Financial Ratios MPICO plc

Stocks

MPICO

MWMPI0010116

Real Estate Development & Operations

End-of-day quote Malawi S.E. 2026-09-15			5-day change	1st Jan Change
19.61 ^MWK	0.00%		0.00%	+0.51%

04-29	MPICO plc Reports Earnings Results for the Full Year Ended December 31, 2025	CI
25-06-03	MPICO plc Reports Earnings Results for the Full Year Ended December 31, 2024	CI

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Published financial data: MPICO PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (MWK)	2022 (MWK)	2023 (MWK)	2024 (MWK)	2025 (MWK)
Rental Revenues	6.61B	6.84B	6.88B	8.06B	9.31B
Gain (Loss) on Sale of Assets, Total (Rev)	-	-	-	-	740K
Other Revenues, Total	142M	148M	453M	511M	445M
Total Revenues	6.76B	6.99B	7.34B	8.57B	9.75B
Property Expenses	4.72B	4.58B	5.38B	6.03B	7.36B
Selling General & Admin Expenses, Total	-	-	-	101M	125M
Provision for Bad Debts	67.19M	272M	166M	-39.7M	122M
Total Operating Expenses	4.79B	4.85B	5.55B	6.09B	7.61B
Operating Income (REIT / Utility Template)	1.96B	2.13B	1.79B	2.48B	2.15B
Interest Expense, Total	-737M	-721M	-880M	-842M	-734M
Interest and Investment Income	1.04B	901M	1.1B	1.18B	2.09B
Net Interest Expenses	299M	180M	217M	341M	1.35B
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	2.26B	2.31B	2.01B	2.82B	3.5B
Asset Writedown	5.43B	6.69B	8.93B	12.07B	19.63B
EBT, Incl. Unusual Items	7.69B	9.01B	10.94B	14.89B	23.13B
Income Tax Expense	1.27B	868M	3.87B	2.71B	3.81B
Earnings From Continuing Operations	6.42B	8.14B	7.07B	12.18B	19.32B
Net Income to Company	6.42B	8.14B	7.07B	12.18B	19.32B
Minority Interest	-1.72B	-2.41B	-1.6B	-3.64B	-5.74B
Net Income - (IS)	4.71B	5.73B	5.47B	8.54B	13.58B
Net Income to Common Incl Extra Items	4.71B	5.73B	5.47B	8.54B	13.58B
Net Income to Common Excl. Extra Items	4.71B	5.73B	5.47B	8.54B	13.58B
Per Share Items
Net EPS - Basic	2.05	2.49	2.38	3.72	5.91
Basic EPS - Continuing Operations	2.05	2.49	2.38	3.72	5.91
Basic Weighted Average Shares Outstanding	2.3B	2.3B	2.3B	2.3B	2.3B
Net EPS - Diluted	2.05	2.49	2.38	3.72	5.91
Diluted EPS - Continuing Operations	2.05	2.49	2.38	3.72	5.91
Diluted Weighted Average Shares Outstanding	2.3B	2.3B	2.3B	2.3B	2.3B
Normalized Basic EPS	-0.13	-0.42	-0.15	-0.82	-1.54
Normalized Diluted EPS	-0.13	-0.42	-0.15	-0.82	-1.54
Dividend Per Share	0.31	0.36	0.38	0.43	0.5
Payout Ratio	19.53	13.24	9.2	10.23	7.28
Supplemental Items
EBITDA	2.12B	2.27B	1.9B	2.54B	2.21B
EBITA	1.96B	2.13B	1.79B	2.48B	2.15B
EBIT	1.96B	2.13B	1.79B	2.48B	2.15B
Total Revenues (As Reported)	13.2B	14.56B	17.35B	21.63B	31.19B
Effective Tax Rate - (Ratio)	16.47	9.64	35.39	18.17	16.47
Total Current Taxes	706M	666M	541M	889M	1.23B
Total Deferred Taxes	496M	30.44M	3.33B	1.67B	2.52B
Normalized Net Income	-302M	-965M	-344M	-1.88B	-3.55B
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	101M	125M
Selling and Marketing Expenses	-	-	-	101M	125M

