Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text; matched to OCR text and compared cell by cell with the page image; read from the page image) (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
Meikles
On this page
Company details
- Legal name
- Meikles Limited
- Listing
- MEIK.ZW on the Zimbabwe Stock Exchange, active · ISIN ZW0009012114 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 28 February
Overview
Year ended 28 February 2025 · published summary of audited statements, final status not established · source
Read with these figures
- Published summary of audited statements not confirmed as final. The published copy is not confirmed as the final version. The FY to 28 Feb 2025 figures come from it.
Full wording and sources
Published summary of audited statements for 2025: final status not established
Abridged results publication filed on the Zimbabwe Stock Exchange. It reprints EY's independent auditor's report on the complete inflation-adjusted consolidated financial statements (pp6-9; handwritten 'Ernst & Young' signature and date 17 July 2025 visible on the render of p9), which is not a report on this summary; no auditor's report on the summary is printed. The statement of financial position is signed by F. King (Acting Chairman) and T. Muzvagwandoga (Finance Director), 3 July 2025 (p11); the full statements were authorised for issue on 3 July 2025 (p15).
Source: Meikles Limited Audited Abridged Consolidated Financial Results 2025 (28 February '25) (dated 2025-07-17)
2025, 2024: figures from a published summary
These columns come from a summary of the audited statements, not the full audited financial statements. 'These audited abridged consolidated financial results have been extracted from the Group consolidated financial statements which have been prepared in accordance with IFRS® Accounting Standards ...' (p15) No auditor's report on the summary is printed. The publication reprints the independent auditor's report of Ernst & Young (Chartered Accountants (Zimbabwe), partner Mrs Wadzanai Makuwa, PAAB 0636) on the complete Inflation Adjusted Consolidated financial statements (pp6-9; contents page: 'Independent Auditor's Report – Is for the complete set of Consolidated Financial Statements', p3): unmodified opinion, 'In our opinion, the Inflation Adjusted Consolidated financial statements present fairly, in all material respects, the Inflation Adjusted Consolidated financial position of the group as at 28 February 2025 ...' (p6); key audit matter on lease modifications and incremental borrowing rates (p7); signed 'Ernst & Young', 17 July 2025 (p9). 'The auditor's opinion relates only to the inflation adjusted financial results' (p10). Consolidated statement of profit or loss and OCI (p10), statement of financial position (p11, with a third balance sheet at 1 March 2023), statement of changes in equity (p12) and statement of cash flows (p13; operating activities as a single total referenced to note 10.1), each in inflation-adjusted and supplementary historical-cost columns, and selected notes (pp15-31). No gross profit line; operating costs printed as one 'Net operating costs' line.
Source: Meikles Limited Audited Abridged Consolidated Financial Results 2025 (28 February '25) (dated 2025-07-17)
-
Revenue
ZWG 12.5 billion
12,519,772 ZWG thousands · p10
−1.8% vs 2024
-
Operating profit / (loss)
−ZWG 560 million
(559,932) ZWG thousands · p10
Change not shown.
-
Profit / (loss) for the year
−ZWG 252 million
(251,662) ZWG thousands · p10
Moved from profit to loss (FY to 29 Feb 2024: 429,208 ZWG thousands)
-
Total assets
ZWG 3.24 billion
3,237,454 ZWG thousands · p11
+26.8% vs 2024
-
Total equity
ZWG 1.51 billion
1,506,846 ZWG thousands · p11
−4.7% vs 2024
-
Cash from operations
−ZWG 305 million
(305,057) ZWG thousands · p13
Change not shown.
