State-owned fuel retailer Petrotrade has delivered a remarkable corporate turnaround, reporting a surge in revenue to ZWG 7.2 billion for the 2025 financial year—up from ZWG 3.64 billion in 2024.
The improved performance culminated in the company declaring a US$2.2 million final dividend to its sole shareholder, the sovereign wealth fund Mutapa Investment Fund.
In a statement, Petrotrade said it successfully navigated regional macroeconomic headwinds to post a profit after tax (PAT) of ZWG 111.7 million, according to financial updates released during the company's recent proceedings.
The performance was driven by aggressive market expansion, which saw fuel sales volumes increase by 32% to 188.2 million litres, strengthening its position in the public fuel supply sector.
“State-owned petroleum entity Petrotrade (Private) Limited has announced a historic performance for the 2025 financial year,” the statement read.
“Navigating volatile global markets and regional logistics bottlenecks, the company successfully balanced its national development mandate with robust corporate profitability. Petrotrade's 2025 operations remained anchored on the principles of the Government of Zimbabwe's National Development Strategy 1 (NDS1).”
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The fuel retailer said it is contributing to industrial transformation and national energy security as it expands its physical footprint to 107 service stations nationwide.
“Petrotrade is strategically positioning its corporate expansion as a foundation for Vision 2030,” it said. “Through an expanded retail network and strengthened supply chain integration, Petrotrade is actively supporting industrial transformation and the national energy security agenda required to propel Zimbabwe toward an upper-middle-income economy.”
The company also confirmed the commissioning of flagship full-service stations in Dete, Skyline, and Gokwe, offering retail fuel, LPG, and lubricants.
To mitigate regional supply chain risks, Petrotrade expanded its logistics capacity through the acquisition of additional tankers and heavy-duty trucks, ensuring reliable supply to institutional clients. These improvements reportedly helped the company achieve an 88% customer satisfaction index, surpassing its 70% annual target.
“In a major step toward environmental sustainability and climate resilience, Petrotrade has completed the solarisation of all operational retail service stations to reduce dependence on grid electricity.”
The company further highlighted its investment in clean energy initiatives, including a solar-powered electric vehicle (EV) charging station at its Gweru site, as well as the procurement of high-capacity LPG storage infrastructure to support long-term supply of clean household and commercial energy.
Beyond financial performance, Petrotrade reported progress in corporate inclusion and culture reform. Female representation in the workforce now stands at 37%, significantly above the global petroleum industry average of 22–24%.
Employee satisfaction also increased by 7%, supported by the introduction of a Youth Professional Development Programme (Graduate Trainee Programme), designed to support government efforts to reduce unemployment and develop future energy sector leaders.