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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

OK Zimbabwe

OKZ.ZW · Zimbabwe Stock Exchange · Consolidated statements

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

Overview

Year ended 31 March 2025 · published summary of audited statements, final status not established · source

Read with these figures

  • Auditor's report on the full statements, year to 2025-03-31: modified opinion (not a report on this summary). Basis for qualified opinion: (1) Existence and valuation of the Group’s inventory balance of US$16,480,675 as at 31 March 2025 (US$25,262,734 as at 31 March 2024) — stock-count audit trails were not kept at all branches and FIFO costing showed variances, so KPMG could not obtain sufficient evidence on the existence or valuation of inventory or the related changes in trade inventories, merchandise and consumables used and income tax expense, and the unresolved prior-year inventory limitation carries into the comparatives; (2) Noncompliance with IAS 21 — a) on the change of functional currency from ZWL to US$ on 1 April 2024 the Group used implied transaction exchange rates instead of spot rates, misstating inventories, prepayments, property and equipment and deferred tax at 31 March 2024 and the net monetary gain for the year ended 31 March 2024 (which 'would have increased by an amount of US$15,816,206'), and affecting current-year inventories and cost of sales through the opening balances; b) from 1 November 2024 to 31 March 2025 ZWG transactions and balances were translated at instore exchange rates rather than spot rates, materially affecting trade and other payables, short term borrowings, inventory, changes in trade inventories and merchandise and consumables used, and exchange gains and losses, effects 'material but not pervasive' (KPMG, opinion on the complete consolidated financial statements, PDF pp8-9); the report also includes a material uncertainty related to going concern (net loss of US$28,958,212; current liabilities exceeding current assets by US$18,726,445; PDF p10); this is the auditor's report on the underlying full statements, reprinted in the summary, not an opinion on the summary
  • Published summary of audited statements not confirmed as final. The published copy is not confirmed as the final version. The FY to 31 Mar 2025 figures come from it.
Full wording and sources

  • Auditor's report on the full statements, year to 2025-03-31: modified opinion (not a report on this summary)

    Basis for qualified opinion: (1) Existence and valuation of the Group’s inventory balance of US$16,480,675 as at 31 March 2025 (US$25,262,734 as at 31 March 2024) — stock-count audit trails were not kept at all branches and FIFO costing showed variances, so KPMG could not obtain sufficient evidence on the existence or valuation of inventory or the related changes in trade inventories, merchandise and consumables used and income tax expense, and the unresolved prior-year inventory limitation carries into the comparatives; (2) Noncompliance with IAS 21 — a) on the change of functional currency from ZWL to US$ on 1 April 2024 the Group used implied transaction exchange rates instead of spot rates, misstating inventories, prepayments, property and equipment and deferred tax at 31 March 2024 and the net monetary gain for the year ended 31 March 2024 (which 'would have increased by an amount of US$15,816,206'), and affecting current-year inventories and cost of sales through the opening balances; b) from 1 November 2024 to 31 March 2025 ZWG transactions and balances were translated at instore exchange rates rather than spot rates, materially affecting trade and other payables, short term borrowings, inventory, changes in trade inventories and merchandise and consumables used, and exchange gains and losses, effects 'material but not pervasive' (KPMG, opinion on the complete consolidated financial statements, PDF pp8-9); the report also includes a material uncertainty related to going concern (net loss of US$28,958,212; current liabilities exceeding current assets by US$18,726,445; PDF p10); this is the auditor's report on the underlying full statements, reprinted in the summary, not an opinion on the summary

    Source: Audited Abridged Financial Results For the year ended 31 March 2025 (dated 2025-10-30)

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

    Abridged results publication filed on the Zimbabwe Stock Exchange. It reprints KPMG's independent auditors' report on the complete consolidated financial statements (pp8-15, Vinay Ramabhai for KPMG Chartered Accountants (Zimbabwe), 30 October 2025), which is not a report on this summary; no auditor's report on the summary is printed. The statement of financial position carries the handwritten signatures of H. Nkala (Chairman) and V.W. Zireva (Chief Executive Officer), 30 October 2025 (p3, page image).

