en.Wedoany.com Reported - South African cement producer PPC Ltd. (JSE: PPC) released its fiscal year results for the period ending March 31, 2026, in early June 2026. Its Zimbabwean subsidiary, PPC Zimbabwe, achieved sales of $216 million in FY2026, a 14% year-on-year increase; trading profit reached $46.1 million, up 20% YoY; and cement sales volume grew 8% YoY. The subsidiary ended the period debt-free, holding $8.43 million in unrestricted cash, an 18% increase YoY.
Founded in 1892 and headquartered in Pretoria, South Africa, PPC Ltd. is Africa's oldest cement manufacturer, with operations spanning South Africa, Botswana, Zimbabwe, Rwanda, and other countries. PPC Zimbabwe operates two cement plants in Harare and Bulawayo, with a combined annual capacity of 1.4 million tons, commanding over 50% of Zimbabwe's cement market. The subsidiary has also built two solar power stations with a total installed capacity of 30 megawatts to mitigate the impact of power shortages on production. PPC Zimbabwe's strong performance is attributed to the "Awaken the Giant" transformation strategy launched by the parent company in 2024.
At the group level, PPC's total revenue for FY2026 reached ZAR 10.255 billion (approximately $567 million), up 3.9% YoY; EBITDA reached ZAR 2.079 billion, up 31% YoY, with the EBITDA margin expanding from 16.1% in the prior year to 20.3%. Earnings per share grew 75% to 56 cents, and ordinary share dividends increased 72% to 30.2 cents per share, with total dividends paid reaching ZAR 469 million. Group trading profit rose 50% YoY to ZAR 1.47 billion, and net cash inflow (before financing) grew 23% to ZAR 1.29 billion. Cement sales volume (including clinker exports to Zimbabwe) from South African and Botswana operations increased 1.3% YoY, with revenue up 1.8% to ZAR 6.25 billion and EBITDA up 43% to ZAR 1.2 billion.
Looking ahead, PPC is constructing the RK3 cement plant with an investment of ZAR 3.1 billion, expected to be completed in the fourth quarter of FY2026/27, which will support the next phase of earnings growth. Meanwhile, the group has initiated a feasibility study with Sinoma Overseas for the construction of a new cement plant in Zimbabwe. CEO Matthias Cardarelli stated that the "Awaken the Giant" strategy will continue to advance, and Zimbabwe, driven by steady growth in various housing, road, and other infrastructure projects, is expected to become a stable growth market.
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