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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

MPICO

MPICO · Malawi Stock Exchange · Consolidated statements

On this page
Company details
Legal name
MPICO plc
Listing
MPICO on the Malawi Stock Exchange, active · ISIN MWMPI0010116 (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 consolidated and separate financial statements have been derived from the Annual Consolidated and Separate Financial Statements which were approved by the Board of Directors on 05 March 2026 and are available at the registered office of the Company." (p1) Independent auditor's report on the summary consolidated and separate financial statements (ISA 810 (Revised)): 'In our opinion, the accompanying summary consolidated and separate financial statements are a fair summary of the audited consolidated and separate financial statements of MPICO plc, and on the basis described on the basis of preparation paragraph.' It states: 'We expressed an unmodified audit opinion on the audited consolidated and separate financial statements in our report dated 24 April 2026.' Signed Deloitte, Vilengo Beza, Partner, 28 April 2026 (p1). Summary statements of comprehensive income (no other comprehensive income line), financial position (liabilities condensed to non-current liabilities, current liabilities and bank overdraft; non-current assets other than investment properties in one 'Other assets' line), changes in equity and cash flows; Group and Company columns; no notes (p1).

    Source: MPICO PLC Audited Summary Consolidated and Separate Financial Statements for the year ended 31 December 2025 (dated 2026-04-28)

  • Revenue

    MWK 9.31 billion

    9,308,296 MWK thousands · p1

  • Operating profit / (loss)

    Not reported in this filing

  • Profit / (loss) for the year

    MWK 19.3 billion

    19,318,096 MWK thousands · p1

    Change not shown.

  • Total assets

    MWK 135 billion

    134,985,149 MWK thousands · p1

    Change not shown.

  • Total equity

    MWK 111 billion

    110,903,589 MWK thousands · p1

    Change not shown.

