Skip to content
The African Exponent DATA
Resources

Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 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

TNM

TNM · Malawi Stock Exchange · Consolidated statements

On this page
Company details
Legal name
Telekom Networks Malawi Plc
Listing
TNM on the Malawi Stock Exchange, active · ISIN MWTNM0010126 (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 · annual report, signed / final · source

  • Revenue

    MWK 204 billion

    203,746 MWK millions · p31

    +43.5% vs 2024

  • Operating profit / (loss)

    MWK 51.2 billion

    51,198 MWK millions · p31

    +72.3% vs 2024

  • Profit / (loss) for the year

    MWK 21.3 billion

    21,269 MWK millions · p31

    +111.6% vs 2024

  • Total assets

    MWK 271 billion

    271,173 MWK millions · p32

    +27.9% vs 2024

  • Total equity

    MWK 103 billion

    102,673 MWK millions · p32

    +98.0% vs 2024

  • Cash from operations

    MWK 64.1 billion

    64,132 MWK millions · p33

    +5.4% vs 2024

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.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in MWK millions 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 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, MWK millions. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Revenue 203,746 142,007
Interest revenue 4,239 2,283
Cost of sales (123,794) (95,254)
Gross profit 84,191 49,036
Other income 14,929 13,876
Administrative expenses (47,451) (32,267)
Loss allowance1 (471) (930)
Operating profit 51,198 29,715
Finance income 461 414
Finance expenses (18,162) (14,750)
Net finance expenses2 (17,701) (14,336)
Profit before income tax 33,497 15,379
Income tax expense (12,228) (5,326)
Profit for the year 21,269 10,053
other comprehensive income (FVTOCI)3 3,817 39
Deferred tax4 (1,489) –5
Total comprehensive profit for the year 23,597 10,092
  1. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (4)
  1. “Loss allowance” is an issuer-specific line, not mapped to a shared definition: Note 18: expected credit loss charge on receivables.
  2. “Net finance expenses” is an issuer-specific line, not mapped to a shared definition: Finance income less finance expenses (note 10).
  3. “other comprehensive income (FVTOCI)” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income, note 13 (items not reclassified).
  4. “Deferred tax” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income, note 23a.

Balance sheet

Balance sheet, MWK millions. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Equity investments1 4,190 373
Property, plant and equipment 101,536 89,583
Intangible assets 18,341 17,287
Right of use assets 16,749 18,275
Deferred tax assets –2 2,924
Equipment receivables3 627 542
Total non-current assets 141,443 128,984
Inventories 6,716 1,951
Equipment receivables3 507 604
Trade and other receivables 33,775 29,831
Loans and advances4 1,826 1,096
Amount due from related companies5 1,887 745
Minimum alternative tax credit entitlement6 816 –7
Current tax recoverable –7 1,020
Bank and cash balances 84,203 47,719
Total current assets 129,730 82,966
Total assets 271,173 211,950
Share capital 32,288 402
Share premium –8 2,347
Retained earnings 70,385 49,096
Total equity 102,673 51,845
Deferred tax liabilities 5,197 –9
Long-term portion of interest bearing loans 8,744 12,752
Total non-current liabilities 13,941 12,752
Amounts due to related parties10 –11 210
Bank overdraft 10,262 15,692
Current portion of interest-bearing loans 4,536 18,100
Contract liabilities 3,915 2,761
Trade and other payables 70,226 75,637
Amounts payable to owners of e-money12 63,082 34,615
Current portion of lease liabilities –11 338
Current tax payable 2,538 –11
Total current liabilities 154,559 147,353
Total liabilities 168,500 160,105
Total equity and liabilities 271,173 211,950
  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.total_equity.
  4. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
  5. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (7)
  1. “Equity investments”: mapping to a shared definition is uncertain. Printed 'Equity investments' (note 13); fair value gains are taken to other comprehensive income (FVTOCI, p31).
  2. “Equipment receivables” is an issuer-specific line, not mapped to a shared definition: Note 18.
  3. “Loans and advances” is an issuer-specific line, not mapped to a shared definition: Note 18: mobile-money loans to customers.
  4. “Amount due from related companies” is an issuer-specific line, not mapped to a shared definition: Note 19.
  5. “Minimum alternative tax credit entitlement” is an issuer-specific line, not mapped to a shared definition: Note 23b.
  6. “Amounts due to related parties” is an issuer-specific line, not mapped to a shared definition: Note 19.
  7. “Amounts payable to owners of e-money” is an issuer-specific line, not mapped to a shared definition: Note 28.

