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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) (17 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

Delta

DLTA.ZW · Zimbabwe Stock Exchange · Consolidated statements

On this page
Company details
Legal name
Delta Corporation Limited
Listing
DLTA.ZW on the Zimbabwe Stock Exchange, active · ISIN ZW0009011199 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 March

Overview

Year ended 31 March 2026 · annual report, signed / final · source

Read with these figures

  • Auditor's emphasis of matter. Emphasis of matter (opinion not modified): contingencies relating to the current tax dispute with the Zimbabwe Revenue Authority (note 11.4.1).
Full wording and sources

  • Auditor's report, year to 2025-03-31: qualified opinion ('except for')

    The auditor gives a qualified ('except for') opinion: apart from the matters it names, the statements are presented fairly. Figures are shown as printed; those affected by the named matters may be misstated. Basis for Qualified Opinion: non-compliance with IAS 21 and IAS 8 — in the prior year management translated foreign-currency transactions and balances at a transaction rate that was not a spot rate (the auction or willing-buyer-willing-seller rate should have been used); the resulting prior-year errors (also affecting the IAS 29 application in the first half of the prior year) were not corrected retrospectively, so the corresponding amounts for retained earnings, revenue, operating costs, exchange loss and income tax expense remain affected; material but not pervasive (PDF p38 right half - p39).

    Source: Delta Corporation Limited Annual Report 2025, p38 (dated 2025-05-15)

  • Auditor's report on the full statements, year to 2024-03-31: modified opinion (not a report on this summary)

    The auditor (Ernst & Young, Zimbabwe) gave an ADVERSE opinion on Delta Corporation Limited's full consolidated financial statements for the year ended 31 March 2024: it states they do not present fairly the Group's position, performance and cash flows under IFRS. The reasons: an internally generated 'transaction rate' rather than a legal spot rate (auction or willing-buyer-willing-seller) was used to translate foreign transactions and balances (IAS 21), affecting both years, and the prior-year errors were not corrected retrospectively (IAS 8) — revenue US$767,871,000, net operating costs US$615,533,000, exchange loss US$41,535,000, income tax US$3,861,000 and retained earnings US$182,055,000 are among the lines affected, with misstatements not quantified; a prior-year uplift of returnable containers (IAS 16) was corrected prospectively instead of retrospectively, affecting property, plant and equipment, retained earnings, deferred and current tax, non-controlling interests, net operating costs, monetary loss and tax; and the IAS 29 net monetary loss of US$8,995,000 (2023: US$34,841,000) rests on those non-compliant figures. The figures here are the abridged statements as published and should not be read as a fair presentation. (auditor's report, PDF pp7-9; verified on the page images)

    Source: Audited Financial Information for the year ended 31 March 2024 (dated 2024-05-15)

  • Published summary of audited statements for 2024: final status not established

    Abridged audited results published by Delta Corporation Limited; the chairman's letter is signed 'S MOYO, Chairman, 15 May 2024' (typeset, PDF p5). No auditor's report on this summary is printed. Pages 7-11 reprint Ernst & Young's report on the full Consolidated Financial Statements 'set out on pages 12 to 61' (of the annual report), with an ADVERSE opinion, signed 'Ernst & Young' (signature image) Chartered Accountants (Zimbabwe), Harare, 15 May 2024; engagement partner Walter Mupanguri (PDF p11, page image). No board approval date for the statements is printed.

    Source: Audited Financial Information for the year ended 31 March 2024 (dated 2024-05-15)

  • 2023: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'These abridged consolidated annual financial statements and financial information have been prepared under the supervision of Mr Alex Makamure FCA(Z), Executive Director – Finance ... and have been audited by external auditors in terms of the Companies and Other Business Entities Act (Chapter 24:31).' (note 7, p3) No auditor's report on the summary is printed. Note 7 (p3): 'These abridged consolidated annual financial statements and financial information have been prepared under the supervision of Mr Alex Makamure FCA(Z) ... and have been audited by external auditors in terms of the Companies and Other Business Entities Act (Chapter 24:31).' Note 18 (p4): 'The auditors have issued an adverse opinion ... The audit opinion on the Group's abridged consolidated annual financial information is available for inspection at the Company's registered office.' The reprinted report (pp7-11) is on the full Consolidated Financial Statements (pages 12 to 61), ADVERSE opinion, Ernst & Young, 15 May 2024. Abridged consolidated statements: financial position (three columns: 31 March 2024, restated 2023, restated 2022) and profit or loss and OCI (PDF p1); cash flows (headed 'HISTORIC COST') and changes in shareholders' equity (p2); supplementary notes and segments (pp2-4). Condensed lines; no separate company statements; no total-liabilities line and unlabelled non-current/current subtotals.

    Source: Audited Financial Information for the year ended 31 March 2024 (dated 2024-05-15)

  • Auditor's emphasis of matter

    Emphasis of matter (opinion not modified): contingencies relating to the current tax dispute with the Zimbabwe Revenue Authority (note 11.4.1).

    Source: Delta Corporation Limited Annual Report 2026 (dated 2026-05-14)

  • Auditor's emphasis of matter

    Emphasis of Matter – Materiality uncertainty relating to a Tax Court Case: note 11.4 describes the uncertainty over ongoing tax disputes with the Zimbabwe and Zambia Revenue Authorities; opinion not modified in respect of this matter (PDF p39).

    Source: Delta Corporation Limited Annual Report 2025 (dated 2025-05-15)

  • Auditor's emphasis of matter

    Emphasis of Matter – Tax Court Case: the auditor draws attention to note 11.4 of the consolidated financial statements on the uncertain outcome of an ongoing tax dispute with the Zimbabwe Revenue Authority (assessments of US$54.7 million per the chairman's letter, p5); opinion not modified in respect of this matter (p9).

    Source: Audited Financial Information for the year ended 31 March 2024 (dated 2024-05-15)

  • Revenue

    USD 1.09 billion

    1,091,805 USD thousands · p38

    +35.2% vs 2025

  • Operating profit / (loss)

    USD 209 million

    208,687 USD thousands · p38

    +41.9% vs 2025

  • Profit / (loss) for the year

    USD 152 million

    151,852 USD thousands · p38

    +35.5% vs 2025

  • Total assets

    USD 591 million

    591,435 USD thousands · p39

    +33.7% vs 2025

  • Total equity

    USD 394 million

    394,343 USD thousands · p39

    +39.1% vs 2025

  • Cash from operations

    USD 162 million

    162,018 USD thousands · p39

    +63.6% vs 2025

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.

