Libstar Holding's shares surge 8% as it flags higher revenue

SOUTH African food producer Libstar Holdings said on Thursday its revenue rose 10.1% in the 21-week period to May 30, 2025, boosted by strong volume growth across both its Ambient and Perishable product categories.

- PHILIPPA LARKIN

The shares rose 8.12% to R3.33 in morning trade on the JSE on Thursday.

This as consumers remain under pressure despite moderating inflation and lower interest rates.

"Import and export supply chain volatility persisted, evidenced by extended import lead times and intermittent delays in securing export container availability.

Against this backdrop, Libstar's category and channel revenue growth exceeded market growth during the five-month period ended 30 May 2025," Libstar said.

Libstar, with brands including Cape Herb & Spice, Lancewood, Cook 'n Bake, and Roma, said volumes increased 5.2%, with price and mix changes contributing a further 4.9%.

Volume sales increased in both the Ambient Products and Perishable Products supercategories. Group Retail & Wholesale, Food Service and Export channel volumes increased, reflecting positive trading momentum when compared to the results for the year ended December 31, 2024.