Rutendo Mazhindu- Zim Now Reporter
ZECO Holdings Limited has reported a sharp increase in revenue to ZWG$2,062,125 for the half year ended June 30, 2025, up from ZWG$689,591 recorded in the same period last year, representing a 199 percent surge.
The group also recorded other income from rentals amounting to ZWG$6,058,865, which significantly boosted overall profitability.
Total assets closed the period at ZWG$85.77 million, down from ZWG$147.04 million in December 2024.
No dividend was declared for the review period.
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ZECO Holdings chairman, Dr. Engineer Benson Rafemoyo, said the group had managed to withstand a difficult economic environment, supported by a stable Zimbabwe Gold currency and improved foreign currency availability.
“The operating environment was subdued, with signs of recovery in the mining sector. The ZWG currency remained stable due to tight monetary policy by the authorities, while the foreign currency market showed improvement on a willing-buyer, willing-seller basis,” Rafemoyo said.
He added that the economy was expected to expand by six percent in 2025, a development that would create opportunities in sectors such as manufacturing and construction, where ZECO operates.
Executive director Mr. Benedict Chiyangwa said the company was actively pursuing new growth avenues to strengthen cashflows.
“The group is actively applying for new tenders and exploring additional revenue streams, including construction projects under Dingani Investments, while also maximising rental income from Crittal Hope,” Chiyangwa said.
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