Fiscal Period: December	2021 (MWK)	2022 (MWK)	2023 (MWK)	2024 (MWK)	2025 (MWK)
Assets
Gross Property Plant And Equipment	72.24B	78.96B	87.9B	99.99B	122B
Accumulated Depreciation	-702M	-835M	-941M	-913M	-973M
Net Property Plant And Equipment	71.54B	78.12B	86.96B	99.08B	121B
Total Real Estate Assets	71.54B	78.12B	86.96B	99.08B	121B
Cash And Equivalents	427M	380M	327M	3.65B	1.38B
Accounts Receivable, Total	4.66B	7.39B	5B	4.39B	8.04B
Other Receivables	3.56B	3.35B	5.26B	1.97B	1.59B
Notes Receivable (Collected)	3.07B	-	5.1B	-	-
Other Current Assets, Total	106M	165M	189M	129M	304M
Deferred Tax Assets Long-Term (Collected)	2.06B	2.99B	395M	139M	216M
Other Long-Term Assets, Total	107M	93.2M	79.42M	2.97B	2.84B
Total Assets	85.52B	92.49B	103B	112B	135B
Liabilities
Current Portion of Long-Term Debt	437M	3.6B	765M	663M	377M
Short-Term Borrowings	1.09B	-	1.32B	339M	276M
Long-Term Debt	3.6B	-	2.32B	1.66B	1.88B
Accounts Payable, Total	-	-	-	189M	359M
Accrued Expenses, Total	232M	955M	4.27B	2.47B	3.76B
Current Income Taxes Payable	-	-	-	-	734M
Unearned Revenue, Current	449M	631M	577M	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	705M	542M	-	-	-
Unearned Revenue Non Current	-	-	-	638M	793M
Deferred Tax Liability Non-Current	10.2B	11.16B	11.9B	13.31B	15.91B
Total Liabilities	16.72B	16.89B	21.15B	19.26B	24.08B
Common Stock, Total	115M	115M	115M	115M	115M
Additional Paid In Capital	8.63B	8.63B	8.63B	8.63B	8.63B
Retained Earnings	5.57B	5.91B	6.35B	6.47B	7.1B
Comprehensive Income and Other	33.01B	37.64B	42.17B	49.71B	61.68B
Total Common Equity	47.32B	52.29B	57.26B	64.92B	77.52B
Minority Interest	21.48B	23.31B	24.91B	28.14B	33.39B
Total Equity	68.81B	75.6B	82.16B	93.07B	111B
Total Liabilities And Equity	85.52B	92.49B	103B	112B	135B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.3B	2.3B	2.3B	2.3B	2.3B
ECS Total Common Shares Outstanding	2.3B	2.3B	2.3B	2.3B	2.3B
Book Value / Share	20.59	22.75	24.92	28.25	33.73
Tangible Book Value	47.32B	52.29B	57.26B	64.92B	77.52B
Tangible Book Value Per Share	20.59	22.75	24.92	28.25	33.73
Total Debt	5.13B	3.6B	4.41B	2.66B	2.53B
Net Debt	4.7B	3.22B	4.08B	-991M	1.15B
Minority Interest, Total (Incl. Fin. Div)	21.48B	23.31B	24.91B	28.14B	33.39B
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	1.13B	1.16B	1.17B	1.1B	1.17B
Full Time Employees	31	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	816M	1.09B	1.25B	932M	1.05B

