The operating environment was characterised by a currency devaluation during the financial year, policy uncertainty and delayed government payments resulted in operating difficulties and perennial gaps in funding. However, sales volumes benefited, as regional demand improved post the El Nino drought in the prior season and transitioned into the La Nina boding well for agriculture. Aggregate sales volumes rose 52% y/y from FY24 as maize and soya seed sales volumes grew 91% and 59%, respectively. There were record exports, which made up 33% of the volume generating much needed foreign currency while reducing local exposures. All segments saw volume growth except for the Barley segment which saw reduced off-take orders. Notably, volume growths were recorded in wheat and small grains seeds as farmers responded to the effects of climate change. The local open market sales contributed 23% to volumes in the period. This was supported by expansion measures such as a new shop opening in Kwekwe, deployment of 4 container outlets, as well as sixteen rented tills in various retailers. Business from the government accounted for 44% of sales in the period.
