REG - Zambeef Products PLC - TRADING STATEMENT

Zambeef ProductsAnnouncement

24/11/2025 10:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251124:nRSX7260Ia&default-theme=true

RNS Number : 7260I  Zambeef Products PLC  24 November 2025

 

ZAMBEEF PRODUCTS PLC

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

ISIN: ZM0000000201

 

 

In accordance with the Lusaka Securities Exchange ("LuSE") Listings
Requirements, the Board of Directors of Zambeef Products Plc (the "Company" or
the "Group") hereby advises the shareholders of the Company that the Zambian
Kwacha Total Basic Earnings per Share for the year ended 30 September 2025 is
expected to be 26% higher than that of the corresponding financial period
ended 30 September 2024. This financial performance is consistent with the
Company's Full Year Trading Update of 5 November 2025 and also benefits from a
now updated and improved expected position, in relation to deferred tax
expense.

 

As previously announced in the Full Year Trading Update, this financial
performance has been delivered through strong underlying operational
performance, volume growth and disciplined cost management, despite facing a
challenging economic environment.

 

During the financial year under review Zambeef focused on, increasing revenue
through volume growth and pricing efficiency, and cost optimization. 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
characterized 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 favorable 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 beginning of December 2025. Shareholders are advised
that the information contained in this Trading Update has not been reviewed
nor reported on by the Company's external auditors.

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.

 

 

 

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 Office
 Patrick Kalifungwa, Chief Financial Officer
 Cavendish Capital Markets Limited (Nominated Adviser and Broker)  Tel: +44 (0) 20 7220 0500
 Ed Frisby/Isaac Hooper (Corporate Finance)
 Tim Redfern (ECM)
 Autus Securities Limited (Sponsoring Broker)                      Tel: +260 (0) 211 840 513
 Mataka Nkhoma (Sponsoring Broker)
 By order of the Board

 Mwansa Mutimushi Company Secretary

 

Notes to Editors

 

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 250 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 230,000 cattle a year. It is also one of the largest chicken
producers in Zambia, with a capacity of 9.4m broilers and 31.2-million-day-old
chicks a year. It is one of the largest piggeries, pig abattoirs and pork
processing plants in Zambia, with a capacity to slaughter 75,000 pigs a year,
while its dairy has a capacity of 120,000 litres per day.

 

The Group is also one of the largest cereal row cropping operations in Zambia,
with approximately 7,787 hectares of row crops under irrigation, which are
planted twice a year, and a further 8,694 hectares of rainfed/dry-land crops
available for planting each year.

Issued in Lusaka, Zambia on 24 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  TSTPPGBWGUPAUBC



            Copyright 2019 Regulatory News Service, all rights reserved