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.

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