    Source: Audited Abridged Financial Results For the year ended 31 March 2025 (dated 2025-10-30)

  • 2025, 2024: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'The Audited Short-Form Financial Announcement below is the responsibility of the Directors and is only a summary of the information in the full announcement' (p1); 'These financial statements should be read in conjunction with the complete set of financial statements for the year ended 31 March 2025 which have been audited by Messrs KPMG Chartered Accountants (Zimbabwe)' (p7) No auditor's report on the summary is printed. The publication states (p1 and p7, 'Audit Opinion'): 'These financial statements should be read in conjunction with the complete set of financial statements for the year ended 31 March 2025 which have been audited by Messrs KPMG Chartered Accountants (Zimbabwe) who expressed a qualified audit opinion ...', and reprints KPMG's report on the complete consolidated financial statements (pp8-15): 'Qualified opinion ... In our opinion, except for the possible effect of the matters described in the Basis for qualified opinion section of our report, the consolidated financial statements present fairly, in all material respects, ...' (p8). Basis for qualified opinion (pp8-9): (1) the auditors could not obtain sufficient appropriate evidence on the existence and valuation of inventory of US$16,480,675 at 31 March 2025 (US$25,262,734 at 31 March 2024; stock-count audit trail not kept at all branches, FIFO variances); (2) non-compliance with IAS 21: opening ZWL balances of inventories, prepayments and property and equipment translated at implied transaction rates on the 1 April 2024 change of functional currency (2024 net monetary gain and retained earnings would have been US$15,816,206 higher), and in-store exchange rates used from 1 November 2024 to 31 March 2025 (material, not pervasive). Handwritten 'KPMG' signature over Vinay Ramabhai's name, KPMG Chartered Accountants (Zimbabwe), 30 October 2025 (p15, page image). Short-form announcement with highlights (p1); audited consolidated statement of profit or loss and OCI (p2), statements of financial position (three columns), cash flows and changes in equity (p3), and abridged notes (pp4-7). No gross profit or operating profit subtotal is printed (nature-of-expense presentation).

    Source: Audited Abridged Financial Results For the year ended 31 March 2025 (dated 2025-10-30)

  • Revenue

    USD 245 million

    245,170,679 USD units · p2

    −52.0% vs 2024

  • Operating profit / (loss)

    Not reported in this filing

  • Profit / (loss) for the year

    −USD 25.0 million

    (25,031,057) USD units · p2

    Change not shown.

  • Total assets

    USD 102 million

    101,834,224 USD units · p3

    −25.3% vs 2024

  • Total equity

    USD 33.4 million

    33,430,253 USD units · p3

    −46.4% vs 2024

  • Cash from operations

    −USD 8.24 million

    (8,237,138) USD units · p3

    −147.2% vs 2024

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.

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 USD units 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 2025 — published summary of audited statements (summary), final status not established; reported for the year · source
  • FY to 31 Mar 2024 — published summary of audited statements (summary), final status not established; comparative in the FY to 31 Mar 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. 'The Audited Short-Form Financial Announcement below is the responsibility of the Directors and is only a summary of the information in the full announcement' (p1); 'These financial statements should be read in conjunction with the complete set of financial statements for the year ended 31 March 2025 which have been audited by Messrs KPMG Chartered Accountants (Zimbabwe)' (p7) No auditor's report on the summary is printed. The publication states (p1 and p7, 'Audit Opinion'): 'These financial statements should be read in conjunction with the complete set of financial statements for the year ended 31 March 2025 which have been audited by Messrs KPMG Chartered Accountants (Zimbabwe) who expressed a qualified audit opinion ...', and reprints KPMG's report on the complete consolidated financial statements (pp8-15): 'Qualified opinion ... In our opinion, except for the possible effect of the matters described in the Basis for qualified opinion section of our report, the consolidated financial statements present fairly, in all material respects, ...' (p8). Basis for qualified opinion (pp8-9): (1) the auditors could not obtain sufficient appropriate evidence on the existence and valuation of inventory of US$16,480,675 at 31 March 2025 (US$25,262,734 at 31 March 2024; stock-count audit trail not kept at all branches, FIFO variances); (2) non-compliance with IAS 21: opening ZWL balances of inventories, prepayments and property and equipment translated at implied transaction rates on the 1 April 2024 change of functional currency (2024 net monetary gain and retained earnings would have been US$15,816,206 higher), and in-store exchange rates used from 1 November 2024 to 31 March 2025 (material, not pervasive). Handwritten 'KPMG' signature over Vinay Ramabhai's name, KPMG Chartered Accountants (Zimbabwe), 30 October 2025 (p15, page image). Short-form announcement with highlights (p1); audited consolidated statement of profit or loss and OCI (p2), statements of financial position (three columns), cash flows and changes in equity (p3), and abridged notes (pp4-7). No gross profit or operating profit subtotal is printed (nature-of-expense presentation).

