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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

ART Holdings

ARTD.ZW · Zimbabwe Stock Exchange · Consolidated statements

On this page
Company details
Legal name
Amalgamated Regional Trading (ART) Holdings Limited
Listing
ARTD.ZW on the Zimbabwe Stock Exchange, active · ISIN ZW000301DR35 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
30 September

Overview

Year ended 30 September 2025 · published summary of audited statements, final status not established · source

Read with these figures

  • Auditor's report on the full statements, year to 2025-09-30: modified opinion (not a report on this summary). Qualified (on the full statements): IAS 21 departure in accounting for the April 2024 change of functional currency from ZWL to USD, affecting comparability with the prior year (PDF pp6-7).
  • Published summary of audited statements not confirmed as final. The published copy is not confirmed as the final version. The FY to 30 Sep 2025 figures come from it.
Full wording and sources

  • Auditor's report on the full statements, year to 2025-09-30: modified opinion (not a report on this summary)

    Basis for Qualified Opinion — Non-compliance with International Accounting Standard (IAS) 21 - The Effect of Changes in Foreign Exchange Rates on accounting for the change in functional and presentation currency: when the Group changed its functional and presentation currency from Zimbabwe Dollar (ZWL) to United States Dollars (USD) with effect from 5 April 2024, management translated ZWL transactions and balances (including comparatives) by separating USD and ZWL components and kept the USD components as if the USD had always been the functional currency, a departure from IAS 21; the opinion on the current year is modified for the potential impact on comparability with the prior year; the effects are assessed as material but not pervasive (report on the complete consolidated financial statements, PDF pp6-7).

    Source: Amalgamated Regional Trading (ART) Holdings Limited Abridged Audited Financial Results For The Year Ended 30 September 2025 (dated 2025-12-19)

  • Published summary of audited statements for 2025: final status not established

    Abridged audited results filed on the Zimbabwe Stock Exchange. The abridged statements were authorised for issue by the directors on 4 December 2025 (note 1, p4); the chairman's statement is signed T. U. Wushe (PhD), Chairman (p2). The publication reprints Grant Thornton's independent auditor's report on the complete consolidated financial statements (pp6-12; QUALIFIED opinion; handwritten 'Grant Thornton' signature over Edmore Chimhowa, Partner, PAAB 0470, dated 19 December 2025, visible on the render of p12), which is not a report on this summary; no auditor's report on the summary is printed.

    Source: Amalgamated Regional Trading (ART) Holdings Limited Abridged Audited Financial Results For The Year Ended 30 September 2025 (dated 2025-12-19)

  • 2025, 2024: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'These abridged Group financial statements derived from the audited financial statements of Amalgamated Regional Trading (ART) Holdings Limited and its subsidiaries "The Group" for the financial year ended 30 September 2025, should be read together with the complete set of audited financial statements of the Group' (p4) No auditor's report on the summary is printed. 'Auditor's Statement: These abridged Group financial statements derived from the audited financial statements of Amalgamated Regional Trading (ART) Holdings Limited and its subsidiaries ... which have been audited by Grant Thornton Chartered Accountants (Zimbabwe) and the auditor's report signed by Edmore Chimhowa, Registered Public Auditor 0470. A qualified opinion has been issued on the audited financial statements regarding non- compliance with International Accounting Standard (IAS) 21 ...' (p4). The publication reprints that report on the complete consolidated financial statements (pp6-12): 'In our opinion, except for the effects of the matters described in the Basis for Qualified Opinion section of our report, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of ART Holdings Limited as at 30 September 2025 ...' (p6); key audit matters on revenue recognition, biological assets and discontinued operations; signed 'Grant Thornton', Edmore Chimhowa, Partner, 19 December 2025 (p12). Group statement of profit or loss and OCI (p2), statement of financial position, statement of changes in equity, statement of cash flows and segment results (p3), borrowings note and supplementary information (p4), and a ZWG short-form special purpose summary (p5). No total profit for the year is printed (continuing and discontinued results are printed separately; the equity statement prints them as two lines). No earnings-per-share unit is printed.

    Source: Amalgamated Regional Trading (ART) Holdings Limited Abridged Audited Financial Results For The Year Ended 30 September 2025 (dated 2025-12-19)

  • Revenue

    USD 28.3 million

    28,251 USD thousands · p2

    Change not shown.

