Seed Co International
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Company details
- Legal name
- Seed Co International Limited
- Listing
- SEEDCO on the Botswana Stock Exchange, active (observed 2026-10-08)
- Also listed
- SCIL.VX on the Victoria Falls Stock Exchange, active · ISIN BW0000002005 (exchange list retrieved 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 March
Overview
Year ended 31 March 2026 · 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 31 Mar 2026 figures come from it.
Full wording and sources
Published summary of audited statements for 2026: final status not established
Published by the company (by order of the Board, company secretary E. M. Kalaote, typeset, dated 26 June 2026, PDF p2) and filed with the BSE. No auditor's report on the summary is printed; note 10 states that Ernst & Young issued an unqualified opinion on the group's annual financial statements, and note 11 that the underlying statements were approved by the board on 26 June 2026 (PDF p2, page image).
Source: SEED CO INTERNATIONAL LIMITED AUDITED ABRIDGED GROUP RESULTS FOR THE YEAR ENDED 31 MARCH 2026 (dated 2026-06-26)
2026, 2025: figures from a published summary
These columns come from a summary of the audited statements, not the full audited financial statements. 'AUDITED ABRIDGED GROUP RESULTS' (p1); 'The underlying financial statements from which this abridged set was extracted were approved by the Board on 26 June 2026' (note 11, p2) No auditor's report on the summary is printed; the summary states that 'The Group's auditors, Ernst & Young, issued an unqualified opinion on the Group's annual financial statements, which is available for inspection at the Company's Registered Office' (note 10, p2), and that 'The underlying financial statements from which this abridged set was extracted were approved by the Board on 26 June 2026' (note 11, p2). Abridged group income statement, statement of other comprehensive income, statement of changes in equity, statement of financial position and statement of cash flows, all condensed (p1); supplementary notes (capex, depreciation, commitments, contingent liabilities, dividend, p2). No current/non-current subtotals, no total liabilities, no attribution between owners and non-controlling interests are printed.
Source: SEED CO INTERNATIONAL LIMITED AUDITED ABRIDGED GROUP RESULTS FOR THE YEAR ENDED 31 MARCH 2026 (dated 2026-06-26)
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Revenue
USD 161 million
161.3 USD millions · p1
+29.8% vs 2025
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Operating profit / (loss)
USD 28.8 million
28.8 USD millions · p1
+88.2% vs 2025
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Profit / (loss) for the year
USD 13.1 million
13.1 USD millions · p1
+129.8% vs 2025
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Total assets
USD 187 million
187.1 USD millions · p1
+20.0% vs 2025
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Total equity
USD 124 million
123.5 USD millions · p1
+31.7% vs 2025
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Cash from operations
USD 15.9 million
15.9 USD millions · p1
+39.5% 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.
Business overview
Seed Co International Limited, incorporated in Botswana and listed on the Botswana Stock Exchange and the Victoria Falls Stock Exchange, sells seed through its group; its FY2026 results commentary refers to its portfolio of climate-smart seed varieties and to advances made to seed growers. It has active subsidiaries and joint ventures in Botswana, Ghana, Kenya, Malawi, Mozambique, Nigeria, South Africa, Tanzania and Zambia, and operations in Angola, Ethiopia, Uganda, the Democratic Republic of Congo and parts of West Africa that it describes as in developmental stages. The abridged results do not split revenue by product or country.
Source: Published summary of audited statements 2026, p2
Financial trends
Years to 31 March 2025 (FY2025) and 31 March 2026 (FY2026), abridged consolidated results, in US dollars. Read with the warnings under Overview.
- Comparing FY2025 with FY2026, revenue rose 29.8%, from USD 124 million to USD 161 million, which the company attributes primarily to an improved product mix, value-accretive pricing and continued demand for its seed varieties; gross profit rose from USD 62.4 million to USD 85.1 million and operating profit from USD 15.3 million to USD 28.8 million.
- Comparing FY2025 with FY2026, profit before tax rose from USD 12.4 million to USD 25.7 million and profit for the year from USD 5.70 million to USD 13.1 million. Income tax expense equalled 49.0% of FY2026 profit before tax.
