Online Reporter
Business Reporter
Seed Co Limited has announced a strong financial performance for the full year ended 31 March 2025, with revenue surging by 93 percent to $71,2 million and profit after tax(PAT) reaching $17,5 million.
Group CEO Morgan Nzwere presented the audited results, highlighting significant growth anchored by increased sales volumes and strategic investments.
Zimbabwe’s operations saw a 52 percent volume increase, driven by both local and export markets, with maize remaining the dominant product.
Regionally, however, sales dropped by 9 percent due to stockouts in Malawi, Tanzania, and Zambia, coupled with delayed rains in Kenya and Botswana, and political disturbances in Mozambique.
Despite these challenges, Tanzania and Malawi recorded volume growth, and Seed Co made a debut sale of 841 metric tonnes in Ethiopia.
Production and processing saw successes with a new packing line in Zimbabwe and an additional warehouse in Zambia, now serving as a regional hub. Challenges included climate change impacts, seed shortages, increasing competition for growers, and power outages.
The company’s balance sheet remains robust, supported by land and research and development assets.
Despite a $1.1 million negative operating cashflow,primarily due to delayed government receipts,net borrowings of $5 million
