By 
By Ross Moyo
Delta Corporation Limited has announced its full-year results for the year ended 31 March 2026, with revenue crossing the $1 billion mark for the first time in the company’s history, reaching $1.09 billion, up 35% (23% excluding Schweppes).
The company’s Sorghum Beer Zimbabwe surpassed 4.6 million hectolitres, exceeding the previous peak set in 1998, with Chibuku Super, a proudly Zimbabwean brand, driving the growth.
*Key Highlights:*
– *Sorghum Beer*: Volume growth of 19%, with Chibuku Super leading the charge.
– *Sparkling Soft Drinks*: 14% volume growth, with total non-alcoholic volumes reaching 3.1 million hectolitres.
– *African Distillers (Afdis)*: 50% volume growth, with RTDs up 62%, wines up 57%, and spirits up 34%.
– *Earnings and EPS*: Attributable earnings per share grew 35% to US 11.44 cents, with EBITDA reaching $236 million, up 42%.
*Tax Contribution and ZIMRA Dispute*
Delta paid over $306 million in taxes in Zimbabwe during the year, up 37% on the prior year. However, the company is disputing ZIMRA’s cumulative assessments of $97 million, citing a systemic challenge rooted in the country’s complex currency transitions.
“We appeal to the fiscal authorities to align the legislation to read as intended, remove ambiguities, or apply the law as passed by Parliament and find a fair pathway to resolve historical issues,” said Alex Makamure, Executive Director: Finance.
*Outlook*
Delta remains committed to driving growth, investing in capacity, and rewarding shareholders, while supporting the fiscus and promoting sustainable growth.
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