HARARE – Zimbabwe Stock Exchange listed cement producer PPC Ltd has reported contrasting performances across its regional operations, with Zimbabwe registering significant volume growth while South Africa and Botswana delivered steady but more modest improvements, owing to the success of its “Awaken the Giant” strategy. According to the company’s operating update for the four months ended 31 July 2025, group revenue rose 4% year-on-year, supported by gains in both regional markets. Group earnings before interest, tax, depreciation and amortisation (EBITDA) grew by more than 20%, with margins improving to 15.9% from 13.7% in the prior comparable period.
Sales volumes in South Africa and Botswana increased by 2% over the comparable period, largely driven by stronger retail demand and clinker exports to Zimbabwe. EBITDA margins improved significantly to 17.7%, up from 10.3% in 2024, reflecting the impact of PPC’s turnaround strategy. The company, however, cautioned that margins are expected to normalise around 17% as plant shutdown schedules return to regular patterns in the second half of the year.
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Source: Nehanda Radio
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