FIRST Mutual Holdings Limited (FMHL) has declared a US$2,05 million dividend for the year ended December 31, 2025, as it expands its asset management business with the listing of Zimbabwe’s first gold-focused exchange-traded fund (ETF).
On Friday, the firm listed the First Mutual Wealth Gold ETF (FMWG ETF) on the Victoria Falls Stock Exchange (VFEX) through its subsidiary First Mutual Wealth Management (Private) Limited, which manages the fund.
The FMWG ETF tracks gold-related securities listed on the Johannesburg Stock Exchange, including the 1nvest Gold ETF, Gold Fields Limited, AngloGold Ashanti Limited, Harmony Gold Mining Company and DRDGold Limited.
FMHL said the dividend and ETF listing form part of its post-turnaround strategy aimed at strengthening recurring earnings and expanding its investment footprint.
The group reported a profit after tax of US$14,32 million for the year ended December 31, 2025, reversing prior losses.
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“Notice is hereby given that the board has declared a final dividend of US$1 400 000 from the profits of the company for the year ended 31 December 2025,” FMHL said in a notice to shareholders.
“The dividend will be payable in the split of US$1 120 000 in United States dollars (0,15 cents per share) and US$280 000 in local currency (ZiG0,9679 cents per share). This brings the total dividend for the year to US$2 050 000.”
The dividend will be payable on or about May 29 to shareholders registered at the close of business on May 22.
“Shares will be traded cum-dividend on the Zimbabwe Stock Exchange up to May 20, 2026, and ex-dividend from May 21, 2026,” FMHL said.
“Applicable shareholders’ tax will be deducted from gross dividends.”
Meanwhile, the Victoria Falls Stock Exchange said it listed the First Mutual Wealth Gold ETF on Friday last week.
“The Victoria Falls Stock Exchange is pleased to announce the listing of the first exchange-traded fund — First Mutual Wealth Gold ETF,” VFEX chief executive officer Justin
Bgoni said.
“Investors are advised to consult their stockbroker or financial adviser. Trading will commence on May 11, 2026. Circuit breakers will be in place to allow for market price discovery.”
FMHL is seeking to capitalise on strong global gold prices, although the metal recently eased after posting gains earlier this year.
