Bond.az reports that Zambeef Products PLC (AIM:ZAM) has lowered its full-year revenue and profit guidance for the fiscal year ending September 30, 2026.
The company expects U.S. dollar revenue to be approximately 20% below market expectations as it maintains affordable pricing. Operating profit is forecast about 4% below expectations.
Profit before tax (PBT) and profit after tax (PAT) are expected to be 36% and 38% below market expectations, respectively, due to operating performance and higher finance costs. However, both are still expected to exceed FY25 results.
Finance costs are higher than anticipated, partially offset by Zambia's Monetary Policy Rate cut from 14.5% to 13.5% in November 2025 and February 2026.
The revenue shortfall was partially mitigated by operational performance, overhead management, and gains from the Zambian Kwacha appreciation against the U.S. dollar.
Zambeef noted stable electricity supply after resolving an energy crisis, reducing backup power reliance. The Kwacha appreciation also lowered imported input costs.