- Comparing FY2025 with FY2026, operating cash flows rose from USD 11.4 million to USD 15.9 million, including working capital outflows of USD 9.20 million and USD 19.5 million; receivables rose from USD 50.1 million to USD 63.2 million, which the company attributes largely to higher grower advances for production scale-up and on-farm mechanisation. Loans and borrowings fell from USD 31.5 million at the end of FY2025 to USD 24.4 million at the end of FY2026, and cash and cash equivalents from USD 17.3 million at the end of FY2025 to USD 12.2 million at the end of FY2026.
The filings collected for this profile cover two annual periods, FY to 31 Mar 2025 and FY to 31 Mar 2026.
The figures come from the published abridged results, not the full audited financial statements, and the final status of the summary is not established.
Amounts are printed rounded to one decimal place in US$ millions.
How the calculated figures are worked out
- Revenue change FY2025 to FY2026: (Revenue FY to 31 Mar 2026 (summary results 2026, p1) − Revenue FY to 31 Mar 2025 (summary results 2026, p1)) ÷ Revenue FY to 31 Mar 2025 (summary results 2026, p1) × 100 = 29.8%
- Income tax / PBT FY2026: size of Income tax expense FY to 31 Mar 2026 (summary results 2026, p1) ÷ Profit before tax FY to 31 Mar 2026 (summary results 2026, p1) × 100 = 49.0%
Calculated by us from the figures in the tables below; rounded once, at the end, to the places shown. Not part of the published statements or the CSV.
Business overview and trends written from the company's filings cited above and checked with AI assistance on 18 October 2026; not independently reviewed. Historical figures only: not investment advice, a valuation or a forecast.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in USD millions 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 — published summary of audited statements (summary), final status not established; reported for the year · source
- FY to 31 Mar 2025 — published summary of audited statements (summary), final status not established; comparative in the FY to 31 Mar 2026 filing · source
- 2026, 2025: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'AUDITED ABRIDGED GROUP RESULTS' (p1); 'The underlying financial statements from which this abridged set was extracted were approved by the Board on 26 June 2026' (note 11, p2) No auditor's report on the summary is printed; the summary states that 'The Group's auditors, Ernst & Young, issued an unqualified opinion on the Group's annual financial statements, which is available for inspection at the Company's Registered Office' (note 10, p2), and that 'The underlying financial statements from which this abridged set was extracted were approved by the Board on 26 June 2026' (note 11, p2). Abridged group income statement, statement of other comprehensive income, statement of changes in equity, statement of financial position and statement of cash flows, all condensed (p1); supplementary notes (capex, depreciation, commitments, contingent liabilities, dividend, p2). No current/non-current subtotals, no total liabilities, no attribution between owners and non-controlling interests are printed.
Income statement
| Line (as printed) | FY to 31 Mar 2026Published summary of audited statements (summary)reported for the year | FY to 31 Mar 2025Published summary of audited statements (summary)comparative in FY to 31 Mar 2026 filingsource limitations |
|---|---|---|
| Revenue | 161.3 | 124.3 |
| Cost of sales | (76.2) | (61.9) |
| Gross profit | 85.1 | 62.4 |
| Other losses1 | (6.3) | (4.2) |
| Operating expenses | (50.0) | (42.9) |
| Operating profit | 28.8 | 15.3 |
| Net finance costs2 | (2.0) | (3.0) |
| Share of loss/profit from JV3 | (0.3) | 0.1 |
| Impairment loss in joint venture4 | (0.8) | 0.0 |
| Profit before tax | 25.7 | 12.4 |
| Income tax expense | (12.6) | (6.7) |
| Profit for the year | 13.1 | 5.7 |
| Diluted earnings per share - cents5 | 0.0326 | 0.0147 |
| Exchange differences8 | 21.4 | 2.8 |
| Revaluation (loss)/gain net of tax9 | (2.2) | 6.2 |
| Total comprehensive income for the year | 32.3 | 14.7 |
- Printed as 3.2 cents; value converted to USD at 100 cents = 1 USD.
- Printed as 1.4 cents; value converted to USD at 100 cents = 1 USD.
Notes and alternative reported figures (7)
- “Other losses” is an issuer-specific line, not mapped to a shared definition: Foreign exchange losses and net monetary losses from hyperinflation accounting (commentary, p2).
- “Net finance costs”: mapping to a shared definition is uncertain. Printed net of finance income.
- “Share of loss/profit from JV” is an issuer-specific line, not mapped to a shared definition: Share of results of joint ventures.
- “Impairment loss in joint venture” is an issuer-specific line, not mapped to a shared definition: Impairment of the investment in a joint venture.
