CBZ leverages market dominance for stellar Q1 results
LIVINGSTONE MARUFU
Financial services group, CBZ Holdings Limited,, has delivered a robust performance in the first quarter ended March 31, 2025, propelled by its commanding market share and strong financial footing.
In a trading update, CBZ group chief governance officer Rumbidzayi Jakanani said the group’s significant market share would remain a cornerstone of its revenue growth strategy.
“During the period under review, the group delivered strong financial results, reflected in a profit after tax of ZWG537.53m, from a total income of ZWG1.41bn—a testament to its financial position strength and capitalisation, reinforced by a substantial market presence in deposit mobilisation and transactional volumes,” Jakanani said.
She noted that the group’s top-line performance was driven by a solid contribution from funded income, which stood at ZWG486.24m, while non-funded income delivered a particularly strong ZWG938.03m for the quarter.
The strong showing in non-funded income was attributed to ongoing investments in CBZ’s service delivery ecosystem, particularly across digital banking channels.
“The group’s sustained success reflects our commitment to building enduring partnerships with clients and delivering exceptional banking and financial solutions tailored to their evolving needs,” Jakanani said.
CBZHL’s asset base closed the quarter at ZWG38.75 bn, underpinned by a solid deposit base of ZWG26.79bn.
“This performance provides a foundation and sets the tone for the remainder of the financial year, highlighting our commitment to delivering sustainable value to all stakeholders. The solid deposit base continues to buttress the group’s liquidity position and enhances its capacity to extend credit in a responsible and sustainable manner.
“Leveraging this funding strength and other key market metrics, the group remains focused on providing financial solutions that meet the dynamic needs of individuals, SMEs, and large corporates alike,” she added.
The board has reviewed the group’s financial position and remains confident that CBZ Holdings and its subsidiaries will continue to operate as a going concern.
Business units across CBZHL remain adequately capitalised to support both day-to-day operations and strategic growth mandates, with all regulated entities maintaining compliance with capital thresholds.
The board also reaffirmed the parent company’s commitment to providing continued capital support across all subsidiaries, recognising this as essential for the effective execution of strategic priorities and long-term sustainability.
Looking ahead, Jakanani said that despite a tight monetary policy environment, the group is well-positioned to pursue local and regional growth through innovation, cost discipline, and efficient capital allocation.