Income statement

Income statement, USD units. Columns: FY to 31 Mar 2025 — published summary of audited statements (final status not established), as reported for the year; FY to 31 Mar 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 31 Mar 2025Published summary of audited statements (summary)reported for the yearFY to 31 Mar 2024Published summary of audited statements (summary)comparative in FY to 31 Mar 2025 filingsource limitations
Revenue 245,170,679 511,012,345
Other income 2,263,424 8,760,145
Changes in trade inventories1 (8,894,584) (6,980,550)
Merchandise and consumables used2 (191,702,060) (443,641,546)
Employee benefits expense (27,661,806) (53,374,043)
Depreciation and amortisation expense3 (11,512,702) (12,237,096)
Impairment4 (10,331,705) –5
Share based payments expense6 (10,121) (220,518)
Exchange gain/(loss) 13,459,698 (51,131,999)
Other expenses (37,795,608) (71,610,684)
Finance income 3,958 4,828
Finance costs (3,312,186) (5,252,379)
Net monetary gain7 –5 147,453,417
Loss before income tax (30,323,013) 22,781,920
Tax credit/(expense) 5,291,956 (23,401,287)
Loss for the year (25,031,057) (619,367)
Loss on revaluation of property8 (4,607,306) (2,439,885)
Fair value gain/(loss) on financial assets measured at FVTOCI9 25,402 (1,243)
Deferred tax income10 654,749 1,091,549
Other comprehensive loss net of tax (3,927,155) (1,349,579)
Total comprehensive loss for the year (28,958,212) (1,968,946)
Non-controlling interests11 (94,016) 507,140
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
Notes and alternative reported figures (10)
  1. “Changes in trade inventories” is an issuer-specific line, not mapped to a shared definition: Note 15.1: change in trade inventories (cost of sales component).
  2. “Merchandise and consumables used” is an issuer-specific line, not mapped to a shared definition: Note 15.1: purchases of merchandise and consumables.
  3. “Depreciation and amortisation expense” is an issuer-specific line, not mapped to a shared definition: Note 6.3: printed as one line.
  4. “Impairment” is an issuer-specific line, not mapped to a shared definition: Note 6.4: impairment of cash-generating units' assets.
  5. “Share based payments expense” is an issuer-specific line, not mapped to a shared definition: Share-based payment expense.
  6. “Net monetary gain” is an issuer-specific line, not mapped to a shared definition: IAS 29 gain on the net monetary position (2024, hyperinflationary ZWL).
  7. “Loss on revaluation of property” is an issuer-specific line, not mapped to a shared definition: OCI item not reclassified to profit or loss.
  8. “Fair value gain/(loss) on financial assets measured at FVTOCI” is an issuer-specific line, not mapped to a shared definition: OCI item not reclassified.
  9. “Deferred tax income” is an issuer-specific line, not mapped to a shared definition: Deferred tax on OCI items.
  10. “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