  • Cash from operations

    MWK 1.04 billion

    1,041,460 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; reported for the year · 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), as reported for the year; 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 reportreported for the yearFY2022Annual reportcomparative in FY2023 filing
Rental income1 9,308,296 Not reported in this filing32 Not reported in this filing4 Not reported in this filing5
Increase in fair value of investment properties6 19,625,821 Not reported in this filing87 Not reported in this filing9 Not reported in this filing10
Other income 2,257,014 511,43411 452,582 148,158
Dividend income from subsidiaries1213 –14 Not reported in this filing1615 –17 –18
Total income19 31,191,131 21,632,604 17,347,051 14,559,819
Total operating expenses and finance costs20 (8,065,092) Not reported in this filing2221 Not reported in this filing23 Not reported in this filing24
Profit before taxation25 23,126,039 14,890,314 10,938,139 9,005,259
Taxation26 (3,807,943) (2,705,696) (3,871,376) (867,783)
Profit for the year27 19,318,096 12,184,618 7,066,763 8,137,476
Amount attributable to non-controlling interests2829 5,737,677 3,644,453 1,597,951 2,411,032
Rental income30 Not reported in this filing31 8,061,131 6,882,542 6,841,041
Interest income on rental arrears32 Not reported in this filing33 989,703 1,079,806 879,720
Total rental and interest income on rental arrears3435 Not reported in this filing36 9,050,834 7,962,348 7,720,761
Increase in fair value of investment properties37 Not reported in this filing38 12,070,336 8,932,121 6,690,900
Credit impairment charges39 Not reported in this filing40 39,703 (166,055) (271,521)
Property and administrative expenses4142 Not reported in this filing40 (6,133,709) (5,380,143) (4,583,257)
Total operating expenses43 Not reported in this filing40 (6,094,006) (5,546,198)44 (4,854,778)
Interest on bank deposits and staff loans4546 Not reported in this filing40 193,861 17,758 21,127
Finance cost on borrowings47 Not reported in this filing40 (842,145) (880,472) (720,909)
Net finance cost48 Not reported in this filing40 (648,284) (862,714) (699,782)
  1. Printed “-”, read as nil: subtotal_arithmetic: is.native.co_5d041a40v9wx.total_income.
  2. Printed “-”; reading unresolved, so no amount is shown. Printed dash, read on the page image (p33); recorded as printed and not interpreted as nil. Group 2023 column; the company columns print 400 000 (2023) and 1 716 000 (2022).
  3. Printed “-”; reading unresolved, so no amount is shown. Printed dash, read on the page image (p33); recorded as printed and not interpreted as nil. Group 2022 column; the company columns print 400 000 (2023) and 1 716 000 (2022).
Notes and alternative reported figures (45)
  1. “Rental income”: mapping to a shared definition is uncertain. Rental income is the only revenue line printed; the commentary calls rental income plus fair value gains 'revenue'.
  2. Published summary of audited statements dated 2026-04-28 presents this line for this year: 8,061,131 (p1). Not shown in this column, which follows one filing's presentation.
  3. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Rental income' (8 061 131 for 2024, p45), shown in the row 'Rental income (native.co_5d041a40v9wx.rental_income)'. (The FY2025 summary prints the same line, 'Rental income' 8,061,131 for 2024, in the revenue row.)
  4. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Rental income' (6 882 542 for 2023, p33), shown in the row 'Rental income (native.co_5d041a40v9wx.rental_income)'. (The FY2025 summary prints the same line, 'Rental income', in the revenue row.)
  5. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Rental income' (6 841 041 for 2022, p33), shown in the row 'Rental income (native.co_5d041a40v9wx.rental_income)'. (The FY2025 summary prints the same line, 'Rental income', in the revenue row.)
  6. “Increase in fair value of investment properties” is an issuer-specific line, not mapped to a shared definition: Printed within total income.
  7. Published summary of audited statements dated 2026-04-28 presents this line for this year: 12,070,336 (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 'Increase in fair value of investment properties' (12 070 336 for 2024, p45), shown in the row 'Increase in fair value of investment properties (native.co_5d041a40v9wx.fv_investment_properties)'.
  9. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Increase in fair value of investment properties' (8 932 121 for 2023, p33), shown in the row 'Increase in fair value of investment properties (native.co_5d041a40v9wx.fv_investment_properties)'.
  10. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Increase in fair value of investment properties' (6 690 900 for 2022, p33), shown in the row 'Increase in fair value of investment properties (native.co_5d041a40v9wx.fv_investment_properties)'.
  11. Published summary of audited statements dated 2026-04-28 prints 1,501,137 (thousands, p1) for this line and year.
  12. “Dividend income from subsidiaries” is an issuer-specific line, not mapped to a shared definition: Dash in the Group columns (eliminated on consolidation).
  13. Printed under different labels across filings: “Dividend income from subsidiaries”; “Dividends income from subsidiaries”.
  14. Published summary of audited statements dated 2026-04-28 presents this line for this year: - (p1). Not shown in this column, which follows one filing's presentation.
  15. Not reported in this filing: Not reported: the consolidated statement of profit or loss and other comprehensive income (p45, checked on the page image) (Group only) has no dividend income from subsidiaries line.
  16. “Total income” is an issuer-specific line, not mapped to a shared definition: Subtotal of rental and interest income, fair value increase and other income.
  17. “Total operating expenses and finance costs” is an issuer-specific line, not mapped to a shared definition: Operating expenses and finance costs printed as one line.
  18. Published summary of audited statements dated 2026-04-28 presents this line for this year: (6,742,290) (p1). Not shown in this column, which follows one filing's presentation.
  19. Not reported in this filing: Not reported: the consolidated statement of profit or loss and other comprehensive income (p45, checked on the page image) has no combined line; it prints 'Total operating expenses' ((6 094 006)) and 'Net finance cost' ((648 284)) separately, each shown in its own row.
  20. Not reported in this filing: Not reported: the Group statement of comprehensive income (p33, checked on the page image) has no combined line; it prints 'Total operating expenses' ((5 546 198) for 2023) and 'Net finance cost' ((862 714) for 2023) separately, each shown in its own row.
  21. Not reported in this filing: Not reported: the Group statement of comprehensive income (p33, checked on the page image) has no combined line; it prints 'Total operating expenses' ((4 854 778) for 2022) and 'Net finance cost' ((699 782) for 2022) separately, each shown in its own row.
  22. Printed under different labels across filings: “PROFIT BEFORE TAXATION”; “Profit before tax”; “Profit before taxation”.
  23. Printed under different labels across filings: “Income tax expense”; “Taxation”.
  24. Printed under different labels across filings: “PROFIT FOR THE YEAR”; “Profit after tax for the financial year”; “Profit for the year”.
  25. “Amount attributable to non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Attribution of profit after tax.
  26. Printed under different labels across filings: “Amount attributable to non-controlling interests”; “Amounts attributable to non-controlling interests”; “Non-controlling interests”.
  27. “Rental income” is an issuer-specific line, not mapped to a shared definition: Note D1.
  28. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Rental income' (9,308,296 for 2025, p1), shown in the row 'Revenue'.
  29. “Interest income on rental arrears” is an issuer-specific line, not mapped to a shared definition: Note D2.
  30. Not reported in this filing: Not reported separately: the summary statement of comprehensive income (p1, checked on the page image) has no such line; its 2024 'Other income' comparative (1,501,137) equals the FY2024 'Other income' (511 434) plus 'Interest income on rental arrears' (989 703), so the item appears to sit within 'Other income' (2,257,014 for 2025).
  31. “Total rental and interest income on rental arrears” is an issuer-specific line, not mapped to a shared definition: Subtotal.
  32. Printed under different labels across filings: “Total rental and interest income on rental arrears”; “on rental arrears”.
  33. Not reported in this filing: Not printed: the summary statement of comprehensive income (p1, checked on the page image) has no total of rental and interest income; it goes from the income lines to 'Total income' (31,191,131).
  34. “Increase in fair value of investment properties” is an issuer-specific line, not mapped to a shared definition: Note G2.
  35. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Increase in fair value of investment properties' (19,625,821 for 2025, p1), shown in the row 'Increase in fair value of investment properties (native.co_5d041a40v9wx.fv_increase_investment_properties)'.
  36. Printed under different labels across filings: “Credit impairment charges”; “Expected credit losses”.
  37. Not reported in this filing: Not reported separately: the summary statement of comprehensive income (p1, checked on the page image) prints a single combined line 'Total operating expenses and finance costs' ((8,065,092) for 2025), shown in its own row; its 2024 comparative ((6,742,290)) equals the FY2024 'Total operating expenses' ((6 094 006)) plus 'Net finance cost' ((648 284)).
  38. “Property and administrative expenses” is an issuer-specific line, not mapped to a shared definition: Note D5.
  39. Printed under different labels across filings: “Property and administration expenses”; “Property and administrative expenses”.
  40. “Total operating expenses” is an issuer-specific line, not mapped to a shared definition: Subtotal of credit impairment charges and property and administrative expenses.
  41. Annual report dated 2025-04-09 prints (6 408 912) (thousands, p45) for this line and year.
  42. “Interest on bank deposits and staff loans” is an issuer-specific line, not mapped to a shared definition: Note D2, printed under the 'Finance cost' heading.
  43. Printed under different labels across filings: “Interest income on bank deposits and staff loans”; “Interest on bank deposits and staff loans”.
  44. Printed under different labels across filings: “Finance cost on borrowings”; “Finance costs on borrowings”.
  45. “Net finance cost” is an issuer-specific line, not mapped to a shared definition: Subtotal.