Cash flow

Cash flow, MWK millions. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Cash generated from operations 74,905 76,549
Interest received 461 414
Interest paid1 (8,380) (11,364)
Income tax paid/refund received (2,854) (4,773)
Cash generated from operating activities 64,132 60,826
Dividend received2 –3 –3
Purchase of property, plant and equipment (26,569) (26,229)
Purchase of intangible assets (4,294) (7,211)
plant and equipment –3 645
Net cash used in investing activities (30,863) (32,795)
Bank overdraft4 (5,430) 4,918
Proceeds from issue of shares5 29,539 –6
Proceeds from loans 4,500 4,947
Repayment of loans (22,494) (13,416)
Dividend paid to the owners of the company (2,308) –6
Lease liability payments7 (592) (8,606)
Net cash from/(used in) financing activities 3,215 (12,157)
Net increase/(decrease) in cash and cash equivalents 36,484 15,874
beginning of the year 47,719 31,845
end of the year 84,203 47,719
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (5)
  1. “Interest paid” is an issuer-specific line, not mapped to a shared definition: Operating activities, note 31 (not split by borrowing type).
  2. “Dividend received” is an issuer-specific line, not mapped to a shared definition: Investing activities: dash in the Group columns.
  3. “Bank overdraft” is an issuer-specific line, not mapped to a shared definition: Financing activities: movement in the bank overdraft.
  4. “Proceeds from issue of shares” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 21.
  5. “Lease liability payments” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 29: lease payments, principal and interest not split.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Earnings / (loss) per share (per share)1 2.14 1.01
Notes and alternative reported figures (1)
  1. 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 2025 Dividends paid (cash flow statement) Dividend paid to the owners of the company (2,308) MWK millions Annual report, p33
31 Dec 2024 Dividends paid (cash flow statement) Dividend paid to the owners of the company 0printed “–”, read as nil MWK millions Annual report, p33

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.

  • Telekom Networks Malawi Plc Annual Report 2025; Consolidated and Company Financial Statements for the year ended 31 December 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: Deloitte (Malawi), unmodified opinion · signed

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

    Final status: Independent auditor's report to the shareholders of Telekom Networks Malawi plc (PDF pp29-31), unmodified opinion; closed by a handwritten 'Deloitte' signature over 'Chartered Accountants, Vilengo Beza, Partner, Date: 30 April 2026' (PDF p31, left half, page image). The financial statements were approved and authorised for issue by the Board on 27 April 2026, with handwritten signatures of Mr. Ted Sauti-Phiri (Chairman of the Board) and Dr. Frank Dalitso Chozenga (Chairman of Board Audit Committee) (PDF p32, right half, page image).

    Document date
    30 Apr 2026
    Published
    1 Jul 2026
    Auditor's report
    30 Apr 2026
    Board approval
    27 Apr 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · MWK millions (printed “MK'm”)
    • No total of other comprehensive income is printed (p31): the fair value gain on FVTOCI equity instruments (3 817; 2024: 39) and its deferred tax ((1 489); 2024: -) go straight to total comprehensive profit for the year (23 597; 2024: 10 092).
    • The bank overdraft (10 262; 2024: 15 692) is a current liability and its movement is presented in financing activities; cash and cash equivalents in the statement of cash flows equal bank and cash balances (84 203; 2024: 47 719).
    • The document is the 2025 Annual Report: narrative sections (PDF pp1-26), the audited consolidated and company financial statements (PDF pp27-62, printed pages 50-123) and AGM papers (PDF pp63-74).
    Technical details
    File
    74 pages, with a text layer
    SHA-256
    439c54704e8bee363c79f661fea81b29b232af16585f3ecf90b13855d6c490eb
    Entity as printed
    Telekom Networks Malawi plc and its subsidiaries (the group) and the company
    Exchange copy
    retrieved 2026-10-08T18:05:34Z

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) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

Download

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.

· Company methodology and coverage