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 31 Mar 2026 — annual report, signed / final; reported for the year · source
  • FY to 31 Mar 2025 — annual report, signed / final; comparative in the FY to 31 Mar 2026 filing · source
    • Auditor's report, year to 2025-03-31: qualified opinion ('except for'). The auditor gives a qualified ('except for') opinion: apart from the matters it names, the statements are presented fairly. Figures are shown as printed; those affected by the named matters may be misstated. Basis for Qualified Opinion: non-compliance with IAS 21 and IAS 8 — in the prior year management translated foreign-currency transactions and balances at a transaction rate that was not a spot rate (the auction or willing-buyer-willing-seller rate should have been used); the resulting prior-year errors (also affecting the IAS 29 application in the first half of the prior year) were not corrected retrospectively, so the corresponding amounts for retained earnings, revenue, operating costs, exchange loss and income tax expense remain affected; material but not pervasive (PDF p38 right half - p39).
  • FY to 31 Mar 2024 — annual report, signed / final; comparative in the FY to 31 Mar 2025 filing · source
    • Auditor's emphasis of matter. Emphasis of Matter – Materiality uncertainty relating to a Tax Court Case: note 11.4 describes the uncertainty over ongoing tax disputes with the Zimbabwe and Zambia Revenue Authorities; opinion not modified in respect of this matter (PDF p39).
  • FY to 31 Mar 2023 — published summary of audited statements (summary), final status not established; comparative in the FY to 31 Mar 2024 filing · source
    • Auditor's report on the full statements, year to 2024-03-31: modified opinion (not a report on this summary). The auditor (Ernst & Young, Zimbabwe) gave an ADVERSE opinion on Delta Corporation Limited's full consolidated financial statements for the year ended 31 March 2024: it states they do not present fairly the Group's position, performance and cash flows under IFRS. The reasons: an internally generated 'transaction rate' rather than a legal spot rate (auction or willing-buyer-willing-seller) was used to translate foreign transactions and balances (IAS 21), affecting both years, and the prior-year errors were not corrected retrospectively (IAS 8) — revenue US$767,871,000, net operating costs US$615,533,000, exchange loss US$41,535,000, income tax US$3,861,000 and retained earnings US$182,055,000 are among the lines affected, with misstatements not quantified; a prior-year uplift of returnable containers (IAS 16) was corrected prospectively instead of retrospectively, affecting property, plant and equipment, retained earnings, deferred and current tax, non-controlling interests, net operating costs, monetary loss and tax; and the IAS 29 net monetary loss of US$8,995,000 (2023: US$34,841,000) rests on those non-compliant figures. The figures here are the abridged statements as published and should not be read as a fair presentation. (auditor's report, PDF pp7-9; verified on the page images)
    • Published summary of audited statements for 2024: final status not established. Abridged audited results published by Delta Corporation Limited; the chairman's letter is signed 'S MOYO, Chairman, 15 May 2024' (typeset, PDF p5). No auditor's report on this summary is printed. Pages 7-11 reprint Ernst & Young's report on the full Consolidated Financial Statements 'set out on pages 12 to 61' (of the annual report), with an ADVERSE opinion, signed 'Ernst & Young' (signature image) Chartered Accountants (Zimbabwe), Harare, 15 May 2024; engagement partner Walter Mupanguri (PDF p11, page image). No board approval date for the statements is printed.
    • 2023: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'These abridged consolidated annual financial statements and financial information have been prepared under the supervision of Mr Alex Makamure FCA(Z), Executive Director – Finance ... and have been audited by external auditors in terms of the Companies and Other Business Entities Act (Chapter 24:31).' (note 7, p3) No auditor's report on the summary is printed. Note 7 (p3): 'These abridged consolidated annual financial statements and financial information have been prepared under the supervision of Mr Alex Makamure FCA(Z) ... and have been audited by external auditors in terms of the Companies and Other Business Entities Act (Chapter 24:31).' Note 18 (p4): 'The auditors have issued an adverse opinion ... The audit opinion on the Group's abridged consolidated annual financial information is available for inspection at the Company's registered office.' The reprinted report (pp7-11) is on the full Consolidated Financial Statements (pages 12 to 61), ADVERSE opinion, Ernst & Young, 15 May 2024. Abridged consolidated statements: financial position (three columns: 31 March 2024, restated 2023, restated 2022) and profit or loss and OCI (PDF p1); cash flows (headed 'HISTORIC COST') and changes in shareholders' equity (p2); supplementary notes and segments (pp2-4). Condensed lines; no separate company statements; no total-liabilities line and unlabelled non-current/current subtotals.
    • Auditor's emphasis of matter. Emphasis of Matter – Tax Court Case: the auditor draws attention to note 11.4 of the consolidated financial statements on the uncertain outcome of an ongoing tax dispute with the Zimbabwe Revenue Authority (assessments of US$54.7 million per the chairman's letter, p5); opinion not modified in respect of this matter (p9).

