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

RioZim

RIOZ.ZW · Zimbabwe Stock Exchange · Consolidated statements

On this page
Company details
Legal name
RioZim Limited
Listing
RIOZ.ZW on the Zimbabwe Stock Exchange, active · ISIN ZW0009011959 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2024 · 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 FY2024 figures come from it.
Full wording and sources

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

    Published by the company (Board-authorised abridged results, note 1, 15 May 2025, p2) and filed with the ZSE. No auditor's report on the summary is printed: the 'Auditor's statement' (p4) is the directors' statement that the full financial statements were audited by Forvis Mazars with an unqualified opinion. The appended report (PDF pp5-11) is Forvis Mazars' report on the full consolidated and separate financial statements ('set out on pages 13 to 89'), unmodified with a material uncertainty related to going concern, closed with a handwritten 'Forvis Mazars' signature above 'Lovemore Kamuzangaza, Registered Auditor, PAAB Practising Certificate Number 0425, For and behalf of Mazars Zimbabwe', Harare, 29 May 2025 (PDF p11, page image). The chairman's statement is not dated (p1).

    Source: Audited Abridged Financial Results for the year ended 31 December 2024 (dated 2025-05-15)

  • 2024, 2023: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'The abridged consolidated financial results should be read in conjunction with the complete set of financial statements of RioZim Limited for the year ended 31 December 2024, which have been audited by Forvis Mazars' (Auditor's statement, p4) No auditor's report on the summary is printed. The 'Auditor's statement' (p4) reads: 'The abridged consolidated financial results should be read in conjunction with the complete set of financial statements of RioZim Limited for the year ended 31 December 2024, which have been audited by Forvis Mazars Public Auditors and Accountants (Zimbabwe), signed by Lovemore Kamuzangaza, PAAB Practicing Certificate number 0425 and an unqualified opinion issued there on.' PDF pp5-11 reproduce the independent auditor's report on the full consolidated and separate financial statements: 'In our opinion, the consolidated and separate financial statements present fairly, in all material respects, ...' (p5), with a 'Material Uncertainty Related to Going Concern' paragraph (pp5-6) that the summary's auditor's statement does not mention; signed and dated 29 May 2025 (p11). Abridged consolidated statement of profit or loss and statement of other comprehensive income (p1); statement of financial position, statement of changes in equity and a condensed statement of cash flows that starts from net cash generated from operating activities (p2); notes 1-11 including the auditor's statement (pp2-4). Only consolidated figures are printed; the full report's separate (company) statements are not summarised.

    Source: Audited Abridged Financial Results for the year ended 31 December 2024 (dated 2025-05-15)

  • Revenue

    ZWG 476 million

    475,516 ZWG thousands · p1

    −40.2% vs 2023

  • Operating profit / (loss)

    −ZWG 628 million

    (628,210) ZWG thousands · p1

    Change not shown.

  • Profit / (loss) for the year

    −ZWG 628 million

    (628,473) ZWG thousands · p1

    Change not shown.

  • Total assets

    ZWG 2.84 billion

    2,841,375 ZWG thousands · p2

    +68.3% vs 2023

  • Total equity

    −ZWG 838 million

    (838,437) ZWG thousands · p2

    Change not shown.

  • Cash from operations

    ZWG 74.7 million

    74,705 ZWG thousands · p2

    −29.3% vs 2023

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

  • FY2024 — published summary of audited statements (summary), final status not established; reported for the year · source
  • FY2023 — published summary of audited statements (summary), final status not established; comparative in the FY2024 filing · source
    • 2024, 2023: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'The abridged consolidated financial results should be read in conjunction with the complete set of financial statements of RioZim Limited for the year ended 31 December 2024, which have been audited by Forvis Mazars' (Auditor's statement, p4) No auditor's report on the summary is printed. The 'Auditor's statement' (p4) reads: 'The abridged consolidated financial results should be read in conjunction with the complete set of financial statements of RioZim Limited for the year ended 31 December 2024, which have been audited by Forvis Mazars Public Auditors and Accountants (Zimbabwe), signed by Lovemore Kamuzangaza, PAAB Practicing Certificate number 0425 and an unqualified opinion issued there on.' PDF pp5-11 reproduce the independent auditor's report on the full consolidated and separate financial statements: 'In our opinion, the consolidated and separate financial statements present fairly, in all material respects, ...' (p5), with a 'Material Uncertainty Related to Going Concern' paragraph (pp5-6) that the summary's auditor's statement does not mention; signed and dated 29 May 2025 (p11). Abridged consolidated statement of profit or loss and statement of other comprehensive income (p1); statement of financial position, statement of changes in equity and a condensed statement of cash flows that starts from net cash generated from operating activities (p2); notes 1-11 including the auditor's statement (pp2-4). Only consolidated figures are printed; the full report's separate (company) statements are not summarised.