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), as reported for the year; 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 reportreported for the yearFY2022Annual reportcomparative in FY2023 filing
Ordinary share capital1 114,902 114,902 114,902 114,902
Realised reserves2 7,096,473 Not reported in this filing43 Not reported in this filing5 Not reported in this filing6
Unrealised reserves7 61,678,348 Not reported in this filing98 Not reported in this filing10 Not reported in this filing11
Share premium 8,626,938 8,626,938 8,626,938 8,626,938
EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF PARENT COMPANY12 77,516,661 64,924,402 57,257,494 52,291,763
Non-controlling interests13 33,386,928 28,141,750 24,906,546 23,308,595
TOTAL EQUITY14 110,903,589 93,066,152 82,164,040 75,600,358
Non-current liabilities15 17,785,058 Not reported in this filing1716 14,217,191 11,159,741
Current liabilities18 6,020,164 Not reported in this filing1719 6,933,095 5,729,067
Bank overdraft 276,338 338,609 1,318,971 –20
TOTAL LIABILITIES21 24,081,560 19,263,70822 21,150,286 16,888,808
TOTAL EQUITY AND LIABILITIES 134,985,149 Not reported in this filing2423 103,314,326 92,489,166
Investment properties25 119,049,646 98,789,205 86,718,868 77,786,747
Other assets26 1,786,505 Not reported in this filing2827 Not reported in this filing29 Not reported in this filing29
Total non-current assets 120,836,151 Not reported in this filing1730 87,437,607 81,202,733
Trade and other receivables 12,764,817 6,489,56531 7,391,408 9,536,366
Cash and cash equivalents 1,384,181 3,650,573 326,710 379,654
Total current assets 14,148,998 Not reported in this filing1732 15,876,719 11,286,433
TOTAL ASSETS33 134,985,149 112,329,86034 103,314,326 92,489,166
Property and equipment35 Not reported in this filing36 191,509 231,518 320,382
Deferred tax assets37 Not reported in this filing36 138,523 395,146 2,989,753
Capital work in progress38 Not reported in this filing36 98,320 12,652 12,652
Secured staff loans39 Not reported in this filing36 11,740 79,423 93,199
Current tax receivable40 Not reported in this filing41 2,960,425 3,062,911 1,370,413
Promissory notes receivable4243 Not reported in this filing41 –44 5,095,690 –45
Borrowed Funds Not reported in this filing46 2,321,256 Not reported in this filing4847 Not reported in this filing49
Provisions Not reported in this filing46 241,865 Not reported in this filing5150 Not reported in this filing51
Amounts due to group companies5253 Not reported in this filing46 1,853,246 3,460,141 640,965
Deferred tax liabilities54 Not reported in this filing46 13,306,954 11,895,931 11,159,741
Trade, other payables and other liabilities5556 Not reported in this filing46 1,201,778 1,388,90257 1,486,692
Net assets Not reported in this filing58 93,066,152 Not reported in this filing6059 Not reported in this filing61
Realisable reserves6263 Not reported in this filing64 6,473,109 6,350,314 5,906,364
Unrealisable reserves6566 Not reported in this filing67 49,709,453 42,165,340 37,643,559
Borrowings Not reported in this filing46 Not reported in this filing68 2,321,260 –69
Borrowings Not reported in this filing46 Not reported in this filing68 765,081 3,601,410
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
  4. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
Notes and alternative reported figures (65)
  1. Printed under different labels across filings: “Ordinary share capital”; “Share capital”.
  2. “Realised reserves” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
  3. Published summary of audited statements dated 2026-04-28 presents this line for this year: 6,473,109 (p1). Not shown in this column, which follows one filing's presentation.
  4. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Realisable reserves' (6 473 109 for 2024, p46), shown in the row 'Realisable reserves'.
  5. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Distributable reserves' (6 350 314 for 2023, p32), shown in the row 'Realisable reserves'.
  6. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Distributable reserves' (5 906 364 for 2022, p32), shown in the row 'Realisable reserves'.
  7. “Unrealised reserves” is an issuer-specific line, not mapped to a shared definition: Equity reserve (fair value gains).
  8. Published summary of audited statements dated 2026-04-28 presents this line for this year: 49,709,453 (p1). Not shown in this column, which follows one filing's presentation.
  9. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Unrealisable reserves' (49 709 453 for 2024, p46), shown in the row 'Unrealisable reserves'.
  10. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Non-distributable reserves' (42 165 340 for 2023, p32), shown in the row 'Unrealisable reserves'.
  11. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Non-distributable reserves' (37 643 559 for 2022, p32), shown in the row 'Unrealisable reserves'.
  12. Printed under different labels across filings: “EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF PARENT COMPANY”; “Equity attributable to equity holders of the parent”; “Equity attributable to the equity holders of the parent”.
  13. Printed under different labels across filings: “Non-Controlling Interest”; “Non-controlling interests”.
  14. Printed under different labels across filings: “TOTAL EQUITY”; “Total equity”.
  15. Printed under different labels across filings: “Non-current liabilities”; “Total non-current liabilities”.
  16. Published summary of audited statements dated 2026-04-28 presents this line for this year: 14,964,994 (p1). Not shown in this column, which follows one filing's presentation.
  17. Not reported in this filing: Not printed: the consolidated statement of financial position (p46, checked on the page image) is unclassified (assets and liabilities listed without current/non-current grouping); its printed subtotals are 'Total assets', 'Total liabilities', 'Net assets' and 'Equity attributable to the equity holders of the parent'.
  18. Printed under different labels across filings: “Current liabilities”; “Total current liabilities”.
  19. Published summary of audited statements dated 2026-04-28 presents this line for this year: 4,421,402 (p1). Not shown in this column, which follows one filing's presentation.
  20. Printed under different labels across filings: “TOTAL LIABILITIES”; “Total liabilities”.
  21. Published summary of audited statements dated 2026-04-28 prints 19,725,005 (thousands, p1) for this line and year.
  22. Published summary of audited statements dated 2026-04-28 presents this line for this year: 112,791,157 (p1). Not shown in this column, which follows one filing's presentation.
  23. Not reported in this filing: Not printed: the statement of financial position ends with net assets and total equity (p46).
  24. Printed under different labels across filings: “Investment properties”; “Investment property”.
  25. “Other assets” is an issuer-specific line, not mapped to a shared definition: Non-current assets other than investment properties, one line.
  26. Published summary of audited statements dated 2026-04-28 presents this line for this year: 440,092 (p1). Not shown in this column, which follows one filing's presentation.
  27. Not reported in this filing: Not reported: the consolidated statement of financial position (p46, checked on the page image) prints every asset line separately and has no 'Other assets' residual line; that residual exists only in the FY2025 summary statement.
  28. Not reported in this filing: Not reported: the Group statement of financial position (p32, checked on the page image) prints every non-current asset line separately and has no 'Other assets' residual line; that residual exists only in the FY2025 summary statement.
  29. Published summary of audited statements dated 2026-04-28 presents this line for this year: 99,229,297 (p1). Not shown in this column, which follows one filing's presentation.
  30. Published summary of audited statements dated 2026-04-28 prints 9,911,287 (thousands, p1) for this line and year.
  31. Published summary of audited statements dated 2026-04-28 presents this line for this year: 13,561,860 (p1). Not shown in this column, which follows one filing's presentation.
  32. Printed under different labels across filings: “TOTAL ASSETS”; “Total assets”.
  33. Published summary of audited statements dated 2026-04-28 prints 112,791,157 (thousands, p1) for this line and year.
  34. Printed under different labels across filings: “Plant and equipment”; “Property and equipment”.
  35. Not reported in this filing: Not reported separately: the summary statement of financial position (p1, checked on the page image) has no such line; its Group non-current assets are 'Investment properties' (119,049,646) and 'Other assets' (1,786,505).
  36. Printed under different labels across filings: “Deferred tax”; “Deferred tax assets”.
  37. “Capital work in progress” is an issuer-specific line, not mapped to a shared definition: Unclassified statement of financial position.
  38. “Secured staff loans” is an issuer-specific line, not mapped to a shared definition: Unclassified statement of financial position.
  39. Printed under different labels across filings: “Current tax receivable”; “Taxation recoverable”.
  40. Not reported in this filing: Not reported separately: the summary statement of financial position (p1, checked on the page image) has no such line; its Group current assets are 'Trade and other receivables' (12,764,817) and 'Cash and cash equivalents' (1,384,181).
  41. “Promissory notes receivable” is an issuer-specific line, not mapped to a shared definition: Note G5: nil at 31 December 2024.
  42. Printed under different labels across filings: “Promissory notes receivable”; “Promissory notes receivables”.
  43. Not reported in this filing: Not reported separately: the summary statement of financial position (p1, checked on the page image) prints Group liabilities only as 'Non-current liabilities' (17,785,058), 'Current liabilities' (6,020,164) and 'Bank overdraft' (276,338), with no breakdown.
  44. Annual report dated 2025-04-09 presents this line for this year: 3 086 341 (p46). Not shown in this column, which follows one filing's presentation.
  45. Not reported in this filing: Not reported under this label in this filing: the Group statement of financial position (p32, checked on the page image) has no single borrowings line; it prints 'Borrowings' under non-current liabilities (2 321 260 for 2023) and under current liabilities (765 081 for 2023), shown in the rows 'Borrowings, non-current' and 'Borrowings, current'.
  46. Not reported in this filing: Not reported under this label in this filing: the Group statement of financial position (p32, checked on the page image) has no single borrowings line; it prints 'Borrowings' under non-current liabilities ('-' for 2022) and under current liabilities (3 601 410 for 2022), shown in the rows 'Borrowings, non-current' and 'Borrowings, current'.
  47. Annual report dated 2025-04-09 presents this line for this year: 441 884 (p46). Not shown in this column, which follows one filing's presentation.
  48. Not reported in this filing: Not reported: the Group statement of financial position (p32, checked on the page image) has no provisions line; current liabilities are 'Amounts due to related parties', 'Borrowings', 'Trade and other payables' and 'Bank overdraft'.
  49. “Amounts due to group companies” is an issuer-specific line, not mapped to a shared definition: Note J1.
  50. Printed under different labels across filings: “Amounts due to group companies”; “Amounts due to related parties”.
  51. Printed under different labels across filings: “Deferred tax”; “Deferred tax liabilities”.
  52. “Trade, other payables and other liabilities”: mapping to a shared definition is uncertain. Printed 'Trade, other payables and other liabilities' (note G7).
  53. Printed under different labels across filings: “Trade and other payables”; “Trade, other payables and other liabilities”.
  54. Annual report dated 2025-04-09 prints 947 018 (thousands, p46) for this line and year.
  55. Not reported in this filing: Not reported: the summary statement of financial position (p1, checked on the page image) has no 'Net assets' line; it prints 'TOTAL EQUITY' (110,903,589) and 'TOTAL LIABILITIES' (24,081,560).
  56. Annual report dated 2025-04-09 presents this line for this year: 82 164 040 (p46). Not shown in this column, which follows one filing's presentation.
  57. Not reported in this filing: Not reported: the Group statement of financial position (p32, checked on the page image) has no 'Net assets' line; it is a classified statement ending in 'Total equity' (82 164 040 for 2023) and 'TOTAL EQUITY AND LIABILITIES'.
  58. Not reported in this filing: Not reported: the Group statement of financial position (p32, checked on the page image) has no 'Net assets' line; it is a classified statement ending in 'Total equity' (75 600 358 for 2022) and 'TOTAL EQUITY AND LIABILITIES'.
  59. “Realisable reserves” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
  60. Printed under different labels across filings: “Distributable reserves”; “Realisable reserves”.
  61. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Realised reserves' (7,096,473 for 2025, p1), shown in the row 'Realised reserves'.
  62. “Unrealisable reserves” is an issuer-specific line, not mapped to a shared definition: Equity reserve (unrealised fair value gains).
  63. Printed under different labels across filings: “Non-distributable reserves”; “Unrealisable reserves”.
  64. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Unrealised reserves' (61,678,348 for 2025, p1), shown in the row 'Unrealised reserves'.
  65. Not reported in this filing: Not reported separately: the consolidated statement of financial position (p46, checked on the page image) prints a single 'Borrowed Funds' line (2 321 256 for 2024) with no current/non-current split, shown in the row 'Borrowings / borrowed funds (unclassified)'.

