Zambeef first-half profit jumps more than 100pc

25th Jun 2026 15:50

(Sharecast News) - Zambeef reported a 108.3% jump in first-half profit in kwacha terms on Thursday, helped by improved margins, easing inflation, a stronger local currency and better power availability.

The AIM-traded, Zambia-focused cold chain food and retail group said revenue rose 2.3% to ZMW 3.93bn in the six months to 31 March, while gross profit increased 7.2% to ZMW 1.51bn.

Operating profit grew 30.2% to ZMW 322.7m, and profit before tax rose 58.0% to ZMW 82.8m.

Chief executive Faith Mukutu said the performance demonstrated Zambeef's "agility and adaptability in navigating a period of significant economic transition", adding that the group was well positioned for continued growth in the second half after the completion of British International Investment's preference share conversion.

At 1017 BST, shares in Zambeef Products were up 5.26% at 5p.

Reporting by Josh White for Sharecast.com.

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