Tanganda Tea Company Limited, one of Zimbabwe’s leading agricultural firms, has reported a sharp decline in revenue to US$19,178,383 for the financial year ended September 30, 2025, down 26% from the previous year.
The company posted a net loss of US$4,243,958 and a loss before tax of US$5,019,589, with the board attributing the underperformance to challenging market conditions in a short-form announcement published on the Zimbabwe Stock Exchange.
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Continuing operations reflected significant pressure across profitability metrics. Basic and diluted losses per share came in at 1.63 USD cents, in line with headline losses per share. Total assets rose 5% to US$33,362,995, while total equity increased 18% to US$19,002,240. Liabilities, however, climbed 21% to US$14,360,755.
BDO Zimbabwe Chartered Accountants issued an unmodified audit opinion, confirming that the financial statements fairly present the company’s position in line with IFRS standards.
Auditors highlighted key areas such as biological asset valuations conducted using discounted cash-flow models and the verification of asset existence through drone imagery.
No dividend was declared due to the annual loss.
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