Not reported under this label in this filing: the statement of financial position (p47, checked on the page image) prints a single 'IFRS 16 lease smoothing asset' line under Non-current assets (267 700 for 2024; 300 131 for 2023) with no current/non-current split, shown in the row 'IFRS 16 lease smoothing asset'.
  6. Not reported in this filing: Not reported under this label in this filing: the statement of financial position (p38, checked on the page image) prints a single 'IFRS 16 lease smoothing asset' line under Non-current assets with no current/non-current split (2022 column prints '-'), shown in the row 'IFRS 16 lease smoothing asset'.
  7. Not reported in this filing: Not reported separately: the statement of financial position (p38, checked on the page image) prints a combined line 'Investment in shares and associate' (6 912 000 for 2022), shown in the row 'Investment in shares and associate'.
  8. “Investment in shares”: mapping to a shared definition is uncertain. Equity investments at fair value (note 6, includes Blantyre Hotels Plc).
  9. Published summary of audited statements dated 2026-04-27 prints 133,927,522 (thousands, p1) for this line and year.
  10. “IFRS 16 lease smoothing asset” is an issuer-specific line, not mapped to a shared definition: Straight-lining of operating lease income, current part.
  11. Published summary of audited statements dated 2026-04-27 presents this line for this year: 123,217 (p1). Not shown in this column, which follows one filing's presentation.
  12. Not reported in this filing: Not reported: the statement of financial position (p47, checked on the page image) has no current lease smoothing asset line; it prints a single 'IFRS 16 lease smoothing asset' line under Non-current assets (267 700 for 2024; 300 131 for 2023), shown in the row 'IFRS 16 lease smoothing asset'.
  13. Not reported in this filing: Not reported: the statement of financial position (p38, checked on the page image) has no current lease smoothing asset line; it prints a single 'IFRS 16 lease smoothing asset' line under Non-current assets (2022 column prints '-'), shown in the row 'IFRS 16 lease smoothing asset'.
  14. Published summary of audited statements dated 2026-04-27 prints 1,479,963 (thousands, p1) for this line and year.
  15. “Amounts due from related parties” is an issuer-specific line, not mapped to a shared definition: Current assets.
  16. Published summary of audited statements dated 2026-04-27 presents this line for this year: 458,931 (p1). Not shown in this column, which follows one filing's presentation.
  17. Not reported in this filing: Not reported separately: the statement of financial position (p47, checked on the page image) has no amounts due from related parties line; current assets are 'Trade and other receivables' (1 938 894 for 2024; 1 815 102 for 2023), 'Tax recoverable' and 'Cash and cash equivalents'.
  18. Not reported in this filing: Not reported: the statement of financial position (p38, checked on the page image) has no amounts due from related parties line; current assets are 'Trade and other receivables', 'Tax recoverable' and 'Cash and cash equivalents'.
  19. Published summary of audited statements dated 2026-04-27 prints 11,534,305 (thousands, p1) for this line and year.
  20. Printed under different labels across filings: “TOTAL ASSETS”; “Total assets”.
  21. “Restructuring reserve” is an issuer-specific line, not mapped to a shared definition: Note 11.
  22. Printed under different labels across filings: “Total Equity”; “Total equity”.
  23. Printed under different labels across filings: “Deferred tax”; “Deferred tax liability”.
  24. “Deferred income” is an issuer-specific line, not mapped to a shared definition: Non-current liabilities.
  25. Published summary of audited statements dated 2026-04-27 presents this line for this year: 337,197 (p1). Not shown in this column, which follows one filing's presentation.
  26. Not reported in this filing: Not reported under this label in this filing: the statement of financial position (p47, checked on the page image) prints a single 'Deferred income' line under Non-current liabilities (355 152 for 2024; 373 107 for 2023) with no current/non-current split, shown in the row 'Deferred income'.
  27. Not reported in this filing: Not reported under this label in this filing: the statement of financial position (p38, checked on the page image) prints a single 'Deferred income' line under Non-current liabilities (392 905 for 2022) with no current/non-current split, shown in the row 'Deferred income'.
  28. Printed under different labels across filings: “Total non - current liabilities”; “Total non-current liabilities”.
  29. Published summary of audited statements dated 2026-04-27 prints 373,291 (thousands, p1) for this line and year.
  30. Published summary of audited statements dated 2026-04-27 prints 1,120,099 (thousands, p1) for this line and year.
