TRANSPORT and logistics firm, Unifreight Africa Limited (Unifreight) has posted a near 124% increase in profit after tax to ZiG202,35 million in its financial position ended June 30, 2025, as revenue soared 231,5%.
The increase in profit after tax comes from a comparative ZiG90,4 million earned over the 2024 period.
During the period under review, revenue soared owing to both strong demand for Unifreight’s services and the firm implementing cost containment measures.
“For the six months ended 30 June 2025, group revenue reached ZiG545,5 million, a significant improvement on the prior year. EBITDA [earnings before interest, tax, depreciation and armotisation] was ZiG100,9 million, and profit before tax was ZiG51,6 million,” Unifreight chairperson Peter Annesley said in a statement attached to the group’s financial position as at June 30, 2025.
“These results highlight both strong demand for our services and cost containment. Although the operating environment remains difficult, with inflation and liquidity challenges affecting the wider economy, Unifreight has continued to grow revenue and profitability while maintaining control over costs.”
He said the group’s cross-border fleet expansion had continued strongly, and it now operated a larger number of assets across the region.
“This is in line with our strategy to capture new trade flows on the Beira corridor and ensure Unifreight remains a leading player in regional logistics,” Annesley said.
“We are particularly encouraged by the growth of our 4PL [fourth-party logistics] division, which has proven successful in sub-contracting excess volumes to trusted third-party operators that we are working closely with.
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“This strategic initiative has quickly grown capacity and opened new opportunities for us to serve clients at the required scale.”
The firm also ended the period with ZiG1,28 to every ZiG1 of short-term debt, leaving the firm in a liquid position.
The firm’s balance sheet also remained strong as its total assets were recorded at ZiG1,34 billion as of June, though lower than the ZiG1,5 billion at the end of 2024.
“Unifreight has delivered strong results in the first half of 2025,” Annesley said.
“With a growing cross-border fleet, recognition on the regional stage, and the success of our various divisions, we are confident in our ability to capture the opportunities ahead and continue the growth trajectory.
“The board remains committed to supporting management in executing our strategy and creating long-term value for all stakeholders.”
He said the firm was now preparing for the upcoming 2026 tobacco season, which was expected to bring greater demand for our capacity.
“To meet this demand, Unifreight will need to grow its fleet, ensuring that we are positioned to serve the market efficiently and without interruption.
“Fleet expansion will run from Q4 to Q1 2026.”
