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Delta revenue breaks US$1 billion mark
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Delta Corporation Limited has posted record-breaking financial results for the year ended March 2026, with revenue surpassing the US$1 billion mark for the first time in the company's history.
In a statement released yesterday, the beverages giant said revenue increased by 35 percent to US$1.09 billion, while revenue growth excluding Schweppes stood at 23 percent.
"Delta Corporation achieved a significant milestone during the financial year with revenue surpassing the US$1 billion threshold for the first time," the company said.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 42 percent to US$236 million, while profit before tax increased 56 percent to US$210 million.
The company also recorded a 35 percent rise in earnings per share to US11.44 cents, with the effective tax rate standing at 27.6 percent.
Delta attributed the strong performance to increased demand across its product portfolio, particularly in its alcoholic beverages segment.
Lager Beer and Sorghum Beer volumes both recorded 19 percent growth during the period under review.
"Sorghum Beer Zimbabwe volumes exceeded 4.6 million hectolitres, surpassing the previous peak achieved in 1998," the company said.
Sparkling Beverages volumes rose 14 percent, while total non-alcoholic beverage volumes, including those from Schweppes Holdings Africa Limited (SHAL), increased 16 percent to 3.1 million hectolitres.
Delta said SHAL, now consolidated as a subsidiary, contributed US$101 million in revenue during the financial year.
"SHAL, now consolidated as a subsidiary, contributed US$101 million in revenue during the period under review," the company said.
The beverages manufacturer also revealed that it absorbed approximately US$30 million in sugar surtax costs in an effort to protect consumers from sharp price increases and sustain market demand.
"Management absorbed a significant portion of the sugar surtax costs to cushion consumers and sustain market demand," the statement said.
During the year, Delta paid more than US$306 million in taxes, representing a 37 percent increase compared to the previous financial year.
The taxes included excise duty, sugar surtax, corporate tax, Value Added Tax and Pay As You Earn (PAYE) contributions.
However, the company disclosed that cumulative tax assessments issued by the Zimbabwe Revenue Authority against Delta Beverages and Afdis had risen to approximately US$97 million from US$73 million recorded last year.
"An amount of US$18.7 million has already been paid under the 'pay now, argue later' principle while the assessments are being contested," Delta said.
Delta Corporation Limited remains Zimbabwe's largest beverages manufacturer, producing lager beer, sorghum beer, sparkling beverages and a range of alcoholic and non-alcoholic drinks through subsidiaries and associate companies operating nationwide.
In a statement released yesterday, the beverages giant said revenue increased by 35 percent to US$1.09 billion, while revenue growth excluding Schweppes stood at 23 percent.
"Delta Corporation achieved a significant milestone during the financial year with revenue surpassing the US$1 billion threshold for the first time," the company said.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 42 percent to US$236 million, while profit before tax increased 56 percent to US$210 million.
The company also recorded a 35 percent rise in earnings per share to US11.44 cents, with the effective tax rate standing at 27.6 percent.
Delta attributed the strong performance to increased demand across its product portfolio, particularly in its alcoholic beverages segment.
Lager Beer and Sorghum Beer volumes both recorded 19 percent growth during the period under review.
"Sorghum Beer Zimbabwe volumes exceeded 4.6 million hectolitres, surpassing the previous peak achieved in 1998," the company said.
Sparkling Beverages volumes rose 14 percent, while total non-alcoholic beverage volumes, including those from Schweppes Holdings Africa Limited (SHAL), increased 16 percent to 3.1 million hectolitres.
Delta said SHAL, now consolidated as a subsidiary, contributed US$101 million in revenue during the financial year.
"SHAL, now consolidated as a subsidiary, contributed US$101 million in revenue during the period under review," the company said.
The beverages manufacturer also revealed that it absorbed approximately US$30 million in sugar surtax costs in an effort to protect consumers from sharp price increases and sustain market demand.
"Management absorbed a significant portion of the sugar surtax costs to cushion consumers and sustain market demand," the statement said.
During the year, Delta paid more than US$306 million in taxes, representing a 37 percent increase compared to the previous financial year.
The taxes included excise duty, sugar surtax, corporate tax, Value Added Tax and Pay As You Earn (PAYE) contributions.
However, the company disclosed that cumulative tax assessments issued by the Zimbabwe Revenue Authority against Delta Beverages and Afdis had risen to approximately US$97 million from US$73 million recorded last year.
"An amount of US$18.7 million has already been paid under the 'pay now, argue later' principle while the assessments are being contested," Delta said.
Delta Corporation Limited remains Zimbabwe's largest beverages manufacturer, producing lager beer, sorghum beer, sparkling beverages and a range of alcoholic and non-alcoholic drinks through subsidiaries and associate companies operating nationwide.
Source - newsday
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