  31. “Deferred income” is an issuer-specific line, not mapped to a shared definition: Current liabilities.
  32. Published summary of audited statements dated 2026-04-27 presents this line for this year: 17,955 (p1). Not shown in this column, which follows one filing's presentation.
  33. Not reported in this filing: Not reported: the statement of financial position (p47, checked on the page image) has no current deferred income line; it prints a single 'Deferred income' line under Non-current liabilities (355 152 for 2024; 373 107 for 2023), shown in the row 'Deferred income'.
  34. Not reported in this filing: Not reported: the statement of financial position (p38, checked on the page image) has no current deferred income line; it prints a single 'Deferred income' line under Non-current liabilities (392 905 for 2022), shown in the row 'Deferred income'.
  35. “Amounts due to related parties” is an issuer-specific line, not mapped to a shared definition: Current liabilities.
  36. Published summary of audited statements dated 2026-04-27 presents this line for this year: 521,717 (p1). Not shown in this column, which follows one filing's presentation.
  37. Not reported in this filing: Not reported separately: the statement of financial position (p47, checked on the page image) has no amounts due to related parties line; the only current liability is 'Trade and other payables' (1 641 816 for 2024; 1 314 565 for 2023).
  38. Not reported in this filing: Not reported: the statement of financial position (p38, checked on the page image) has no amounts due to related parties line; current liabilities are 'Trade and other payables' and 'Tax payable'.
  39. Published summary of audited statements dated 2026-04-27 prints 1,659,771 (thousands, p1) for this line and year.
  40. Printed under different labels across filings: “TOTAL EQUITY AND LIABILITIES”; “Total equity and liabilities”.
  41. “IFRS 16 lease smoothing asset” is an issuer-specific line, not mapped to a shared definition: Note 4c.
  42. Not reported in this filing: Not reported under this label in this filing: the summary statement of financial position (p1, checked on the page image) prints 'IFRS 16 lease smoothing asset' separately under Non-current assets (28,200) and under Current assets (116,283), shown in the rows 'IFRS 16 lease smoothing asset (non-current)' and 'IFRS 16 lease smoothing asset (current)'.
  43. “Investment in treasury notes” is an issuer-specific line, not mapped to a shared definition: Note 9.2: nil at 31 December 2024.
  44. Not reported in this filing: Not reported: the summary statement of financial position (p1, checked on the page image) has no investment in treasury notes line.
  45. “Deferred income” is an issuer-specific line, not mapped to a shared definition: Note 14 (non-current).
  46. Not reported in this filing: Not reported under this label in this filing: the summary statement of financial position (p1, checked on the page image) prints 'Deferred income' separately under Non-current liabilities (318,943) and under Current liabilities (18,254), shown in the rows 'Deferred income (non-current)' and 'Deferred income (current)'.
  47. “Investment in shares and associate” is an issuer-specific line, not mapped to a shared definition: Notes 5 & 6: equity investments at fair value and the equity-accounted associate on one line (printed separately from FY2024).
  48. Not reported in this filing: Not reported under this label in this filing: the summary statement of financial position (p1, checked on the page image) prints 'Investment in associate' (13,688,638) and 'Investment in shares' (9,282,290) as separate lines, shown in the rows 'Investments in associates and joint ventures' and 'Investment securities, non-current'.
  49. Not reported in this filing: Not reported under this label in this filing: the statement of financial position (p47, checked on the page image) prints 'Investment in shares' (8 947 260 for 2024; 126 548 for 2023) and 'Investment in associate' (8 280 973 for 2024; 8 500 000 for 2023) as separate lines, shown in the rows 'Investment securities, non-current' and 'Investments in associates and joint ventures'.
  50. Annual report dated 2024-04-19 presents this line for this year: 8 626 548 (p38). Not shown in this column, which follows one filing's presentation.
  51. Not reported in this filing: Not reported: the summary statement of financial position (p1, checked on the page image) has no tax payable line; it prints 'Tax recoverable' (880,961) under current assets.
  52. Not reported in this filing: Not reported: the statement of financial position (p47, checked on the page image) has no tax payable line; the only tax lines are 'Tax recoverable' (current assets) and 'Deferred tax' (non-current liabilities).
  53. Annual report dated 2024-04-19 presents this line for this year: - (p38). Not shown in this column, which follows one filing's presentation.