Large amounts are rounded for reading (ZWG million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Not shown: the prior-year figure is zero or negative.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in ZWG 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 28 Feb 2025 — published summary of audited statements (summary), final status not established; reported for the year · source
- FY to 29 Feb 2024 — published summary of audited statements (summary), final status not established; comparative in the FY to 28 Feb 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 audited abridged consolidated financial results have been extracted from the Group consolidated financial statements which have been prepared in accordance with IFRS® Accounting Standards ...' (p15) No auditor's report on the summary is printed. The publication reprints the independent auditor's report of Ernst & Young (Chartered Accountants (Zimbabwe), partner Mrs Wadzanai Makuwa, PAAB 0636) on the complete Inflation Adjusted Consolidated financial statements (pp6-9; contents page: 'Independent Auditor's Report – Is for the complete set of Consolidated Financial Statements', p3): unmodified opinion, 'In our opinion, the Inflation Adjusted Consolidated financial statements present fairly, in all material respects, the Inflation Adjusted Consolidated financial position of the group as at 28 February 2025 ...' (p6); key audit matter on lease modifications and incremental borrowing rates (p7); signed 'Ernst & Young', 17 July 2025 (p9). 'The auditor's opinion relates only to the inflation adjusted financial results' (p10). Consolidated statement of profit or loss and OCI (p10), statement of financial position (p11, with a third balance sheet at 1 March 2023), statement of changes in equity (p12) and statement of cash flows (p13; operating activities as a single total referenced to note 10.1), each in inflation-adjusted and supplementary historical-cost columns, and selected notes (pp15-31). No gross profit line; operating costs printed as one 'Net operating costs' line.
Income statement
| Line (as printed) | FY to 28 Feb 2025Published summary of audited statements (summary)reported for the year | FY to 29 Feb 2024Published summary of audited statements (summary)comparative in FY to 28 Feb 2025 filingsource limitations |
|---|---|---|
| Revenue | 12,519,772 | 12,755,227 |
| Cost of sales | (9,678,774) | (9,871,231) |
| Net operating costs | (3,400,930) | (3,281,241) |
| Operating (loss) / profit | (559,932) | (397,245) |
| Investment income1 | 11,292 | 10,478 |
| Finance costs | (44,009) | (33,646) |
| Exchange losses2 | (1,270,022) | –3 |
| Exchange gains4 | 1,071,024 | –3 |
| Net monetary gain5 | 628,192 | 1,613,378 |
| (Loss) / profit before tax | (163,455) | 914,122 |
| Income tax expense | (100,565) | (509,187) |
| (Loss) / profit for the year from continuing operations6 | (264,020) | 404,935 |
| Profit for the year from discontinued operations7 | 12,358 | 24,273 |
| (LOSS) / PROFIT FOR THE YEAR | (251,662) | 429,208 |
| Other comprehensive income for the year net of tax | 284,286 | 58,625 |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 32,624 | 487,833 |
| Non-controlling interests8 | (95,655) | 207,150 |
| Net exchange (losses) / gains*** | –3 | (278,843) |
- Printed “-”; reading unresolved, so no amount is shown. Printed dash, read on the page image (p10); recorded as printed and not interpreted as nil.
Notes and alternative reported figures (7)
- “Investment income” is an issuer-specific line, not mapped to a shared definition: Note 7.1: printed below operating profit.
- “Exchange losses” is an issuer-specific line, not mapped to a shared definition: Printed separately in 2025 (net in 2024).
- “Exchange gains” is an issuer-specific line, not mapped to a shared definition: Printed separately in 2025 (net in 2024).
- “Net monetary gain” is an issuer-specific line, not mapped to a shared definition: IAS 29 gain on the net monetary position.
- “(Loss) / profit for the year from continuing operations” is an issuer-specific line, not mapped to a shared definition: After tax, continuing operations.
- “Profit for the year from discontinued operations” is an issuer-specific line, not mapped to a shared definition: Note 9.1.
- “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Share of the year's result attributable to non-controlling interests.
