Innscor Africa Limited, one of Zimbabwe’s largest diversified entities, has returned to US billion-dollar annual revenue a decade after its major unbundling, following a substantial expansion and investment drive.
For the financial year ended June 2025, the group reported a 19,4 percent jump in revenue to US$1,08 billion, surpassing the US$1 billion mark for the first time since the company restructured in 2015.
Innscor previously achieved the milestone of becoming a US$1 billion company in revenue in 2014, before subsequently spinning off its quick-service restaurants Simbisa Brands and distribution divisions Axia Corporation into separate, stand-alone entities a year later.
The company attributed the latest strong performance to the successful scaling up of its manufacturing capacity across all core segments, enabled by significant capital investment over the past few years.
“This performance was underpinned by strong volume momentum across all core segments, enabled by the scaling up of capacity from the numerous expansion projects that have been underway… and an acute focus on pursuing pricing strategies that ensured affordable and convenient exit pricing for the consumer,” the group stated in a statement accompanying its full year results to June 31, 2025.
With Zimplats weighed back by subdued platinum prices, Innscor is probaly the only listed US$1 billion company in Zimbabwe. The platinum miner was a US$1,3 billion revenue company in 2021, US$1,2 billion in 2022 before falling below that mark in 2023 and subsequent years.
Two other listed entities are racing to join Innscor in their next results. Delta and Econet already have their revenues above US$800 million at the last count. – Herald