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), as reported for the year; 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 reportreported for the yearFY2022Annual reportcomparative in FY2023 filing
Profit before tax1 23,126,039 14,890,314 Not reported in this filing32 Not reported in this filing4
Non-cash movements and adjustments to profit before tax5 (20,793,775) Not reported in this filing76 Not reported in this filing8 Not reported in this filing9
Net changes in working capital10 (1,950,224) Not reported in this filing1211 Not reported in this filing13 Not reported in this filing14
Interest received 1,818,754 Not reported in this filing1615 1,097,564 900,847
Interest paid17 (734,262) (842,145) (778,603) (720,909)
Taxation (paid)/received18 (425,072) (935,563) (2,233,075) (1,443,688)
Net cash flows from operating activities19 1,041,460 6,183,476 (784,670)20 1,497,098
Interest received21 268,678 Not reported in this filing2322 Not reported in this filing24 Not reported in this filing25
Dividends received26 –27 Not reported in this filing2928 –30 –31
Additions to plant and equipment32 (68,673) (22,533) (19,190) (30,628)
Additions to investment properties33 (634,620) Not reported in this filing3428 Not reported in this filing35 Not reported in this filing35
Increase in capital work in progress36 (1,266,288) (85,668) Not reported in this filing3837 Not reported in this filing38
Proceeds on disposal of equipment3940 740 14,999 (893) 2,223
Receipts from staff long-term loans41 1,779 Not reported in this filing4342 Not reported in this filing44 Not reported in this filing45
Net cash (used in)/generated from investing activities46 (1,698,384) 168,342 (6,307)47 (15,081)
Dividends paid (988,160) (873,258) (503,082) (758,359)
Dividends paid to non-controlling shareholders48 (492,500) Not reported in this filing5049 Not reported in this filing51 Not reported in this filing52
Additions of long-term debt 165,803 Not reported in this filing5328 Not reported in this filing54 Not reported in this filing54
Repayment of long-term debt55 (232,340) (765,085) (616,938) (437,095)
Net cash used in financing activities56 (1,547,197) (2,047,593) (616,938)57 (437,095)
Net cash (outflow)/inflow58 (2,204,121) 4,304,225 (1,371,915) 1,044,922
Cash and cash equivalents at the beginning of the year59 3,311,964 (992,261) 379,654 (665,268)
Cash and cash equivalents at the end of the year60 1,107,843 3,311,964 (992,261) 379,654
Non-cash movements and adjustments to profit before tax61 Not reported in this filing62 (12,403,915) Not reported in this filing863 Not reported in this filing9
Net changes in working capital64 Not reported in this filing65 4,485,082 Not reported in this filing1366 Not reported in this filing14
Interest received67 Not reported in this filing68 989,703 Not reported in this filing7069 Not reported in this filing71
Interest received72 Not reported in this filing73 193,861 Not reported in this filing2474 Not reported in this filing25
Receipts from staff long-term loans41 Not reported in this filing75 67,683 13,776 13,324
Dividends paid to non-controlling shareholders48 Not reported in this filing76 (409,250) –77 (584,000)
Cash generated from operations Not reported in this filing78 Not reported in this filing79 1,668,526 4,103,207
Cash flows generated from operating activities80 Not reported in this filing81 Not reported in this filing82 1,484,405 2,940,786
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”; reading unresolved, so no amount is shown. Printed dash, read on the page image (p36); recorded as printed and not interpreted as nil. Group 2023 column. In this filing the line sits under operating activities (the company columns print '-' and 1 716 000); the FY2025 summary prints it under investing activities.
  3. Printed “-”; reading unresolved, so no amount is shown. Printed dash, read on the page image (p36); recorded as printed and not interpreted as nil. Group 2022 column. In this filing the line sits under operating activities (the company columns print '-' and 1 716 000); the FY2025 summary prints it under investing activities.
  4. Printed “-”, read as nil: subtotal_arithmetic: cf.native.co_5d041a40v9wx.cf_operating_before_tax.
Notes and alternative reported figures (78)
  1. “Profit before tax” is an issuer-specific line, not mapped to a shared definition: Opening line of the operating section.
  2. Annual report dated 2025-04-09 presents this line for this year: 10 938 139 (p47). Not shown in this column, which follows one filing's presentation.
  3. Not reported in this filing: Not on the face: the Group statement of cash flows (p36, checked on the page image) starts operating activities at 'Cash generated from operations' (1 668 526 for 2023, note 23). Profit before taxation appears only in the note 23 reconciliation (p80) and on the income statement, where it is shown in the row 'Profit before tax'.
  4. Not reported in this filing: Not on the face: the Group statement of cash flows (p36, checked on the page image) starts operating activities at 'Cash generated from operations' (4 103 207 for 2022, note 23). Profit before taxation appears only in the note 23 reconciliation (p80) and on the income statement, where it is shown in the row 'Profit before tax'.
  5. “Non-cash movements and adjustments to profit before tax” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  6. Published summary of audited statements dated 2026-04-28 presents this line for this year: (12,403,915) (p1). Not shown in this column, which follows one filing's presentation.
  7. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Non-cash movements and adjustments to profit before tax' ((12 403 915) for 2024, p47), shown in the row 'Non-cash movements and adjustments to profit before tax (native.co_5d041a40v9wx.cf_non_cash_adjustments)'.
  8. Not reported in this filing: Not reported: the Group statement of cash flows (p36, checked on the page image) starts operating activities at 'Cash generated from operations' (1 668 526 for 2023, note 23). Note 23 (p80) lists the individual adjustments (fair value increase, interest, depreciation, expected credit losses) with no total for non-cash movements; its subtotal is 'Operating cash flows before movements in working capital'.
  9. Not reported in this filing: Not reported: the Group statement of cash flows (p36, checked on the page image) starts operating activities at 'Cash generated from operations' (4 103 207 for 2022, note 23). Note 23 (p80) lists the individual adjustments (fair value increase, interest, depreciation, expected credit losses) with no total for non-cash movements; its subtotal is 'Operating cash flows before movements in working capital'.
  10. “Net changes in working capital” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  11. Published summary of audited statements dated 2026-04-28 presents this line for this year: 4,485,082 (p1). Not shown in this column, which follows one filing's presentation.
  12. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Net changes in working capital' (4 485 082 for 2024, p47), shown in the row 'Net changes in working capital (native.co_5d041a40v9wx.cf_working_capital)'.
  13. Not reported in this filing: Not reported: the Group statement of cash flows (p36, checked on the page image) starts operating activities at 'Cash generated from operations' (1 668 526 for 2023, note 23). Note 23 (p80) lists the individual working-capital movements with no total line.
  14. Not reported in this filing: Not reported: the Group statement of cash flows (p36, checked on the page image) starts operating activities at 'Cash generated from operations' (4 103 207 for 2022, note 23). Note 23 (p80) lists the individual working-capital movements with no total line.
  15. Published summary of audited statements dated 2026-04-28 presents this line for this year: 989,703 (p1). Not shown in this column, which follows one filing's presentation.
  16. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Interest received' (989 703 for 2024, under operating activities, p47), shown in the row 'Interest received (operating activities) (native.co_5d041a40v9wx.cf_interest_received_operating)'.
  17. “Interest paid”: mapping to a shared definition is uncertain. Printed as 'Interest paid' without saying on what; the group carries long-term debt.
  18. Printed under different labels across filings: “Taxation (paid)/received”; “Taxation paid”.
  19. Printed under different labels across filings: “Net cash (used in)/generated by operating activities”; “Net cash flows from operating activities”.
  20. Annual report dated 2025-04-09 prints (263 346) (thousands, p47) for this line and year.
  21. “Interest received” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  22. Published summary of audited statements dated 2026-04-28 presents this line for this year: 193,861 (p1). Not shown in this column, which follows one filing's presentation.
  23. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Interest received' (193 861 for 2024, under investing activities, p47), shown in the row 'Interest received (investing activities) (native.co_5d041a40v9wx.cf_interest_received_investing)'.
  24. Not reported in this filing: Not reported separately: the Group statement of cash flows (p36, checked on the page image) has no interest received line in investing activities; it prints a single 'Interest received' (1 097 564 for 2023) under operating activities, shown in the row 'Interest received'.
  25. Not reported in this filing: Not reported separately: the Group statement of cash flows (p36, checked on the page image) has no interest received line in investing activities; it prints a single 'Interest received' (900 847 for 2022) under operating activities, shown in the row 'Interest received'.
  26. “Dividends received” is an issuer-specific line, not mapped to a shared definition: Investing activities; dash in the Group columns.