Cash flow

Cash flow, MWK thousands. Columns: FY2025 — published summary of audited statements (signed / final), as reported for the year; FY2024 — annual report (signed / final), as reported for the year; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024; FY2022 — annual report (signed / final), comparative reported in the annual report for 2023.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Annual reportreported for the yearFY2023Annual reportcomparative in FY2024 filingFY2022Annual reportcomparative in FY2023 filing
Net cash generated from operating activities 1,007,929 1,423,612 1,137,688 1,000,745
Net cash (used in)/generated from investing activities1 (1,052,520) 6,557,282 312,890 (4,065,973)
Net cash used in financing activities (2,004,000) (1,870,400) (1,736,800) (1,603,200)
Net (decrease)/increase in cash and cash equivalents2 (2,048,591) 6,110,494 (286,222) (4,668,428)
Unrealised foreign exchange gains 5,799 3,123 –3 Not reported in this filing4
Balance at the beginning of the year5 9,412,757 3,299,140 3,585,362 8,253,790
Cash and cash equivalents at the end of the year6 7,369,965 9,412,757 3,299,140 3,585,362
Profit before tax7 Not reported in this filing8 26,609,583 16,987,779 19,564,988
Fair value adjustments – investment properties9 Not reported in this filing8 (19,812,465) (11,835,422) (14,286,836)
Fair value adjustments – investment in shares10 Not reported in this filing8 (1,320,712) (14,548) (11,563)
Unrealised foreign exchange gains11 Not reported in this filing8 (3,123) –12 Not reported in this filing13
Share of associate loss14 Not reported in this filing8 219,027 –12 Not reported in this filing15
IFRS 16 lease smoothing rental revenue16 Not reported in this filing8 32,431 (21,175) –12
Interest income17 Not reported in this filing8 (2,905,552) (2,365,552) (2,837,259)
Dividend received18 Not reported in this filing8 (2,118) (2,507) (1,288)
Profit on sale of office equipment19 Not reported in this filing8 (1,395) –12 Not reported in this filing20
Depreciation21 Not reported in this filing8 26,530 3,565 3,565
Cash flows before working capital changes22 Not reported in this filing8 2,842,206 2,752,140 2,426,949
(Increase)/decrease increase in trade and other receivables2324 Not reported in this filing8 (123,792) 781,571 150,364
Increase/(decrease) in trade and other payables and deferred income2526 Not reported in this filing8 309,296 (263,691) (244,878)
Cash generated from operations Not reported in this filing8 3,027,710 3,270,020 2,332,435
Income tax paid Not reported in this filing8 (1,604,098) (2,132,332) (1,331,690)
Dividend received27 Not reported in this filing8 2,118 2,507 1,288
Interest received Not reported in this filing8 2,905,552 2,280,536 2,752,244
Additions to investment properties28 Not reported in this filing8 (64,189) (82,522) (83,156)
Investment in Blantyre Hotels Plc29 Not reported in this filing8 (7,500,000) –30 Not reported in this filing31
Additions to work in progress32 Not reported in this filing8 (244,590) (187,631) (737,349)
Additions to equipment33 Not reported in this filing8 (369,527) –30 Not reported in this filing34
Proceeds from sale of office equipment Not reported in this filing8 1,395 –30 Not reported in this filing35
Treasury note redemption36 Not reported in this filing8 11,826,523 –30 Not reported in this filing37
Investment in Oasis Hospitality Limited38 Not reported in this filing8 –30 (1,700,000) (6,800,000)
Dividend paid Not reported in this filing39 (1,870,400) (1,736,800) (1,603,200)
Non-cash reorganisation adjustment40 Not reported in this filing8 Not reported in this filing41 Not reported in this filing4142 (4,658)
Purchase of land43 Not reported in this filing8 Not reported in this filing44 Not reported in this filing4442 (1,200,000)
Sale of investment property45 Not reported in this filing8 Not reported in this filing46 Not reported in this filing4642 2,001,000
  1. Printed “-”; reading unresolved, so no amount is shown. Printed dash in the 2023 column (page image), below the net decrease in cash and above cash at 1 January; no printed subtotal contains this line, so the dash is not read as nil by arithmetic.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.native.co_zxneemny0f77.cf_operating_before_working_capital.
  3. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (43)
  1. Printed under different labels across filings: “Net cash (used in)/generated from investing activities”; “Net cash generated from / (used in) investing activities”; “Net cash generated from investing activities”.
  2. Printed under different labels across filings: “Net (decrease)/increase in cash and cash equivalents”; “Net decrease in cash and cash equivalents”; “Net increase/(decrease ) in cash and cash equivalents”.
  3. Not reported in this filing: Not reported: the statement of cash flows (p41, checked on the page image) has no exchange-rate effect line; it runs from 'Net decrease in cash and cash equivalents' ((4 668 428) for 2022) and 'Cash and cash equivalents at 1 January' to the closing balance.
  4. Printed under different labels across filings: “Balance at the beginning of the year”; “Cash and cash equivalents at 1 January”.
  5. Printed under different labels across filings: “Cash and cash equivalents at 31 December”; “Cash and cash equivalents at the end of the year”.
  6. “Profit before tax” is an issuer-specific line, not mapped to a shared definition: Opening line of the operating section.