Income statement

Income statement, USD thousands. Columns: FY to 31 Mar 2026 — annual report (signed / final), as reported for the year; FY to 31 Mar 2025 — annual report (signed / final), comparative reported in the annual report for 2026; FY to 31 Mar 2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY to 31 Mar 2023 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2024.
Line (as printed) FY to 31 Mar 2026Annual reportreported for the yearFY to 31 Mar 2025Annual reportcomparative in FY to 31 Mar 2026 filingsource limitationsFY to 31 Mar 2024Annual reportcomparative in FY to 31 Mar 2025 filingsource limitationsFY to 31 Mar 2023Published summary of audited statements (summary)comparative in FY to 31 Mar 2024 filingsource limitations
REVENUE1 1,091,805 807,470 767,871 536,923
OPERATING COSTS*2 (883,118) (660,384)3 (615,533) (437,128)
NET OPERATING INCOME4 208,687 147,0865 152,338 99,795
Finance charges (5,703) (3,354) (3,544) (6,876)
Finance income 2,459 1,642 3,667 59
Net exchange loss6 (6,201) (12,320) (41,535) 29,967
Share of profit of associate7 2,243 1,374 2,468 452
Fair value gain on remeasurement of investment8 8,164 –9 Not reported in this filing10 Not reported in this filing11
Profit before taxation12 209,649 134,42813 104,399 87,329
Income tax expense*14 (57,797) (22,382)1516 (3,861) (24,186)
PROFIT FOR THE YEAR*17 151,852 112,04618 100,538 63,143
Non-controlling interest1920 (451) (2,078) (456) (2,249)
Foreign exchange differences on translation of foreign operations21 6,725 (8,999)22 23,522 15,975
Share of other comprehensive income of associate2324 –25 (1,237)26 1,918 –27
Total other comprehensive income for the year 6,725 (10,236)28 (80,801) Not reported in this filing29
TOTAL COMPREHENSIVE INCOME FOR THE YEAR30 158,577 101,81031 19,737 (31,111)
Net monetary Loss3233 Not reported in this filing34 Not reported in this filing3435 (8,995) (34,841)
Foreign exchange impact of translating to presentation currency36 Not reported in this filing37 Not reported in this filing3735 (106,241) Not reported in this filing38
Movement in legacy debt39 Not reported in this filing40 Not reported in this filing40 Not reported in this filing4241 (1,227)
Impact of currency change on opening balance43 Not reported in this filing44 Not reported in this filing44 Not reported in this filing4645 (110,229)
  1. Printed “—”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  2. Printed “( 22 382)”; read as (22382). p38: Printed with a space after the opening parenthesis and a space as thousands separator; read as the amount shown.
  3. Printed “( 8 999)”; read as (8999). p38: Printed with a space after the opening parenthesis and a space as thousands separator; read as the amount shown.
  4. Printed “—”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
  5. Printed “( 1 237)”; read as (1237). p38: Printed with a space after the opening parenthesis and a space as thousands separator; read as the amount shown.
  6. Printed “—”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
  7. Printed “( 10 236)”; read as (10236). p38: Printed with a space after the opening parenthesis and a space as thousands separator; read as the amount shown.
Notes and alternative reported figures (39)
  1. Printed under different labels across filings: “REVENUE”; “Revenue”.
  2. Printed under different labels across filings: “Net Operating Costs”; “OPERATING COSTS”; “OPERATING COSTS*”.
  3. Annual report dated 2025-05-15 prints (654 863) (thousands, p40) for this line and year.
  4. Printed under different labels across filings: “NET OPERATING INCOME”; “Operating income”.
  5. Annual report dated 2025-05-15 prints 152 607 (thousands, p40) for this line and year.
  6. Printed under different labels across filings: “Exchange (loss) / gain”; “Exchange loss”; “Net exchange loss”.
  7. Printed under different labels across filings: “Share of profit of associate”; “Share of profit of associates”.
  8. “Fair value gain on remeasurement of investment” is an issuer-specific line, not mapped to a shared definition: Note 7.1: gain on remeasuring the previously held interest on obtaining control of Schweppes Holdings Africa Limited.
  9. Not reported in this filing: Not printed: the FY2025 Consolidated Statement of Comprehensive Income (p40) has no 'Fair value gain on remeasurement of investment' line; between 'Exchange loss' and 'Profit before taxation' it prints 'Net monetary Loss' and 'Share of profit of associate' only. Text layer.
  10. Not reported in this filing: Not printed: the FY2024 Group Statement of Profit Or Loss and Other Comprehensive Income (p1) has no 'Fair value gain on remeasurement of investment' line; between 'Finance income' and 'Profit before tax' it prints 'Exchange (loss) / gain', 'Movement in legacy debt', 'Monetary loss' and 'Share of profit of associates'. Text layer; statement page also viewed on the page image.
  11. Printed under different labels across filings: “Profit before tax”; “Profit before taxation”.
  12. Annual report dated 2025-05-15 prints 139 949 (thousands, p40) for this line and year.
  13. Printed under different labels across filings: “Income tax expense”; “Income tax expense*”.
  14. Annual report dated 2025-05-15 prints (23 804) (thousands, p40) for this line and year.
  15. Printed under different labels across filings: “PROFIT FOR THE YEAR”; “PROFIT FOR THE YEAR*”; “Profit for the year”.
  16. Annual report dated 2025-05-15 prints 116 145 (thousands, p40) for this line and year.
  17. “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Share of profit attributable to non-controlling interest.
  18. Printed under different labels across filings: “Non controlling interest”; “Non-controlling interest”.
  19. “Foreign exchange differences on translation of foreign operations” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income.
  20. “Share of other comprehensive income of associate” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income.
  21. Printed under different labels across filings: “Share of associate”; “Share of other comprehensive income of associate”.
  22. Not reported in this filing: Not printed: the FY2024 Group Statement of Profit Or Loss and Other Comprehensive Income (p1) prints no 'Total other comprehensive income' line. Under 'Other comprehensive income' it prints 'Foreign exchange differences on translation of foreign operations' 15 975, 'Impact of currency change on opening balance' (110 229) and 'Share of associate' (2023 column a dash), followed directly by 'Total Comprehensive income for the year' (31 111). The total is not derived. Text layer; statement page also viewed on the page image.
  23. Printed under different labels across filings: “TOTAL COMPREHENSIVE INCOME FOR THE YEAR”; “Total Comprehensive income for the year”.
  24. Annual report dated 2025-05-15 prints 105 909 (thousands, p40) for this line and year.
  25. “Net monetary Loss” is an issuer-specific line, not mapped to a shared definition: Hyperinflation (IAS 29) net monetary loss; '—' in 2025.
  26. Printed under different labels across filings: “Monetary loss”; “Net monetary Loss”.
  27. Not reported in this filing: Not printed: the FY2026 Consolidated Statement of Comprehensive Income (p38) has no net monetary loss line (no IAS 29 restatement in this statement); its lines between 'NET OPERATING INCOME' and 'Profit before taxation' are 'Finance charges', 'Finance income', 'Net exchange loss', 'Share of profit of associate' and 'Fair value gain on remeasurement of investment'. Text layer.
  28. Annual report dated 2025-05-15 presents this line for this year: — (p40). Not shown in this column, which follows one filing's presentation.
  29. “Foreign exchange impact of translating to presentation currency” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income; '—' in 2025.
  30. Not reported in this filing: Not printed: the FY2026 Consolidated Statement of Comprehensive Income (p38) has no 'Foreign exchange impact of translating to presentation currency' line; its OCI lines are 'Foreign exchange differences on translation of foreign operations' and 'Share of other comprehensive income of associate', totalled in 'Total other comprehensive income for the year'. Text layer.
  31. Not reported in this filing: Not printed under this label: the FY2024 Group Statement of Profit Or Loss and Other Comprehensive Income (p1) has no 'Foreign exchange impact of translating to presentation currency' line. The OCI line it prints is 'Impact of currency change on opening balance' (110 229), which is transcribed under native.co_8gnb19pznp5j.oci_currency_change_opening. Text layer; statement page also viewed on the page image.
  32. “Movement in legacy debt” is an issuer-specific line, not mapped to a shared definition: Within profit before tax (2023 comparative only).
  33. Not reported in this filing: Not printed: the FY2026 Consolidated Statement of Comprehensive Income (p38) has no 'Movement in legacy debt' line (lines between 'NET OPERATING INCOME' and 'Profit before taxation': 'Finance charges', 'Finance income', 'Net exchange loss', 'Share of profit of associate', 'Fair value gain on remeasurement of investment'). Text layer.
  34. Published summary of audited statements dated 2024-05-15 presents this line for this year: — (p1). Not shown in this column, which follows one filing's presentation.
  35. Not reported in this filing: Not printed: the FY2025 Consolidated Statement of Comprehensive Income (p40) has no 'Movement in legacy debt' line (lines between 'NET OPERATING INCOME' and 'Profit before taxation': 'Finance charges', 'Finance income', 'Exchange loss', 'Net monetary Loss', 'Share of profit of associate'). The FY2024 statement (p1) prints a dash for 2024 on that line, but that document does not supply this column. Text layer.
  36. “Impact of currency change on opening balance” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income: effect of the change in functional/presentation currency on opening balances.
  37. Not reported in this filing: Not printed: the FY2026 Consolidated Statement of Comprehensive Income (p38) has no 'Impact of currency change on opening balance' line; its OCI lines are 'Foreign exchange differences on translation of foreign operations' and 'Share of other comprehensive income of associate'. Text layer.
  38. Published summary of audited statements dated 2024-05-15 presents this line for this year: (106 241) (p1). Not shown in this column, which follows one filing's presentation.
  39. Not reported in this filing: Not printed under this label: the FY2025 Consolidated Statement of Comprehensive Income (p40) has no 'Impact of currency change on opening balance' line. The comparable printed line is 'Foreign exchange impact of translating to presentation currency' (106 241) for 2024, already transcribed under native.co_8gnb19pznp5j.oci_presentation_currency. Text layer.

