CFI’s revenue declined 5.46% to ZWG2.72 billion in the year ended September 30, 2025, largely due to increased competition from the informal sector. The Group’s retail operations contributed 83.53% to turnover, while food manufacturing and down-packing operations contributed 12.99%. Farming operations accounted for 2.82% of turnover.
The company returned to profitability, recording a profit before tax of US$448 million, compared to a loss of US$875 million in 2024.
The informal sector’s growth, characterized by cash transactions and non-compliance with tax and labour laws, posed significant challenges to formal retailers. Despite this, CFI’s Farm & City Centre saw a 19% increase in sales volumes, driven by improved agricultural product sales.
The Group recognized unrealized exchange gains of ZWG447.9 million on foreign currency-denominated loans, resulting in a profit before tax of ZWG448.26 million, compared to a loss of ZWG875.04 million in the prior year.
CFI invested ZWG84.79 million in property, plant, and equipment, focusing on re-tooling and plant spares for Glenara Estates and Victoria Foods. The company remains cautiously optimistic, prioritizing sharp procurement strategies and investments in milling operations to drive long-term competitiveness.
The company did not declare a dividend during the year due to its debt position.