Fiscal Period: December	2021 (MWK)	2022 (MWK)	2023 (MWK)	2024 (MWK)	2025 (MWK)
Net Income	4.71B	5.73B	5.47B	8.54B	13.58B
Depreciation, Depletion & Amortization	156M	138M	108M	62.54M	64.26M
Total Depreciation, Depletion & Amortization	156M	138M	108M	62.54M	64.26M
(Gain) Loss On Sale of Asset - (CF)	-11.81M	-282K	833K	-15M	-740K
Total Asset Writedown	-5.43B	-6.69B	-8.93B	-12.07B	-19.63B
Provision and Write-off of Bad Debts	-	-	166M	-39.7M	122M
Minority Interest in Earnings - (CF)	-212M	-584M	-	-	-
Change in Accounts Receivable	4.02B	-1.98B	1.98B	942M	-3.56B
Change in Accounts Payable	456M	235M	-97.79M	54.74M	680M
Change in Other Net Operating Assets (Collected)	-3.07B	3.07B	-5.1B	3.49B	932M
Other Operating Activities	1.14B	2.34B	6.16B	5.22B	8.85B
Cash from Operations	1.77B	2.26B	-246M	6.18B	1.04B
Acquisition of Real Estate Assets, Total	-76.04M	-30.63M	-20.08M	-108M	-1.97B
Sale of Real Estate Assets, Total	68.38M	2.22M	-	15M	740K
Net Sale / Acquisition of Real Estate Assets	-7.66M	-28.4M	-20.08M	-93.2M	-1.97B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	13.78M	-	-
Other Investing Activities, Total	-35.25M	13.32M	-	262M	270M
Cash from Investing	-42.91M	-15.08M	-6.31M	168M	-1.7B
Long-Term Debt Issued, Total	-	-	-	-	166M
Total Debt Issued	-	-	-	-	166M
Long-Term Debt Repaid, Total	-284M	-437M	-617M	-765M	-232M
Total Debt Repaid	-284M	-437M	-617M	-765M	-232M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-919M	-758M	-503M	-873M	-988M
Common & Preferred Stock Dividends Paid	-919M	-758M	-503M	-873M	-988M
Other Financing Activities, Total	-	-	-	-409M	-492M
Cash from Financing	-1.2B	-1.2B	-1.12B	-2.05B	-1.55B
Net Change in Cash	519M	1.04B	-1.37B	4.3B	-2.2B
Supplemental Items
Cash Interest Paid	737M	721M	779M	842M	734M
Cash Income Tax Paid (Refund)	1.84B	1.44B	2.23B	936M	425M
Net Debt Issued / Repaid	-284M	-437M	-617M	-765M	-66.54M
Levered Free Cash Flow	1.24B	2.22B	-1.27B	4.78B	-2.1B
Unlevered Free Cash Flow	1.7B	2.67B	-716M	5.31B	-1.64B
Change In Net Working Capital	-395M	-1.22B	1.92B	-3.81B	1.71B