Income statement

Income statement, ZWG thousands. Columns: FY2024 — published summary of audited statements (final status not established), as reported for the year; FY2023 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2024.
Line (as printed) FY2024Published summary of audited statements (summary)reported for the yearFY2023Published summary of audited statements (summary)comparative in FY2024 filingsource limitations
Revenue 475,516 795,674
Cost of sales (646,960) (756,512)
Gross (loss)/profit (171,444) 39,162
Distribution and selling costs (135) (325)
Administrative expenses (488,115) (337,766)
Profit on disposal of property, plant and equipment1 13,423 –2
Other income 18,061 56,423
Operating loss (628,210) (242,506)
Finance costs (73,769) (34,307)
Share of loss from an associate (66,007) (95)
Loss before tax (767,986) (276,908)
Income tax credit 139,513 169,198
Loss for the year (628,473) (107,710)
Non-controlling interests3 (1,095) 2,435
Net other comprehensive loss to be reclassified to profit or loss4 (195,062) –5
Net other comprehensive (loss)/income not to be reclassified to profit or loss6 (2,112) 24,181
Total other comprehensive (loss)/income for the year net of tax (197,174) 24,181
Total comprehensive loss for the year (825,647) (83,529)
  1. Printed “-”, read as nil: subtotal_arithmetic: is.operating_profit.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
Notes and alternative reported figures (4)
  1. “Profit on disposal of property, plant and equipment” is an issuer-specific line, not mapped to a shared definition: Operating item.
  2. “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Loss for the year attributable to non-controlling interests.
  3. “Net other comprehensive loss to be reclassified to profit or loss” is an issuer-specific line, not mapped to a shared definition: OCI subtotal (foreign currency translation).
  4. “Net other comprehensive (loss)/income not to be reclassified to profit or loss” is an issuer-specific line, not mapped to a shared definition: OCI subtotal: defined benefit re-measurement and FVOCI gains, net of tax.

Balance sheet

Balance sheet, ZWG thousands. Columns: FY2024 — published summary of audited statements (final status not established), as reported for the year; FY2023 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2024.
Line (as printed) FY2024Published summary of audited statements (summary)reported for the yearFY2023Published summary of audited statements (summary)comparative in FY2024 filingsource limitations
Property, plant and equipment 1,435,176 856,948
Exploration, evaluation and development assets1 330,968 176,375
Right of use asset 7,063 488
Investment in associate company 642,204 366,893
Employee benefit asset2 17,781 23,838
Fair value through other comprehensive income investments3 6,088 3,580
Deferred tax assets 89,392 –4
Total non-current assets 2,528,672 1,428,122
Inventories 238,042 149,485
Trade and other receivables 72,984 108,150
Cash and cash equivalents 1,677 2,102
Total current assets 312,703 259,737
Total assets 2,841,375 1,687,859
Share capital 34,699 18,238
Share premium 536,325 281,899
Fair value through other comprehensive income reserve5 5,370 2,987
Accumulated losses (944,460) (312,587)
Foreign currency translation reserve6 (461,741) –7
Equity attributable to equity holders of the parent (829,807) (9,463)
Non-controlling interests (8,630) (3,327)
Total equity (838,437) (12,790)
Mine rehabilitation provision8 85,552 47,229
Other payables9 780,626 410,312
Deferred tax liabilities –10 53,603
Lease liability 7,256 –10
Total non-current liabilities 873,434 511,144
Trade and other payables 2,710,803 1,072,252
Lease liability 2,700 1,166
Interest-bearing loans and borrowings 92,875 116,087
Total current liabilities 2,806,378 1,189,505
Total liabilities 3,679,812 1,700,649
Total liabilities and shareholders’ equity 2,841,375 1,687,859
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.equity_attributable_to_owners.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
Notes and alternative reported figures (7)
  1. “Exploration, evaluation and development assets” is an issuer-specific line, not mapped to a shared definition: Note 9; non-current.
  2. “Employee benefit asset” is an issuer-specific line, not mapped to a shared definition: Non-current.
  3. “Fair value through other comprehensive income investments” is an issuer-specific line, not mapped to a shared definition: Non-current.
  4. “Fair value through other comprehensive income reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
  5. “Foreign currency translation reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
  6. “Mine rehabilitation provision” is an issuer-specific line, not mapped to a shared definition: Non-current.
  7. “Other payables” is an issuer-specific line, not mapped to a shared definition: Note 6; non-current.

