Cash flow Nampak Zimbabwe Limited

Stocks

NPKZ

ZW0009012213

Non-Paper Containers & Packaging

End-of-day quote Zimbabwe S.E. Other stock markets 17/06/2026			5-day change	1st Jan Change
0.8601 ^ZWG	0.00%		-0.28%	+7.51%

03/06	Nampak Zimbabwe Limited Reports Earnings Results for the Half Year Ended March 31, 2026	CI
08/12	Nampak Zimbabwe Limited Reports Earnings Results for the Full Year Ended September 30, 2025	CI

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Published financial data: NAMPAK ZIMBABWE LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021 (ZWL)	2022 (ZWL)	2023 (ZWL)	2024 (ZWG)	2025 (ZWG)
Revenues	964.41Cr	5.25TCr	57TCr	252.03Cr	248.21Cr
Total Revenues	964.41Cr	5.25TCr	57TCr	252.03Cr	248.21Cr
Cost of Goods Sold, Total	786.24Cr	2.79TCr	33TCr	131.88Cr	139.73Cr
Gross Profit	178.17Cr	2.47TCr	24TCr	120.15Cr	108.48Cr
Selling General & Admin Expenses, Total	-	677.82Cr	6.9TCr	38Cr	35Cr
Provision for Bad Debts	-	-	-	1.58Cr	1.54Cr
Depreciation & Amortization - (IS)	-	107.38Cr	367.51Cr	2.44Cr	5.82Cr
Other Operating Expenses	-	646.04Cr	5.79TCr	38Cr	38Cr
Other Operating Expenses, Total	-	1.43TCr	13TCr	80Cr	80Cr
Operating Income	178.17Cr	1.03TCr	11TCr	40Cr	29Cr
Interest Expense, Total	-	-1.84Cr	-15Cr	-2L	-17.46L
Interest And Investment Income	47.16L	4.99Cr	7.26Cr	91.53T	13.06L
Net Interest Expenses	47.16L	3.15Cr	-7.38Cr	-79.38T	-4L
Income (Loss) On Equity Invest.	-27.95L	-	-	-	-
Currency Exchange Gains (Loss)	47.92L	251.24Cr	6.99TCr	11Cr	1.19Cr
EBT, Excl. Unusual Items	178.84Cr	1.29TCr	18TCr	51Cr	30Cr
Restructuring Charges	-	-5.96Cr	-45Cr	14.38L	-
Gain (Loss) On Sale Of Investments	5.35Cr	-	30.09L	-	-
Gain (Loss) On Sale Of Assets	-	-	13Cr	-	-
Asset Writedown	1.77Cr	3.08Cr	171.38Cr	81.5L	-7L
Other Unusual Items	-35Cr	-410.71Cr	-6.73TCr	-15Cr	-
EBT, Incl. Unusual Items	151.16Cr	874.94Cr	12TCr	37Cr	30Cr
Income Tax Expense	82Cr	613.4Cr	6.68TCr	25Cr	9.05Cr
Earnings From Continuing Operations	69Cr	261.54Cr	5.16TCr	12Cr	21Cr
Net Income to Company	69Cr	261.54Cr	5.16TCr	12Cr	21Cr
Net Income - (IS)	69Cr	261.54Cr	5.16TCr	12Cr	21Cr
Net Income to Common Incl Extra Items	69Cr	261.54Cr	5.16TCr	12Cr	21Cr
Net Income to Common Excl. Extra Items	69Cr	261.54Cr	5.16TCr	12Cr	21Cr
Per Share Items
Net EPS - Basic	0.91	3.46	68.23	0.16	0.28
Basic EPS - Continuing Operations	0.91	3.46	68.23	0.16	0.28
Basic Weighted Average Shares Outstanding	76Cr	76Cr	76Cr	76Cr	76Cr
Net EPS - Diluted	0.91	3.46	68.23	0.16	0.28
Diluted EPS - Continuing Operations	0.91	3.46	68.23	0.16	0.28
