TSL Limited revenue jumps 45% on farm input demand

TSL’s revenue just jumped 45% thanks to a strong start for the year and some good rain from La Niña.

Farming inputs and chemicals are moving

• Herbicide volumes shot up 361% with all the extra weeds.
• Insecticide demand rose 9% for fighting fall armyworm.
• Fungicide sales dropped 19% because rain messed up spraying schedules.
• Doses volumes tanked 76% from supply chain issues that are now fixed.

Tobacco season is kicking in

• The company expects a bigger national tobacco crop of 400 kilograms.
• Hessian hire volumes fell 13% due to timing differences with growers.
• Tobacco paper volumes slipped 1% but are starting to rebound.
• Automation is rolling out across all auction floors to boost efficiency.

Logistics and warehousing are humming

• Equipment handling made up 45% of revenue for BAK Logistics.
• Forklift hours jumped 21% with utilization hitting 89%.
• They’ve already grabbed 41 electric forklifts for the fleet.
• General cargo handling shot up 54% thanks to a new fertilizer customer.

Keeping an eye on the Middle East

• TSL is watching tensions between the US, Israel, and Iran.
• They’re worried about commodity prices and supply chain disruptions.
• Portfolio occupancy stayed steady at 80% for their properties.
• The Harare South development is still waiting on regulatory approvals.