PPC Zimbabwe has reported a strong financial performance for the year ended March 2026, with revenue rising 14.3 percent to R3.6 billion, driven by increased cement volumes, improved operational efficiencies and the successful implementation of turnaround initiatives.
The country’s leading cement manufacturer recorded revenue growth from R3.1 billion in the previous financial year, underscoring a sustained recovery trajectory amid growing demand from Zimbabwe’s construction and infrastructure sectors.
According to the company’s latest financial results, cement sales volumes increased by 18.2 percent during the period, supported by stronger market demand and enhanced production capacity.
PPC Chief Executive Officer Mr Matias Cardarelli said the Zimbabwean operation continued to benefit from strategic interventions aimed at boosting productivity and strengthening operational performance.
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“In Zimbabwe, the operating environment is anticipated to remain sound, supporting steady and sustainable growth. Turnaround initiatives gained traction during the current period, including an increase in own clinker production of four percent due to operational efficiencies,” he said.
To meet rising market demand, PPC supplemented local production through increased clinker imports, ensuring uninterrupted supply to customers across the country.
The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 13 percent to R961 million from R849 million recorded in the prior year. Trading profit also posted significant growth, increasing 19.5 percent to R761 million compared to R637 million in 2025.
While overall EBITDA margins eased slightly to 26.9 percent from 27.2 percent, profitability strengthened considerably in the second half of the financial year, with margins recovering to 30.9 percent.
PPC Zimbabwe also recorded a major improvement in cash generation. Net cash inflow before financing activities surged to US$37.6 million from US$16.8 million in the previous year, reflecting stronger operational performance and improved working capital management.
The enhanced cash position enabled the company to significantly increase shareholder returns, with dividend payments rising sharply to US$36 million from US$13 million paid in the prior financial year.
Industry analysts say PPC Zimbabwe’s latest results demonstrate the resilience of the local construction materials sector, which continues to benefit from infrastructure development projects, housing construction and increased private-sector investment.
The performance also highlights growing confidence in Zimbabwe’s construction industry, where demand for cement remains robust as Government and private sector-led projects continue to drive activity across the country.
With operational efficiencies improving and market demand remaining firm, PPC Zimbabwe appears well-positioned to sustain growth and strengthen its contribution to national infrastructure development in the coming years.
