Chamwe Kaira
Telecommunications company Paratus Namibia Holdings Limited says its earnings are expected to fall sharply as it absorbs the cost of its new mobile network.
In a trading statement, the company said headline earnings per share and basic earnings per share are expected to decline by more than 30% for the six months ended 31 December 2025.
The company linked the decline to costs from the rollout of its mobile business, which launched on 2 September 2025.
Paratus said operating expenses increased due to the new network.
Finance costs also rose as the company took on additional borrowing to fund infrastructure. Depreciation charges increased as the network expanded.
The company said revenue from the mobile segment is still in an early stage and has not yet reached a level that can offset the costs of the rollout.
Despite this, Paratus expects revenue to grow by between 10% and 30% compared to the same period in 2024.
The mobile rollout followed an investment of N$600 million in infrastructure and systems.
Since 2018, the company has invested about N$1.417 billion in network development.
Paratus said one third of the mobile investment was used to build a digital platform that integrates its services.
The company said profitability is expected to improve as the subscriber base grows and operations become more efficient.
Paratus entered the mobile market as Namibia’s third operator after years of preparation and capital spending.
The company expects to release its unaudited interim results on or about 30 April 2026.
