REG - Zambeef Products PLC - Full Year Trading Update

Zambeef ProductsAnnouncement

05/11/2025 11:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251105:nRSE3157Ga&default-theme=true

RNS Number : 3157G  Zambeef Products PLC  05 November 2025

 

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the
Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication
of this announcement, this information is now considered to be in the public
domain.

 

 

ZAMBEEF PRODUCTS PLC

("Zambeef: of the "Group")

[Incorporated in the Republic of Zambia] Company registration number: 31824

Share Code: ZAMBEEF

ISIN: ZM0000000201

 

Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business
with operations in Zambia, Nigeria and Ghana provides the following trading
update for the year ended 30 September 2025.

 

The Group anticipates Revenue being moderately ahead of market expectations,
and that Operating Profit will broadly align with market expectations (both in
USD). This financial performance has been delivered through strong underlying
operational performance, volume growth and disciplined cost management,
despite facing a challenging economic environment.

 

Profit Before Tax (in USD) is anticipated to fall short of market expectations
by approximately 10% to 15%, due to rising financing costs. Profit After Tax
(in USD) is expected to be 20% to 25% lower than market expectations, and this
is due to the increased finance costs as referred to above and due to a higher
tax expense, this year, caused by timing differences in how some costs are
accounted for tax purposes; these timing differences increased the deferred
tax expense.

 

During the financial year under review, Zambeef focused on increasing revenue
through volume growth and pricing efficiency, and cost optimisation. These
combined efforts resulted in growth in Operating Profit and Profit Before Tax
compared to the prior year, demonstrating the strength of the Group's
vertically integrated business model in delivering long-term value to
shareholders. Additionally, the bumper harvest season began to yield cost
benefits across the value chain, particularly in the last quarter of the
financial year.

 

The ongoing energy crisis has created a persistent power supply deficit,
posing a significant challenge for both the economy and our Group. This
situation has led to higher production costs due to reliance on costly backup
and imported power, negatively affecting our profit margins.

 

The Group navigated a challenging operating and economic landscape
characterised by limited consumer spending. However, we are optimistic for the
outlook as we observed positive developments in macroeconomic fundamentals
towards the end of the financial year, indicating a favourable response to
monetary and fiscal policy measures.

 

The Group expects its results for the financial year ended 30 September 2025
to be released by the end of December 2025. Shareholders are advised that the
information contained in this Trading Update has not been reviewed or reported
on by the Company's external auditors.

 

For further information, please visit www.zambeefplc.com
(http://www.zambeefplc.com/)  or contact:

 

 Zambeef Products plc                                          Tel: +260 (0) 211 369003
 Faith Mukutu, Chief Executive Officer
 Patrick Kalifungwa, Chief Financial Officer
 Cavendish Capital Markets Ltd (Nominated Adviser and Broker)  Tel: +44 (0) 20 7220 0500
 Ed Frisby/Isaac Hooper (Corporate Finance)
 Tim Redfern (ECM)
 Autus Securities Limited                                      Tel: +260 (0) 761 002 002
 Mataka Nkhoma, Sponsoring Broker

 

About Zambeef Products plc

 

Zambeef Products plc is the largest integrated cold chain food products and
agribusiness company in Zambia and one of the largest in the region, involved
in the primary production, processing, distribution and retailing of beef,
chicken, pork, milk, dairy products, fish, flour and stockfeed, throughout
Zambia and the surrounding region, as well as Nigeria and Ghana.

 

It has 270 retail outlets throughout Zambia and West Africa.

 

The Company is one of the largest suppliers of beef in Zambia. Five beef
abattoirs and three feedlots are located throughout Zambia, with a capacity to
slaughter 234,000 cattle a year. It is also one of the largest chicken
producers in Zambia, with a capacity of 12.5 million broilers and 31
million-day-old chicks a year. It is one of the largest pig abattoirs and pork
processing plants in Zambia, with a capacity to slaughter 102,000 pigs a year,
while its dairy has a capacity of 140,000 litres per day.

 

The Group is also one of the largest cereal row cropping operations in Zambia,
with approximately 7,256.1 hectares of row crops under irrigation, which are
planted twice a year, and a further 7,940.8 hectares of rainfed/dry-land crops
available for planting each year.

 

Issued in Lusaka, Zambia on 5 November 2025

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTFLFFLLILEIIE



            Copyright 2019 Regulatory News Service, all rights reserved