Balance sheet, USD units. Columns: FY to 31 Mar 2025 — published summary of audited statements (final status not established), as reported for the year; FY to 31 Mar 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 31 Mar 2025Published summary of audited statements (summary)reported for the yearFY to 31 Mar 2024Published summary of audited statements (summary)comparative in FY to 31 Mar 2025 filingsource limitations
Property and equipment 54,914,887 67,050,565
Financial asset held at amortised cost1 –2 –2
Goodwill3 95,123 4,096,889
Right of use asset 22,493,949 29,039,165
Intangible asset 374,315 418,242
Financial assets held at FVTOCI4 43,221 17,819
Total non-current assets 77,921,495 100,622,680
Inventories 16,480,675 25,262,734
Trade and other receivables 982,689 262,976
Prepayments5 2,984,588 1,858,718
Current tax asset –6 2,518
Short-term loans receivable7 8,649 7,744
Cash and cash equivalents 1,663,586 8,375,431
Assets held for sale8 1,792,542 –6
Total current assets 23,912,729 35,770,121
Total assets 101,834,224 136,392,801
Sh are capital 133,582 28,935
Share premium 9,485,957 9,585,903
Share based payment reserve9 695,289 691,155
Mark-to-market reserve10 31,392 6,370
Revaluation reserve 17,040,694 20,992,870
Non-distributable reserves11 2,335,436 2,335,436
Retained earnings 3,296,507 28,233,548
Equity attributed to equity holders of the parent 33,018,857 61,874,217
Non-controlling interests 411,396 505,412
Shareholders’ equity 33,430,253 62,379,629
Deferred tax liabilities 6,474,978 12,161,079
Long term borrowings 794,444 456,583
Long term lease liability 18,495,375 18,991,145
Total non-current liabilities 25,764,797 31,608,807
Trade and other payables 28,295,756 34,123,833
Provisions 2,422,974 934,541
Lease liability 2,068,713 2,108,804
Short term borrowings 7,235,463 3,067,752
Current tax liabilities 276,582 2,169,435
Liabilities directly associated with assets classified as held for sale12 2,339,686 –13
Total current liabilities 42,639,174 42,404,365
Total liabilities 68,403,971 74,013,172
Total equity and liabilities 101,834,224 136,392,801
Cash and cash equivalents at end of year relating to assets classified as held for sale14 (175,393) –15
Cash and cash equivalents at end of year16 1,663,586 8,375,431
  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.current_liabilities.
  4. Printed “-”; reading unresolved, so no amount is shown. Printed dash, read on the page image (p3, statement of cash flows, Restated 2024 column); recorded as printed and not interpreted as nil.
Notes and alternative reported figures (12)
  1. “Financial asset held at amortised cost” is an issuer-specific line, not mapped to a shared definition: Non-current.
  2. “Goodwill” is an issuer-specific line, not mapped to a shared definition: Note 9.
  3. “Financial assets held at FVTOCI” is an issuer-specific line, not mapped to a shared definition: Non-current.
  4. “Prepayments” is an issuer-specific line, not mapped to a shared definition: Note 14.
  5. “Short-term loans receivable” is an issuer-specific line, not mapped to a shared definition: Current.
  6. “Assets held for sale” is an issuer-specific line, not mapped to a shared definition: Note 8.2.
  7. “Share based payment reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
  8. “Mark-to-market reserve” is an issuer-specific line, not mapped to a shared definition: FVTOCI reserve.
  9. “Non-distributable reserves” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
  10. “Liabilities directly associated with assets classified as held for sale” is an issuer-specific line, not mapped to a shared definition: Note 8.2.
  11. “Cash and cash equivalents at end of year relating to assets classified as held for sale” is an issuer-specific line, not mapped to a shared definition: Cash of the disposal group (note 8.2), printed negative and deducted from closing cash to give the balance-sheet cash.
  12. “Cash and cash equivalents at end of year” is an issuer-specific line, not mapped to a shared definition: Closing cash after deducting the disposal group's cash; equals the balance sheet's cash and cash equivalents.

Cash flow

Cash flow, USD units. Columns: FY to 31 Mar 2025 — published summary of audited statements (final status not established), as reported for the year; FY to 31 Mar 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 31 Mar 2025Published summary of audited statements (summary)reported for the yearFY to 31 Mar 2024Published summary of audited statements (summary)comparative in FY to 31 Mar 2025 filingsource limitations
Cash (used in)/generated from trading1 (12,099,451) 45,039,039
Working capital changes2 9,021,495 (21,143,147)
Cash (used in)/generated from operations (3,077,956) 23,895,892
Finance costs paid3 (3,312,186) (5,252,379)
Finance income received 3,958 4,828
Tax paid (1,850,954) (1,205,375)
Net cash (used in)/generated from operating activities (8,237,138) 17,442,966
Replacement of property and equipment4 (195,588) (92,133)
Proceeds from disposal of property and equipment 226,058 294,816
Repayments of short-term loans receivable5 65,032 59,391
Increase in short-term loans receivable6 (65,937) (14,832)
Investments to maintain operations (unlabelled subtotal)7 29,565 247,242
Additions to property and equipment8 (677,869) (6,397,633)
Additions to intangible assets –9 (62,138)
Investment to expand operations (unlabelled subtotal)10 (677,869) (6,459,771)
Net cash used in investing activities (648,304) (6,212,530)
Dividends paid –11 (589,240)
Proceeds from share options exercised12 5,477 9,452
Repayment of lease liabilities (3,013,104) (2,812,719)
Proceeds from borrowings 8,303,213 1,206,413
Repayment of borrowings (3,851,971) (9,762,920)
Net cash generated from/(used in) financing activities 1,443,615 (11,949,014)
Net decrease in cash and cash equivalents (7,441,827) (718,577)
Cash and cash equivalents at the beginning of year 8,375,431 3,960,357
Exchange gains on foreign cash balances 905,375 5,133,651
Cash and cash equivalents at the end of year 1,838,979 8,375,431
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.native.co_phr3x0n4hdmp.cf_investment_to_expand_operations.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (10)
  1. “Cash (used in)/generated from trading” is an issuer-specific line, not mapped to a shared definition: Note 19: operating cash flow before working capital changes.
  2. “Working capital changes” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  3. “Finance costs paid”: mapping to a shared definition is uncertain. Printed 'Finance costs paid' (equal to the finance costs charge); may include interest on lease liabilities.
  4. “Replacement of property and equipment” is an issuer-specific line, not mapped to a shared definition: Investments to maintain operations.
  5. “Repayments of short-term loans receivable” is an issuer-specific line, not mapped to a shared definition: Investments to maintain operations.
  6. “Increase in short-term loans receivable” is an issuer-specific line, not mapped to a shared definition: Investments to maintain operations.
  7. “Investments to maintain operations (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled printed subtotal.
  8. “Additions to property and equipment” is an issuer-specific line, not mapped to a shared definition: Investment to expand operations.
  9. “Investment to expand operations (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled printed subtotal.
  10. “Proceeds from share options exercised” is an issuer-specific line, not mapped to a shared definition: Financing activities.

