Paratus Namibia invests N$256.7 million in infrastructure

CHAMWE KAIRA

Paratus Namibia invested N$256.7 million in infrastructure during the year ended 30 June 2026 (30 June 2025: N$471.4 million), comprising additions to property, plant and equipment of N$185.7 million and additions to software and other intangible assets of N$71 million.

Of this amount, approximately N$36.6 million was directed at the mobile project (30 June 2025: N$389.2 million), principally mobile core equipment and radio network additions, with the balance applied to customer fibre and Sky-Fi connections, fibrepassive infrastructure and network capacity.

“The mobile subscriber numbers are tracking the approved business case and therefore the Board is confident that the investment in the mobile network and the state-of-the-art digital software stack continues to position the group well for long-term sustainable revenue growth and market share gains,” the company said.

Paratus said the first year of mobile operations has delivered strong revenue growth, an improving margin profile through the second half and an operating profit for the year, with a materially stronger second-half performance.

The board expects the incremental revenue contribution from a maturing subscriber base to progressively absorb the launch-phase cost base and to enhance group profitability over the medium term.

The group recorded an operating profit of N$14.3 million for the year (30 June 2025: operating profit of N$58.4 million

For the year ended 30 June 2026, the group generated total revenue of N$806.1 million (30 June 2025: N$651.9 million), representing growth of 23.7%.

The loss before taxation for the year amounted to N$53.9 million (30 June 2025: profit before taxation of N$21.8 million), and the loss for the year to N$36.4 million (30 June 2025: profit of N$22.0 million).

The group’s property, plant and equipment increased to N$1,4 billion as at 30 June 2026 (30 June 2025: N$1,41 billion), reflecting continued investment in network infrastructure and the digital software stack to support the expanded operations.

“Capital commitments reduced materially against the prior year as the mobile network build programme moved from deployment into operation, with capital expenditure in the current year focused on connecting customers, densifying mobile coverage and enhancing network capacity,” the company said.