Dairibord Holdings Limited’s revenue increased 8% to US$137.42 million in 2025, supported by higher volumes in its beverages and foods businesses despite currency volatility, rising utility costs and regulatory changes.
The group’s 2025 annual report shows that consolidated volumes grew 12% during the year, while the proportion of sales made in United States dollars increased to 96%.
Operating profit rose to US$6.78 million from US$6.22 million in 2024, while profit before tax increased 66% to US$5.34 million.
However, profit for the year fell to US$3.12 million from US$3.78 million, which the company attributed mainly to a higher tax charge.
“Dairibord Holdings Limited demonstrated commendable resilience and sustained business momentum for the 2025 financial year, navigating a complex macroeconomic environment characterised by currency transitions, utility deficits, and regulatory shifts,” the company said.
The group said its performance was driven by strong demand in its Beverages and Foods categories.
The Beverages category recorded a 17% increase in volumes, with Natural Joy juice drink volumes rising 39%.
The Foods category also recorded 17% volume growth, driven by demand for drinking yoghurt, ice cream and condiments.
Dairibord processed 42.5 million litres of raw milk during the year, maintaining its position as the country’s leading raw milk processor.
The company invested US$11.82 million in capital expenditure during the year, including a new Steri milk processing and filling line in Chipinge, a refurbished Maheu line and a bottled Cascade processing line at the Simon Mazorodze plant.
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“These investments are expected to alleviate supply constraints and drive sustained volume growth in the coming years,” the company said.
Dairibord said it would continue focusing on product quality, route-to-market efficiency and disciplined capital allocation as it seeks to grow in 2026 and beyond.
“Management remains focused on property rationalisation and capacity expansion initiatives to enhance operational efficiencies and improve overall profitability,” the company said.
The group is also planning to expand its use of renewable energy at additional operating sites to reduce reliance on the national electricity grid and support uninterrupted production.
In 2025, Dairibord commissioned the 1.2MW Greenagric Solar Park at its Chipinge factory at a cost of US$2.7 million.
The company said the investment would help stabilise processing operations while reducing its Scope 2 emissions.
Dairibord also continued supporting local dairy farmers through its Milk Supply Development Unit, which assisted more than 530 small-scale dairy farmers, 40% of whom are women.
The company said it provided veterinary support, artificial insemination programmes and solar-charged electric tricycles to improve milk collection.
Local suppliers accounted for 61% of the group’s procurement spend during the year.
Dairibord said it remained exposed to risks including currency volatility, unreliable utilities, water insecurity and regulatory changes such as the newly introduced sugar surtax.
The group declared a dividend of 0.19 US cents per share, resulting in a total payout of US$693,792.
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