Diluted Weighted Average Shares Outstanding	76Cr	76Cr	76Cr	76Cr	76Cr
Normalized Basic EPS	1.48	10.66	152.38	0.43	0.25
Normalized Diluted EPS	1.48	10.66	152.38	0.43	0.25
Dividend Per Share	-	-	3.25	-	-
Payout Ratio	-	-	11.24	30.44	-
Supplemental Items
EBITDA	203.44Cr	1.14TCr	12TCr	42Cr	35Cr
EBITA	178.17Cr	1.03TCr	11TCr	40Cr	29Cr
EBIT	178.17Cr	1.03TCr	11TCr	40Cr	29Cr
Effective Tax Rate - (Ratio)	54.39	70.11	56.43	66.83	30.3
Current Domestic Taxes	-	-	6.04TCr	-	-
Total Current Taxes	-	-	6.04TCr	-	-
Deferred Domestic Taxes	-	-	634.91Cr	-	-
Total Deferred Taxes	-	-	634.91Cr	-	-
Normalized Net Income	111.77Cr	805.33Cr	12TCr	32Cr	19Cr
Interest on Long-Term Debt	-	1.84Cr	15Cr	-	-
Supplemental Operating Expense Items
Maintenance & Repair Expenses, Total	-	-	1.71TCr	-	-

Fiscal Period: September	2021 (ZWL)	2022 (ZWL)	2023 (ZWL)	2024 (ZWG)	2025 (ZWG)
Assets
Cash And Equivalents	46Cr	152.14Cr	1.1TCr	4.64Cr	18Cr
Total Cash And Short Term Investments	46Cr	152.14Cr	1.1TCr	4.64Cr	18Cr
Accounts Receivable, Total	191.41Cr	1.11TCr	11TCr	50Cr	43Cr
Other Receivables	-	-	205.76Cr	-	46.81L
Total Receivables	191.41Cr	1.11TCr	12TCr	50Cr	44Cr
Inventory	95Cr	590.02Cr	5.75TCr	30Cr	39Cr
Prepaid Expenses	-	-	3.04TCr	-	-
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	332.71Cr	1.85TCr	21TCr	85Cr	100.37Cr
Gross Property Plant And Equipment	-	-	4.02TCr	-	-
Accumulated Depreciation	-	-	-750.07Cr	-	-
Net Property Plant And Equipment	218.14Cr	886.1Cr	3.27TCr	24Cr	31Cr
Long-term Investments	2L	19.91L	1.57Cr	78.14L	81.54L
Goodwill	-	-	24.41L	-	-
Other Intangibles, Total	13Cr	48Cr	18Cr	18.24L	14.25L
Deferred Tax Assets Long-Term	-	-	74Cr	26.11L	38.46L
Other Long-Term Assets, Total	2.71Cr	5.79Cr	177.17Cr	96.79L	96.5L
Total Assets	566.34Cr	2.79TCr	25TCr	110.88Cr	134.08Cr
Liabilities
Accounts Payable, Total	50Cr	651.25Cr	3.88TCr	29Cr	30Cr
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	-	-	100.89Cr	-	1.03Cr
Current Income Taxes Payable	7.26Cr	122.75Cr	1.06TCr	6.09Cr	12.31L
Other Current Liabilities	48Cr	51.01L	4.29TCr	3.46Cr	3.93Cr
Total Current Liabilities	104.71Cr	774.51Cr	9.32TCr	38Cr	35Cr
Long-Term Debt	-	-	-	-	-
Long-Term Leases	3.35Cr	12Cr	69.07L	6L	2.9Cr
Deferred Tax Liability Non Current	43Cr	160.15Cr	1.12TCr	2.92Cr	70.82L
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	151.08Cr	946.64Cr	10TCr	41Cr	39Cr
Common Stock, Total	129.43Cr	15Cr	8L	28.96T	31T
Additional Paid In Capital	-	477.38Cr	2.41Cr	-	-
Retained Earnings	-21Cr	181.71Cr	14TCr	69Cr	95Cr
Comprehensive Income and Other	306.82Cr	1.17TCr	75Cr	8L	9L
