First Mutual Properties eyes ZSE delisting

First Mutual Properties Limited is seriously considering pulling out of the Zimbabwe Stock Exchange. Ongoing talks could shake up its stock price.

Delisting evaluation

• FMP is mulling over a delisting from the ZSE, which could impact its stock price.
• The company warned shareholders to be cautious while negotiations are underway.
• The delisting talks are still in early stages, pending final agreements and approvals.

Stock performance ups and downs

• FMP’s market cap hit US$57.8M in 2023, up from US$22.02M in 2022.
• In 2024, despite a loss, its market cap rose to US$59.11M.
• By December 2025, its market cap plummeted to US$39.36M.

Profits and losses

• In 2023, FMP posted a US$93.32M profit from fair value gains.
• In 2024, a fair value loss dropped the company to a US$57.28M loss.
• By September 2025, FMP rebounded with a US$1.8M profit after tax.

Investor sentiment

• Despite volatility, investors remained confident in FMP’s assets and rental income potential.
• FMP plans to issue further updates when there are major changes to report.