Chamwe Kaira
Paratus Namibia Holdings (PNH) recorded strong results for the financial year ended 2025, reflecting its transition from a data connectivity provider to a full telecommunications operator, according to Simonis Storm Securities.
Revenue rose by 14.6% to N$652 million, driven by recurring connectivity income, growing enterprise services, and the successful launch of its national mobile network in September.
Net profit stood at N$26.6 million, with earnings per share at 26.3 cents. The company reported EBITDA of N$203 million, supported by efficiency gains and early mobile network growth.
Paratus invested N$471 million in capital expenditure during 2025, focusing on mobile network infrastructure, data centres, and fibre expansion.
“This positioned the company as Namibia’s second full-service telecom operator, breaking the long-standing dominance of MTC. Early post-launch data showed mobile subscriptions more than doubling monthly averages, indicating strong demand and customer willingness to switch,” Simonis said.
Management projects annual revenue growth of between 13% and 14% through the 2028 financial year, which would raise total revenue to about N$965 million.
“Growth is expected to be led by the scaling-up of mobile services and steady market share gains as coverage expands to 90% of the population,” Simonis noted.
The company expects short-term profits to remain under pressure as infrastructure investments continue, but long-term gains are projected.
By 2028, Paratus forecasts EBITDA margins of around 40% and net margins of 9% as subscriber numbers grow and utilisation improves.
Paratus’s balance sheet remains stable, with funding supported by a N$600 million equity raise in 2024 and a N$1 billion debt programme, of which one-third has been drawn.
“Analysts view Paratus as one of Southern Africa’s few remaining telecom growth stories, distinguishing it from more mature regional players such as MTC, Vodacom, and MTN. The company’s diversification into data centres, enterprise broadband, and cloud services provides additional resilience and recurring cash flow,” Simonis said.
“The company’s 2025 financial year results reflect steady commercial traction across its core connectivity and infrastructure businesses, with gross profit margins of approximately 65% despite higher network operating and maintenance costs,” the firm added.
Paratus said its results confirm the success of its strategy to scale up as a national telecom operator while maintaining disciplined cost and capital management.
Caption
Paratus is positioning itself as Namibia’s second full-service telecom operator.
- Photo: Contributed
