ZB Financial Holdings sees growth opportunities amid growing economic stability

Michael Tome

Business Reporter

ZB Financial Holdings Limited (ZBFH) says Zimbabwe’s growing macroeconomic stability is creating new avenues for growth across its business operations, while also supporting broader economic recovery.

The country has seen a return to more stable economic conditions since adopting its gold-backed domestic currency, ZiG in April last year, replacing the Zimbabwe dollar.

This comes as the Zimbabwe Gold (ZiG) exchange rate has averaged 26,7 per US$1 over the year, compared to ZiG15,35 at the end of 30 September 2024.

In its trading update for the year to September 30, 2025, the group said the prevailing stability marked by improved monetary discipline and moderating inflation had underpinned solid financial performance across its core business segments.

According to ZBFH, this has resulted in significant movements in the statement of profit or loss and other comprehensive income lines.

ZBFH’s revenue grew by 75 percent year-on-year to ZiG 2,86 billion, up from ZiG1,64 billion in the same period last year.

Profit after tax rose 41 percent to ZiG 0,61 billion, compared to ZiG 0,43 billion in 2024.

The group’s total assets also increased by 24 percent to ZiG 17,77 billion, from ZiG 14,38 billion, largely driven by a 56 percent growth in cash and short-term funds since December 2024.

“The relatively stable local environment offers new growth opportunities for the group and supports broader economic expansion.

“This has resulted in significant movements in the Statement of Profit or Loss and Other Comprehensive Income,” said ZBFH general counsel, Mr Tinashe Masiiwa, in a statement accompanying its update.

The Group attributed part of its positive performance to improved monetary stability.