Per share and shares

Per share and shares. Columns: FY to 31 Mar 2025 — published summary of audited statements (final status not established), as reported for the year; FY to 31 Mar 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 31 Mar 2025Published summary of audited statements (summary)reported for the yearFY to 31 Mar 2024Published summary of audited statements (summary)comparative in FY to 31 Mar 2025 filingsource limitations
Earnings / (loss) per share (per share)41 (0.0189)2 (0.0005)3
Profit / (loss) attributable to shareholders (USD units)5 (24,937,041) (1,126,507)
Weighted average shares (shares)6 1,327,554,515 1,314,992,516
  1. Printed as (1.89) cents; value converted to USD at 100 cents = 1 USD.
  2. Printed as (0.05) cents; value converted to USD at 100 cents = 1 USD.
Notes and alternative reported figures (4)
  1. “Basic loss per share (cents)”: mapping to a shared definition is uncertain. Basic loss per share read from the Financial Highlights table (p2), which prints '(1.89)'; the statement's share-performance line prints '(1,89)' with a comma (same figure). No diluted figure is printed; headline loss per share is printed separately.
  2. Earnings / (loss) per share: printed as “Basic loss per share (cents)”.
  3. Profit / (loss) attributable to shareholders: printed as “Owners of the company”.
  4. Weighted average shares: printed as “Weighted average number of ordinary shares in issue”.

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 2025 Dividends paid (cash flow statement) Dividends paid 0printed “–”, read as nil USD units Summary statements, p3
31 Mar 2024 Dividends paid (cash flow statement) Dividends paid (589,240) USD units Summary statements, p3

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.

  • Audited Abridged Financial Results For the year ended 31 March 2025

    Year ended 31 March 2025 · Published summary of audited statements (summary) · final status not established

    Audit: KPMG Chartered Accountants (Zimbabwe) (named); no auditor's opinion on the full statements in this document · no signature page in this document · includes a material-uncertainty paragraph

    Final status: Abridged results publication filed on the Zimbabwe Stock Exchange. It reprints KPMG's independent auditors' report on the complete consolidated financial statements (pp8-15, Vinay Ramabhai for KPMG Chartered Accountants (Zimbabwe), 30 October 2025), which is not a report on this summary; no auditor's report on the summary is printed. The statement of financial position carries the handwritten signatures of H. Nkala (Chairman) and V.W. Zireva (Chief Executive Officer), 30 October 2025 (p3, page image).