- “Diluted earnings per share - cents” is an issuer-specific line, not mapped to a shared definition: Diluted EPS, printed apart from basic and different.
- “Exchange differences” is an issuer-specific line, not mapped to a shared definition: Exchange differences in other comprehensive income.
- “Revaluation (loss)/gain net of tax” is an issuer-specific line, not mapped to a shared definition: Revaluation in other comprehensive income, net of tax.
Balance sheet
| Line (as printed) | FY to 31 Mar 2026Published summary of audited statements (summary)reported for the year | FY to 31 Mar 2025Published summary of audited statements (summary)comparative in FY to 31 Mar 2026 filingsource limitations |
|---|---|---|
| Assets | 187.1 | 155.9 |
| Property, plant & equipment (PPE) | 69.2 | 54.1 |
| Intangible assets | 3.7 | 4.0 |
| Right-of-use assets | 1.3 | 0.8 |
| Investments in JVs1 | 0.0 | 0.9 |
| Non-current financial assets2 | 0.1 | 0.1 |
| Deferred tax asset | 1.3 | 0.9 |
| Inventories & biological assets3 | 36.1 | 27.7 |
| Receivables4 | 63.2 | 50.1 |
| Cash & cash equivalents | 12.2 | 17.3 |
| Equity and liabilities | 187.1 | 155.9 |
| Shareholders' equity | 123.5 | 93.8 |
| Loans & borrowings5 | 24.4 | 31.5 |
| Lease liabilities6 | 1.3 | 0.8 |
| Deferred tax liability | 6.5 | 4.2 |
| Payables7 | 31.4 | 25.6 |
Notes and alternative reported figures (7)
- “Investments in JVs” is an issuer-specific line, not mapped to a shared definition: Investments in joint ventures.
- “Non-current financial assets” is an issuer-specific line, not mapped to a shared definition: Printed as one line.
- “Inventories & biological assets” is an issuer-specific line, not mapped to a shared definition: Inventories and biological assets printed as one line.
- “Receivables”: mapping to a shared definition is uncertain. Printed 'Receivables' (includes grower advances, p2 commentary).
- “Loans & borrowings”: mapping to a shared definition is uncertain. Current and non-current borrowings printed as one line.
- “Lease liabilities” is an issuer-specific line, not mapped to a shared definition: Lease liabilities, current and non-current together (no split printed).
- “Payables”: mapping to a shared definition is uncertain. Printed 'Payables'.
Cash flow
| Line (as printed) | FY to 31 Mar 2026Published summary of audited statements (summary)reported for the year | FY to 31 Mar 2025Published summary of audited statements (summary)comparative in FY to 31 Mar 2026 filingsource limitations |
|---|---|---|
| Profit before tax1 | 25.7 | 12.4 |
| Non-cash adjustments2 | 17.3 | 14.9 |
| Working capital changes3 | (19.5) | (9.2) |
| Tax paid | (7.6) | (6.7) |
| Operating cash flows | 15.9 | 11.4 |
| PPE disposal proceeds | 0.2 | 0.1 |
| Purchase of PPE | (5.3) | (7.4) |
| Interest received | 2.0 | 1.4 |
| Investing cash flows | (3.1) | (5.9) |
| Proceeds from borrowings | 21.3 | 15.7 |
| Repayments of borrowings | (31.2) | (19.5) |
| Changes in lease liabilities4 | (0.5) | (0.5) |
| Dividend paid | (2.9) | (1.2) |
| Interest paid5 | (4.0) | (4.5) |
| Financing cash flows | (17.3) | (10.0) |
| Net cash flows during the year | (4.5) | (4.5) |
| Exchange rate changes effects | (1.3) | 3.2 |
| Hyperinflation effects on cash & cash equivalents6 | 0.7 | (4.2) |
| Opening cash & cash equivalents | 17.3 | 22.8 |
| Closing cash & cash equivalents | 12.2 | 17.3 |
Notes and alternative reported figures (6)
- “Profit before tax” is an issuer-specific line, not mapped to a shared definition: Operating activities: starting point of the indirect cash flow statement (the income statement figure).
- “Non-cash adjustments” is an issuer-specific line, not mapped to a shared definition: Operating activities: non-cash adjustments to profit before tax.
- “Working capital changes” is an issuer-specific line, not mapped to a shared definition: Operating activities.