Balance sheet
| Line (as printed) | FY to 28 Feb 2025Published summary of audited statements (summary)reported for the year | FY to 29 Feb 2024Published summary of audited statements (summary)comparative in FY to 28 Feb 2025 filingsource limitations |
|---|---|---|
| Property, plant and equipment | 551,126 | 610,215 |
| Investment property | 74,064 | 33,008 |
| Right of use assets | 579,842 | 388,385 |
| Other financial assets1 | 287,360 | 144,204 |
| Deferred tax | 2,798 | 3,854 |
| Total non-current assets | 1,495,190 | 1,179,666 |
| Inventories | 854,150 | 921,980 |
| Trade and other receivables | 224,094 | 140,243 |
| Other financial assets1 | 1,879 | 266 |
| Cash and bank balances | 604,438 | 311,536 |
| Assets held for sale2 | 57,703 | –3 |
| Total current assets | 1,742,264 | 1,374,025 |
| Total assets | 3,237,454 | 2,553,691 |
| Share capital | 12,855 | 12,855 |
| Share premium | 16,041 | 16,041 |
| Other reserves4 | 545,369 | 261,083 |
| Retained earnings | 453,058 | 707,746 |
| Equity attributable to equity holders of the parent | 1,027,323 | 997,725 |
| Non-controlling interests | 479,523 | 583,465 |
| Total equity | 1,506,846 | 1,581,190 |
| Deferred tax | 215,702 | 391,589 |
| Lease liabilities | 143,478 | 9,143 |
| Total non-current liabilities | 359,180 | 400,732 |
| Trade, other payables, and provisions | 1,185,804 | 528,456 |
| Borrowings | 82,496 | 14,957 |
| Lease liabilities | 76,269 | 28,356 |
| Liabilities relating to assets classified as held for sale5 | 26,859 | –6 |
| Total current liabilities | 1,371,428 | 571,769 |
| Total liabilities | 1,730,608 | 972,501 |
| Total equity and liabilities | 3,237,454 | 2,553,691 |
| Cash and bank balances from discontinued operations7 | 12,765 | –8 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
- Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
- Printed “-”; reading unresolved, so no amount is shown. Printed dash, read on the page image (p13); recorded as printed and not interpreted as nil.
Notes and alternative reported figures (5)
- “Other financial assets” is an issuer-specific line, not mapped to a shared definition: Note 14.
- “Assets held for sale” is an issuer-specific line, not mapped to a shared definition: Note 9.3.
- “Other reserves” is an issuer-specific line, not mapped to a shared definition: Other reserves (incl. foreign currency translation).
- “Liabilities relating to assets classified as held for sale” is an issuer-specific line, not mapped to a shared definition: Note 9.3.
- “Cash and bank balances from discontinued operations” is an issuer-specific line, not mapped to a shared definition: Cash of the disposal group held for sale (note 9.3), included in closing cash of the cash-flow statement.
Cash flow
| Line (as printed) | FY to 28 Feb 2025Published summary of audited statements (summary)reported for the year | FY to 29 Feb 2024Published summary of audited statements (summary)comparative in FY to 28 Feb 2025 filingsource limitations |
|---|---|---|
| Net cash (used in) / generated from operating activities | (305,057) | (1,390,903) |
| Net cash used in investing activities | (148,846) | (198,694) |
| Proceeds from interest-bearing borrowings – continuing operations | 64,363 | –1 |
| Repayment of interest-bearing borrowings – continuing operations | (1,938) | –1 |
| Finance costs; other – continuing operations2 | (9) | (28) |
| Lease payment; principal – continuing operations3 | (31,236) | (29,229) |
| Lease payments; principal – discontinued operations4 | (638) | (125) |
| Lease payments; finance costs – continuing operations5 | (39,622) | (28,181) |
| Lease payments; finance costs – discontinued operations6 | (238) | (43) |
| Dividend paid – ordinary shareholders | (90,336) | (147,363) |
| Dividend paid – non-controlling interests7 | (8,287) | (45,252) |
| Net cash used in financing activities | (107,941) | (250,221) |
| Net (decrease) / increase in cash and bank balances | (561,844) | (1,839,818) |
| Cash and bank balances at the beginning of the period | 311,536 | 431,107 |
| - foreign operations8 | 134,265 | 58,625 |
| Net effect of exchange rate changes on cash and bank balances | 217,002 | 227,978 |
| Effects of inflation adjustments9 | 516,244 | 1,433,644 |
| Cash and bank balances at the end of the year | 617,203 | 311,536 |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (8)
- “Finance costs; other – continuing operations” is an issuer-specific line, not mapped to a shared definition: Financing activities.
- “Lease payment; principal – continuing operations”: mapping to a shared definition is uncertain. Continuing operations only; discontinued operations' lease principal is printed on a separate line.
