Omina Holdings increases dividend pay out despite setbacks in agriculture division

OMNIA Holdings delivered a resilient performance for the fiscal year ended March 31, 2025 despite set backs in the agriculture division, which was impacted by currency issues in Zimbabwe, drought in Zambia, and the civil unrest in Mozambique.

- TAWANDA KAROMBO

The diversified company, propelled by its mining sector which is seeing new orders for its regional markets on the back of a rebound in copper and battery metals, achieved robust results and delivered bumper dividends.

"The agri business Zambia, Zimbabwe and Mozambique didn't perform well," Seelan Gobalsamy, CEO of Omnia told Business Report in an interview.

"Zimbabwe had the usual currency issues and a lot of uncertainty (and) we had some regulatory challenges and in Zambia, we saw a massive drought that impacted revenue."

The unrest that rocked Mozambique in 2024 and early into this year also affected Omnia.

The company had to send products via Namibia into Zambia as routes through Mozambique were disturbed by the unrest, impacting working capital and profits negatively.