  • Operating profit / (loss)

    −USD 824,000

    (824) USD thousands · p2

    Change not shown.

  • Profit / (loss) for the year

    Not reported in this filing

  • Total assets

    USD 38.8 million

    38,823 USD thousands · p3

    Change not shown.

  • Total equity

    USD 15.3 million

    15,338 USD thousands · p3

    Change not shown.

  • Cash from operations

    USD 75,000

    75 USD thousands · p3

    Change not shown.

Large amounts are rounded for reading (USD million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

No change rate is shown: the qualification concerns comparability with FY2024 (IAS 21 departure on the currency change).

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in USD thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY to 30 Sep 2025 — published summary of audited statements (summary), final status not established; reported for the year · source
  • FY to 30 Sep 2024 — published summary of audited statements (summary), final status not established; comparative in the FY to 30 Sep 2025 filing · source
    • 2025, 2024: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'These abridged Group financial statements derived from the audited financial statements of Amalgamated Regional Trading (ART) Holdings Limited and its subsidiaries "The Group" for the financial year ended 30 September 2025, should be read together with the complete set of audited financial statements of the Group' (p4) No auditor's report on the summary is printed. 'Auditor's Statement: These abridged Group financial statements derived from the audited financial statements of Amalgamated Regional Trading (ART) Holdings Limited and its subsidiaries ... which have been audited by Grant Thornton Chartered Accountants (Zimbabwe) and the auditor's report signed by Edmore Chimhowa, Registered Public Auditor 0470. A qualified opinion has been issued on the audited financial statements regarding non- compliance with International Accounting Standard (IAS) 21 ...' (p4). The publication reprints that report on the complete consolidated financial statements (pp6-12): 'In our opinion, except for the effects of the matters described in the Basis for Qualified Opinion section of our report, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of ART Holdings Limited as at 30 September 2025 ...' (p6); key audit matters on revenue recognition, biological assets and discontinued operations; signed 'Grant Thornton', Edmore Chimhowa, Partner, 19 December 2025 (p12). Group statement of profit or loss and OCI (p2), statement of financial position, statement of changes in equity, statement of cash flows and segment results (p3), borrowings note and supplementary information (p4), and a ZWG short-form special purpose summary (p5). No total profit for the year is printed (continuing and discontinued results are printed separately; the equity statement prints them as two lines). No earnings-per-share unit is printed.

Income statement

Income statement, USD thousands. Columns: FY to 30 Sep 2025 — published summary of audited statements (final status not established), as reported for the year; FY to 30 Sep 2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 30 Sep 2025Published summary of audited statements (summary)reported for the yearFY to 30 Sep 2024Published summary of audited statements (summary)comparative in FY to 30 Sep 2025 filingsource limitations
Revenue from contracts with customers 28,251 34,331
Cost of sales (18,466) (19,215)
Gross profit 9,785 15,116
Other income 321 547
Total operating expenses (10,930) (14,642)
Selling and distribution expenses (2,488) (3,768)
Administration expenses (8,442) (10,874)
Operating (loss)/profit before fair value adjustments & impairments (824) 1,021
Share of associate profit/(loss) 3 (20)
Fair value adjustments on investment property1 –2 390
Fair value adjustments on biological assets3 285 (916)
Foreign exchange gain/(loss) 97 (392)
(Loss)/profit on disposal of non-current assets4 (372) 37
Retrenchment5 –2 (675)
Loss before interest and tax6 (811) (555)
Finance income 5 2
Finance costs (692) (958)
Loss before tax (1,498) (1,511)
Income tax credit 99 2,909
(Loss)/profit after tax7 (1,399) 1,398
Loss after tax from discontinued operations8 (2,235) –9
Profit/(loss) on translation of foreign subsidiary10 102 (1,354)
Total other comprehensive income/(loss) for the period net of tax 102 (1,354)
Total comprehensive (loss)/income for the period (3,532) 44
  1. Printed “-”, read as nil: subtotal_arithmetic: is.native.co_4r77ae2vdxhe.loss_before_interest_and_tax.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (8)
  1. “Fair value adjustments on investment property” is an issuer-specific line, not mapped to a shared definition: Printed below the operating result.
  2. “Fair value adjustments on biological assets” is an issuer-specific line, not mapped to a shared definition: Printed below the operating result.
  3. “(Loss)/profit on disposal of non-current assets” is an issuer-specific line, not mapped to a shared definition: Printed below the operating result.
  4. “Retrenchment” is an issuer-specific line, not mapped to a shared definition: Retrenchment costs, printed below the operating result.
  5. “Loss before interest and tax” is an issuer-specific line, not mapped to a shared definition: Printed subtotal before finance income and finance costs.
  6. “(Loss)/profit after tax” is an issuer-specific line, not mapped to a shared definition: After-tax result before discontinued operations; no total profit for the year is printed.
  7. “Loss after tax from discontinued operations” is an issuer-specific line, not mapped to a shared definition: Discontinued operations.
  8. “Profit/(loss) on translation of foreign subsidiary” is an issuer-specific line, not mapped to a shared definition: OCI item that may be reclassified.