  27. Published summary of audited statements dated 2026-04-28 presents this line for this year: - (p1). Not shown in this column, which follows one filing's presentation.
  28. Not reported in this filing: Not reported: the consolidated statement of cash flows (p47, checked on the page image) has no dividends received line.
  29. Printed under different labels across filings: “Acquisition of property, plant and equipment”; “Additions to plant and equipment”.
  30. “Additions to investment properties” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  31. Not reported in this filing: Not reported: the consolidated statement of cash flows (p47, checked on the page image) has no additions to investment properties line; investing activities are 'Interest received', 'Acquisition of property, plant and equipment', 'Increase in capital work in progress', 'Proceeds/(costs) from disposal of property, plant and equipment' and 'Receipts from staff long-term loans'.
  32. Not reported in this filing: Not reported: the Group statement of cash flows (p36, checked on the page image) has no additions to investment properties line; investing activities are 'Additions to plant and equipment', '(Costs)/proceeds on disposal of equipment' and 'Receipts from staff long-term loans'.
  33. “Increase in capital work in progress” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  34. Annual report dated 2025-04-09 presents this line for this year: - (p47). Not shown in this column, which follows one filing's presentation.
  35. Not reported in this filing: Not reported: the Group statement of cash flows (p36, checked on the page image) has no capital work in progress line in investing activities.
  36. “Proceeds on disposal of equipment”: mapping to a shared definition is uncertain. Printed 'Proceeds/(costs) from disposal of property, plant and equipment'; 2023 is a net cost.
  37. Printed under different labels across filings: “(Costs)/proceeds on disposal of equipment”; “Proceeds on disposal of equipment”; “Proceeds/(costs) from disposal of property, plant and equipment”.
  38. “Receipts from staff long-term loans” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  39. Published summary of audited statements dated 2026-04-28 presents this line for this year: 67,683 (p1). Not shown in this column, which follows one filing's presentation.
  40. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Receipts from staff long-term loans' (67 683 for 2024, p47), shown in the row 'Receipts from staff long-term loans (native.co_5d041a40v9wx.cf_staff_loan_receipts)'.
  41. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Receipts from staff long-term loans' (13 776 for 2023, p36), shown in the row 'Receipts from staff long-term loans (native.co_5d041a40v9wx.cf_staff_loan_receipts)'.
  42. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Receipts from staff long-term loans' (13 324 for 2022, p36), shown in the row 'Receipts from staff long-term loans (native.co_5d041a40v9wx.cf_staff_loan_receipts)'.
  43. Printed under different labels across filings: “Net cash (used in)/generated from investing activities”; “Net cash outflow from investing activities”; “Net cash used in investing activities”.
  44. Annual report dated 2025-04-09 prints 11 451 (thousands, p47) for this line and year.
  45. “Dividends paid to non-controlling shareholders” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  46. Published summary of audited statements dated 2026-04-28 presents this line for this year: (409,250) (p1). Not shown in this column, which follows one filing's presentation.
  47. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Dividends paid to non-controlling shareholders' ((409 250) for 2024, p47), shown in the row 'Dividends paid to non-controlling shareholders (native.co_5d041a40v9wx.cf_dividends_paid_nci)'.
  48. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Dividends paid to non-controlling shareholders' ('-' for 2023, p36), shown in the row 'Dividends paid to non-controlling shareholders (native.co_5d041a40v9wx.cf_dividends_paid_nci)'. In this filing the line sits under operating activities.
  49. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Dividends paid to non-controlling shareholders' ((584 000) for 2022, p36), shown in the row 'Dividends paid to non-controlling shareholders (native.co_5d041a40v9wx.cf_dividends_paid_nci)'. In this filing the line sits under operating activities.
  50. Not reported in this filing: Not reported: the consolidated statement of cash flows (p47, checked on the page image) has no proceeds from borrowings line; financing activities are 'Dividends paid', 'Dividends paid to non-controlling shareholders' and 'Repayment of long-term debt'.
  51. Not reported in this filing: Not reported: the Group statement of cash flows (p36, checked on the page image) has no proceeds from borrowings line; financing activities print only 'Repayment of borrowings'.
  52. Printed under different labels across filings: “Repayment of borrowings”; “Repayment of long-term debt”.
  53. Printed under different labels across filings: “Net cash outflow from financing activities”; “Net cash used in financing activities”.
  54. Annual report dated 2025-04-09 prints (1 120 020) (thousands, p47) for this line and year.
  55. Printed under different labels across filings: “Net (decrease) /increase in cash and cash equivalents”; “Net cash (outflow)/inflow”; “Net cash inflow”.
  56. Printed under different labels across filings: “Cash and cash equivalents at beginning of the year”; “Cash and cash equivalents at the beginning of the year”.
  57. Printed under different labels across filings: “Cash and cash equivalents at end of the year”; “Cash and cash equivalents at the end of the year”.
  58. “Non-cash movements and adjustments to profit before tax” is an issuer-specific line, not mapped to a shared definition: One line, detailed in note J5.1.
  59. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Non-cash movements and adjustments to profit before tax' ((20,793,775) for 2025, p1), shown in the row 'Non-cash movements and adjustments to profit before tax (native.co_5d041a40v9wx.non_cash_adjustments)'.
  60. Annual report dated 2025-04-09 presents this line for this year: (8 874 212) (p47). Not shown in this column, which follows one filing's presentation.
  61. “Net changes in working capital” is an issuer-specific line, not mapped to a shared definition: One line, detailed in note J5.1.
  62. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Net changes in working capital' ((1,950,224) for 2025, p1), shown in the row 'Net changes in working capital (native.co_5d041a40v9wx.working_capital_changes)'.
  63. Annual report dated 2025-04-09 presents this line for this year: (395 401) (p47). Not shown in this column, which follows one filing's presentation.
  64. “Interest received” is an issuer-specific line, not mapped to a shared definition: Operating activities (interest on rental arrears).
  65. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Interest received' (1,818,754 for 2025, under operating activities, p1), shown in the row 'Interest received'.
  66. Annual report dated 2025-04-09 presents this line for this year: 1 079 806 (p47). Not shown in this column, which follows one filing's presentation.
  67. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Interest received' under operating activities (1 097 564 for 2023, p36), shown in the row 'Interest received'. That single line also covers interest that the FY2024 report presents under investing activities.
  68. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Interest received' under operating activities (900 847 for 2022, p36), shown in the row 'Interest received'. That single line also covers interest that the FY2024 report presents under investing activities.
  69. “Interest received” is an issuer-specific line, not mapped to a shared definition: Investing activities (interest on bank deposits and staff loans).
  70. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Interest received' (268,678 for 2025, under investing activities, p1), shown in the row 'Interest received (investing activities) (native.co_5d041a40v9wx.interest_received_investing)'.
  71. Annual report dated 2025-04-09 presents this line for this year: 17 758 (p47). Not shown in this column, which follows one filing's presentation.
  72. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Receipts from staff long-term loans' (1,779 for 2025, p1), shown in the row 'Receipts from staff long-term loans (native.co_5d041a40v9wx.staff_loan_receipts)'.
  73. Not reported in this filing: Not reported under this label in this filing: the filing prints this item as 'Dividends paid to non-controlling shareholders' ((492,500) for 2025, p1), shown in the row 'Dividends paid to non-controlling shareholders (native.co_5d041a40v9wx.dividends_paid_nci)'.
  74. Not reported in this filing: Not printed: the summary statement of cash flows (p1, checked on the page image) uses the indirect method from 'Profit before tax' and has no cash generated from operations subtotal.
  75. Not reported in this filing: Not printed: the operating section prints no subtotal before interest and tax (p47).
  76. “Cash flows generated from operating activities” is an issuer-specific line, not mapped to a shared definition: FY2023 layout: subtotal of cash generated from operations, interest and dividends received and paid, before taxation paid.
  77. Not reported in this filing: Not printed: the summary statement of cash flows (p1, checked on the page image) has no subtotal before taxation; it goes from 'Taxation (paid)/received' to 'Net cash flows from operating activities' (1,041,460).
  78. Not reported in this filing: Not printed: the consolidated statement of cash flows (p47, checked on the page image) starts from 'Profit before tax' and has no subtotal before taxation paid; it goes from 'Taxation paid' to 'Net cash flows from operating activities' (6 183 476).