- “Changes in lease liabilities” is an issuer-specific line, not mapped to a shared definition: Financing activities.
- “Interest paid”: mapping to a shared definition is uncertain. Printed 'Interest paid'; may include lease interest.
- “Hyperinflation effects on cash & cash equivalents” is an issuer-specific line, not mapped to a shared definition: Hyperinflation effect on 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 |
|---|---|---|---|---|---|
| 31 Mar 2026 | Dividends paid (cash flow statement) | Dividend paid |
(2.9) | USD millions | Summary statements, p1 |
| 31 Mar 2025 | Dividends paid (cash flow statement) | Dividend paid |
(1.2) | USD millions | Summary statements, p1 |
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.
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SEED CO INTERNATIONAL LIMITED AUDITED ABRIDGED GROUP RESULTS FOR THE YEAR ENDED 31 MARCH 2026
Year ended 31 March 2026 · Published summary of audited statements (summary) · final status not established
Audit: Ernst & Young (named); no auditor's opinion on the full statements in this document · no signature page in this document
Final status: Published by the company (by order of the Board, company secretary E. M. Kalaote, typeset, dated 26 June 2026, PDF p2) and filed with the BSE. No auditor's report on the summary is printed; note 10 states that Ernst & Young issued an unqualified opinion on the group's annual financial statements, and note 11 that the underlying statements were approved by the board on 26 June 2026 (PDF p2, page image).
- Document date
- 26 Jun 2026
- Auditor's report
- date not found in this document
- Board approval
- 26 Jun 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 millions (printed “US$'M”)
- Closing cash includes a printed 'Hyperinflation effects on cash & cash equivalents' line (0.7; 2025: (4.2)) besides the exchange-rate effects line; it is issuer-native, so the closing-cash check (opening + net change + exchange effects) differs by exactly that line: 0.7 in 2026 (shown as within rounding) and (4.2) in 2025 (fail). Checked on the render.
- The PDF text layer of p1 holds overlaid stale text: under the printed 2025 gross profit '62.4' a hidden '62.5' is extracted (pdfplumber reads '6622..45'). The printed (rendered) figure 62.4 is used (OCR of the render, compared on the image; 124.3 - 61.9 = 62.4). pypdf also separates the labels 'Other losses', 'Investments in JVs' and 'Payables' from their amounts; p1 is therefore read from OCR.
- Earnings per share printed in cents (US cents): basic 3.3 (2025: 1.4), diluted 3.2 (2025: 1.4). Dividend of 1.57 US cents per share declared (note 9, p2) is not transcribed (the figure is missing from the text layer at that position).
- No auditor's report on the summary is printed; the summary states that 'The Group's auditors, Ernst & Young, issued an unqualified opinion on the Group's annual financial statements, which is available for inspection at the Company's Registered Office' (note 10, p2), and that 'The underlying financial statements from which this abridged set was extracted were approved by the Board on 26 June 2026' (note 11, p2).
- Abridged group income statement, statement of other comprehensive income, statement of changes in equity, statement of financial position and statement of cash flows, all condensed (p1); supplementary notes (capex, depreciation, commitments, contingent liabilities, dividend, p2). No current/non-current subtotals, no total liabilities, no attribution between owners and non-controlling interests are printed.
Technical details
- File
- 2 pages, with a text layer
- SHA-256
255f0e5e6c4faace1c296b7428e5961da6bee5e0404bc17cc6a85658f78b6867- Entity as printed
- SEED CO INTERNATIONAL LIMITED
- Exchange copy
- retrieved 2026-10-08T18:12:27Z
Data notes
No figure-level notes beyond those in the tables.
Sources checked with AI assistance; independent review has not been completed. Every figure has been located on its cited source page in an AI-assisted source verification (matched to OCR text and compared cell by cell with the page image; read from the page image) (17 October 2026). Automated checks and the AI-assisted verification are not independent review. Methodology
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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.
Updates and corrections
Dated records only, newest first. Each date says what it means: when the company or exchange published a document, when our monitor first found it, when its figures were added to our data, or when a correction was applied. A correction is marked as an error in the company's report or as our own correction.
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Summary refreshed
The business overview and financial-trend summary on this page were written from the published figures and checked against them on this date (AI-assisted verification).
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Added to our financial data
Figures from the published summary of audited statements for FY to 31 Mar 2026 added to our financial data (106 figures).