• Revenue up 23.62% to ZWL1.3 billion from ZWL914.02 million, supported by higher volumes across agri-linked subsidiaries
• Victoria Foods led performance, with mealie meal and flour volumes rising 205% and 145% respectively, driven by improved procurement and firm demand
• Agricultural rebound and macro stability boosted input demand, rural liquidity and downstream food consumption across the Group’s value chain

Harare - CFI Holdings has posted a solid set of results for the first quarter  ended 31 December  2026, riding on the back of a broad-based recovery in Zimbabwe’s agricultural sector and resilient performances across its key subsidiaries, according to its latest trading update.

The numbers point to a company benefiting directly from a rare alignment of supportive macroeconomic conditions and a strong farming season ,a combination that has been largely absent in the 2024.

Total revenue for the period rose 23.62% to ZWL1.3 billion, up from ZWL914.02 million in the comparative period.

The growth was underpinned by higher volumes across the Group’s agri-linked units as improved rainfall and record tobacco output stimulated demand for inputs and processing capacity.

Higher agricultural output supported increased demand for feed products and strengthened consumer purchasing power in farming communities.

Victoria Foods emerged as the standout performer with mealie meal and flour sales volumes increasing by 205% and 145% respectively against the comparative period  , attributed to improved procurement strategy and increased demand for the products.

Farm & City Centre (FCC) trailed with a 51% volumes increase despite increased competition from other traders while Agrifoods sales volumes increased by 9% attributed to aggregate demand for its products

Glenara Estates, CFI’s farming arm, successfully commenced its summer crop harvest, however potato production declined by 9% despite selling prices increasing by 7.4%, due to a higher aggregated.

The estate also sustained its cattle breeding and pen-fattening projects under joint operations, which continued to deliver reasonable results.

Looking ahead, the Group maintains a cautiously optimistic outlook, anchored on anticipated strong performances across the agriculture, mining and manufacturing sectors.

A favourable agricultural season is expected to sustain input demand and support downstream food and feed volumes, while continued momentum in mining  particularly gold and other key minerals  should bolster liquidity within the broader economy.

Improved activity in manufacturing, underpinned by relative macroeconomic stability and firmer domestic demand, is also projected to reinforce value chain linkages.

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