Total Common Equity	415.26Cr	1.84TCr	15TCr	70Cr	95Cr
Total Equity	415.26Cr	1.84TCr	15TCr	70Cr	95Cr
Total Liabilities And Equity	566.34Cr	2.79TCr	25TCr	110.88Cr	134.08Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	76Cr	76Cr	76Cr	76Cr	76Cr
ECS Total Common Shares Outstanding	76Cr	76Cr	76Cr	76Cr	76Cr
Book Value / Share	5.5	24.37	192.84	0.92	1.26
Tangible Book Value	402.51Cr	1.79TCr	15TCr	69Cr	95Cr
Tangible Book Value Per Share	5.33	23.72	192.59	0.92	1.26
Total Debt	3.35Cr	12Cr	101.58Cr	6L	3.93Cr
Net Debt	-43Cr	-140.17Cr	-995.24Cr	-4.57Cr	-14Cr
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	5	-	5
Inventories - Raw Materials, Total	-	-	3.67TCr	-	-
Inventories - Work In Process, Total	-	-	98Cr	-	-
Inventories - Finished Goods, Total	-	-	726.3Cr	-	-
Inventories - Others	-	-	2.43TCr	-	-
Land - (BS)	-	-	124.16Cr	-	-
Machinery, Total	-	-	2.81TCr	-	-
Full Time Employees	-	467	449	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	282.04Cr	-	-

Fiscal Period: September	2021 (ZWL)	2022 (ZWL)	2023 (ZWL)	2024 (ZWG)	2025 (ZWG)
Net Income	69Cr	261.54Cr	5.16TCr	12Cr	21Cr
Depreciation & Amortization - CF	25Cr	107.38Cr	365.89Cr	2.44Cr	5.82Cr
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	25Cr	107.38Cr	365.89Cr	2.44Cr	5.82Cr
Amortization of Deferred Charges, Total - (CF)	-	-	1.63Cr	-	-
(Gain) Loss From Sale Of Asset	-	-	-13Cr	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-30.09L	-	-
Asset Writedown & Restructuring Costs	-	-	-171.38Cr	-	-
Other Operating Activities, Total	-21Cr	106.55Cr	639.15Cr	-10Cr	-5.83Cr
Change In Accounts Receivable	-	-	-6.33TCr	-	-
Change In Inventories	-	-	-1.32TCr	-	-
Change In Accounts Payable	-	-	3.37TCr	-	-
Change in Other Net Operating Assets	-59Cr	-323.6Cr	-	9.27Cr	3.18Cr
Cash from Operations	14Cr	151.88Cr	1.7TCr	14Cr	24Cr
Capital Expenditure	-28Cr	-165.88Cr	-1.31TCr	-8.7Cr	-9.64Cr
Sale of Property, Plant, and Equipment	2.88Cr	5.12Cr	57Cr	5L	56.64L
Investment in Marketable and Equity Securities, Total	12Cr	-	-	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-14Cr	-160.77Cr	-1.26TCr	-8.65Cr	-9.07Cr
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-28.68L	-14Cr	-115.85Cr	-51.61L	-87.04L
Total Debt Repaid	-28.68L	-14Cr	-115.85Cr	-51.61L	-87.04L
Common Dividends Paid	-	-	-579.5Cr	-3.76Cr	-
Common & Preferred Stock Dividends Paid	-	-	-579.5Cr	-3.76Cr	-
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-28.68L	-14Cr	-695.35Cr	-4.28Cr	-87.04L
Foreign Exchange Rate Adjustments	-	-	208.63Cr	-1.41Cr	-66.85L
Net Change in Cash	25.52L	-23Cr	-45Cr	-55.99L	13Cr