Balance sheet

Balance sheet, USD thousands. Columns: FY to 31 Mar 2026 — annual report (signed / final), as reported for the year; FY to 31 Mar 2025 — annual report (signed / final), comparative reported in the annual report for 2026; FY to 31 Mar 2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY to 31 Mar 2023 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2024.
Line (as printed) FY to 31 Mar 2026Annual reportreported for the yearFY to 31 Mar 2025Annual reportcomparative in FY to 31 Mar 2026 filingsource limitationsFY to 31 Mar 2024Annual reportcomparative in FY to 31 Mar 2025 filingsource limitationsFY to 31 Mar 2023Published summary of audited statements (summary)comparative in FY to 31 Mar 2024 filingsource limitations
Property, plant and equipment 209,164 155,689 134,079 173,923
Right of use of asset1 6,132 4,050 4,411 525
Investments in associates 8,119 12,463 12,325 14,158
Intangible assets – Trademarks and Goodwill2 26,876 25,246 24,411 28,147
Deferred tax asset 3,786 4,661 1,923 –3
Investments and loans4 7,970 4,522 5,225 7,426
Financial assets at amortised cost56 6,654 7,935 8,830 1,435
Non-current assets (unlabelled subtotal) 268,701 214,566 191,204 225,614
Inventories 142,766 113,118 107,591 96,352
Trade and other receivables*7 52,796 34,5918 50,236 40,979
Other assets 68,676 52,005 27,576 23,765
Financial assets at amortised cost56 1,730 504 –9 Not reported in this filing10
Cash and cash equivalents 56,766 27,604 26,410 16,012
Current assets (unlabelled subtotal) 322,734 227,82211 212,253 177,108
Total Assets12 591,435 442,38813 403,457 402,722
Share capital14 1,071 994 994 1,772
Share Premium15 6,807 6,807 6,800 12,088
Share options reserve1617 2,636 1,048 275 2,149
Share buyback18 (6,451) (6,451) (4,784) (2,281)
Foreign currency translation reserve19 39,279 33,319 40,570 25,089
Retained earnings*20 352,079 256,82321 182,055 203,607
Adjustment arising from change in non controlling interest2223 (626) (704) (668) (1,186)
Equity attributable to equity holders of the parent24 394,795 291,83625 225,242 241,238
Non-controlling interest26 (452) (8,431) (3,060) (1,694)
Total shareholders' equity27 394,343 283,40528 222,182 239,544
Long-term borrowings29 180 528 –30 468
Long-term lease liability31 5,916 3,667 4,250 1,819
Deferred tax liabilities 10,387 108 1,481 31,169
Non-current liabilities (unlabelled subtotal) 16,483 4,303 5,731 33,456
Short-term borrowings32 16,066 13,977 18,253 5,163
Short term Lease liability33 2,031 1,191 1,186 209
Trade and other payables 98,889 95,278 119,198 91,410
Provisions 36,857 33,675 31,811 28,060
Current tax liability*34 26,766 10,55935 5,096 4,880
Current liabilities (unlabelled subtotal) 180,609 154,68036 175,544 129,722
Total Equity and Liabilities37 591,435 442,38813 403,457 402,722
Bank overdraft38 (8,077) (3,656) (16,745) (1,919)
Current tax asset Not reported in this filing39 Not reported in this filing3940 440 –9
  1. Printed “—”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “—”, read as nil: subtotal_arithmetic: bs.current_assets.
  3. Printed “—”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
Notes and alternative reported figures (37)
  1. Printed under different labels across filings: “Right of use of asset”; “Right-of-use asset”.
  2. Printed under different labels across filings: “Intangible assets”; “Intangible assets – Trademarks and Goodwill”.
  3. “Investments and loans” is an issuer-specific line, not mapped to a shared definition: Note 15.2 (non-current).
  4. “Financial assets at amortised cost” is an issuer-specific line, not mapped to a shared definition: Note 18.1.
  5. Printed under different labels across filings: “Financial assets at amortised cost”; “Financial assets at armotised cost”.
  6. Printed under different labels across filings: “Trade and other receivables”; “Trade and other receivables*”.
  7. Annual report dated 2025-05-15 prints 40 112 (thousands, p41) for this line and year.
  8. Not reported in this filing: Not printed: the FY2024 Group Statement of Financial Position (p1) prints 'Financial assets at amortised cost' only under non-current assets (1 435 for 2023, transcribed as the non-current line); its current assets are 'Inventories', 'Trade and other receivables', 'Other assets', 'Current tax asset', 'Financial Asset at fair value' and 'Cash and cash equivalents'. Text layer; statement page also viewed on the page image.
  9. Annual report dated 2025-05-15 prints 233 343 (thousands, p41) for this line and year.
  10. Printed under different labels across filings: “TOTAL ASSETS”; “Total Assets”.
  11. Annual report dated 2025-05-15 prints 447 909 (thousands, p41) for this line and year.
  12. Printed under different labels across filings: “Issued share capital”; “Share capital”.
  13. Printed under different labels across filings: “Share Premium”; “Share premium”.
  14. “Share options reserve” is an issuer-specific line, not mapped to a shared definition: Equity.
  15. Printed under different labels across filings: “Share option reserve”; “Share options reserve”.
  16. “Share buyback” is an issuer-specific line, not mapped to a shared definition: Equity: shares bought back (negative).
  17. “Foreign currency translation reserve” is an issuer-specific line, not mapped to a shared definition: Equity.
  18. Printed under different labels across filings: “Retained earnings”; “Retained earnings*”.
  19. Annual report dated 2025-05-15 prints 260 922 (thousands, p41) for this line and year.
  20. “Adjustment arising from change in non controlling interest” is an issuer-specific line, not mapped to a shared definition: Equity (negative).
  21. Printed under different labels across filings: “Adjustment arising from change in non controlling interest”; “Other reserves - Arising from change in ownership”.
  22. Printed under different labels across filings: “Equity attributable to equity holders of the parent”; “Equity attributed to equity holders of the parent”.
  23. Annual report dated 2025-05-15 prints 295 935 (thousands, p41) for this line and year.
  24. Printed under different labels across filings: “Non-controlling interest”; “Non-controlling interests”.
  25. Printed under different labels across filings: “Shareholders' equity”; “Total shareholders' equity”.
  26. Annual report dated 2025-05-15 prints 287 504 (thousands, p41) for this line and year.
  27. Printed under different labels across filings: “Long term borrowings”; “Long-term borrowings”.
  28. Printed under different labels across filings: “Long term lease liability”; “Long-term lease liability”; “Long-term lease liablity”.
  29. Printed under different labels across filings: “Short term borrowings”; “Short-term borrowings”.
  30. Printed under different labels across filings: “Short term Lease liability”; “Short term lease liability”; “Short-term Lease liability”.
  31. Printed under different labels across filings: “Current tax liability”; “Current tax liability*”.
  32. Annual report dated 2025-05-15 prints 11 981 (thousands, p41) for this line and year.
  33. Annual report dated 2025-05-15 prints 156 102 (thousands, p41) for this line and year.
  34. Printed under different labels across filings: “Total Equity and Liabilities”; “Total equity and liabilities”.
  35. “Bank overdraft” is an issuer-specific line, not mapped to a shared definition: Note 24.6: bank overdraft deducted from bank balances and cash in the statement of cash flows' analysis of cash and cash equivalents (printed negative); not a separate line on the face of the statement of financial position.
  36. Not reported in this filing: Not printed: the FY2026 Consolidated Statement of Financial Position (p39) has no current tax asset line; its current assets are 'Inventories', 'Trade and other receivables*', 'Other assets', 'Financial assets at amortised cost' and 'Cash and cash equivalents'. Tax appears only as 'Current tax liability*' under current liabilities. Text layer.
  37. Annual report dated 2025-05-15 presents this line for this year: — (p41). Not shown in this column, which follows one filing's presentation.

