LIGHT manufacturer, Innscor Africa Limited (Innscor) has earmarked nearly US$81 million for capital projects in its financial year ending June 30, 2026, signalling continued expansion of key operations to deepen the group’s product portfolio.
This follows a strong performance in the year to June 30, 2025, when revenue jumped 19% to US$1,08 billion and cash generated from operations rose 19,8% to US$104 million from the comparative period.
The improved performance gives the group ample internal resources to finance its investment plan, an outlay much higher than the US$55,5 million capital commitments made for the 2025 financial year.
“The capital expenditure (US$80,97 million) is to be financed out of the group’s own resources and existing borrowing facilities,” Innscor said in its financial year results for the period ended June 30, 2025.
Current financial year earnings quality was excellent and translated into the 19,8% increase in cash available from operations over the comparative year.
“The continued strong operating cash flows enabled the group to continue its extensive capital expenditure programme, with a total of US$73,909 million invested in the year under review,” Innscor chairman Addington Chinake said in a statement attached to the 2025 financial year report.
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“In addition to this, a further US$14,29 million was deployed in share buy-backs at both the parent company, and subsidiary company levels.”
The group’s revenue performance was driven by rising volumes across all key segments, supported by increased capacity from recent expansion projects.
Innscor also benefited from carefully managed pricing strategies that kept products affordable and accessible to consumers.
Consequently, the group posted a profit after tax of US$50,98 million during the year ended June 30, 2025, from a prior-year comparative of US$48,16 million.
“The group is entering an exciting phase, with a number of recently completed key expansion projects now starting to contribute to its overall product portfolio, and financial performance,” Chinake said.
“The combination of strong free cash generation, and the current stable environment, has encouraged the group to continue with its investment programme, which will see further expansion and optimisation projects being undertaken across all of its key operating segments in the period ahead.
“Production facilities will be supported by a substantial pipeline of solar energy projects, and the group will continue to play its role in supporting the growth of local agricultural output through its popular ‘AGrowth’ contract farming platform; this operation supplies key raw materials to a number of the group’s entities.”
The group recorded having US$1,18 to every dollar of short-term debt for the period ended June 30, 2025, showing the firm had more than enough to cover its capital projects.
Innscor’s balance sheet closed the 2025 financial year with total assets rising 9% to US$792,06 million, reflecting the group’s aggressive investment drive and expanded production base.