BY MFANUFIKILE KHATHWANE
EZULWINI- The Industrial Development Company of Eswatini (IDCE) has officially declared dividends for the 2025 financial year, following a strong financial turnaround that saw the institution record a net profit of E103 million and grow its total assets to E1.8 billion at group level.
Delivering remarks at the dividend declaration ceremony on 18 December 2025, the Minister of Finance Neal Rijkenberg described the milestone as a clear signal of institutional recovery and maturity.
“This declaration is more than a financial milestone; it is a clear and powerful signal that IDCE has turned a decisive corner and has firmly positioned itself on a path of sustainable growth, resilience, and relevance to the national development agenda,” said Rijkenberg .
“Importantly, this achievement has been realised without the need for additional capital injections from shareholders, a testament to the institution’s growing self-sufficiency and operational maturity.”
According to the IDCE Board, the dividend declaration is backed by sustained performance over the past three years, with total assets rising from E1.1 billion in 2023 to E1.8 billion in 2025, while company-level assets increased to E1.3 billion. Net income stood at E103 million at group level and E73 million at company level.
IDCE Board Chairperson Dumisani Kunene said the results reflect disciplined growth and consistent execution of the company’s mandate.
“What is more gratifying is that this performance is driven by a growth trend that has been sustained over the past three years since 2023,” Kunene said.
“This performance reflects sustained balance sheet growth, improved profitability, and continued progress in fulfilling IDCE’s development and industrialisation mandate.”
Minister of Commerce, Industry and Trade, Manqoba Khumalo, said the dividend declaration confirms that IDCE has regained stability while remaining focused on national priorities.
“This achievement reflects a decisive turnaround by IDCE and confirms that the company has regained stability while remaining faithful to its development mandate,” said Minister Khumalo. “The declaration of dividends today demonstrates that IDCE can deliver shareholder value while contributing meaningfully to national development.”
