Quantum Foods reports strong recovery with resumed dividend payments

QUANTUM Foods Holdings strengthened its feed, farming and egg businesses in the year to September 30, while advancing growth opportunities in Africa, the CEO, Adel van der Merwe, said on Friday.

- EDWARD WEST

"Despite challenging conditions, we improved efficiencies, invested in capacity and delivered against our targets," she said at the release of annual results that showed total volumes 8.7% from the 2024 financial year, while a dividend of 34 cents per share was declared compared with zero dividend in 2024. She said the solid performance was underpinned by operational efficiencies and volume recovery, leading to improved profitability. Headline earnings came to R272 million versus R161m in the 2024 financial year.

Animal feeds reported a "substantial" recovery in volumes. in farming, layer parent stock was redistributed and a rebalancing of the regional broiler breeder was completed.

"We achieved excellent layer farming efficiencies and further improved broiler performance in the southern region. Some disruptions were experienced during the year, including cancellations and postponements of layer livestock orders," she said.