Online Reporter
Nqobile Bhebhe [email protected]
PPC Zimbabwe has declared a combined US$25 million in dividends for the current financial period, underscoring the cement producer’s stronger cash generation and earnings recovery as improved plant reliability and higher clinker self-sufficiency drive profitability.
The Zimbabwe business declared US$15 million in dividends during the five months to August 31, 2026, up from US$12 million in the comparable period, with a further US$10 million declared after the end of August.
The increased shareholder returns come as PPC Zimbabwe recorded a sharp improvement in profitability, with its earnings before interest, tax, depreciation and amortisation (EBITDA) margin rising to 34,2 percent from 19,1 percent in the comparable period.
PPC said the improvement reflected structural gains from its plant performance improvement plan, higher own-clinker production and improved operational execution.
“PPC Zimbabwe delivered another strong performance with EBITDA margin expanding to 34,2% from 19,1% in the comparable period.
“While the comparable period was impacted by an extended planned maintenance shutdown at Collen Bawn, the current results also reflect the structural benefits of improved plant reliability, higher clinker self-sufficiency and disciplined operational execution,” the group said on Monday.
The PPC group comprises the South Africa and Botswana group, which includes cement, materials and group services, and the Zimbabwean cement business.
The performance reinforces the growing contribution of Zimbabwe to PPC’s overall earnings, with group revenue increasing one percent during the five-month period despite weaker performance in the South African and Botswana cement operations.
“Positive revenue growth in Zimbabwe of 5% was offset by a 2% decline in SA and Botswana cement revenue, which reflects lower sales volumes partly recovered through improved price and product mix.”
PPC Zimbabwe remains debt-free, providing further support for cash generation and shareholder distributions.
“Cash generation remained strong, supporting increased shareholder returns.
“PPC Zimbabwe declared dividends of US$15 million during the current period compared to US$12 million in the comparable period.
“A further $10 million was declared after the end of August 2026. PPC Zimbabwe remains debt-free.”
