Masimba Holdings has reported a resilient performance for the six months ended June 30, 2025, demonstrating its ability to navigate a challenging macroeconomic environment. 

The company recorded a revenue of ZWL$22.2 billion, up from ZWL$15.5 billion in the same period last year, while gross profit surged to ZWL$3.4 billion from ZWL$1.4 billion in 2022. Profit before tax rose to ZWL$2.3 billion, compared to ZWL$1.0 billion the previous year.

In his chairman’s statement, the company’s Chairman Gregory Sebborn said, “The group’s financial outcome for the six-month period remained resilient, ending the reporting period on a solid foundation.”

The company has been operating in a volatile environment characterized by inflation, currency distortions, and rising borrowing costs. 

“The operating environment remains relatively volatile, with significant inflation and unpredictable foreign currency rates impacting both the cost and availability of inputs,” the Chairman noted. 

Despite these challenges, Masimba Holdings has adapted its business model to maintain stability.

Masimba Holdings’ growth has been underpinned by strategic investments in operational efficiencies, product innovation, and an expanded distribution network. 

Sebborn highlighted, “Investment in operational efficiencies, route-to-market initiatives, and product innovation have contributed to our performance. 

The expansion of our distribution network and rationalization of supply chains have enabled us to better serve our customers.”

Key initiatives over the reporting period included enhancing production capacity through new equipment, repairs and replacement of critical plant machinery, focused marketing activities to boost brand visibility, and ongoing operational cost-containment measures.

The company has maintained tight control over operating costs despite inflationary pressures, resulting in solid financial returns. Net assets stood at ZWL$12.5 billion, up from ZWL$7.2 billion, while the closing cash balance reached ZWL$3.1 billion. 

“Cash generated from operations has supported further investments in plant and machinery, enabling us to continue modernizing operations and ensuring sustainability,” the Chairman said.

Masimba Holdings is also prioritizing health, safety, and environmental sustainability. The Chairman stated, 

“The Occupational Health and Safety Assessment System remains a key area of ongoing work, with continued investment in safety training and infrastructure upgrades. We remain committed to international compliance.”

On environmental responsibility, he added, “Our operations are undertaken with a view to reduce waste, optimize energy and water usage, and minimize the environmental footprint.”

Despite ongoing macroeconomic volatility, the Board remains confident in the company’s strategy. 

“Our strategy, investments in operational efficiencies, and focus on customer-centricity will deliver sustainable growth,” the Chairman affirmed. In light of the strong half-year results, the Board has recommended the payment of an interim dividend, following the company’s established policy.

The company also reported no changes to its board during the period and expressed gratitude to employees and stakeholders for their support. 

“On behalf of the Board, I wish to thank our valued stakeholders for their continued support. Special appreciation goes to our employees for their dedication and commitment,” the Chairman concluded.