    Document date
    30 Oct 2025
    Auditor's report
    date not found in this document
    Board approval
    30 Oct 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 31 Mar 2025, FY to 31 Mar 2024
    Basis
    consolidated statements · USD units (printed “US$”)
    • Basis for qualified opinion: (1) Existence and valuation of the Group’s inventory balance of US$16,480,675 as at 31 March 2025 (US$25,262,734 as at 31 March 2024) — stock-count audit trails were not kept at all branches and FIFO costing showed variances, so KPMG could not obtain sufficient evidence on the existence or valuation of inventory or the related changes in trade inventories, merchandise and consumables used and income tax expense, and the unresolved prior-year inventory limitation carries into the comparatives; (2) Noncompliance with IAS 21 — a) on the change of functional currency from ZWL to US$ on 1 April 2024 the Group used implied transaction exchange rates instead of spot rates, misstating inventories, prepayments, property and equipment and deferred tax at 31 March 2024 and the net monetary gain for the year ended 31 March 2024 (which 'would have increased by an amount of US$15,816,206'), and affecting current-year inventories and cost of sales through the opening balances; b) from 1 November 2024 to 31 March 2025 ZWG transactions and balances were translated at instore exchange rates rather than spot rates, materially affecting trade and other payables, short term borrowings, inventory, changes in trade inventories and merchandise and consumables used, and exchange gains and losses, effects 'material but not pervasive' (KPMG, opinion on the complete consolidated financial statements, PDF pp8-9); the report also includes a material uncertainty related to going concern (net loss of US$28,958,212; current liabilities exceeding current assets by US$18,726,445; PDF p10); this is the auditor's report on the underlying full statements, reprinted in the summary, not an opinion on the summary
    • Printed basic loss per share does not equal the printed loss attributable to owners divided by the printed weighted average shares: 2025 (24,937,041)/1,327,554,515 = (1.88) cents against (1.89) printed; 2024 (1,126,507)/1,314,992,516 = (0.09) cents against (0.05) printed (the 2024 per-share figures may not reflect the restated loss). Kept as printed (p2).
    • The auditors' going-concern paragraph cites 'a net loss of US$28,958,212' (p10); the statement prints a loss for the year of (25,031,057) and a total comprehensive loss of (28,958,212) (p2). Figures kept as printed.
    • Closing cash in the cash-flow statement (1,838,979) less the cash of assets classified as held for sale (175,393) gives 'Cash and cash equivalents at end of year' (1,663,586), the balance sheet's cash (p3).
    • Comparatives are restated: translated from ZWL inflation-adjusted figures to US$ (note 2) and corrected for prior-period errors in the application of IFRS 16 (notes 4.1 and 11.1); marked 'Restated' (pp2-3).
    • Per-share figures printed in US$ cents (basic loss per share (1.89); 2024: (0.05); headline (1.08); 2024: (0.06)); stored in US$ (÷100) with the printed figure and unit kept.
    • No auditor's report on the summary is printed. The publication states (p1 and p7, 'Audit Opinion'): 'These financial statements should be read in conjunction with the complete set of financial statements for the year ended 31 March 2025 which have been audited by Messrs KPMG Chartered Accountants (Zimbabwe) who expressed a qualified audit opinion ...', and reprints KPMG's report on the complete consolidated financial statements (pp8-15): 'Qualified opinion ... In our opinion, except for the possible effect of the matters described in the Basis for qualified opinion section of our report, the consolidated financial statements present fairly, in all material respects, ...' (p8). Basis for qualified opinion (pp8-9): (1) the auditors could not obtain sufficient appropriate evidence on the existence and valuation of inventory of US$16,480,675 at 31 March 2025 (US$25,262,734 at 31 March 2024; stock-count audit trail not kept at all branches, FIFO variances); (2) non-compliance with IAS 21: opening ZWL balances of inventories, prepayments and property and equipment translated at implied transaction rates on the 1 April 2024 change of functional currency (2024 net monetary gain and retained earnings would have been US$15,816,206 higher), and in-store exchange rates used from 1 November 2024 to 31 March 2025 (material, not pervasive). Handwritten 'KPMG' signature over Vinay Ramabhai's name, KPMG Chartered Accountants (Zimbabwe), 30 October 2025 (p15, page image).
    • Short-form announcement with highlights (p1); audited consolidated statement of profit or loss and OCI (p2), statements of financial position (three columns), cash flows and changes in equity (p3), and abridged notes (pp4-7). No gross profit or operating profit subtotal is printed (nature-of-expense presentation).
    Technical details
    File
    15 pages, with a text layer
    SHA-256
    03000d3fa98efdd690941eec9c8abf94da859ac10facbb15bedad612391979a7
    Entity as printed
    OK Zimbabwe Limited (the Group)
    Exchange copy
    retrieved 2026-10-08T20:45:32Z

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