CEC Confident Share Price Will Stay Strong on Renewable Push, Says CFO
The Copperbelt Energy Corporation Plc (CEC) has expressed confidence that its share price on the Lusaka Securities Exchange (LuSE) will remain strong, citing ongoing investments in the renewable energy sector and other strategic initiatives.
Market data from LuSE shows CEC’s share price peaked at K25.96 per share on 1 September 2025, nearly doubling from K13.50 per share a year earlier. The stock closed 2025 at K19.28 per share, its lowest since June, reflecting normal market fluctuations.
CEC recorded a half-year Profit After Tax (PAT) of US$61.5 million for the period ending 30 June 2025, up from US$43.2 million in the previous period. The growth was driven by strong performance across all business segments, including local and regional power sales, as well as power wheeling. Higher gross revenues of US$360 million and a US$10.4 million write-back of impaired debt from Konkola Copper Mines Plc also contributed to the improved results.
Commenting on the share performance, CEC Chief Financial Officer, Mr. Mutale Mukuka, highlighted the company’s strategic investments. “The market is responding positively to our business strategy. Impaired debt has been addressed, renewable energy investments are contributing, and our transmission and regional SAPP partnerships are delivering value. Our integrated reporting, including IFRS 1 and S2 standards, has enhanced transparency on governance, non-financial risks, and opportunities,” he said.
CEC’s shares have demonstrated long-term growth since listing on LuSE in January 2008 at K0.45 per share. Over the last two years, the company’s Green Bond has raised US$150 million for the development of 230MW of solar power.
The Kitwe-based power utility is widely expected to declare dividends to its 10,816 shareholders, a move underpinned by its consistent financial performance and investor-friendly policies.
