CONSTRUCTION group Masimba Holdings Limited invested US$2 million in new hauling and trenching equipment during the first quarter of 2026 as it seeks to boost operational capacity and improve execution efficiency, helping to drive double digit growth in revenue and profitability.
Revenue for the quarter increased by 13% compared to the same period last year to US$8,8 million, while profit after tax rose by 12% to US$453 000.
The group also strengthened its liquidity position, ending the quarter with US$1,42 in current assets for every dollar of short term debt, supported by a robust order book.
“The group also incurred capital expenditure of US$2 million in the period under review, mainly on hauling and trenching units, to boost its operational capacity and improve its execution efficiency,” Masimba said in a trading update.
In its financial results for the year ended December 31, 2025, the group did not provide specific capital expenditure guidance for the current year.
However, it disclosed that it had spent US$4,2 million on capital projects in 2025, primarily on its asphalt plant and other equipment.
The first-quarter capital expenditure therefore represents nearly 48% of the group’s total capital spending for the whole of 2025, underlining Masimba's continued investment in expanding operational capacity and enhancing project execution.
“The first quarter of 2026 was marked by a relatively stable macroeconomic environment, characterised by a sustained decline in both US dollar and ZiG annual inflation rates, which closed the period at 1,3% and 4,4% respectively, down from 12,4% and 15% at the end of 2025,” Masimba said.
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“The ZiG exchange rate continued to demonstrate remarkable stability, building on the prior year to marginally appreciate by 2,5% during the period under review, reflecting the effectiveness of the tight monetary policy thus far in controlling exchange rate volatility.”
However, the group noted that the limited availability of ZiG, resulting from the same tight monetary policy, continued to strain liquidity in the market.