Fiscal Period: December	2021 (MWK)	2022 (MWK)	2023 (MWK)	2024 (MWK)	2025 (MWK)
Profitability
Return on Assets	1.49	1.5	1.14	1.44	1.08
Return on Total Capital	1.72	1.74	1.35	1.7	1.28
Return On Equity %	9.71	11.27	8.96	13.91	18.94
Return on Common Equity	10.36	11.5	9.98	13.98	19.07
Margin Analysis
Gross Profit Margin %	30.08	34.42	26.65	29.63	24.54
SG&A Margin	-	-	-	1.18	1.28
EBITDA Margin %	31.39	32.52	25.86	29.64	22.67
EBITA Margin %	29.08	30.54	24.39	28.91	22.01
EBIT Margin %	29.08	30.54	24.39	28.91	22.01
Income From Continuing Operations Margin %	95.07	116.43	96.34	142.14	198.04
Net Income Margin %	69.66	81.93	74.56	99.62	139.22
Net Avail. For Common Margin %	69.66	81.93	74.56	99.62	139.22
Normalized Net Income Margin	-4.47	-13.8	-4.69	-21.95	-36.39
Levered Free Cash Flow Margin	18.39	31.7	-17.26	55.81	-21.51
Unlevered Free Cash Flow Margin	25.21	38.15	-9.76	61.95	-16.8
Asset Turnover
Asset Turnover	0.08	0.08	0.07	0.08	0.08
Fixed Assets Turnover	0.1	0.09	0.09	0.09	0.09
Receivables Turnover (Average Receivables)	1.12	1.14	1.11	1.72	1.5
Short Term Liquidity
Current Ratio	4.05	1.97	2.29	2.77	2.06
Quick Ratio	2.96	1.94	1.53	2.73	2
Operating Cash Flow to Current Liabilities	0.61	0.39	-0.04	1.69	0.19
Days Sales Outstanding (Average Receivables)	324.59	321.52	328.66	213.28	243.69
Average Days Payable Outstanding	-	-	-	34.46	13.59
Long Term Solvency
Total Debt/Equity	7.46	4.76	5.36	2.86	2.28
Total Debt / Total Capital	6.94	4.55	5.09	2.78	2.23
LT Debt/Equity	5.23	-	2.83	1.78	1.69
Long-Term Debt / Total Capital	4.87	-	2.68	1.73	1.66
Total Liabilities / Total Assets	19.55	18.26	20.47	17.15	17.84
EBIT / Interest Expense	2.66	2.96	2.03	2.94	2.92
EBITDA / Interest Expense	2.88	3.15	2.15	3.02	3.01
(EBITDA - Capex) / Interest Expense	2.77	3.11	2.13	2.89	1.19
Total Debt / EBITDA	2.42	1.58	2.32	1.05	1.14
Net Debt / EBITDA	2.22	1.42	2.15	-0.39	0.52
Total Debt / (EBITDA - Capex)	2.51	1.61	2.35	1.09	2.89
Net Debt / (EBITDA - Capex)	2.3	1.44	2.17	-0.41	1.31
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.27	3.46	4.95	16.87	13.79
Gross Profit, 1 Yr. Growth %	-45.64	18.41	-18.74	24.78	-5.75
EBITDA, 1 Yr. Growth %	-44.22	7.16	-16.53	33.95	-12.98
EBITA, 1 Yr. Growth %	-46.05	8.64	-16.19	38.55	-13.38
EBIT, 1 Yr. Growth %	-46.05	8.64	-16.19	38.55	-13.38
Earnings From Cont. Operations, 1 Yr. Growth %	47.86	26.7	-13.16	72.42	58.54
Net Income, 1 Yr. Growth %	11.22	21.69	-4.5	56.16	59.02
Diluted EPS Before Extra, 1 Yr. Growth %	11.22	21.69	-4.5	56.16	59.02
Normalized Net Income, 1 Yr. Growth %	-112.3	219.17	-64.32	446.78	88.63
Net Property, Plant and Equip., 1 Yr. Growth %	8.07	9.2	11.32	13.93	21.73
Accounts Receivable, 1 Yr. Growth %	-34.39	58.63	-32.33	-12.19	82.97
Total Assets, 1 Yr. Growth %	7.18	8.14	11.7	8.73	19.68
Common Equity, 1 Yr. Growth %	8.7	10.5	9.5	13.39	19.4
Tangible Book Value, 1 Yr. Growth %	8.7	10.5	9.5	13.39	19.4
Cash From Operations, 1 Yr. Growth %	-4.62K	27.72	-110.89	-2.45K	-83.16
Capital Expenditures, 1 Yr. Growth %	12.57	-59.72	-34.43	438.77	1.13K
Levered Free Cash Flow, 1 Yr. Growth %	-205.64	78.33	-157.14	166.27	-139.99
Unlevered Free Cash Flow, 1 Yr. Growth %	-353.35	56.53	-126.85	126.27	-128.4
Dividend Per Share, 1 Yr. Growth %	10.71	16.13	5.56	13.16	16.28
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.91	2.86	4.2	10.75	15.32
Gross Profit, 2 Yr. CAGR %	-25.77	-19.78	-1.91	2.75	8.45
