Airports of Mozambique Reports 2025 Profit but Negative Equity of 857 Million Meticais

Airports of Mozambique posted a profit of 637 million meticais in 2025 after a loss of 1.5 billion meticais in 2024, even as its share capital reached negative 857 million meticais, equivalent to 13.4 million U.S. dollars. The company's main business involves operating airport infrastructure, with LAM, Mozambique Airlines, serving as its primary client.

Receivables from LAM overdue by more than a year total approximately 1.1 billion meticais.

On instructions from the Institute for the Management of State Holdings, the company executed a set-off of accounts offsetting receivables from LAM against payables to the Mozambican State and other public entities of about 3.8 million meticais. This action led to a reversal of impairment charges previously recorded against those receivables amounting to approximately 25 billion meticais.

IGEPE has provided financial backing to support ongoing operations.

Deloitte expressed uncertainty over the operational continuity of the company due to the negative share capital. The auditor noted that a material uncertainty may cast significant doubt on the entity's ability to continue as a going concern. The 2025 financial statements listed total debt of 14.1 billion meticais, of which 929.7 million meticais was short-term debt.