Balance sheet

Balance sheet, USD thousands. Columns: FY to 30 Sep 2025 — published summary of audited statements (final status not established), as reported for the year; FY to 30 Sep 2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 30 Sep 2025Published summary of audited statements (summary)reported for the yearFY to 30 Sep 2024Published summary of audited statements (summary)comparative in FY to 30 Sep 2025 filingsource limitations
Property, plant and equipment 6,890 15,565
Investment property –1 4,420
Biological assets2 6,103 5,717
Right of use assets 2,297 2,993
Investment in associate 229 226
Non-current assets (unlabelled subtotal) 15,519 28,921
Inventories 7,789 7,497
Trade and other receivables 4,589 2,999
Income tax asset 543 485
Cash and cash equivalents 413 274
Current assets (unlabelled subtotal) 13,334 11,255
Assets held for sale3 9,970 496
TOTAL ASSETS 38,823 40,672
Share capital 6 6
Share premium 559 559
Retained earnings 6,077 9,711
Non-distributable reserves4 8,696 8,594
Capital and reserves (unlabelled subtotal) 15,338 18,870
Interest-bearing loans and borrowings 344 28
Lease liability 1,016 2,756
Long term creditors5 2,967 2,127
Deferred tax liabilities 942 3,604
Non-current liabilities (unlabelled subtotal) 5,269 8,515
Trade and other payables 7,519 10,906
Provisions 657 582
Lease liability 2,177 919
Interest-bearing loans and borrowings 833 388
Bank overdrafts 578 492
Current liabilities (unlabelled subtotal) 11,764 13,287
Liabilities directly associated to Assets Held for sale6 6,452 –7
Total liabilities 23,485 21,802
TOTAL EQUITY AND LIABILITIES 38,823 40,672
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
Notes and alternative reported figures (5)
  1. “Biological assets” is an issuer-specific line, not mapped to a shared definition: Timber plantations (IAS 41).
  2. “Assets held for sale” is an issuer-specific line, not mapped to a shared definition: Printed after the current-assets subtotal.
  3. “Non-distributable reserves” is an issuer-specific line, not mapped to a shared definition: Revaluation and foreign currency translation reserves.
  4. “Long term creditors” is an issuer-specific line, not mapped to a shared definition: Non-current.
  5. “Liabilities directly associated to Assets Held for sale” is an issuer-specific line, not mapped to a shared definition: Printed after the current-liabilities subtotal.

Cash flow

Cash flow, USD thousands. Columns: FY to 30 Sep 2025 — published summary of audited statements (final status not established), as reported for the year; FY to 30 Sep 2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 30 Sep 2025Published summary of audited statements (summary)reported for the yearFY to 30 Sep 2024Published summary of audited statements (summary)comparative in FY to 30 Sep 2025 filingsource limitations
Cash generated from operations 226 1,260
Interest income 5 2
Finance costs1 (131) (183)
Income tax paid (25) (233)
Cash generated from operating activities 75 846
Purchase of property, plant and equipment (761) (601)
Costs capitalized to biological assets2 (975) (949)
Proceeds on disposal of property, plant and equipment 953 2,478
Cash (utilized in)/generated from investing activities (783) 928
Proceeds from borrowings 1,348 31
Repayment of borrowings (587) (1,760)
Cash generated from/(utilized in) financing activities 761 (1,729)
Increase in cash and cash equivalents 53 45
Cash and cash equivalents at the beginning of the year (218) (263)
Cash and cash equivalents at the end of the year (165) (218)
Notes and alternative reported figures (2)
  1. “Finance costs”: mapping to a shared definition is uncertain. Printed as 'Finance costs' among operating cash flows; may include interest on lease liabilities.
  2. “Costs capitalized to biological assets” is an issuer-specific line, not mapped to a shared definition: Investing activities.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

No dividend statement or amount collected.

