HY 2024 Performance Highlights

Overall, Simbisa achieved a 7% increase in revenue (Zimbabwe +10%, Region +2%), driven primarily by higher average spend per customer. Operating profit grew by 22%, reflecting improved purchasing efficiencies and firmer margins.

Simbisa, HY2024 Revenue: up 7.4%
Simbisa, HY2024 Profit before tax: down 12%
Simbisa, HY2024 Cash generated: up 20.6%

We expanded our footprint by opening 37 new stores, bringing our total network to 568 owned and operated restaurants across Zimbabwe, Kenya, and Eswatini (655 stores including franchised markets).

Simbisa Brands Limited

Simbisa Brands Limited is a focused group of light manufacturing businesses which, together with various strategically integrated agricultural operations, produce a number of Zimbabwe’s iconic brands in the consumer staple product space.

We manufacture consumer staple goods for the mass market through a managed, and where strategically appropriate, integrated portfolio of businesses.

Company Information

Registered Name Simbisa Brands Limited (SIM.vx)
ISIN ZWVX 090 1003 9
Ticker Code SIM.vx
Sector Food
Stock Exchange Victoria Falls Stock Exchange
Chairman Addington Chinake
Chief Executive Basil Dionisio
Company Secretary Prometheus Corporate Services (Private) Limited
Transfer Secretary Corpserve Registrars (Pvt) Ltd (zw)
Year End June
Year Founded 2015
Year Listed 2022

3 Reasons to Invest in Simbisa Brands

African-Focused

As an African-focused restaurant company we serve over 56 million customers across 9 African countries in pursuit of our mission to empower our people to always deliver the best in class restaurant experiences to our valued customers.

Culture

Our well-known brands, high levels of service and loyal customer base is testimony to our understanding of the cultural differences associated with eating out in Africa and our strong management team’s track record of working in Africa.

Diversity

We own and operate a portfolio of brands targeting consumers across all income categories, through our Casual, Fine Dining and Quick Service Restaurants. Strategic location ensures consistent access to large volumes of consumers.

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