Supplemental Items
Cash Interest Paid	-	-	15Cr	-	-
Cash Income Tax Paid (Refund)	98Cr	315.42Cr	4.21TCr	22Cr	15Cr
Levered Free Cash Flow	42Cr	358.2Cr	2.04TCr	-19Cr	7.86Cr
Unlevered Free Cash Flow	42Cr	359.36Cr	2.05TCr	-19Cr	7.97Cr
Change In Net Working Capital	66Cr	228.47Cr	4.15TCr	38Cr	6.21Cr
Net Debt Issued / Repaid	-28.68L	-14Cr	-115.85Cr	-51.61L	-87.04L

Fiscal Period: September	2021 (ZWL)	2022 (ZWL)	2023 (ZWL)	2024 (ZWG)	2025 (ZWG)
Profitability
Return on Assets	20.32	26.16	34.52	41.32	14.69
Return on Total Capital	29.11	37.52	57.54	66.16	21.31
Return On Equity %	18.1	15.29	41.97	32.8	25.25
Return on Common Equity	18.1	15.29	41.97	32.8	25.25
Margin Analysis
Gross Profit Margin %	18.47	46.94	42.68	47.67	43.7
SG&A Margin	-	12.91	12.02	15	14.02
EBITDA Margin %	21.09	21.73	20.49	16.82	13.95
EBITA Margin %	18.47	19.69	19.94	15.85	11.6
EBIT Margin %	18.47	19.69	19.94	15.85	11.6
Income From Continuing Operations Margin %	7.15	4.98	8.98	4.91	8.39
Net Income Margin %	7.15	4.98	8.98	4.91	8.39
Net Avail. For Common Margin %	7.15	4.98	8.98	4.91	8.39
Normalized Net Income Margin	11.59	15.33	20.07	12.75	7.54
Levered Free Cash Flow Margin	4.32	6.82	3.55	-7.48	3.17
Unlevered Free Cash Flow Margin	4.32	6.84	3.57	-7.47	3.21
Asset Turnover
Asset Turnover	1.76	2.13	2.77	4.17	2.03
Fixed Assets Turnover	4.48	6.12	20.31	20.15	9.01
Receivables Turnover (Average Receivables)	6	5.73	6.81	9.26	5.34
Inventory Turnover (Average Inventory)	7.32	5.85	6.47	8.06	4.04
Short Term Liquidity
Current Ratio	3.18	2.39	2.3	2.22	2.85
Quick Ratio	2.27	1.62	1.36	1.42	1.75
Operating Cash Flow to Current Liabilities	0.14	0.2	0.18	0.36	0.68
Days Sales Outstanding (Average Receivables)	60.88	63.7	53.63	39.54	68.37
Days Outstanding Inventory (Average Inventory)	49.89	62.37	56.45	45.43	90.44
Average Days Payable Outstanding	29.15	61.75	41.22	34.7	72.55
Cash Conversion Cycle (Average Days)	81.61	64.32	68.86	50.26	86.25
Long Term Solvency
Total Debt/Equity	0.81	0.65	0.7	0.09	4.13
Total Debt / Total Capital	0.8	0.65	0.69	0.09	3.96
LT Debt/Equity	0.81	0.65	0	0.09	3.05
Long-Term Debt / Total Capital	0.8	0.65	0	0.09	2.93
Total Liabilities / Total Assets	26.68	33.96	41.74	37.26	28.92
EBIT / Interest Expense	-	560.75	780.97	2.34T	164.87
EBITDA / Interest Expense	-	618.98	805.95	2.48T	198.21
(EBITDA - Capex) / Interest Expense	-	529.03	716.21	1.97T	143.04
Total Debt / EBITDA	0.02	0.01	0.01	0	0.11
Net Debt / EBITDA	-0.21	-0.12	-0.08	-0.11	-0.41
Total Debt / (EBITDA - Capex)	0.02	0.01	0.01	0	0.16
Net Debt / (EBITDA - Capex)	-0.24	-0.14	-0.09	-0.14	-0.56