Cash flow

Cash flow, USD thousands. Columns: FY to 31 Mar 2026 — annual report (signed / final), as reported for the year; FY to 31 Mar 2025 — annual report (signed / final), comparative reported in the annual report for 2026; FY to 31 Mar 2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY to 31 Mar 2023 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2024.
Line (as printed) FY to 31 Mar 2026Annual reportreported for the yearFY to 31 Mar 2025Annual reportcomparative in FY to 31 Mar 2026 filingsource limitationsFY to 31 Mar 2024Annual reportcomparative in FY to 31 Mar 2025 filingsource limitationsFY to 31 Mar 2023Published summary of audited statements (summary)comparative in FY to 31 Mar 2024 filingsource limitations
Cash generated from operating activities*12 250,708 167,9163 148,733 128,854
Decrease in working capital*45 (51,776) (45,535)6 (25,880) (41,482)
Cash generated from operations 198,932 122,381 122,853 87,372
Interest received78 1,751 979 154 59
Interest paid910 (3,947) (2,798) (3,060) (6,692)
Interest paid on lease liability11 (417) (483) (411) (184)
Income tax paid (34,301) (21,043) (16,550) (21,121)
Net cash flow from operating activities 162,018 99,036 102,986 59,434
Additions in investments and loans1213 (9,815) (9,715) (5,062) (8,386)
Repayments of investments and loans14 5,547 9,511 1,802 1,676
Purchase of property, plant and equipment to expand operations15 (29,492) (31,558) (39,659) (33,041)
Purchase of property, plant and equipment to maintain operations1617 (14,438) (8,255) (8,439) (12,833)
Proceeds on disposal of property, plant and equipment 177 26 6 74
Net cash utilised in investing activities (48,021) (39,991) (51,352) (52,510)
Dividends paid by company (56,954) (39,498) (33,592) (16,876)
Dividends paid by subsidiaries18 (699) (522) (544) (231)
Dividends received19 –20 10 –20 Not reported in this filing21
Purchase of shares in subsidiary22 (6,632) (83) (52) (232)
Repayment of short-term lease liability23 (1,783) (1,265) (1,387) (575)
Loans raised 22,518 17,911 15,958 5,299
Repayment of borrowings (41,019) (8,645) (18,544) (13,026)
Share buy back2425 –20 (1,667) (3,505) –20
Net cash utilised in financing activities (84,569) (33,759) (41,666) (25,641)
Increase in cash and cash equivalents before effects of currency translation26 29,428 25,286 9,968 (18,720)
Effects of currency translation on cash and cash equivalents (4,108) (11,028) (5,606) 6,176
Effects of currency translation on cash and cash equivalents - foreign operations27 (265) 25 118 4,070
Net increase in cash and cash equivalents28 25,055 14,283 (4,428) (11,754)
Cash and cash equivalents at beginning of year 23,948 9,665 14,093 25,847
Cash and cash equivalents at acquisition of subsidiary29 (314) –30 Not reported in this filing31 Not reported in this filing32
Cash and cash equivalents at end of year 48,689 23,948 9,665 14,093
opening cash and cash equivalents33 Not reported in this filing34 Not reported in this filing3435 (14,085) Not reported in this filing36
Effects of IAS 29 on cash and cash equivalents37 Not reported in this filing38 Not reported in this filing3835 5,177 6,839
Impact of currency change on opening cash and cash equivalents39 Not reported in this filing40 Not reported in this filing40 Not reported in this filing4241 (10,119)
  1. Printed “—”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
  2. Printed “—”, read as nil: subtotal_arithmetic: cf.cash_at_end.
Notes and alternative reported figures (40)
  1. “Cash generated from operating activities*” is an issuer-specific line, not mapped to a shared definition: Note 24.1: operating cash flow before working-capital changes.
  2. Printed under different labels across filings: “Cash flow from operating activities”; “Cash generated from operating activities”; “Cash generated from operating activities*”.
  3. Annual report dated 2025-05-15 prints 173 437 (thousands, p41) for this line and year.
  4. “Decrease in working capital*” is an issuer-specific line, not mapped to a shared definition: Note 24.2 (printed as negative amounts).
  5. Printed under different labels across filings: “Decrease in working capital”; “Decrease in working capital*”.
  6. Annual report dated 2025-05-15 prints (51 056) (thousands, p41) for this line and year.
  7. “Interest received”: mapping to a shared definition is uncertain. Printed 'Finance income' in operating activities: interest received.
  8. Printed under different labels across filings: “Finance income”; “Interest received”.
  9. “Interest paid”: mapping to a shared definition is uncertain. Printed 'Finance charges' in operating activities (lease interest is a separate line); FY2026 prints 'Interest paid'.
  10. Printed under different labels across filings: “Finance charges”; “Interest paid”.
  11. Printed under different labels across filings: “Interest paid on lease liability”; “Interest paid on short term lease liability”.
  12. “Additions in investments and loans” is an issuer-specific line, not mapped to a shared definition: Investing.
  13. Printed under different labels across filings: “Additions in investments and loans”; “Increase in investments and loans”.
  14. “Repayments of investments and loans” is an issuer-specific line, not mapped to a shared definition: Investing.
  15. “Purchase of property, plant and equipment to expand operations” is an issuer-specific line, not mapped to a shared definition: Investing.
  16. “Purchase of property, plant and equipment to maintain operations” is an issuer-specific line, not mapped to a shared definition: Investing.
  17. Printed under different labels across filings: “Purchase of property, plant and equipment to maintain operations”; “Purchase of property, plant and equipment to mantain operations”.
