By Jones Gadama
Malawi Property Investment Company, Mpico PIC, has posted a sharp rise in earnings, with profit after tax climbing to K19 billion for the 2026 financial year, up from K12 billion recorded in the 2024 and 2025 financial period.
Mpico PIC General Manager Stella Sokosa announced the results in Blantyre on Monday during a stakeholders’ engagement organized by the company.
Speaking to reporters after the meeting, Sokosa attributed the growth to increased rental collections and gains in the fair value of the firm’s property portfolio. Strong occupancy across commercial and retail spaces boosted income, while revaluation of assets reflected higher market prices for prime real estate.
Despite the improved bottom line, Sokosa noted a challenge in government tenancy. Rental arrears owed by public institutions rose to K7.24 billion as of 31 December 2025.
The outstanding amount remains a concern for cash flow, even as the company continues to pursue collection efforts with relevant government departments.
Looking ahead, Sokosa said student housing is emerging as a promising segment.
Demand for accommodation near both public and private universities is growing, but she observed that most new developments are being driven by small and medium-scale investors rather than large firms.
She also pointed to the 2024 Sectional Titles Act as a potential game-changer for Malawi’s property market. The law allows individual ownership of units within a larger building while sharing common areas.
Sokosa said the legislation could encourage more investment, make better use of urban land, and support modern, high-density development in cities.
Mpico PIC remains one of Malawi’s leading listed property firms, with a portfolio that includes office blocks, shopping malls, and residential units.
Stakeholders at Monday’s meeting welcomed the profit growth but urged faster action on government debt and more private sector involvement in student housing.