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	25.11	43.16	45.58	997.53	-1.51
Gross Profit, 1 Yr. Growth %	41.97	51.27	42.77	1.13T	-9.71
EBITDA, 1 Yr. Growth %	36.63	47.5	36.72	801.11	-18.36
EBITA, 1 Yr. Growth %	41.97	52.58	36.54	772.88	-27.95
EBIT, 1 Yr. Growth %	41.97	52.58	36.54	772.88	-27.95
Earnings From Cont. Operations, 1 Yr. Growth %	-169.07	-0.26	142.09	499.18	68.38
Net Income, 1 Yr. Growth %	-169.07	-0.26	142.09	499.18	68.38
Normalized Net Income, 1 Yr. Growth %	309.62	89.4	79.1	597.38	-41.78
Diluted EPS Before Extra, 1 Yr. Growth %	-169.07	-0.26	142.09	499.17	68.38
Accounts Receivable, 1 Yr. Growth %	46.9	51.78	107.45	995.99	-13.66
Inventory, 1 Yr. Growth %	-20.39	62.82	29.75	1.22T	27.5
Net Property, Plant and Equip., 1 Yr. Growth %	2.58	6.78	37.48	1.71T	32.44
Total Assets, 1 Yr. Growth %	6.94	29.4	52.44	1.01T	20.93
Tangible Book Value, 1 Yr. Growth %	20.67	17.08	45.6	1.09T	37.16
Common Equity, 1 Yr. Growth %	19.9	16.56	45.78	1.09T	37
Cash From Operations, 1 Yr. Growth %	-351.25	178.31	50.96	1.93T	73.98
Capital Expenditures, 1 Yr. Growth %	93.1	53.03	5.62	1.55T	10.7
Levered Free Cash Flow, 1 Yr. Growth %	-145.6	-316.65	-197.17	-2.41T	-141.72
Unlevered Free Cash Flow, 1 Yr. Growth %	-148.36	-317.35	-198.01	-2.4T	-142.33
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	38.06	161.03	295.48	299.72	228.77
Gross Profit, 2 Yr. CAGR %	-12.14	181.33	287.63	318.37	232.7
EBITDA, 2 Yr. CAGR %	348.98	176.94	289.77	251	171.23
EBITA, 2 Yr. CAGR %	158.19	187.08	310.82	245.23	150.79
EBIT, 2 Yr. CAGR %	158.19	187.08	310.82	245.23	150.79
Earnings From Cont. Operations, 2 Yr. CAGR %	-66.8	61.88	343.4	280.86	217.63
Net Income, 2 Yr. CAGR %	-66.8	61.88	343.4	280.86	217.63
Normalized Net Income, 2 Yr. CAGR %	-44.08	443.4	420.4	253.41	101.49
Diluted EPS Before Extra, 2 Yr. CAGR %	-66.8	61.88	343.4	280.85	217.63
Accounts Receivable, 2 Yr. CAGR %	53.31	255.67	295.29	376.82	207.61
Inventory, 2 Yr. CAGR %	3.52	122.06	298.18	314.44	310.83
Net Property, Plant and Equip., 2 Yr. CAGR %	22.2	104.12	98.52	399.04	389.79
Total Assets, 2 Yr. CAGR %	-6.33	129.44	240.72	310.93	266
Tangible Book Value, 2 Yr. CAGR %	3.41	131.83	208.3	316.44	304.19
Common Equity, 2 Yr. CAGR %	6.23	130.57	203.72	316.98	304.24
Cash From Operations, 2 Yr. CAGR %	-87.26	415.74	457.96	453.25	493.94
Capital Expenditures, 2 Yr. CAGR %	134.12	235.27	248.22	318.06	327.99
Levered Free Cash Flow, 2 Yr. CAGR %	73.25	89.72	251.17	373.66	210.38
Unlevered Free Cash Flow, 2 Yr. CAGR %	10.49	104.19	251.96	374.5	211.83
