NATIONAL Tyre Services Limited (NTS) will delist from the Zimbabwe Stock Exchange (ZSE) on December 31 after prolonged financial strain linked to persistent economic instability, a move that will reduce the number of listed firms on the bourse to 38.
The exit ends more than five decades of trading on the ZSE.
NTS first signalled its intention to delist in October, citing sustained financial pressures, high operating costs and persistently low share-trading activity.
The decision follows a loss of ZiG121,19 million for the year ended March 31, 2025, reversing a profit after tax of ZiG67,48 million recorded in the prior period, which had itself followed losses in 2023 and 2022.
“The Zimbabwe Stock Exchange Limited hereby notifies the investing public of the voluntary termination of listing of National Tyre Services Limited with effect from 31 December 2025,” the bourse said in a statement.
It added that shareholders approved the delisting on November 19, 2025, in line with section 11 of the ZSE Listing Requirements. Permission for the termination was granted by the Securities and Exchange Commission of Zimbabwe under section 64(1)(a)(i) of the Securities and Exchange Act [Cap 24:25].
ZSE further advised that, in terms of section 15(d) of its listing rules, NTS securities will no longer be tradable from December 31, 2025.
NTS revealed that its shares did not trade in eight of the 12 months to July 31, 2025, with average monthly volumes below 3,5 million.
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Operational challenges have deepened the company’s woes. Power shortages have disrupted production at its retreading factory, where capacity utilisation has averaged about 30%. Frequent electricity outages have also hit branch operations, leading to estimated revenue losses of up to 40% of projected sales.
The delisting is aimed at repositioning the company for greater flexibility, operational resilience and sustainable growth amid a volatile economic climate.
NTS had a market valuation of US$4,87 million on Friday last week.