  18. “Dividends paid by subsidiaries” is an issuer-specific line, not mapped to a shared definition: Financing (note 24.4): dividends paid to non-controlling shareholders.
  19. “Dividends received” is an issuer-specific line, not mapped to a shared definition: Presented in financing activities.
  20. Not reported in this filing: Not printed: the FY2024 Consolidated Statement of Cash Flows (p2) has no 'Dividends received' line; its financing lines are 'Dividends paid by company', 'Dividends paid by subsidiaries', 'Purchase of shares in subsidiary', 'Repayment of lease liability', 'Loans raised', 'Repayment of borrowings' and 'Share buy back'. Checked on the page image (p2).
  21. “Purchase of shares in subsidiary” is an issuer-specific line, not mapped to a shared definition: Financing.
  22. Printed under different labels across filings: “Repayment of lease liability”; “Repayment of short-term lease liability”.
  23. “Share buy back” is an issuer-specific line, not mapped to a shared definition: Financing.
  24. Printed under different labels across filings: “Share Buy back”; “Share buy back”.
  25. Printed under different labels across filings: “(Decrease)/increase in cash and cash equivalents before effects of currency translation”; “Increase in cash and cash equivalents before effects of currency translation”; “Net increase in cash and cash equivalents”.
  26. “Effects of currency translation on cash and cash equivalents - foreign operations” is an issuer-specific line, not mapped to a shared definition: Cash reconciliation.
  27. “Net increase in cash and cash equivalents” is an issuer-specific line, not mapped to a shared definition: Printed subtotal: increase before currency translation plus both currency-translation effects (cash reconciliation memo; the closing-cash check bridges the effects directly).
  28. “Cash and cash equivalents at acquisition of subsidiary” is an issuer-specific line, not mapped to a shared definition: Cash reconciliation (note 7.1).
  29. Not reported in this filing: Not printed: the FY2025 Consolidated Statement of Cashflows (p41) has no 'Cash and cash equivalents at acquisition of subsidiary' line; it goes from 'Net increase in cash and cash equivalents' and 'Cash and cash equivalents at beginning of year' to 'Cash and cash equivalents at end of year'. Text layer.
  30. Not reported in this filing: Not printed: the FY2024 Consolidated Statement of Cash Flows (p2) has no 'Cash and cash equivalents at acquisition of subsidiary' line; it goes from 'Net increase in cash and cash equivalents' (11 754) and 'Cash and cash equivalents at beginning of year' to 'Cash and cash equivalents at end of year'. Checked on the page image (p2).
  31. “opening cash and cash equivalents” is an issuer-specific line, not mapped to a shared definition: Cash reconciliation; '—' in 2025.
  32. Not reported in this filing: Not printed: the FY2026 Consolidated Statement of Cashflows (p39) has no 'Foreign exchange impact of translating to presentation currency on opening cash and cash equivalents' line; after 'Increase in cash and cash equivalents before effects of currency translation' it prints 'Effects of currency translation on cash and cash equivalents' and '... - foreign operations' only. Text layer.
  33. Annual report dated 2025-05-15 presents this line for this year: — (p41). Not shown in this column, which follows one filing's presentation.
  34. Not reported in this filing: Not printed under this label: the FY2024 Consolidated Statement of Cash Flows (p2) has no 'Foreign exchange impact of translating to presentation currency on opening cash and cash equivalents' line. The comparable printed line is 'Impact of currency change on opening cash and cash equivalents' (10 119), transcribed under native.co_8gnb19pznp5j.fx_effect_currency_change_opening_cash. Checked on the page image (p2).
  35. “Effects of IAS 29 on cash and cash equivalents” is an issuer-specific line, not mapped to a shared definition: Cash reconciliation; '—' in 2025.
  36. Not reported in this filing: Not printed: the FY2026 Consolidated Statement of Cashflows (p39) has no 'Effects of IAS 29 on cash and cash equivalents' line; after 'Increase in cash and cash equivalents before effects of currency translation' it prints 'Effects of currency translation on cash and cash equivalents' and '... - foreign operations' only. Text layer.
  37. “Impact of currency change on opening cash and cash equivalents” is an issuer-specific line, not mapped to a shared definition: Cash reconciliation.
  38. Not reported in this filing: Not printed: the FY2026 Consolidated Statement of Cashflows (p39) has no 'Impact of currency change on opening cash and cash equivalents' line; after 'Increase in cash and cash equivalents before effects of currency translation' it prints 'Effects of currency translation on cash and cash equivalents' and '... - foreign operations' only. Text layer.
  39. Published summary of audited statements dated 2024-05-15 presents this line for this year: (14 085) (p2). Not shown in this column, which follows one filing's presentation.
  40. Not reported in this filing: Not printed under this label: the FY2025 Consolidated Statement of Cashflows (p41) has no 'Impact of currency change on opening cash and cash equivalents' line. The comparable printed line is 'Foreign exchange impact of translating to presentation currency on opening cash and cash equivalents' (14 085) for 2024 (label wraps over two lines), transcribed under native.co_8gnb19pznp5j.fx_presentation_currency_opening_cash. Text layer.

