Communication - Presse

Mozambique: State revenue from megaprojects plunges 41%

Mozambique’s state revenue from Large-Scale Projects in the mining, hydrocarbons and metallurgical sectors fell by almost 41% in 2025 to 11,680 million meticais (€157m), according to official data.

According to the General State Account (CGE) approved by the government, consulted by Lusa on Wednesday and now due to be submitted to parliament, this performance — excluding concession dividends — compares with the 19,652 million meticais (€264.5m) paid by these companies in the 2024 financial year.

Last year, these companies paid the state 4,902.76 million meticais (€66m) in Corporate Income Tax (IRPC), 2,639.65 million meticais (€35.5m) in Personal Income Tax (IRPS), while the remaining 4,137.84 million meticais (€55.7m) came from VAT, royalties and other taxes, the government explains in the document.

Large-Scale Projects (PGD) and Business Concessions (CE) operate in the mining, hydrocarbons and metallurgical sectors, and their contribution “depends on the links they establish with the economy”, including “productive linkages” through the development of supplier and consumer networks or technological transfer. It also includes job creation and fiscal contributions, savings and foreign reserves, the government explains in the 2025 CGE.

In the General State Account, the government states that “it was observed that in 2025, the PGDs and CEs recorded an overall loss of 12,199 million meticais (€164.2m)”, an improvement of 65.61% compared with the 2024 results, when total losses reached 35,468 million meticais (€477.4m).

It adds that the results were influenced by losses recorded by Mozal (aluminium), Vulcan (coal) and Minas do Rovuboè, which together posted total losses of 49,587.48 million meticais (€667.4m).

“This thereby offset the profits reported by Sasol, Areias Pesadas de Moma, Midwest Africa and Ncondezi, totalling 37,388.85 million meticais (€503.2m),” the General State Account concludes.

https://clubofmozambique.com/news/mozambique-state-revenue-from-megaprojects-plunges-41/