EBITDA, 2 Yr. CAGR %	-24.28	-22.68	-5.42	5.74	7.97
EBITA, 2 Yr. CAGR %	-25.68	-23.45	-4.58	7.76	9.55
EBIT, 2 Yr. CAGR %	-25.68	-23.45	-4.58	7.76	9.55
Earnings From Cont. Operations, 2 Yr. CAGR %	-8.58	36.87	4.9	22.37	65.34
Net Income, 2 Yr. CAGR %	-8.48	16.34	7.8	22.12	57.58
Diluted EPS Before Extra, 2 Yr. CAGR %	-8.48	16.34	7.8	22.12	57.58
Normalized Net Income, 2 Yr. CAGR %	20	-37.35	6.72	39.68	221.16
Net Property, Plant and Equip., 2 Yr. CAGR %	8.03	8.63	10.25	12.62	17.77
Accounts Receivable, 2 Yr. CAGR %	-4.24	2.01	3.61	-22.91	26.75
Total Assets, 2 Yr. CAGR %	7.63	7.66	9.91	10.21	14.3
Common Equity, 2 Yr. CAGR %	9.25	9.59	10	11.43	16.35
Tangible Book Value, 2 Yr. CAGR %	9.25	9.59	10	11.43	16.35
Cash From Operations, 2 Yr. CAGR %	1.51	659.39	-62.71	65.58	98.86
Capital Expenditures, 2 Yr. CAGR %	-42.2	-32.66	-48.61	87.96	715.3
Levered Free Cash Flow, 2 Yr. CAGR %	-23.25	37.25	0.95	46.95	8.05
Unlevered Free Cash Flow, 2 Yr. CAGR %	3.15	99.14	-35.18	41.14	-16.43
Dividend Per Share, 2 Yr. CAGR %	11.36	13.39	10.72	9.29	14.71
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.92	0.52	3.55	8.26	11.75
Gross Profit, 3 Yr. CAGR %	-14.16	-13.27	-19.43	7.72	-0.17
EBITDA, 3 Yr. CAGR %	-11.4	-14.99	-20.68	6.21	-0.91
EBITA, 3 Yr. CAGR %	-12.93	-15.65	-21.1	8.05	0.2
EBIT, 3 Yr. CAGR %	-12.93	-15.65	-21.1	8.05	0.2
Earnings From Cont. Operations, 3 Yr. CAGR %	-1.8	1.93	17.61	23.79	33.4
Net Income, 3 Yr. CAGR %	-2.47	0.64	8.93	21.98	33.36
Diluted EPS Before Extra, 3 Yr. CAGR %	-2.47	0.64	8.93	21.98	33.36
Normalized Net Income, 3 Yr. CAGR %	-32.04	66.26	-48.07	83.98	54.4
Net Property, Plant and Equip., 3 Yr. CAGR %	9.33	8.42	9.52	11.47	15.58
Accounts Receivable, 3 Yr. CAGR %	27.07	13.3	-11.03	-1.95	2.83
Total Assets, 3 Yr. CAGR %	9.31	7.8	8.99	9.51	13.43
Common Equity, 3 Yr. CAGR %	11.6	9.66	9.56	11.12	14.02
Tangible Book Value, 3 Yr. CAGR %	11.6	9.66	9.56	11.12	14.02
Cash From Operations, 3 Yr. CAGR %	-35.75	9.58	84.49	51.85	-22.71
Capital Expenditures, 3 Yr. CAGR %	-44.05	-48.75	-33.26	12.48	251.92
Levered Free Cash Flow, 3 Yr. CAGR %	-39.62	1.65	2.49	56.74	-1.8
Unlevered Free Cash Flow, 3 Yr. CAGR %	-35.47	18.53	2.11	46.09	-14.97
Dividend Per Share, 3 Yr. CAGR %	11.27	12.92	10.72	11.52	11.57
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.78	4.27	2.83	4.5	8.11
Gross Profit, 5 Yr. CAGR %	-0.9	-0.56	-9.46	-7.19	-8.53
EBITDA, 5 Yr. CAGR %	-0.44	-0.52	-9.05	-7.23	-10.27
EBITA, 5 Yr. CAGR %	-1.29	-1.12	-9.68	-6.97	-10.03
EBIT, 5 Yr. CAGR %	-1.29	-1.12	-9.68	-6.97	-10.03
Earnings From Cont. Operations, 5 Yr. CAGR %	26.42	9.83	0.82	9.66	34.78
Net Income, 5 Yr. CAGR %	19.17	7	1.52	8.73	26.27
Diluted EPS Before Extra, 5 Yr. CAGR %	19.23	7	1.52	8.73	26.27
Normalized Net Income, 5 Yr. CAGR %	-25.17	12.71	-18.6	55.07	7.63
Net Property, Plant and Equip., 5 Yr. CAGR %	10.09	9.88	9.7	10.08	12.75
Accounts Receivable, 5 Yr. CAGR %	-5.78	6.06	17.11	-2.87	2.5
Total Assets, 5 Yr. CAGR %	8.89	7.41	9.55	8.76	11.09
Common Equity, 5 Yr. CAGR %	12.3	12.08	10.96	10.36	12.23
Tangible Book Value, 5 Yr. CAGR %	12.3	12.08	10.96	10.36	12.23
Cash From Operations, 5 Yr. CAGR %	-23.54	15.64	-48.32	29.25	92.78
Capital Expenditures, 5 Yr. CAGR %	9.88	-17.38	-45.92	-13.82	81.63
Levered Free Cash Flow, 5 Yr. CAGR %	-26.58	-14.16	-25.84	17.8	12.27
Unlevered Free Cash Flow, 5 Yr. CAGR %	-6.07	-6.15	-35.35	27.1	19.51
Dividend Per Share, 5 Yr. CAGR %	-	-	11.05	11.46	12.3