By 
Puma Energy Zambia Plc has reported a loss after tax of K155.71 million for 2025, nearly double the K77.1 million loss recorded in 2024, the company said at its 64th Annual General Meeting (AGM) on Tuesday.
Revenue fell 28 percent to K10.6 billion from K14.8 billion in 2024, driven by declining sales volumes and price adjustments.
Sales volumes contracted 19 percent to 450,000 cubic meters, particularly affecting the Retail and Business-to-Business (B2B) segments, while operating losses widened to K107 million from a K41.8 million profit in 2024.
Read more: Lusaka Stock Exchange records strong July performance as equity, bond markets surge
Chairman, Jacob Sikazwe, acknowledged structural challenges during the year but noted resilience in the Aviation segment, which recorded a 12 percent volume increase.
“Following the partial adjustment of the regulated Oil Marketing Company margin, we realigned pricing models for major customers to accurately reflect product costs and strategically rebalanced the portfolio to diversify the customer base. Together, these actions reduced concentration of risk and built a more resilient revenue stream,” General Manager Zwelithini Mlotshwa said.
There was an investment of over K220 million in capital expenditure during 2025, targeting retail network upgrades, aviation infrastructure, and B2B asset investments.
The company also adopted the IFRS S1 and IFRS S2 Sustainability Disclosure Standards, aligning with international sustainability reporting practices.
The company emphasized its commitment to health, safety, security, and environment (HSSE) standards, rural retail expansion, and lower-carbon energy offerings including LPG and solar solutions.
Looking ahead to 2026, Sikazwe noted external risks, including the conflict in the Middle East, but expressed cautious optimism.
“I am confident that the strategic changes we have implemented will contribute to improved stability and performance even under these conditions,” he said.
Mlotshwa added: “Our path forward is clear: we will manage costs, strengthen partnerships, and maintain operational discipline. These priorities give us the stability to navigate ongoing global supply chain volatility. We remain firmly focused on the fundamentals: safe operations, reliable supply, and disciplined growth.”
WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.
Comments