- Mash Holdings reported a 24% rise in revenue, reaching US$1.7 million for Q1 2025, up from US$1.4 million in Q1 2024
- Pomona Commercial Centre Impact: The revenue growth is attributed to the introduction and leasing of new spaces at the Pomona Commercial Centre
- Occupancy levels increased to 88%, compared to 87% in the previous year
Harare-Mash Holdings , a leading real estate investment and development company has recorded a 24% increase in revenue to US$1.7 million for the first quarter ended 31 March 2025 from US$1.4 million in the same period last year.
This was attributed to the introduction and leasing of the new spaces at the Pomona Commercial Centre.
‘’ Revenue growth was supported by improved occupancy compared to the same period last year.
‘’The company’s revenue performance also improved due to the introduction and leasing of new spaces at Pomona Commercial Centre, ‘’ the statement reads.
Alongside the top-line growth, it also saw a 4% expansion in operating margins from 43% to 47%.
Occupancy levels stood at 88% up from 87% in the prior period.
The company has been actively developing new projects to drive future growth.
During the period , construction at the Pomona Commercial Centre were completed including landscaping and power connections.
The complex has been opened with some tenants on track to complete their fit-outs in the second quarter of the year and others commenced in April 2025.
One of the company’s key upcoming project is the Greendale Cluster Housing Stands , which development works and preselling activities are expected to commence in the second quarter of 2025.
Looking ahead, Mash Holding’s projects pipeline and its plans to commercialise its prior period investments positions the company well for growth.
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