Per share and shares

Per share and shares. Columns: FY to 31 Mar 2026 — annual report (signed / final), as reported for the year; FY to 31 Mar 2025 — annual report (signed / final), comparative reported in the annual report for 2026; FY to 31 Mar 2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY to 31 Mar 2023 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2024.
Line (as printed) FY to 31 Mar 2026Annual reportreported for the yearFY to 31 Mar 2025Annual reportcomparative in FY to 31 Mar 2026 filingsource limitationsFY to 31 Mar 2024Annual reportcomparative in FY to 31 Mar 2025 filingsource limitationsFY to 31 Mar 2023Published summary of audited statements (summary)comparative in FY to 31 Mar 2024 filingsource limitations
Earnings / (loss) per share (per share)812 0.11473 0.086445 0.07716 0.04847
Profit / (loss) attributable to shareholders (USD thousands)10 152,303 114,1249 100,994 65,392
  1. Printed as 11.47 cents; value converted to USD at 100 cents = 1 USD.
  2. Printed as 8.64 cents; value converted to USD at 100 cents = 1 USD.
  3. Printed as 7.71 cents; value converted to USD at 100 cents = 1 USD.
  4. Printed as 4.84 cents; value converted to USD at 100 cents = 1 USD.
Notes and alternative reported figures (6)
  1. “- Basic earnings*”: mapping to a shared definition is uncertain. Basic earnings per share in US cents (header 'EARNINGS PER SHARE (CENTS)', note 5.5); diluted is printed separately and differs (8.65; 2024: 7.58, issuer concept); headline earnings per share 8.79 (2024: 7.72).
  2. Printed under different labels across filings: “- Basic earnings”; “- Basic earnings*”; “Basic earnings”.
  3. Annual report dated 2025-05-15 prints 8.79 (units, p40) for this line and year.
  4. Earnings / (loss) per share: printed as “- Basic earnings*”.
  5. Annual report dated 2025-05-15 prints 118 223 (thousands, p40) for this line and year.
  6. Profit / (loss) attributable to shareholders: printed as “Owners of the parent”.

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.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Mar 2026 Dividends paid (cash flow statement) Dividends paid by company (56,954) USD thousands Annual report, p39
31 Mar 2025 Dividends paid (cash flow statement) Dividends paid by company (39,498) USD thousands Annual report, p39
31 Mar 2024 Dividends paid (cash flow statement) Dividends paid by company (33,592) USD thousands Annual report, p41
31 Mar 2023 Dividends paid (cash flow statement) Dividends paid by company (16,876) USD thousands Summary statements, p2

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.

  • Delta Corporation Limited Annual Report 2026

    Year ended 31 March 2026 · Annual report · signed / final

    Audit: Ernst & Young, Chartered Accountants (Zimbabwe), unmodified opinion · signed

    Auditor's sign-off: Ernst & Young, Chartered Accountants (Zimbabwe), Registered Public Auditors; engagement partner Walter Mupanguri

    Final status: Independent auditor's report on the consolidated and separate financial statements (PDF pp36-38, left halves) with an unmodified opinion and an emphasis of matter on tax disputes, signed 'Ernst & Young' (signature image), Chartered Accountants (Zimbabwe), Registered Public Auditors, Harare, 14 May 2026; engagement partner Walter Mupanguri (PDF p38, page image). The statements were approved by the board on 14 May 2026 and signed by T Moyo (chairman) and M M Valela (CEO) (PDF p36, page image); the statement of financial position is signed by M M Valela and A Makamure (PDF p39, page image).

    Document date
    14 May 2026
    Auditor's report
    14 May 2026
    Board approval
    14 May 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 31 Mar 2026, FY to 31 Mar 2025
    Basis
    consolidated statements · USD thousands (printed “US$'000”)
    • Two printed pages per PDF page: PDF p38 right half is printed folio 73, PDF p39 holds folios 74 (financial position) and 75 (cash flows). The statement of financial position prints no total-liabilities line and leaves the non-current/current subtotals unlabelled. Purchases of property, plant and equipment are printed on two lines (expand / maintain operations) without a total.
    • All comparatives (year ended 31 March 2025) are printed under 'Restated 2025': rebates receivable were re-measured (note 30). Lines marked * on the face (operating costs, income tax, profit, EPS, trade receivables, retained earnings, current tax, cash generated from operating activities, working capital) carry the change.
    • Earnings per share is printed in US cents (basic 11.47; 2025 restated 8.64), stored in dollars with the printed unit kept; diluted (11.30; 8.35) differs from basic.
    Technical details
    File
    91 pages, with a text layer
    SHA-256
    b0cff8d823f040f6c3f75690a802362ffab805da3f2894e00a95e628f924d8be
    Entity as printed
    Delta Corporation Limited and its subsidiaries ("the Group")
    Issuer copy
    retrieved 2026-10-08T20:39:15Z

  • Delta Corporation Limited Annual Report 2025

    Year ended 31 March 2025 · Annual report · signed / final

    Audit: Ernst & Young, Chartered Accountants (Zimbabwe), qualified opinion · signed

    Auditor's sign-off: Ernst & Young, Chartered Accountants (Zimbabwe), Registered Public Auditors; engagement partner Walter Mupanguri

    Final status: Independent auditor's report on the consolidated and company financial statements (PDF pp38-40, right half of p38 to left half of p40) with a QUALIFIED opinion and an emphasis of matter on tax disputes, signed 'Ernst & Young' (signature image), Chartered Accountants (Zimbabwe), Registered Public Auditors, Harare, 15 May 2025; engagement partner Walter Mupanguri (PDF p40, page image). The statements were approved by the board on 15 May 2025 and signed by T Moyo (chairman) and M M Valela (CEO) (PDF p38 left half, page image); the statement of financial position is signed by M M Valela and A Makamure (PDF p41, page image).

    Document date
    15 May 2025
    Auditor's report
    15 May 2025
    Board approval
    15 May 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 31 Mar 2024
    Basis
    consolidated statements · USD thousands (printed “US$'000”)
    • Basis for Qualified Opinion: non-compliance with IAS 21 and IAS 8 — in the prior year management translated foreign-currency transactions and balances at a transaction rate that was not a spot rate (the auction or willing-buyer-willing-seller rate should have been used); the resulting prior-year errors (also affecting the IAS 29 application in the first half of the prior year) were not corrected retrospectively, so the corresponding amounts for retained earnings, revenue, operating costs, exchange loss and income tax expense remain affected; material but not pervasive (PDF p38 right half - p39).
    • Two printed pages per PDF page: PDF p40 right half is printed folio 77, PDF p41 holds folios 78 (financial position) and 79 (cash flows). The statement of financial position prints no total-liabilities line and leaves the non-current/current subtotals unlabelled. Purchases of property, plant and equipment are printed on two lines (expand / maintain operations) without a total.
    • Earnings per share is printed in US cents (basic 8.79; 2024: 7.71), stored in dollars with the printed unit kept; diluted (8.65; 7.58) differs from basic and is kept as an issuer concept.
    • These are the FY2025 figures as originally reported. The FY2026 annual report (fin-r1-w08) restates the 2025 comparatives (e.g. operating costs (660 384) there against (654 863) here; rebates receivable re-measured, note 30 there).
    Technical details
    File
    100 pages, with a text layer
    SHA-256
    d0e31a59e87f565ac387ad347ba829d6d3ec7082a6d21d3a6a0cc6f86b5ac4f6
    Entity as printed
    Delta Corporation Limited and its subsidiaries ('the Group')
    Issuer copy
    retrieved 2026-10-08T20:39:20Z

