Delta Corporation Limited's value spikes

Market value ballooned fast, forcing money to pile into one stock and redraw the ZSE pecking order.

Valuation spike and rerating

• Delta Corporation Limited saw its market value jump over US$550 million.
• December 15, 2025, marked a value of US$964.78 million on ZSE.
• End January lifted it to about US$1.53 billion.
• Price-to-book climbed near 4.5x, flagging investor rerating.

Capital rotation after Econet move

• Econet Wireless Zimbabwe planned delisting pushed cash elsewhere.
• Investors steered funds toward Delta's defensive cash-generating model.
• Analysts framed the move as portfolio reshuffling, not hype.

Trading activity concentration

• IH Securities flagged Delta as a major liquidity magnet.
• Total value traded hit US$164 million, leaping 84.3%.
• Average daily turnover hovered near US$0.66 million.
• Delta and Econet soaked up most trades combined.

Earnings outlook and revenue

• Revenue aims at US$1 billion this fiscal year.
• Prior year sat near US$807.47 million.
• Interim results kept the upward path intact.
• Innscor crossed US$1 billion in revenue earlier.

Schweppes stake and market grip

• Delta Corporation Limited lifted its Schweppes holding to 69%.
• Control gains tightened pricing and distribution leverage.
• Diversified cash flows widened the moat.

Liquidity and balance strength

• Cash balances jumped nearly 82.4% midyear.
• Holdings reached about US$50.34 million.
• Current ratio held near 1.54 times.
• Defensive appeal pulled institutions hunting stability.

Capacity expansion projects

• Belmont brewhouse and Southerton plant builds kept rolling.
• Lead times dragged, slowing full output.
• Todd Moyo pitched demand capture and sales lift.
• Maheu lines and glass bottles got upgrades.