Performance with purpose. Value built for the long term.
Access Zimplow’s financial performance, share information, annual reports, notices and strategic updates.
2024 Financial Highlights
Group turnover capacity
Under prior period
Erosion from drought factors
Of total operational loss pool
Group Performance Overview
The Group recorded revenue of US$29.778 million, representing a 7.2% decline from the prior year.
El Niño-induced drought and depreciation of local currencies placed severe trading and consumer liquidity strains across the clusters.
Consequently, Zimplow transitioned into a loss before tax position of US$3.437 million.
Operating Environment
Agriculture Operations
El Niño limits commercial & smallholder seed drills/tractor activity.
Currency Volatility
Reforms create market uncertainties and trading disruptions.
Market Cashflow
Consumer spending is reduced due to currency re-benchmarking.
Informal Channels
Puts pricing pressure on structured suppliers like TrenTyre & CT Bolts.
Strategic Priorities
Cost Discipline
Streamline operational parameters and remove redundancies.
Sourcing Diversity
Hedge supply risks and find competitive product lines.
Uptime Support
Invest in spare parts storage & workshop expertise.
"Operating parameters remained challenging during 2024. The delayed rains and currency conversions translated to lower aggregate demand. Operational losses remained localized inside agricultural divisions."
- Sharon Manangazira, Company SecretaryFeatured Annual Publication
2024 Annual Report & Statements
Governance checklists, environmental disclosures, and complete operating analysis.
Institutional Publications
Access reports, circulars, trading declarations and audited financial results.
Receive Investor Updates
Investor Relations Contacts
Contact: Sharon Manangazira (Group Secretary)
Email: investor@zimplow.co.zw
Office: 10 Harrow Road, Msasa, Harare, Zimbabwe
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