Investor Relations
HY 2024 Performance Highlights

The Group generated cash of US$9.74m from operations, representing an 87% increase. This translated into enhanced free cash generation enabling the Group to incur capital expenditure for the period totalling US$2.23m.

AXIA, HY2024 Revenue: down 4%
AXIA, HY2024 Net Profit: up 7%
AXIA, HY2024 Interim Dividend: 18 USc

The Group will focus on managing gearing levels, executing expansion opportunities, broadening product range, balancing pricing and volume objectives, achieving growth of margin, managing operating costs in light of the environment and ensuring maximum free cash generation.

L E M Ngwerume, Board Chairperson

Axia Corporation Limited

Axia is an established retail and distribution enterprise that sells speciality homeware furniture and electrical appliances in its retail outlets across Zimbabwe. The company also retails automotive spares across multiple channels with a footprint that stretches to Zambia and Malawi.

Axia’s expertise lies in providing a reputable service for inbound clearing, bonded warehousing, ambient and chilled/frozen warehousing services, logistics, marketing, sales and merchandising services. The company leverages its nationwide retail footprint and regional reach to deliver quality products and services through three core business units:

  • TV Sales & Home (TVSH)
  • Transerv
  • Distribution Group Africa (DGA)

Axia delisted from the Zimbabwe Stock Exchange on 28 February 2023 and listed on the Victoria Falls Securities Exchange on 3 March 2023.

Company Information

Registered Name Axia Corporation Limited (AXIA.vx)
ISIN ZWVX09010062
Ticker Code AXIA.vx
Sector Retail
Stock Exchange Victoria Falls Stock Exchange
Chairman Luke Ngwerume
Group Chief Executive Officer Ray Munyaradzi Rambanapasi
Company Secretary Prometheus Corporate Services (Private) Limited
Transfer Secretary Corpserve Registrars (Pvt) Ltd (zw)
Year End June
Year Founded 2016
Year Listed 2023

3 Reasons to Invest in Axia Corporation

Growth Potential

Axia is expanding its product offerings and operational footprint, signaling strong growth potential. The strategic focus on broadening product ranges and pursuing new opportunities underscores an ambitious growth trajectory.

Rise in Middle-class

Rapid urbanization and the increasing middle-class population is driving the growth of the furniture market in Africa, coupled with growth in the tourism industry as well as increased home ownership in Zimbabwe.

Financial Resilience

Axia’s strategic financial risk management, including diversified funding sources and active monitoring, ensures stability and resilience against economic fluctuations, making it a stable investment choice.

Our Share Price in Action

Share Quote

US cents7.26
0.06 / 0.83%
 
Year to date  -9.25%
52 Week Change  -25.92%
 
52 Week Low 52 Week High
5.00 12.08

Latest Activity

Trade Date April 25, 2024
Bid 0.00
Ask 0.00
Sales US cents 7.26
Volume Traded 11,031
Value Traded US$ 801
Liquidity (12m) US$ 2.2M

Market Info

Sector Retail
Exchange Victoria Falls Stock Exchange
ISIN ZWVX09010062
Year End June
Founded 2016
Listed 2023
Group Chief Executive Officer Ray Munyaradzi Rambanapasi

Fundamentals

Shares 556,000,308
Market Cap US$ 40.4M
P/E 10.68
Div. Yield 3.86%
EPS US cents 0.68
P/B Ratio 1.18
EV / Ebitda 3.03
* TTM

Investor News

Financial Summary

The facts that affect Axia Corporation’s underlying value.

(All values displayed below are in US$ except where indicated otherwise)

 30 Jun 202330 Jun 2022
Revenue203,749,965204,181,128
Attributable PAT3,759,9275,619,135
Shareholders Funds34,180,54630,956,735
Net Interest Bearing Debt22,874,0666,833,365
Cash On Hand2,839,2855,723,036
Interest Bearing Debt25,713,35112,556,401
Net Current Assets29,296,55533,121,799

Corporate Governance

Axia Corporation Limited is committed to upholding the principles of Corporate Governance as outlined in IS134 of 2019 Securities and Exchange Rules (Victoria Falls Stock Exchange Listing requirement), the Companies and Other Businesses Entities Act (Chapter 24:31), the King IV Code, the National Code on Corporate Governance in Zimbabwe and other International Best Practices on Corporate Governances. The Directors recognise the importance of conducting the Group’s affairs with transparency, integrity, accountability, and abiding with accepted corporate practices. This approach assures shareholders and other stakeholders that Axia Corporation is being managed ethically with prudently determined risk parameters and in compliance with the best international practices. This ensures value addition to the Group’s financial and human capital investment.