TSL Limited assets reach US$99.4 million as profits climb

Balance sheet muscle tightened as cash piled up fast, debt pressure eased, and profits jumped across agriculture, logistics, and property.

Balance sheet and cash position

• TSL Limited bulked up its assets to US$99.4 million.
• Cash piles multiplied fivefold by year-end.
• Operating inflows surged on stronger core trading.
• Liquidity landed above short-term obligations.

Operating cash and leverage shifts

• Anthony Mandiwanza flagged stronger liquidity metrics.
• Borrowing pressure eased as gearing dropped.
• Equity base expanded alongside asset growth.
• Spending discipline kept cash intact.

Revenue and profit acceleration

• Continuing revenue climbed to US$45.6 million.
• Earnings power ramped sharply across divisions.
• Bottom-line results leapt on higher margins.
• Gains from property moves padded results.

Agriculture segment performance

• Agricura (Private) Limited pushed higher volumes.
• Packaging demand rode a bigger tobacco crop.
• Locally coated paper drew solid buyer interest.
• Some export softness clipped specific paper lines.

Tobacco auction operations

• Tobacco Sales Floor (Private) Limited handled 81 million kilogrammes.
• Throughput jumped sharply year over year.
• Activity spread across Harare, Mvurwi, Karoi, and Marondera.
• Scale gains lifted auction-side momentum.

Logistics and warehousing gains

• Fertiliser clearances drove forwarding traffic.
• Bonded warehouse capacity paid off.
• Storage space ran hotter across facilities.
• Existing clients added more freight flow.

Real estate contribution

• Rental takings from outside tenants spiked.
• Added warehouse space, worked a full cycle.
• Occupancy held steady across the portfolio.
• Property yields stayed unchanged.

Shareholder payout

• The board approved a special cash dividend.
• Payment totaled US$4.8 million.
• Per-share return hit US$1.2927.
• Cash reached investors shortly after year-end.