African Distillers Limited has delivered a robust performance for the half-year ended 30 September 2026, benefiting from Zimbabwe’s stable economic environment and growth in consumer spending. The company’s revenue increased by 40% to US$56.5 million, driven by higher volumes, a stronger product mix, and disciplined pricing.
Total sales volumes rose 35% from the prior year, with growth across the entire product portfolio. Wines grew by 65%, Ready-to-Drink (RTD) products by 39%, and Spirits by 24%. Operating income rose 23% to US$7.1 million, supported by revenue growth and better fixed-cost absorption.
The company says it remains committed to sustainable development, proactively managing environmental and social risks. Total assets increased by 26% to US$46 million, with capital expenditure reaching US$6.3 million, reflecting progress on capacity-expansion programmes.
Looking ahead, African Distillers is poised to benefit from capacity-expansion projects scheduled for commissioning from the fourth quarter, expected to drive volume growth and support product innovation. The company is also monitoring external headwinds, including the forecast Super El Niño and geopolitical tensions in the Middle East.
The company declared an interim dividend of USD 0.625 cents per share. Chairman M M Valela expressed appreciation to management, staff, and stakeholders for their continued commitment and support, positioning the company for sustainable growth and reaffirming its commitment to Zimbabwe’s agricultural sector