  7. Not reported in this filing: Not reported separately: The summary statement of cash flows (p1, checked on the page image) prints only 'Net cash generated from operating activities' (1,007,929), 'Net cash (used in)/generated from investing activities' ((1,052,520)), 'Net cash used in financing activities' ((2,004,000)), the net change, 'Unrealised foreign exchange gains' (5,799, the effect on cash below the net change, shown in the row 'Effect of exchange-rate changes on cash'), the opening and the closing balance. No line-item breakdown is printed.
  8. “Fair value adjustments – investment properties” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 4a.
  9. “Fair value adjustments – investment in shares” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 6.
  10. “Unrealised foreign exchange gains” is an issuer-specific line, not mapped to a shared definition: Adjustment.
  11. Not reported in this filing: Not reported: the statement of cash flows (p41, checked on the page image) has no unrealised foreign exchange gains adjustment among the non-cash movements.
  12. “Share of associate loss” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 5.
  13. Not reported in this filing: Not reported: the statement of cash flows (p41, checked on the page image) has no share of associate loss adjustment among the non-cash movements.
  14. “IFRS 16 lease smoothing rental revenue” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 4b.
  15. “Interest income” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 18.
  16. “Dividend received” is an issuer-specific line, not mapped to a shared definition: Adjustment in the operating section.
  17. “Profit on sale of office equipment” is an issuer-specific line, not mapped to a shared definition: Adjustment.
  18. Not reported in this filing: Not reported: the statement of cash flows (p41, checked on the page image) has no profit on sale of office equipment adjustment.
  19. “Depreciation” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 16.
  20. “Cash flows before working capital changes” is an issuer-specific line, not mapped to a shared definition: Subtotal.
  21. “(Increase)/decrease increase in trade and other receivables” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  22. Printed under different labels across filings: “(Increase)/decrease increase in trade and other receivables”; “Decrease in trade and other receivables”.
  23. “Increase/(decrease) in trade and other payables and deferred income” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  24. Printed under different labels across filings: “Decrease in trade payables and deferred income”; “Increase/(decrease) in trade and other payables and deferred income”.
  25. “Dividend received” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  26. “Additions to investment properties” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 4a.
  27. “Investment in Blantyre Hotels Plc” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 6.
  28. Not reported in this filing: Not reported: the statement of cash flows (p41, checked on the page image) has no 'Investment in Blantyre Hotels Plc' line in investing activities.
  29. “Additions to work in progress” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 4a.
  30. “Additions to equipment”: mapping to a shared definition is uncertain. Printed 'Additions to equipment' (note 4d).
  31. Not reported in this filing: Not reported: the statement of cash flows (p41, checked on the page image) has no additions to equipment line in investing activities.
  32. Not reported in this filing: Not reported: the statement of cash flows (p41, checked on the page image) has no proceeds from sale of equipment line in investing activities.
  33. “Treasury note redemption” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 9.2.
  34. Not reported in this filing: Not reported: the statement of cash flows (p41, checked on the page image) has no treasury note redemption line in investing activities.
  35. “Investment in Oasis Hospitality Limited” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 5.
  36. Not reported in this filing: Not reported separately: The summary statement of cash flows (p1, checked on the page image) prints only 'Net cash generated from operating activities' (1,007,929), 'Net cash (used in)/generated from investing activities' ((1,052,520)), 'Net cash used in financing activities' ((2,004,000)), the net change, 'Unrealised foreign exchange gains' (5,799, the effect on cash below the net change, shown in the row 'Effect of exchange-rate changes on cash'), the opening and the closing balance. Dividends paid are not shown as a cash-flow line (the summary statement of changes in equity prints 'Dividends paid' (2,004,000), which is not the cash-flow statement).
  37. “Non-cash reorganisation adjustment” is an issuer-specific line, not mapped to a shared definition: Adjustment; 2023 printed '-'.
  38. Not reported in this filing: Not reported: the statement of cash flows (p50, checked on the page image) has no non-cash reorganisation adjustment line in either column.
  39. Annual report dated 2024-04-19 presents this line for this year: - (p41). Not shown in this column, which follows one filing's presentation.
  40. “Purchase of land” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 4a; 2023 printed '-'.
  41. Not reported in this filing: Not reported: the statement of cash flows (p50, checked on the page image) has no purchase of land line in investing activities in either column.
  42. “Sale of investment property” is an issuer-specific line, not mapped to a shared definition: Investing activities; 2023 printed '-'.
  43. Not reported in this filing: Not reported: the statement of cash flows (p50, checked on the page image) has no sale of investment property line in investing activities in either column.

