OK Zimbabwe Limited has announced a challenging half-year ended 30 September 2025, with revenue plummeting 84% to US$28.26 million, attributed to liquidity constraints and difficult operating conditions.
The company’s sales volumes also took a significant hit, declining 82.68% to 24.23 million units, resulting in a net loss of US$17.81 million, a stark contrast to the net profit of US$3.71 million reported in the same period last year.
Despite the challenges, OK Zimbabwe Limited has taken steps to stabilize its operations, implementing restructuring measures, including store closures and cost control initiatives. The company has also successfully raised US$20 million through a rights offer, although the sale of properties worth US$10.5 million is still pending.
The company remains committed to navigating through these tough times, focusing on restoring financial viability and positioning the business for sustainable growth.