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), as reported for the year; 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 reportreported for the yearFY2022Annual reportcomparative in FY2023 filing
Earnings / (loss) per share (per share)312 5.91 3.72 2.38 2.49
Profit / (loss) attributable to shareholders (MWK thousands)54 13,580,419 8,540,165 5,468,812 5,726,444
Weighted average shares (shares)8 2,298,047,460 2,298,047,460 †6 Not yet collected from the source7 Not yet collected from the source7
Notes and alternative reported figures (8)
  1. “Basic earnings per share (K)”: mapping to a shared definition is uncertain. Only basic earnings per share is printed; no diluted figure is shown.
  2. Printed under different labels across filings: “Basic earnings per ordinary share (K)”; “Basic earnings per share (K)”.
  3. Earnings / (loss) per share: printed as “Basic earnings per share (K)”.
  4. Printed under different labels across filings: “Amount attributable to members of the parent company”; “Amounts attributable to members of the parent”; “Equity holders of the parent”.
  5. Profit / (loss) attributable to shareholders: printed as “Amount attributable to members of the parent company”.
  6. From published summary of audited statements “MPICO PLC Audited Summary Consolidated and Separate Financial Statements for the year ended 31 December 2025” (signed / final), p1: the column's main source does not print this line.
  7. Not yet collected from the source: Not yet collected: note 21 (p79) prints the weighted average number of shares as '2 298 047' under a K'000 header, while this row holds the figure in units; a row cannot mix scales, so it is not entered.
  8. Weighted average shares: printed as “Number of shares used for calculation”.

