Turnall swings to Q3 profit after turnaround strategy
Zimbabwean construction materials manufacturer Turnall Holdings Limited achieved a profit after tax of $92,091 during the three months ending on September 30, 2025, marking progress in its business recovery efforts following extended losses. The company implemented resizing measures earlier this year after recording a $2.92 million loss in its December 2024 financial year, securing additional financing from shareholders and a financial institution while improving production efficiency and containing costs to boost gross profit margins from 20 percent to 28 percent during the quarter.
Revenue reached $3.3 million for the period despite a shift toward lower-value products in the sales mix, while year-to-date figures showed $8.3 million in sales from 27,348 tons of output. Management generated $809,101 from operating activities before working capital adjustments across the nine months, reversing the $882,423 cash outflow from the corresponding 2024 period.
The Harare-based firm expects to commission a new fiber-cement sheeting plant during the fourth quarter of 2025, following a 12-day shutdown at its tile facility in August for electrical installations.
