The outlook for this year was revealed this Tuesday, the day on which the company also presented its results for the 2024 financial year.
"For 2025, Bodiva reinforces its commitment to diversifying and boosting the capital market, promoting the listing of new companies and stimulating retail and institutional investment, both domestic and foreign", the company said in a statement sent to VerAngola.
On the occasion, the president of Bodiva's Executive Committee, Cristina Lourenço, stated that the company's commitment involves consolidating the capital market.
"Our commitment is clear: to consolidate the capital market as the central financing mechanism for the national economy. We will continue to work to ensure that Bodiva is increasingly robust, efficient and transparent, ensuring value for investors and for the country", she said.
Regarding the results obtained in 2024, the company states that, despite the macroeconomic challenges, it maintained its "commitment to transparency, efficiency and development of the Angolan capital market".
In numerical terms, the company says that turnover reached 5,102 million kwanzas, while EBITDA (earnings before interest, taxes, depreciation and amortization) stood at 27 percent.
"Turnover reached 5,102 million kwanzas, representing a reduction of 27 percent compared to the same period last year. EBITDA fell by 49 percent, standing at 27 percent. Net assets totaled 9,749 million kwanzas, a reduction of three percent compared to the previous year, while net income stood at 1,333 million kwanzas, 57 percent less than in 2023", the note reads.
According to Bodiva, the results reflect not only the dynamics of the market, but also the "challenges imposed by the economic and financial context, which affected investor behavior and market liquidity".
"The adverse macroeconomic situation, marked by changes in the public debt management strategy and adaptation to the new intermediation model, influenced Bodiva's trading volume and financial indicators", the company further explains.
However, 2024 will go down in the entity's history as the year in which, "after a decade of activity, Bodiva became a listed company".
"The completion of the public offering demonstrated investor confidence, with a demand ratio of 778.9 percent at a maximum price of 13,259 kwanzas, reinforcing the credibility and solidity of the company and the market it manages", the company points out.
Still within the scope of companies' listing, Bodiva also highlights the entry into trading of ENSA and the public offering of ACREP.
"The primary market recorded the listing of ENSA and the public offering of ACREP. In the secondary market, the amount traded reached 6,055 billion kwanzas, through 10,328 transactions, 105 percent more than in the period of 2023, representing a reduction of -22.43 percent compared to December 2023. This variation is essentially due to the change in the public debt management strategy and the adaptation of new members to the intermediation model", the statement indicates.
As for dividends, Bodiva highlights the balance between growth and shareholder returns.
Thus, the note adds, the company's dividend policy "balances shareholder returns with the need for strategic reinvestment, especially in phases of growth and institutional transformation".
"In the 2024 financial year, although it was the year with the lowest absolute value distributed in dividends, this decision is a direct result of the exceptional context that marked the period: Bodiva's listing on the stock exchange", explains the company.
Faced with an individual net profit of around 1.3 billion kwanzas, "the shareholders approved the following allocation: 27 percent for legal reserves, reinforcing the solidity and financial sustainability of the institution; 29 percent for retained earnings, intended to finance strategic projects for the development and consolidation of Bodiva as a listed entity; 44 percent for dividends, reflecting the ongoing commitment to shareholder remuneration".
According to Bodiva, partially retaining profits "not only guarantees the resources necessary to strengthen Bodiva's technical, operational and strategic capacity, but also supports its development at a crucial time for the consolidation of the Angolan capital market".