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 2025 Dividends paid (cash flow statement) Dividends paid (988,160) MWK thousands Summary statements, p1
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid (873,258) MWK thousands Annual report, p47
31 Dec 2023 Dividends paid (cash flow statement) Dividends paid (503,082) MWK thousands Annual report, p36
31 Dec 2022 Dividends paid (cash flow statement) Dividends paid (758,359) MWK thousands Annual report, p36

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.

  • MPICO PLC Audited Summary Consolidated and Separate 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: Vilengo Beza, Partner, for Deloitte

    Final status: ISA 810 (Revised) independent auditor's report on the summary consolidated and separate financial statements, signed 'Deloitte' (Chartered Accountants; Vilengo Beza, Partner) and dated 28 April 2026 (PDF p1, page image). Summary signed 'By order of the Board' by Edmund Hami (Chairperson) and Martha Mkandawire (Director), undated; the underlying annual statements were approved by the board on 05 March 2026 (basis of preparation, p1).

    Document date
    28 Apr 2026
    Published
    29 Apr 2026
    Auditor's report
    28 Apr 2026
    Board approval
    5 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025
    Basis
    consolidated statements · MWK thousands (printed “K'000”)
    • Summary statement of changes in equity (Group, 2025): 'Amount attributable to minority interests' is printed 5,373,677, whereas the statement of comprehensive income prints the non-controlling interests' share as 5,737,677; the printed equity movements add to 110,539,589, 364,000 short of the printed closing balance 110,903,589 (which agrees with total equity). Kept as printed; the statement of changes in equity was not transcribed (p1).
    • Only basic EPS is printed (no diluted figure). The bank overdraft is printed outside current liabilities, within total liabilities. The 'Outlook' commentary is marked '*Unaudited'.
    • Independent auditor's report on the summary consolidated and separate financial statements (ISA 810 (Revised)): 'In our opinion, the accompanying summary consolidated and separate financial statements are a fair summary of the audited consolidated and separate financial statements of MPICO plc, and on the basis described on the basis of preparation paragraph.' It states: 'We expressed an unmodified audit opinion on the audited consolidated and separate financial statements in our report dated 24 April 2026.' Signed Deloitte, Vilengo Beza, Partner, 28 April 2026 (p1).
    • Summary statements of comprehensive income (no other comprehensive income line), financial position (liabilities condensed to non-current liabilities, current liabilities and bank overdraft; non-current assets other than investment properties in one 'Other assets' line), changes in equity and cash flows; Group and Company columns; no notes (p1).
    Technical details
    File
    1 pages, with a text layer
    SHA-256
    2e63c1378fd59d527fa1969fb75d4ef03e046d01528691deb48d4bc8044156a6
    Entity as printed
    MPICO PLC REG. NO:COYR - A5K1E78
    Exchange copy
    retrieved 2026-10-08T18:05:21Z

