Africa-Press – Zimbabwe. DAIRY producer, Dairibord Holdings Limited, will focus on expansion, cost-cutting measures and innovation, as it moves to deliver sustainable growth and value creation for the remainder of the year.
During its half-year performance ended June 30, 2025, Dairibord reported a profit after tax of US$1,2 million, down from US$3,06 million in the comparable period last year.
“The group remains focused on delivering sustainable growth and value creation through the execution of key strategic priorities,” Dairibord said in its trading update for the third quarter ended September 30, 2025.
“Namely, capital projects: Commissioning key investments to expand production capacity and improve product availability; Cost efficiency: Continuing to optimise operating costs and strengthen cash generation; Innovation: Enhancing research and development to introduce improved and new product offerings, thereby broadening the portfolio and deepening market competitiveness.”
Dairibord said the board remained confident that the group’s strategy and operational focus would sustain growth momentum and position the firm for improved performance in the medium to long term.
During the third quarter, the group maintained a strong focus on operational resilience and efficiency, while adapting to a market landscape increasingly influenced by the growth of the informal sector and subdued performance in the formal retail segment.
“The group procured 10,8 million litres of raw milk during the quarter, representing 36,7% of national production. Cumulative intake for the nine months to 30 September 2025 amounted to 31,1 million litres, 0,8% decrease year-on-year, equating to 35% of national output,” Dairibord said.
“Total sales volume for the quarter increased by 4% compared to the same period in 2024, supported by growth in beverages (11%) and foods (23%), however, offset by a 15% decline in liquid milks.
“For the nine-month period, cumulative volume was 13% ahead of the prior year, driven by growth in Beverages (22%) and Foods (20%), while liquid milks declined by 5%. Category contributions to total sales volume were beverages (64%), liquid milks (26%) and foods at 10%.”
Dairibord said cumulative revenue for the nine months increased by 7% to US$111,8 million, primarily driven by volume growth.
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