Business Reporter
LISTED beverages manufacturer, Delta Corporation Limited has commended the stable ZWG local unit for spurring sales volumes across the group.
The ZWG currency has sustained stability for most part of 2025, sustaining an exchange rate premium of US$1:ZWG27 since its last major depreciation in September 2024. The conditions have necessitated a tight monetary policy stance and a commitment to maintain the grip on money supply.
Presenting the group’s performance for the half year’s period ended September 30 2025, Delta board chairman, Todd Moyo acknowledged the positive impact of stable exchange rates on product sales.
“The Group benefited from a relatively stable operating environment during the half-year period under review. Consumer spending remained strong, driven by a stable ZWG exchange rate, the record-breaking tobacco marketing season, increased mining activities and the firm mineral prices, particularly gold.
“Diaspora remittances are also benefiting from the firming of cross exchange rates such as the Rand and Pound, our key source markets,” he said.
During the period, group revenue for the half year at US$514 million increased by 32% compared to the prior year, reflecting volume growth across the Zimbabwe business units and the inclusion of Schweppes as a subsidiary.
The revenue growth was weighed down by the price moderations in the Sparkling Beverages business, which partly absorbed the sugar tax to maintain volume and competitiveness. The proportion of domestic sales undertaken in foreign currency was 92% during the period under review.
Moyo said the Zimbabwe Gold (ZWG), was relatively stable during the half year, reducing the level of rate estimation for compliance with IFRS and IAS 21. The rates used at the reporting date were within the ranges allowed by the monetary regulations.
Profit After Tax (PAT) surged by nearly 83% to US$75,05 million for the six months ended September 30, 2025, largely driven by robust revenue growth of 32% and a sharp decline in exchange losses.
Lager beer volumes rose 21%, supported by stronger consumer incomes and stable pricing.
The sorghum beer category expanded 16%, buoyed by firm demand from mining communities and commercial agriculture, while sparkling beverages registered an 11% increase, reflecting modest recovery amid sugar tax pressures.
Delta subsidiary, African Distillers Limited, delivered the strongest outturn, with overall volumes up 43%—led by wine (59%), ready-to-drink beverages (47%) and spirits (36%).