  • MPICO Plc Annual Report 2024

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

    Audit: Deloitte (Malawi), unmodified opinion · signed

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

    Final status: Independent auditor's report to the shareholders of MPICO plc (PDF pp41-44; Deloitte letterhead on p41), unmodified opinion on the consolidated and separate financial statements; closed by a handwritten 'Deloitte' signature over 'Chartered Accountants, Vilengo Beza, Partner, 9 April 2025' (PDF p44, page image). The consolidated statements were approved and authorised for issue by the Board on 4 March 2025 and signed by the Board Chairperson, Mr Edmund Hami, and a Director, Mrs Martha Mkandawire, with handwritten signatures (PDF p46, page image); the directors' approval statement (PDF p16) repeats the 4 March 2025 approval, signed by the same two, with 'Lilongwe, 7 April 2025' printed below the signatures.

    Document date
    9 Apr 2025
    Published
    4 Jun 2025
    Auditor's report
    9 Apr 2025
    Board approval
    4 Mar 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2024
    Basis
    consolidated statements · MWK thousands (printed “K'000”)
    • Consolidated statement of profit or loss, 2023 column: 'Total operating expenses' is printed (6 408 912) while its printed components (credit impairment charges (166 055) and property and administrative expenses (5 380 143)) add to (5 546 198); the difference equals the 2023 net finance cost (862 714). Profit before tax 2023 (10 938 139) equals total income (17 347 051) plus the printed total operating expenses, so the 2023 net finance cost appears to be counted inside total operating expenses. The 2024 column adds up as laid out. Kept as printed (page image p45 compared); the two 2023 arithmetic fails (total operating expenses, profit before tax) are this inconsistency.
    • 'Credit impairment charges' is printed as a positive 39 703 in 2024 (a net reversal) and (166 055) in 2023; 'Interest on bank deposits and staff loans' (income) is printed under the 'Finance cost' heading.
    • 'Net cash outflow from investing activities' is printed as positive amounts (168 342; 2023: 11 451), i.e. net inflows; kept as printed.
    • Board approval is printed as 4 March 2025 (PDF pp16 and 46) while the directors' approval statement shows 'Lilongwe, 7 April 2025' below the signatures; the auditor's report is dated 9 April 2025.
    • The statement of financial position is unclassified (no current/non-current split) and prints no total equity and liabilities line; it prints 'Net assets' (total assets less total liabilities) instead.
    • The statement titled 'profit or loss and other comprehensive income' prints no other comprehensive income or total comprehensive income line (p45).
    • Annual Report 2024: chairperson's statement, governance and directors' reports (PDF pp1-40), auditor's report (pp41-44), consolidated statements and notes (pp45-93), separate statements and notes (pp94-138), AGM papers.
    Technical details
    File
    156 pages, with a text layer
    SHA-256
    71c26e43fbf2f8e6598bda486ec30e9834b62029fcc2b8eb6021120778ebf35b
    Entity as printed
    MPICO plc (the Company) and its subsidiaries (the Group)
    Exchange copy
    retrieved 2026-10-08T18:06:34Z

  • MPICO Plc Annual Report 2023

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

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

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

    Final status: Independent auditor's report to the shareholders of MPICO plc (PDF pp27-31; Deloitte letterhead on p27), unmodified opinion on the consolidated and separate financial statements; closed by a handwritten 'Deloitte' signature over 'Chartered Accountants, Christopher Kapenda, Partner, 2 April 2024' (PDF p31, page image). The statements were approved and authorised for issue by the Board of Directors on 6 March 2024 and signed by Edmund Hami (Director) and Mrs Edith Jiya (Chairperson), handwritten signatures visible (PDF p32, page image).

    Document date
    2 Apr 2024
    Auditor's report
    2 Apr 2024
    Board approval
    6 Mar 2024
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023, FY2022
    Basis
    consolidated statements · MWK thousands (printed “K’000”)
    • Consolidated statement of cash flows, 2023 Group column: 'Net cash (used in)/generated by operating activities' is printed (784 670), while its printed components (cash flows generated from operating activities 1 484 405 less taxation paid (2 233 075)) give (748 670); the printed net decrease in cash (1 371 915) agrees with (748 670) plus investing (6 307) and financing (616 938). The printed figure appears to transpose two digits. Kept as printed (page image p36 compared); the two 2023 arithmetic fails (cash from operations, net change in cash) are this inconsistency.
    • Interest received (one line), interest paid and dividends paid (to shareholders and to non-controlling shareholders) are presented within operating activities, with a subtotal 'Cash flows generated from operating activities' before taxation paid (p36). Cash and cash equivalents at the end of the year are net of the bank overdraft ((992 261) = 326 710 less 1 318 971, p32/p36).
    • The FY2024 statements print the 2023 total operating expenses as (6 408 912) (fin-r3-w08 issuer_inconsistency note); this FY2023 document prints (5 546 198), which adds up with its components (p33).
    • This year's statement of financial position is classified (current/non-current, with subtotals) and prints total equity and liabilities, unlike the FY2024 layout (p32). The statement of comprehensive income states 'The Group and Company had no other comprehensive income in the current year or prior year' (p33).
    Technical details
    File
    96 pages, with a text layer
    SHA-256
    3684987733288a6699c2c992690a6b9c2d1160646e946d4f05218dad88245030
    Entity as printed
    MPICO plc ("the Company") and its subsidiaries (together "the Group")
    Exchange copy
    retrieved 2026-10-08T18:07:46Z

Data notes

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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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