Meikles Limited has announced a strong financial performance for the six months ended August 31, 2025, with revenue increasing by 11% to ZWG6.0 billion in inflation-adjusted terms. The company’s supermarket segment, TM Supermarkets, remains the principal contributor, accounting for 98% of total revenue.
The Group’s earnings before interest, tax, depreciation, and amortization (EBITDA) rose by 74% to ZWG70.7 million, driven by strategic adaptation and operational resilience. However, the company reported an after-tax loss of ZWG165.7 million, attributed to exchange losses and rising operating costs.
The supermarket segment showed resilience, with inflation-adjusted revenue increasing by 11% to ZWG5.9 billion. The segment’s EBITDA increased to ZWG 83.2 million, up from ZWG 33 million in the previous year. The hospitality and properties segments also reported growth, with revenue increasing by 10% and 41% respectively.
The company remains optimistic about its performance for the remainder of the financial year, citing improved trading results in September and October 2025. The Board has opted not to declare an interim dividend to preserve cash and maintain a strong liquidity position.
