The Dar es Salaam Stock Exchange (DSE) has released its unaudited financial statements for the year ending December 31, 2024, and the fourth quarter of 2024, highlighting its financial performance compared to 2023.
For the full year 2024, the DSE reported a cumulative revenue of TZS 11.94 billion, slightly lower than the TZS 12.23 billion recorded in 2023.
Listing fees remained the largest revenue contributor at TZS 4.16 billion, followed by investment income at TZS 3.59 billion, which increased from TZS 3.40 billion in 2023.
Transaction fees and registry and CSD fees contributed TZS 1.71 billion and TZS 1.74 billion, respectively.
Operating costs for 2024 rose to TZS 7.38 billion, up from TZS 6.39 billion in 2023. Staff costs accounted for TZS 4.73 billion, compared to TZS 4.23 billion in the previous year.
Despite the increase in expenses, the DSE achieved a profit before tax of TZS 4.55 billion in 2024, compared to TZS 5.83 billion in 2023.
After tax, the profit stood at TZS 4.50 billion, down from TZS 5.69 billion in 2023. Basic and diluted earnings per share for 2024 were TZS 189, compared to TZS 239 in 2023.
In Q4 2024, the DSE recorded a total revenue of TZS 3.35 billion, slightly lower than the TZS 3.36 billion recorded in Q4 2023.
Listing fees contributed TZS 1.13 billion in Q4 2024, compared to TZS 1.12 billion in Q4 2023.
Transaction fees, however, declined to TZS 605.3 million in Q4 2024 from TZS 879.4 million in Q4 2023.
Investment income also decreased slightly to TZS 931.0 million in Q4 2024, compared to TZS 903.9 million in Q4 2023.
Operating costs in Q4 2024 amounted to TZS 2.19 billion, up from TZS 1.65 billion in Q4 2023, driven by higher staff costs, which rose to TZS 1.24 billion from TZS 1.01 billion.
Profit before tax for Q4 2024 was TZS 1.16 billion, compared to TZS 1.70 billion in Q4 2023. After tax, the profit for Q4 2024 stood at TZS 1.14 billion, down from TZS 1.64 billion in Q4 2023.
About DSE
The Dar es Salaam Stock Exchange is Tanzania’s primary securities exchange, facilitating the trading of equities, bonds, and other financial instruments.
Established in 1996, the DSE has been instrumental in promoting capital formation and investment opportunities in the country.
Over the years, the exchange has implemented various initiatives to enhance market accessibility and attract both local and international investors.
In 2016, DSE was demutualized and reincorporated as a public limited company and self-listed at DSE in 2017.
