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Despite constrained power availability and transmission capacity on the local market and the wider region, CEC has demonstrated resilience and agility.
According to the company’s 2025 Integrated Annual Report, CEC has adapted its operating model and investment priorities to navigate challenges while continuing to create sustainable value.
The resilience is highlighted by steady business growth, as the Group continues to deliver on its strategy, notwithstanding complex and evolving operating environments.
As the strategy is in its final stretch, ending in 2027, the company has continued to deliver positive outcomes, reinforcing its position as a reliable energy partner to mining, industry, and other sectors.
“Our commitment to creating value for our stakeholders – particularly our shareholders remained unwavering.
“This was demonstrated through an increased dividend payout of 5.4 percent over 2024. We remain firmly focused on delivering lasting value through disciplined execution of our strategy,” said CEC Board Chairperson, London Mwafulilwa.
The company has also welcomed reforms announced by the government such as duty relief on equipment required for electricity transmission and distribution, the extension of VAT refund claims on hydroelectric power generation from seven to 10 years, exemptions for the transmission, distribution, and trading of electricity under the currency regulations, and the ongoing implementation of the Open Access framework.
“Collectively, these reforms enhance the operating environment and support the Group’s growth and investment ambitions. As the sector continues to evolve, we will continue to refine and strengthen our strategy to cement CEC’s role as a regional energy partner of choice,” said Mwafulilwa.
Meanwhile in 2025, the Group achieved a significant milestone by becoming the first locally listed company on the LuSE to attain a market capitalization of US$ 1 billion, alongside an all-time high share price of ZMW 25.80.
“We believe these achievements underscore the continued confidence of shareholders and investors in the Group’s strategic direction, governance and future growth prospects.”
Mwafulilwa said the company will continue to partner with mining and other industries, and committed to building and sustaining its social licence to operate.
