2025 Half Year Results

2025 Half Year Results

The Group’s Net Property Income (NPI) was US$2,223,985, while revenue totalled US$4,468,294 (HY 2024: US$4,342,779). Rental income remains the main source of revenue. An improvement in pure US dollar rentals, timely rental reviews and relatively good occupancy of 85% underpinned the revenue growth achieved during the review period. Further, the rental collection rate was 73% compared with 56% in the corresponding period last year.

Why invest in First Mutual Properties limited?

A Trusted Real Estate Partner for Sustainable, Long-Term Value

First Mutual Properties Limited is a listed real estate investment company offering investors access to a resilient and diversified property portfolio across Zimbabwe’s key urban centres. With a strategic focus on high-growth sectors such as suburban office parks, retail centres, and student accommodation, FMP continues to deliver strong operational performance and sustainable earnings. Our approach combines disciplined asset management, ESG integration, and digital innovation to create enduring value for shareholders. Backed by a highly experienced leadership team and robust governance structures, FMP is positioned to thrive in a transforming property market.

2025 Half Year Results

Elisha K. Moyo, Chairman of the Board

Your Company will leverage its strong asset base and leadership to sustain the business operations in the future. Elevated focus will be put on rental collections, prudent financial management, agility and operational excellence.

Performance Highlights

2025 Half Year Results

The Group’s Net Property Income (NPI) was US$2,223,985, while revenue totalled US$4,468,294 (HY 2024: US$4,342,779). Rental income remains the main source of revenue. An improvement in pure US dollar rentals, timely rental reviews and relatively good occupancy of 85% underpinned the revenue growth achieved during the review period. Further, the rental collection rate was 73% compared with 56% in the corresponding period last year.

  • Revenue (US$)

    4.47 million

    HY2024: 4.34 million

    3%

  • Net Property Income (US$)

    2.22 million

    HY2024: -53.17 million

    104%

  • Total Assets (US$)

    138.17 million

    HY2024: 136.95 million

    1%

Governance

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