Per share and shares

Per share and shares. Columns: FY2025 — published summary of audited statements (signed / final), as reported for the year; FY2024 — annual report (signed / final), as reported for the year; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024; FY2022 — annual report (signed / final), comparative reported in the annual report for 2023.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Annual reportreported for the yearFY2023Annual reportcomparative in FY2024 filingFY2022Annual reportcomparative in FY2023 filing
Earnings / (loss) per share (per share)51 4.89 3.662 2.873 2.504
  1. Printed as 366 tambala; value converted to MWK at 100 tambala = 1 MWK.
  2. Printed as 287 tambala; value converted to MWK at 100 tambala = 1 MWK.
  3. Printed as 250 tambala; value converted to MWK at 100 tambala = 1 MWK.
Notes and alternative reported figures (2)
  1. Printed under different labels across filings: “Basic and diluted earnings per share (MK)”; “Basic and diluted earnings per share (tambala)”.
  2. Earnings / (loss) per share: printed as “Basic and diluted earnings per share (MK)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2024 Dividends paid (cash flow statement) Dividend paid (1,870,400) MWK thousands Annual report, p50
31 Dec 2023 Dividends paid (cash flow statement) Dividend paid (1,736,800) MWK thousands Annual report, p50
31 Dec 2022 Dividends paid (cash flow statement) Dividend paid (1,603,200) MWK thousands Annual report, p41

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • ICON Properties Plc Summary Audited Financial Statements for the year ended 31 December 2025

    Year ended 31 December 2025 · Published summary of audited statements (summary) · signed / final

    Audit: Deloitte (Chartered Accountants), unmodified opinion · signed

    Auditor's sign-off: Christopher Kapenda, Partner, for Deloitte

    Final status: ISA 810 (Revised) report of the independent auditor on the summary financial statements, signed 'Deloitte.' (Chartered Accountants; Christopher Kapenda, Partner) and dated 27 April 2026 (PDF p1, page image). The summary was approved by the board on 31 March 2026 and signed by E. Chapola (Chairperson) and D. Kamkwamba (Chairperson, Finance and Audit Committee) (PDF p1, page image). Published on the issuer's website.

    Document date
    27 Apr 2026
    Auditor's report
    27 Apr 2026
    Board approval
    31 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025
    Basis
    company statements · MWK thousands (printed “K'000”)
    • The statement of profit or loss heading names 'other comprehensive income' but no OCI or total comprehensive income line is printed. No total liabilities subtotal is printed. The board approval date printed (31 March 2026) precedes the auditor's report date (27 April 2026); both recorded as printed.
    • Report of the Independent Auditor on the Summary Financial Statements (ISA 810 (Revised)): 'In our opinion, the accompanying summary financial statements are a fair summary of the audited financial statements of ICON Properties Plc and on the basis described in the basis of preparation paragraph.' The report also states: 'We expressed an unmodified audit opinion on the audited financial statements in our report dated 27 April 2026.' Signed Deloitte, Christopher Kapenda, Partner, 27 April 2026 (p1).
    • Summary statement of profit or loss (condensed lines; no other comprehensive income or total comprehensive income line printed), summary statement of financial position, summary statement of changes in equity (not transcribed) and summary statement of cash flows (operating, investing and financing totals only; no line detail). No notes. Company figures only (p1).
    Technical details
    File
    1 pages, with a text layer
    SHA-256
    b7d8d870052f2db09fc37d22e60915714fcef8a7df42f0770420b024132bf34a
    Entity as printed
    ICON PROPERTIES PLC
    Issuer copy
    retrieved 2026-10-08T19:52:29Z

