Trading Statement
Zambeef Products Plc anticipates a 26% increase in Zambian Kwacha Total Basic Earnings per Share for the year ended 30 September 2025 compared to the prior year, driven by strong operational performance, volume growth, and cost management, further bolstered by an improved deferred tax expense position. Despite challenges from an energy crisis impacting production costs and limited consumer spending, the company's vertically integrated model and a positive shift in macroeconomic fundamentals towards year-end contribute to optimism. The Group expects to release its full year results by early December 2025.
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In accordance with the Lusaka Securities Exchange ("LuSE") Listings Requirements, the Board of Directors of Zambeef Products Plc (the "Company" or the "Group") hereby advises the shareholders of the Company that the Zambian Kwacha Total Basic Earnings per Share for the year ended 30 September 2025 is expected to be 26% higher than that of the corresponding financial period ended 30 September 2024. This financial performance is consistent with the Company's Full Year Trading Update of 5 November 2025 and also benefits from a now updated and improved expected position, in relation to deferred tax expense.
As previously announced in the Full Year Trading Update, this financial performance has been delivered through strong underlying operational performance, volume growth and disciplined cost management, despite facing a challenging economic environment.
During the financial year under review Zambeef focused on, increasing revenue through volume growth and pricing efficiency, and cost optimization. These combined efforts resulted in growth in Operating Profit and Profit Before Tax compared to the prior year, demonstrating the strength of the Group's vertically integrated business model in delivering long-term value to shareholders. Additionally, the bumper harvest season began to yield cost benefits across the value chain, particularly in the last quarter of the financial year.
The ongoing energy crisis has created a persistent power supply deficit, posing a significant challenge for both the economy and our Group. This situation has led to higher production costs due to reliance on costly backup and imported power, negatively affecting our profit margins.
The Group navigated a challenging operating and economic landscape characterized by limited consumer spending. However, we are optimistic for the outlook as we observed positive developments in macroeconomic fundamentals towards the end of the financial year, indicating a favorable response to monetary and fiscal policy measures.
The Group expects its results for the financial year ended 30 September 2025 to be released by the beginning of December 2025. Shareholders are advised that the information contained in this Trading Update has not been reviewed nor reported on by the Company's external auditors.
Issued in Lusaka, Zambia on 24 November 2025
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