Zambia Sugar Income Statement

Financials in millions ZMW. Fiscal year is September - August.

Millions ZMW. Fiscal year is Sep - Aug.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Revenue	8,897	7,530	5,828	5,112	4,989
Revenue Growth (YoY)	18.16%	29.20%	14.01%	2.46%	49.60%
Cost of Revenue	5,307	3,592	3,282	2,905	2,427
Gross Profit	3,590	3,938	2,546	2,207	2,562
Selling, General & Admin	1,600	1,366	1,296	958.04	949.08
Operating Expenses	1,604	1,372	1,298	958.56	949.08
Operating Income	1,986	2,566	1,248	1,248	1,613
Interest Expense	-120.85	-55.77	-40.61	-80.92	-275.16
Interest & Investment Income	4.23	17.08	0.95	6.73	0.4
Currency Exchange Gain (Loss)	-3.54	-18.93	-12.66	11.17	11.25
EBT Excluding Unusual Items	1,866	2,509	1,195	1,185	1,350
Gain (Loss) on Sale of Investments	-	-	-	-	-1.18
Gain (Loss) on Sale of Assets	0.71	0.43	0.49	-5.55	2.89
Pretax Income	1,867	2,509	1,196	1,179	1,351
Income Tax Expense	232.89	451.42	260.22	174.33	265.39
Earnings From Continuing Operations	1,634	2,058	935.63	1,005	1,086
Net Income	1,634	2,058	935.63	1,005	1,086
Net Income to Common	1,634	2,058	935.63	1,005	1,086
Net Income Growth	-20.60%	119.91%	-6.92%	-7.45%	362.41%
Shares Outstanding (Basic)	317	317	317	317	317
Shares Outstanding (Diluted)	317	317	317	317	317
EPS (Basic)	5.16	6.50	2.96	3.18	3.43
EPS (Diluted)	5.16	6.50	2.96	3.18	3.43
EPS Growth	-20.60%	119.91%	-6.92%	-7.45%	362.41%
Free Cash Flow	374.44	796.59	1,117	544.42	913.76
Free Cash Flow Per Share	1.18	2.52	3.53	1.72	2.89
Dividend Per Share	1.096	1.610	1.910	0.944	0.845
Dividend Growth	-31.92%	-15.71%	102.25%	11.76%	252.08%
Gross Margin	40.35%	52.30%	43.68%	43.17%	51.36%
Operating Margin	22.32%	34.08%	21.41%	24.41%	32.34%
Profit Margin	18.36%	27.33%	16.05%	19.66%	21.77%
Free Cash Flow Margin	4.21%	10.58%	19.17%	10.65%	18.32%
EBITDA	2,157	2,706	1,372	1,363	1,724
EBITDA Margin	24.24%	35.94%	23.54%	26.67%	34.56%
D&A For EBITDA	170.84	139.56	124.37	115.44	111.07
EBIT	1,986	2,566	1,248	1,248	1,613
EBIT Margin	22.32%	34.08%	21.41%	24.41%	32.34%
Effective Tax Rate	12.48%	17.99%	21.76%	14.78%	19.64%

Updated Aug 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.