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Amalgamated Regional Trading (ART) Holdings Limited Abridged Audited Financial Results For The Year Ended 30 September 2025

    Year ended 30 September 2025 · Published summary of audited statements (summary) · final status not established

    Audit: Grant Thornton, Chartered Accountants (Zimbabwe) (named); no auditor's opinion on the full statements in this document · no signature page in this document

    Final status: Abridged audited results filed on the Zimbabwe Stock Exchange. The abridged statements were authorised for issue by the directors on 4 December 2025 (note 1, p4); the chairman's statement is signed T. U. Wushe (PhD), Chairman (p2). The publication reprints Grant Thornton's independent auditor's report on the complete consolidated financial statements (pp6-12; QUALIFIED opinion; handwritten 'Grant Thornton' signature over Edmore Chimhowa, Partner, PAAB 0470, dated 19 December 2025, visible on the render of p12), which is not a report on this summary; no auditor's report on the summary is printed.

    Document date
    19 Dec 2025
    Auditor's report
    date not found in this document
    Board approval
    4 Dec 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Sep 2025, FY to 30 Sep 2024
    Basis
    consolidated statements · USD thousands (printed “USD 000”)
    • the qualification concerns comparability with FY2024 (IAS 21 departure on the currency change).
    • Basis for Qualified Opinion — Non-compliance with International Accounting Standard (IAS) 21 - The Effect of Changes in Foreign Exchange Rates on accounting for the change in functional and presentation currency: when the Group changed its functional and presentation currency from Zimbabwe Dollar (ZWL) to United States Dollars (USD) with effect from 5 April 2024, management translated ZWL transactions and balances (including comparatives) by separating USD and ZWL components and kept the USD components as if the USD had always been the functional currency, a departure from IAS 21; the opinion on the current year is modified for the potential impact on comparability with the prior year; the effects are assessed as material but not pervasive (report on the complete consolidated financial statements, PDF pp6-7).
    • Qualified (on the full statements): IAS 21 departure in accounting for the April 2024 change of functional currency from ZWL to USD, affecting comparability with the prior year (PDF pp6-7).
    • Earnings per share ((0.30); 2024: 0.30, basic and diluted) and headline loss per share ((0.31); 2024: (0.19)) are printed under the 'USD 000' column heading without a unit of their own (p2); not transcribed.
    • No auditor's report on the summary is printed. 'Auditor's Statement: These abridged Group financial statements derived from the audited financial statements of Amalgamated Regional Trading (ART) Holdings Limited and its subsidiaries ... which have been audited by Grant Thornton Chartered Accountants (Zimbabwe) and the auditor's report signed by Edmore Chimhowa, Registered Public Auditor 0470. A qualified opinion has been issued on the audited financial statements regarding non- compliance with International Accounting Standard (IAS) 21 ...' (p4). The publication reprints that report on the complete consolidated financial statements (pp6-12): 'In our opinion, except for the effects of the matters described in the Basis for Qualified Opinion section of our report, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of ART Holdings Limited as at 30 September 2025 ...' (p6); key audit matters on revenue recognition, biological assets and discontinued operations; signed 'Grant Thornton', Edmore Chimhowa, Partner, 19 December 2025 (p12).
    • Group statement of profit or loss and OCI (p2), statement of financial position, statement of changes in equity, statement of cash flows and segment results (p3), borrowings note and supplementary information (p4), and a ZWG short-form special purpose summary (p5). No total profit for the year is printed (continuing and discontinued results are printed separately; the equity statement prints them as two lines). No earnings-per-share unit is printed.
    Technical details
    File
    12 pages, with a text layer
    SHA-256
    d2e61cb5b4debcb6b3358e911dbb98c428b366db77188ac2d95029083afe8498
    Entity as printed
    Amalgamated Regional Trading (ART) Holdings Limited and its subsidiaries ('The Group'); 'ART Holdings Limited' in the auditor's report
    Exchange copy
    retrieved 2026-10-08T18:04:05Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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