PPC reports significant financial improvements as turnaround strategy progresses

PPC’s share price rose sharply by over 4% Wednesday morning after it reported further evidence that its “Awaken the Giant” turnaround strategy is delivering improvements in operating and financial performance.

- EDWARD WEST

PPC reported flat cement sales in South Africa and Botswana in the 10 months to January 31, 2026, but sales volumes were up 22% in Zimbabwe. | SUPPLIED

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For the 10 months to January 31, the group's South Africa and Botswana unit ended with a net cash position of R367 million, significantly improved from R106m a year before.

The share price traded at R5,96 on the JSE Thursday morning, extending steady gains from R4,10 a year ago.

An increase in group revenue was driven mainly by the growth in PPC’s Zimbabwe operations, while the South Africa and Botswana group revenue remained largely unchanged from the prior period.

This all resulted in a 22% increase in total group earnings before interest, tax, depreciation, and amortisation (EBITDA). Cement volume sales remained flat in South Africa and Botswana.