  • ICON Properties Plc 2024 Integrated Annual Report

    Year ended 31 December 2024 · Annual report · signed / final

    Audit: Deloitte (Malawi), unmodified opinion · signed

    Auditor's sign-off: Chartered Accountants (handwritten 'Deloitte'); Christopher Kapenda, Partner

    Final status: Independent auditor's report to the shareholders of ICON Properties Plc (PDF pp42-46), unmodified opinion; closed by a handwritten 'Deloitte' signature over 'Chartered Accountants, Christopher Kapenda, Partner, 25 April 2025' (PDF p46, page image; the firm is named Deloitte in the directors' report, PDF p40). The statements were approved by the Board on 23 April 2025 and signed by the Chairperson, Mr. Eric Chapola, and a Director, Mr. Dasford Kamkwamba, with handwritten signatures (PDF p47, page image).

    Document date
    25 Apr 2025
    Published
    1 Jul 2025
    Auditor's report
    25 Apr 2025
    Board approval
    23 Apr 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2024, FY2023
    Basis
    company statements · MWK thousands (printed “K'000”)
    • In the statement of cash flows the unrealised foreign exchange gains (3 123; 2023: dash) are deducted in the operating section and added back below the net increase in cash, before cash at 1 January.
    • No total liabilities line is printed on the statement of financial position (p47); recorded as not reported.
    • The statement of profit or loss and other comprehensive income states 'There were no items of other comprehensive income during the year (2023: nil)' and prints no other comprehensive income or total comprehensive income line (p48).
    • 2024 Integrated Annual Report: strategy, governance and directors' reports (PDF pp1-41), then the auditor's report and the audited financial statements (PDF pp42-99).
    Technical details
    File
    100 pages, with a text layer
    SHA-256
    7739d4b6d71d9bb22f867fb7bcba9b0c8660ed117e201bed44f985fdbf1296a7
    Entity as printed
    ICON Properties Plc (the Company)
    Exchange copy
    retrieved 2026-10-08T18:06:58Z

  • ICON Properties Plc Annual Report 2023

    Year ended 31 December 2023 · Annual report · signed / final

    Audit: Deloitte (Malawi), unmodified opinion · signed

    Auditor's sign-off: Chartered Accountants (handwritten 'Deloitte'); Nkondola Uka, Partner

    Final status: Independent auditor's report to the shareholders of ICON Properties Plc (PDF pp33-37), unmodified opinion with key audit matters; closed by a handwritten 'Deloitte' signature over 'Chartered Accountants, Nkondola Uka, Partner, 19 April 2024' (PDF p37, page image; Deloitte letterhead p33). The statements were approved by the Board on 25th March 2024 and signed by the Chairperson, Mr. Eric Chapola, and a Director, Mr. Dasford Kamkwamba, with handwritten signatures (PDF p38, page image).

    Document date
    19 Apr 2024
    Auditor's report
    19 Apr 2024
    Board approval
    25 Mar 2024
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2022
    Basis
    company statements · MWK thousands (printed “K'000”)
    • IFRS 16 lease smoothing was first applied in 2023; the statements say 'The prior year balances have not been restated to conform to this classification and the resulting change in presentation' (p40, p75); the 2022 lease smoothing cells print '-'.
    • Investments in shares (note 6) and in the associate Oasis Hospitality Limited (note 5) are printed on one line 'Investment in shares and associate' (8 626 548; 2022: 6 912 000, p38); FY2024 prints them separately.
    • No total liabilities line is printed on the statement of financial position (p38); recorded as not reported.
    • The board approval date printed (25th March 2024, p38) precedes the auditor's report date (19 April 2024, p37); both recorded as printed.
    • The statement headed 'Statement of profit or loss and other comprehensive income' prints no other comprehensive income or total comprehensive income line; it ends at profit for the year and EPS (p39).
    • Annual Report 2023: strategy, governance and directors' reports, then the auditor's report (PDF pp33-37) and the audited financial statements (PDF pp38-93).
    Technical details
    File
    96 pages, with a text layer
    SHA-256
    794c387c8f4dfe3ca044009843efe5635451e2ba763992efc6a7db746006d3f6
    Entity as printed
    ICON Properties Plc (the Company)
    Issuer copy
    retrieved 2026-10-08T19:52:34Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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