Cash flow

Cash flow, ZWG thousands. Columns: FY2024 — published summary of audited statements (final status not established), as reported for the year; FY2023 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2024.
Line (as printed) FY2024Published summary of audited statements (summary)reported for the yearFY2023Published summary of audited statements (summary)comparative in FY2024 filingsource limitations
Net cash flows generated from operating activities 74,705 105,690
Investment in exploration and evaluation assets1 (11,689) (21,818)
Additions to property plant and equipment (13,520) (12,423)
Proceeds on disposal of property plant and equipment 25,246 –2
Net cash generated from/(used in) investing activities 37 (34,241)
Inflows from borrowings –3 7,187
Repayment of borrowings (73,914) (83,124)
Repayment of lease liability (1,312) (1,234)
Net cash used in financing activities (75,226) (77,171)
Net decrease in cash and cash equivalents (484) (5,722)
Unrealised exchange gains on foreign currency balances 59 –4
Cash and cash equivalents at beginning of period 2,102 7,824
Cash and cash equivalents at 31 December 1,677 2,102
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
  3. Printed “-”; reading unresolved, so no amount is shown. Printed dash; no printed subtotal confirms a nil reading.
Notes and alternative reported figures (1)
  1. “Investment in exploration and evaluation assets” is an issuer-specific line, not mapped to a shared definition: Note 9; investing activities.

Per share and shares

Per share and shares. Columns: FY2024 — published summary of audited statements (final status not established), as reported for the year; FY2023 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2024.
Line (as printed) FY2024Published summary of audited statements (summary)reported for the yearFY2023Published summary of audited statements (summary)comparative in FY2024 filingsource limitations
Earnings / (loss) per share (per share)3 (5.1412)1 (0.9026)2
Profit / (loss) attributable to shareholders (ZWG thousands)4 (627,378) (110,145)
  1. Printed as (514.12) cents; value converted to ZWG at 100 cents = 1 ZWG.
  2. Printed as (90.26) cents; value converted to ZWG at 100 cents = 1 ZWG.
Notes and alternative reported figures (2)
  1. Earnings / (loss) per share: printed as “Basic”.
  2. 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.

No dividend statement or amount collected.

Sources

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

  • Audited Abridged Financial Results for the year ended 31 December 2024

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

    Audit: Forvis Mazars Public Auditors and 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: Published by the company (Board-authorised abridged results, note 1, 15 May 2025, p2) and filed with the ZSE. No auditor's report on the summary is printed: the 'Auditor's statement' (p4) is the directors' statement that the full financial statements were audited by Forvis Mazars with an unqualified opinion. The appended report (PDF pp5-11) is Forvis Mazars' report on the full consolidated and separate financial statements ('set out on pages 13 to 89'), unmodified with a material uncertainty related to going concern, closed with a handwritten 'Forvis Mazars' signature above 'Lovemore Kamuzangaza, Registered Auditor, PAAB Practising Certificate Number 0425, For and behalf of Mazars Zimbabwe', Harare, 29 May 2025 (PDF p11, page image). The chairman's statement is not dated (p1).

    Document date
    15 May 2025
    Published
    4 Jun 2025
    Auditor's report
    date not found in this document
    Board approval
    15 May 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2024, FY2023
    Basis
    consolidated statements · ZWG thousands (printed “ZWG000”)
    • PDF pp5-6 (auditor's report) carry an OCR-like text layer over the page image; the statement pages (pp1-2) carry the typeset text layer used for transcription.
    • Presentation currency ZWG thousands; the functional currency is the US dollar and the comparatives were translated to ZWG (note 2, p2). Loss per share is printed in cents ((514.12); 2023: (90.26)), basic and diluted identical (p1). The cash flow statement shows the operating total only.
    • No auditor's report on the summary is printed. The 'Auditor's statement' (p4) reads: 'The abridged consolidated financial results should be read in conjunction with the complete set of financial statements of RioZim Limited for the year ended 31 December 2024, which have been audited by Forvis Mazars Public Auditors and Accountants (Zimbabwe), signed by Lovemore Kamuzangaza, PAAB Practicing Certificate number 0425 and an unqualified opinion issued there on.' PDF pp5-11 reproduce the independent auditor's report on the full consolidated and separate financial statements: 'In our opinion, the consolidated and separate financial statements present fairly, in all material respects, ...' (p5), with a 'Material Uncertainty Related to Going Concern' paragraph (pp5-6) that the summary's auditor's statement does not mention; signed and dated 29 May 2025 (p11).
    • Abridged consolidated statement of profit or loss and statement of other comprehensive income (p1); statement of financial position, statement of changes in equity and a condensed statement of cash flows that starts from net cash generated from operating activities (p2); notes 1-11 including the auditor's statement (pp2-4). Only consolidated figures are printed; the full report's separate (company) statements are not summarised.
    Technical details
    File
    11 pages, with a text layer
    SHA-256
    154a368f6b5e3922ab43ed92b8c3b2e94f75a63cd83dadfaffe385682c692183
    Entity as printed
    RioZim Limited ('the Company') and its subsidiaries (together 'the Group')
    Exchange copy
    retrieved 2026-10-08T20:45:10Z

Data notes

No figure-level notes beyond those in the tables.

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

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

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