Innscor profit doubles to US$102m
TAFADZWA CHINYANGANYA
Innscor Africa Limited’s profit for the year ended June 2026 more than doubled to US$102.1 million, driven by strong growth across the diversified food group’s operations, allowing the company to raise its full-year dividend by 53%.
Revenue increased 14% to US$1.24 billion, while operating profit before financial income or losses, depreciation, amortisation and fair value adjustments surged 57% to US$151.6 million.
The stronger earnings performance lifted basic earnings per share by 84% to 13.41 US cents, while headline earnings per share rose 83% to 13.30 US cents.
The improved profitability also translated into increased shareholder returns, with the board declaring a final dividend of 2.15 US cents per share, up from 1.50 US cents in the prior year.
This took the total dividend for the financial year to 4.50 US cents per share, compared with 2.95 US cents in 2025, representing a 53% increase.
The final dividend will be paid to shareholders registered at the close of business on October 9, 2026, with payment expected on or around November 6.
Innscor shares will trade cum-dividend until October 7 before going ex-dividend on October 8.
The group also declared a final dividend of US$600 000 to the Innscor Africa Employee Share Trust, taking total dividends paid to the trust during the year to US$1.25 million, up from US$830 000 in 2025.
Innscor’s balance sheet expanded during the period, with total assets rising 25% to US$991.1 million.
Total liabilities increased 35% to US$436 million, while shareholders’ equity grew 18% to US$555.1 million.
The results point to a significant improvement in the group’s earnings capacity during the year, with operating profitability growing substantially faster than revenue.
