Chamwe Kaira
Paratus Namibia has invested N$471.4 million in infrastructure, up from N$204.3 million the previous year.
Of this, N$381.2 million was allocated to its mobile project for equipment, site builds, and digital software to support operations.
During the build year of its mobile network, the company increased its mobile base stations by 256%, expanding coverage to more than 70% of Namibia’s population.
The remaining capital expenditure was focused on connecting customers and enhancing network capacity.
Paratus also refinanced a N$30 million note that matured on 16 September and secured an additional N$100 million in notes under the same programme to fund further network expansion.
In financial results for the year ending 30 June 2025, Paratus reported recurring revenue of N$584.4 million, up 15% from N$508.1 million in 2024.
Overall contract revenue grew by 14.6%. Recurring revenue from the mobile project reached N$12.8 million compared to nil the previous year.
Non-recurring revenue, mainly from local area network installations in the commercial office space and sales of telecommunications equipment, rose by 62.6% to N$81.3 million from N$50 million.
Paratus noted that management remains focused on growing recurring revenue rather than lower-margin non-recurring income.
Paratus recorded a net loss before taxation of N$722,000 compared to a profit of N$39.2 million the previous year.
EBITDA amounted to N$206.8 million, down from N$223.9 million. Operating expenditure increased to N$231.4 million from N$173.4 million, with N$34 million of costs attributed to the mobile project, which began in May 2024.
The company said that to sustain growth and capitalise on current momentum, the board has decided to temporarily suspend dividend payments until a better time.
Caption
Paratus has invested in a new mobile network.
- Photo: Contributed