  • Audited Financial Information for the year ended 31 March 2024

    Year ended 31 March 2024 · Published summary of audited statements (summary) · final status not established

    Audit: Ernst & Young, 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 published by Delta Corporation Limited; the chairman's letter is signed 'S MOYO, Chairman, 15 May 2024' (typeset, PDF p5). No auditor's report on this summary is printed. Pages 7-11 reprint Ernst & Young's report on the full Consolidated Financial Statements 'set out on pages 12 to 61' (of the annual report), with an ADVERSE opinion, signed 'Ernst & Young' (signature image) Chartered Accountants (Zimbabwe), Harare, 15 May 2024; engagement partner Walter Mupanguri (PDF p11, page image). No board approval date for the statements is printed.

    Document date
    15 May 2024
    Auditor's report
    date not found in this document
    Board approval
    date not found in this document
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 31 Mar 2023
    Basis
    consolidated statements · USD thousands (printed “US$ 000”)
    • the auditor's opinion on the underlying full statements is adverse for both years; no derived comparison is reliable.
    • The auditor (Ernst & Young, Zimbabwe) gave an ADVERSE opinion on Delta Corporation Limited's full consolidated financial statements for the year ended 31 March 2024: it states they do not present fairly the Group's position, performance and cash flows under IFRS. The reasons: an internally generated 'transaction rate' rather than a legal spot rate (auction or willing-buyer-willing-seller) was used to translate foreign transactions and balances (IAS 21), affecting both years, and the prior-year errors were not corrected retrospectively (IAS 8) — revenue US$767,871,000, net operating costs US$615,533,000, exchange loss US$41,535,000, income tax US$3,861,000 and retained earnings US$182,055,000 are among the lines affected, with misstatements not quantified; a prior-year uplift of returnable containers (IAS 16) was corrected prospectively instead of retrospectively, affecting property, plant and equipment, retained earnings, deferred and current tax, non-controlling interests, net operating costs, monetary loss and tax; and the IAS 29 net monetary loss of US$8,995,000 (2023: US$34,841,000) rests on those non-compliant figures. The figures here are the abridged statements as published and should not be read as a fair presentation. (auditor's report, PDF pp7-9; verified on the page images)
    • Basis for Adverse Opinion (PDF pp7-9): Non-compliance with IAS 21 and IAS 8 (exchange rate used in the prior year and current year); prior-year non-compliance with IAS 16 and current-year incorrect application of IAS 8 (returnable containers); consequential impact on IAS 29. Reported on the full consolidated financial statements, reprinted in this publication.
    • Statement of cash flows, 2023 restated column (p2): net operating 59 434, investing (52 510) and financing (25 641) add to (18 717), but 'Net increase in cash and cash equivalents' prints (18 720) (difference 3, rounding on conversion); all figures kept as printed and checked on the render.
    • Earnings per share is headed 'Earnings per share (ZW$ cents)' (p1), although the statements are in US$ and the figures (basic 7.71; 2023: 4.84) are consistent with US cents (the Key Highlights table prints 'Headline Earnings per share (cents)' 7.72). Stored with the printed unit 'cents'; the header's 'ZW$' is an issuer inconsistency. The cash-flow statement is headed 'HISTORIC COST'. 'Net increase in cash and cash equivalents' is printed twice: before (9 968) and after (-4 428) the currency-translation and IAS 29 effects.
    • All 2023 comparatives are headed 'RESTATED': previously reported in ZW$, converted to the new US$ presentation currency (note 10; functional currency changed to US$ from 1 October 2023).
    • Directors' cautionary note (note 10.3, p3): the figures combine inflation-adjusted ZW$ data converted at estimated exchange rates and US$ transactions, and may not reflect underlying business performance.
    • No auditor's report on the summary is printed. Note 7 (p3): 'These abridged consolidated annual financial statements and financial information have been prepared under the supervision of Mr Alex Makamure FCA(Z) ... and have been audited by external auditors in terms of the Companies and Other Business Entities Act (Chapter 24:31).' Note 18 (p4): 'The auditors have issued an adverse opinion ... The audit opinion on the Group's abridged consolidated annual financial information is available for inspection at the Company's registered office.' The reprinted report (pp7-11) is on the full Consolidated Financial Statements (pages 12 to 61), ADVERSE opinion, Ernst & Young, 15 May 2024.
    • Abridged consolidated statements: financial position (three columns: 31 March 2024, restated 2023, restated 2022) and profit or loss and OCI (PDF p1); cash flows (headed 'HISTORIC COST') and changes in shareholders' equity (p2); supplementary notes and segments (pp2-4). Condensed lines; no separate company statements; no total-liabilities line and unlabelled non-current/current subtotals.
    Technical details
    File
    11 pages, with a text layer
    SHA-256
    d226a7d612d4d423007a9e89d4d4793f88ea8d5d66c244caa378ea72cbddbbf3
    Entity as printed
    Delta Corporation Limited and its subsidiaries ('the Group')
    Exchange copy
    retrieved 2026-10-08T20:47:02Z

Data notes

  • Income tax expense* — Printed '( 22 382)'; read as '(22382)'. Printed with a space after the opening parenthesis and a space as thousands separator; read as the amount shown. (Delta Corporation Limited Annual Report 2026, p38)
  • Foreign exchange differences on translation of foreign operations — Printed '( 8 999)'; read as '(8999)'. Printed with a space after the opening parenthesis and a space as thousands separator; read as the amount shown. (Delta Corporation Limited Annual Report 2026, p38)
  • Share of other comprehensive income of associate — Printed '( 1 237)'; read as '(1237)'. Printed with a space after the opening parenthesis and a space as thousands separator; read as the amount shown. (Delta Corporation Limited Annual Report 2026, p38)
  • Total other comprehensive income for the year — Printed '( 10 236)'; read as '(10236)'. Printed with a space after the opening parenthesis and a space as thousands separator; read as the amount shown. (Delta Corporation Limited Annual Report 2026, p38)

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