Nyashadzashe Ndoro – Chief Reporter
Masimba Holdings Limited has posted a solid performance for the quarter ended September 30, 2025, supported by a relatively stable macroeconomic environment and improved operational efficiencies.
The Zimbabwe Stock Exchange-listed construction and engineering group highlighted sustained progress in revenue recovery and financial stability during the period.
In its trading update, the company noted that the operating environment was characterised by declining inflation and reduced exchange rate volatility. The Zimbabwe Gold (ZWG) exchange rate depreciated by 3.3% between December 2024 and September 2025, while average month-on-month inflation for the year stood at 1.4%.
Masimba attributed this stability to continued tight monetary policy, although limited ZWG availability continued to constrain market liquidity.
Despite these constraints, the Group said it maintained efficient working capital management to ensure operational continuity and financial resilience.
Masimba recorded a 16% increase in revenue for the quarter to US$16.6 million, attributed to intensified revenue-generation efforts following a slow start to the year due to a prolonged rainy season. Year-to-date revenue has now aligned with the prior year’s performance.
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Net profit after tax came in at US$5.7 million, a 7% decline from 2024, marking a notable recovery from the 20% shortfall reported at half-year.
The company reported a strong and diversified order book, reflecting a more balanced mix of public and private sector projects. Liquidity also strengthened, with the current ratio improving to 1.37 from 1.23 last year, supported by improved working capital management and a healthier revenue composition.
Masimba reaffirmed its commitment to international best practices, maintaining certification under ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and ISO 45001:2018 (Occupational Health and Safety).
The Group recorded a zero Lost Time Injury Frequency Rate, consistent with the previous year, underscoring its strong safety culture.
The group expects the operating environment to remain relatively stable through year-end, with Zimbabwe’s GDP projected to grow by 6.5% in 2025, driven largely by recovery in the mining sector.
Masimba said it anticipates sustaining profitability and growth, supported by expansion in mining developments and ongoing government infrastructure investments.
“The Group therefore expects to remain profitable and maintain its growth trajectory, anchored by expansion in the mining sector and continued infrastructure investment by government,” the update noted.
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