Axia Corporation Limited, a leading player in the Zimbabwean retail and distribution sector, has announced its unaudited abridged group financial results for the six months ended 31 December 2025. The financial results show a strong performance with revenue up 22% to US$122.031 million and profit before tax up 28% to US$8.814 million.
The company has declared an interim dividend of US$0.0020 (0.20 US cents) per share, payable to shareholders registered at the close of business on 10 April 2026.
The company’s revenue increased by 22% to US$122.031 million (2024: US$99.671 million) while profit before tax increased by 28% to US$8.814 million (2024: US$6.863 million). Net cash generated from operations rose by 239% to US$11.719 million (2024: US$3.455 million), and headline earnings per share grew by 5% to 0.61 US cents (2024: 0.58 US cents)
The company has made significant progress in its retail and distribution businesses, with TV Sales & Home and Transerv reporting strong trading results. The Distribution Group Africa (DGA) business has also performed well, with revenue growth driven by new agency wins and improved market penetration.
Chairman’s Statement:
Chairman L.E.M. Ngwerume commented, “The Group has delivered a strong performance in the first half of the financial year, driven by our focus on quality products, competitive pricing, and excellent customer service. We are pleased to declare an interim dividend, reflecting our commitment to delivering value to our shareholders.”
The company remains optimistic about its prospects, with a strong pipeline of new business opportunities and a focus on expanding its retail network and product range. The Group is well-positioned to navigate the challenges in the regional trading environment and deliver a stronger performance in the second half of the financial year.
