Maputo, Sept. 5, 2025 (Lusa) - Mozambique's state revenue from dividends fell by 34.3% to 5.11 billion meticais (€68.3 million) in the first half of 2025.
According to a report by the Ministry of Finance, with budget execution data for the first six months, 89% came from the Cahora Bassa Hydroelectric Plant (HCB), which operates one of the largest dams in Africa in the province of Tete, in the centre of the country.
In the first half of 2024, total dividends paid by companies to the state accounted for 4.6% of all state revenue in that period, falling to 3% in the same period this year.
With a weight of 4.9% of the total dividends paid to the state in the first half of this year, it is followed by Porto e Caminhos de Ferro de Moçambique (CFM), with 250 million meticais (€3.3 million), Companhia de Pipeline Moçambique Zimbabwe, with 226.2 million meticais (€3 million), and Companhia Moçambicana de Gasodutos, with 95 million meticais (€1.3 million).
The report notes the ‘non-payment of dividends’ in 2025 - relating to the previous year - by the Millennium BIM bank, owned by the Portuguese group BCP and in which the Mozambican state has a stake.
This lack of payment, unlike the first half of previous years, is ‘justified by the greater exposure to the credit risk of the Mozambican state's debt, which has forced BIM to strengthen its equity, so that the Bank is properly capitalised to be able to accommodate the negative impacts resulting from the materialisation of the risks of the possibility of default’.
Revenue from concessions grew by 9.4% year-on-year, contributing almost 3.16 billion meticais (€42.5 million) to the state in the same period, equivalent to 1.8% of total revenue (1.7% in 2024).
HCB, which is majority owned by the Mozambican state and has a 7.5% stake in Portugal's Redes Energéticas Nacionais (REN), also led the way in concessions, with payments of almost 2,291 million meticais (€30.6 million) in six months, double that of the first half of 2024, followed by the concession to Sociedade de Desenvolvimento do Porto de Maputo (MPDC), with 598.3 million meticais (€7.9 million).
PVJ/ADB // ADB.
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