Innscor Africa Limited (Innscor) posted a revenue of $635.784 million for the six months ended 31 December 2025, up 18.7 percent from $535.787 million recorded in prior comparable period.
The diversified group posted a net profit attributable to shareholders of the parent amounting to $39.265 million during the half year period.
“…this translated into a headline earnings per share (HEPS) of 7.02 US cents, representing a 66.3 percent growth over the HEPS of 4.22 US cents recorded in the comparative period,” said Innscor chairman Addington Chinake in the group’s financials for the half year period under review.
Profit before tax stood at $71.777 million during period under review.
Chinake said: “this represented a pleasing 60.9 percent improvement over the $44.620 million reported in the comparative period.”
“Improved profitability across the group’s associate entities led to a strong increase in equity accounted earnings, which rose to $4.918 million in the current period under review, up from the $2.851 million recorded in the comparative period,” he added.
Chinake further said: “the group’s statement of financial position remains robust, with total shareholders’ equity increasing to $511.639million as at 31 December 2025.”
The group’s fixed asset base had a further net increase of $37.821 million during the period under review.
This, Chinake said, “reflected the continued execution of the capital expansion programme across the portfolio.”
“Working capital management remained highly efficient during the period, enabling the group to maintain strong free cash generation, and enhance growth funding capacity,” he said.
Overall gearing levels remained conservative, with gross gearing at 15.9 percent and net gearing at 8.3 percent as at the current period end.
Earnings quality during the period under review remained strong, driving a 25.7 percent growth in total cash generated from operating activities to $87.414 million, up from the $69.546 million generated in comparative period.
“The strong operating cash flows supported the ongoing capital expansion initiatives, with the Group deploying $55.091 million in investing activities during the current period under review.”
Going forward, Chinake said, the “group continues to have an extensive pipeline of expansion projects covering all its operating segments…”
“Despite current global uncertainties, and remaining concerns with regards to some local policies, the group remains cautiously optimistic for the period ahead,” he said.
The group – a diversified conglomerate with over twenty core subsidiary and associated companies focusing on light manufacturing, agro-processing, and consumer staples – declared a 2.35 US cents per share interim dividend. – TML