Business Reporter
LISTED dairy products maker, Dairibord Zimbabwe Limited says the prolonged ZWG resilience against the greenback back to back with improved US$ inflows has gone a long way in stabilizing prices across the retail sector.
Introduced on April 5 2024 as part of efforts to achieve a lasting solution to currency woes, the gold backed unit has withstood the test of times after sustaining its value for more than a year now.
Confirming facts shared in the Mid Term Monetary Policy Statement (MPS) of August 8 2025, DZL’s half year’s performance report effectively validated the RBZ stance.
“The operating environment during the review period was characterized by relative stability, primarily underpinned by the resilience of the Zimbabwe Gold against the United States dollar.
“This stability was further supported by the improved foreign currency availability particularly through the Reserve Bank of Zimbabwe Willing Buyer Willing Seller market, which facilitated the importation of critical raw materials,” said Nobert Chiromo, the DZL board chairman .
He underscored that a favorable 2024/2025 agricultural season enhanced food security and foreign currency inflows further enhanced market stability.
Further DZL saluted the “notable development in the enactment of Statutory Instrument 34 of 2025 which removed penalties for businesses pricing above the official exchange rates.”
This reform, Dairibord said, enabled better pricing flexibility, improved alignment with market realities and strengthened profitability prospects.
“The retail sector benefitted significantly, improving supply chain stability,” Chiromo said.
During the half year’s period, DZL reported total assets of US$53.84 million as of 30 June 2025, compared to US$53.49 million at the end of December 2024 while total liabilities stood at US$27.67 million, up from US$28.54 million in the previous period.
Equity attributable to ordinary shareholders was US$26.16 million, an increase from US$24.95 million.
The company achieved revenue of US$64.32 million, representing an 18% increase compared to the same period in 2024. Profit before tax increased significantly to US$2.08 million (up 51% year-on-year), driven by lower finance costs. Basic and diluted earnings per share were US$0.34 cents.
Retained earnings increased to US$16.28 million from US$15.07 million as of 31 December 2024. The increase is primarily attributable to the profit for the period. No dividends were declared for the period.
