Cafca Delivers Strong Q3 Growth as Export Revenue and Cost Discipline Drive Profitability

Cafca said export volumes stood at 106 tonnes in the quarter to June 30, 2023 compared to 91 tonnes in the same period last year. (File Picture)

HARARE — Cafca Limited reported a robust performance for the third quarter ended 30 June 2026, with double-digit volume and revenue growth supported by domestic monetary stability and improved export conversion, despite mounting pressure from global supply chain disruptions.

The trading environment during the quarter was characterised by domestic monetary stability and growth in export revenue. This was, however, tempered by unprecedented geopolitical shockwaves that continued to affect global supply chains and push up the cost of key imported inputs.

Sales volumes for the year to date improved by 20% compared to the previous year. Local volumes were up 21%, while exports grew by 8%, reflecting better conversion of opportunities presented by the stable trading environment.

Third quarter volumes were particularly strong, rising by 32% compared to the same period in the prior year. The improvement reflects better demand conditions and operational efficiencies, despite escalating costs of raw materials emanating from ongoing supply chain shockwaves.

Year to date revenue was up 31% on prior year, driven by volume growth and price adjustments made in sympathy with escalating raw material costs. On a year-to-date basis, raw material costs were up 36% compared to prior year.

Profit before tax was 147% ahead of prior year. The significant growth was driven by improved operating leverage and the impact of cost containment measures implemented to offset supply chain-induced inflation.

The outlook remains positive. Management expects continued support from monetary stability, export-led growth, and ongoing investments in productive sectors to underpin demand for the Company’s products.

Cafca remains focused on leveraging its strong market position, optimising production efficiencies, and managing input cost pressures to sustain profitability and deliver value to stakeholders in the final quarter of the financial year.

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