Zimbabwe Stock Exchange Holdings more than tripled its profit after tax in the first half of 2026, as revenue growth and tighter control of operating costs translated into a sharp improvement in earnings and cash generation.
ZSEH recorded a US$1.70 million profit after tax for the six months, representing a 275.8 percent increase from the comparable period last year, according to its H1 2026 financial highlights.
Revenue increased 39.6 percent year-on-year to US$4.97 million, while operating expenditure rose by a comparatively modest 5.6 percent to US$3.17 million.
As a result, earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 196.9 percent to US$2.077 million.
ZSE Holdings chief executive Justin Bgoni said the performance reflected both the company's own results and stronger activity across Zimbabwe's capital markets.
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He attributed part of the performance to broader market activity, saying the gains came “on the back of overall market performance that is up over 100% year-on-year on both ZSE and VFEX.”
The company's closing cash balance rose 199.4 percent to US$2.27 million, while capital expenditure increased by 198.9 percent to US$30,000.
The figures show that revenue expanded substantially faster than operating costs during the period, widening the earnings base and contributing to the sharp increase in EBITDA.
The improvement comes against stronger performance on both the Zimbabwe Stock Exchange and the Victoria Falls Stock Exchange, although the statement does not provide the underlying revenue contribution from each market.
The sharp increase in cash also gives the group a stronger liquidity position heading into the second half of the year, with the closing balance reaching US$2.27 million.
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