CEC Renewables Reports 236% Surge in Half-Year Earnings
CEC Renewables Limited has announced a sharp rise in earnings for the half-year period ended 30 June 2025, with earnings per share (EPS) increasing by approximately 236% compared to the same period in 2024.
According to a trading statement issued by the Board of Directors, the impressive performance was largely attributed to sustained power generation from the company’s 60MW Itimpi 1 Solar PV Plant. Unlike the first half of 2024, when the plant only became operational in the second quarter, it remained fully functional throughout the first six months of 2025.
“This significant increase in EPS reflects the consistent operational output of our solar facility and reinforces our commitment to renewable energy development in Zambia,” the statement read.
CEC Renewables, which is listed on the Lusaka Securities Exchange (LuSE), cautioned shareholders that the trading update has not been reviewed by external auditors. Final results for the period are expected to be published on the Stock Exchange News Service (SENS) and in local newspapers around 7 August 2025.
Investors have been urged to exercise caution when trading in the company’s shares until the audited financials are officially released.
The trading statement was issued by Company Secretary Eric M. Hanziba and approved by both the Lusaka Securities Exchange and the Securities and Exchange Commission of Zambia. Stockbrokers Zambia Limited is acting as the sponsoring broker.