- “Lease payments; principal – discontinued operations” is an issuer-specific line, not mapped to a shared definition: Financing activities.
- “Lease payments; finance costs – continuing operations” is an issuer-specific line, not mapped to a shared definition: Financing activities: interest on lease liabilities.
- “Lease payments; finance costs – discontinued operations” is an issuer-specific line, not mapped to a shared definition: Financing activities.
- “Dividend paid – non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Financing activities.
- “- foreign operations” is an issuer-specific line, not mapped to a shared definition: Reconciling item between opening and closing cash.
- “Effects of inflation adjustments” is an issuer-specific line, not mapped to a shared definition: IAS 29 reconciling item between opening and closing cash.
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.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 28 Feb 2025 | Dividends paid (cash flow statement) | Dividend paid – ordinary shareholders |
(90,336) | ZWG thousands | Summary statements, p13 |
| 29 Feb 2024 | Dividends paid (cash flow statement) | Dividend paid – ordinary shareholders |
(147,363) | ZWG thousands | Summary statements, p13 |
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.
-
Meikles Limited Audited Abridged Consolidated Financial Results 2025 (28 February '25)
Year ended 28 February 2025 · 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 results publication filed on the Zimbabwe Stock Exchange. It reprints EY's independent auditor's report on the complete inflation-adjusted consolidated financial statements (pp6-9; handwritten 'Ernst & Young' signature and date 17 July 2025 visible on the render of p9), which is not a report on this summary; no auditor's report on the summary is printed. The statement of financial position is signed by F. King (Acting Chairman) and T. Muzvagwandoga (Finance Director), 3 July 2025 (p11); the full statements were authorised for issue on 3 July 2025 (p15).
- Document date
- 17 Jul 2025
- Auditor's report
- date not found in this document
- Board approval
- 3 Jul 2025
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY to 28 Feb 2025, FY to 29 Feb 2024
- Basis
- consolidated statements · ZWG thousands (printed “ZWG 000”)
- Closing cash in the cash-flow statement (617,203) includes 12,765 of discontinued operations; the balance sheet's 'Cash and bank balances' (604,438) are continuing operations only (p13).
- Comparatives (29 February 2024) are restated for the change in functional and presentation currency to ZWG (note 2.3; 'Restated**'). Exchange losses and gains are printed separately in 2025 and as one net line in 2024 (p10).
- Earnings per share printed in ZWG cents ((59.76); 2024: 85.06); stored in ZWG (÷100) with the printed figure and unit kept.
- No auditor's report on the summary is printed. The publication reprints the independent auditor's report of Ernst & Young (Chartered Accountants (Zimbabwe), partner Mrs Wadzanai Makuwa, PAAB 0636) on the complete Inflation Adjusted Consolidated financial statements (pp6-9; contents page: 'Independent Auditor's Report – Is for the complete set of Consolidated Financial Statements', p3): unmodified opinion, 'In our opinion, the Inflation Adjusted Consolidated financial statements present fairly, in all material respects, the Inflation Adjusted Consolidated financial position of the group as at 28 February 2025 ...' (p6); key audit matter on lease modifications and incremental borrowing rates (p7); signed 'Ernst & Young', 17 July 2025 (p9). 'The auditor's opinion relates only to the inflation adjusted financial results' (p10).
- Consolidated statement of profit or loss and OCI (p10), statement of financial position (p11, with a third balance sheet at 1 March 2023), statement of changes in equity (p12) and statement of cash flows (p13; operating activities as a single total referenced to note 10.1), each in inflation-adjusted and supplementary historical-cost columns, and selected notes (pp15-31). No gross profit line; operating costs printed as one 'Net operating costs' line.
Technical details
- File
- 33 pages, with a text layer
- SHA-256
c8f2a29b122c0bc74b3a22977a576bd389999375f17a79c5ddd24a6e2daa2b16- Entity as printed
- Meikles Limited and its subsidiaries ('the group')
- Exchange copy
- retrieved 2026-10-08T18:05:33Z
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; matched to OCR text and compared cell by cell with the page image; read from the page image) (17 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.