Zambeef flags 2026 earnings miss as it prioritises affordability and cost control

Zambeef Product ( (GB:ZAM) ) just unveiled an update.

Zambeef Products has warned that revenue for the year to 30 September 2026, reported in U.S. dollars, is expected to come in around 20% below market forecasts as it prioritises affordability in a highly price-sensitive environment. Operating profit is now seen about 4% below expectations, with disciplined cost control and a stronger Zambian kwacha partly offsetting the top-line shortfall.

Finance costs are projected to exceed market expectations, and profit before and after tax in U.S. dollars are anticipated to be roughly 36% and 38% below forecasts respectively, driven by softer operating performance and higher borrowing costs. However, the group still expects both profit measures to be comfortably ahead of 2025 levels, helped by stabilised electricity supply, lower reliance on backup power, currency-related savings on imports and active logistics and procurement adjustments to counter fuel and fertiliser cost pressures.

More about Zambeef Product

Zambeef Products is a fully integrated cold chain food and agribusiness group operating in Zambia, Nigeria and Ghana, with 241 retail outlets across Zambia and West Africa. The company focuses on the primary production, processing, distribution and retailing of beef, chicken, pork, dairy, fish, flour, stockfeed and large-scale cereal row crops, making it one of the region’s largest food producers and retailers.

Average Trading Volume: 94,131

Technical Sentiment Signal: Buy

Current Market Cap: £36.17M

See more data about ZAM stock on TipRanks’ Stock Analysis page.