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	163.12	118.14	320.65	455.76	150.59
Gross Profit, 3 Yr. CAGR %	200.74	120.22	328.38	468.99	150.95
EBITDA, 3 Yr. CAGR %	186.7	383.61	329.06	415.38	115.86
EBITA, 3 Yr. CAGR %	200.74	238.23	350.06	428.14	104.78
EBIT, 3 Yr. CAGR %	200.74	238.23	350.06	428.14	104.78
Earnings From Cont. Operations, 3 Yr. CAGR %	154.74	-25.21	272.42	390.21	190.14
Net Income, 3 Yr. CAGR %	154.74	-25.21	272.42	390.21	190.14
Normalized Net Income, 3 Yr. CAGR %	212.78	31.09	650.19	473.74	93.73
Diluted EPS Before Extra, 3 Yr. CAGR %	154.74	-25.21	272.42	390.18	190.14
Accounts Receivable, 3 Yr. CAGR %	153.66	138.53	406.88	455.32	169.75
Inventory, 3 Yr. CAGR %	159.32	87.93	263.46	494.27	179.78
Net Property, Plant and Equip., 3 Yr. CAGR %	118.91	82.38	148.68	314.84	220.69
Total Assets, 3 Yr. CAGR %	93.63	62.85	261.46	404.75	173.33
Tangible Book Value, 3 Yr. CAGR %	129.62	68.25	252.04	383.76	187.59
Common Equity, 3 Yr. CAGR %	129.46	71.04	247.81	379.18	187.73
Cash From Operations, 3 Yr. CAGR %	-10.24	-44.41	567.6	757.83	276.22
Capital Expenditures, 3 Yr. CAGR %	96.48	217.17	346.59	485.44	168.46
Levered Free Cash Flow, 3 Yr. CAGR %	-50.32	195.48	173.63	557.89	110.75
Unlevered Free Cash Flow, 3 Yr. CAGR %	-50.27	119.17	187.5	557.77	112.01
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-20.68	11.09	304.57	315.91	281.17
Gross Profit, 5 Yr. CAGR %	-6.17	15.72	418.25	319.59	287.19
EBITDA, 5 Yr. CAGR %	-12.99	22.12	323.48	537.12	257.15
EBITA, 5 Yr. CAGR %	-5.9	30.88	345.07	418.17	256.19
EBIT, 5 Yr. CAGR %	-5.9	30.88	345.07	418.17	256.19
Earnings From Cont. Operations, 5 Yr. CAGR %	-13.08	10.63	315.36	118.15	249.46
Net Income, 5 Yr. CAGR %	-13.08	10.63	315.36	118.15	249.46
Normalized Net Income, 5 Yr. CAGR %	-4.77	37.51	400.87	195.32	343.41
Diluted EPS Before Extra, 5 Yr. CAGR %	-13.08	10.63	315.36	118.14	249.4
Accounts Receivable, 5 Yr. CAGR %	-23.21	16.77	295.7	333.52	315.09
Inventory, 5 Yr. CAGR %	-27.39	11.45	302.14	285.88	281.71
Net Property, Plant and Equip., 5 Yr. CAGR %	-31.47	-8.35	175	232.36	226.13
Total Assets, 5 Yr. CAGR %	-30.23	-6.73	217.09	236.15	263.27
Tangible Book Value, 5 Yr. CAGR %	-26.75	-2.82	237.48	240.92	272.04
Common Equity, 5 Yr. CAGR %	-26.91	-3.04	235.33	242.65	269.37
Cash From Operations, 5 Yr. CAGR %	-51.94	-30.76	143.52	108.03	537.1
Capital Expenditures, 5 Yr. CAGR %	-31.69	13.31	222.68	430.04	339.05
Levered Free Cash Flow, 5 Yr. CAGR %	-34.41	-16.4	43.1	408.23	187.78
Unlevered Free Cash Flow, 5 Yr. CAGR %	-34.78	-16.76	43.31	324.5	196.99