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Review pending. 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). 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

Willdale

WILD.ZW · Zimbabwe Stock Exchange · Company statements

On this page
Company details
Legal name
Willdale Limited
Listing
WILD.ZW on the Zimbabwe Stock Exchange, active · ISIN ZW0009011850 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
30 September

Overview

Year ended 30 September 2025 · published summary of audited statements, signed / final · source

Read with these figures

  • Qualified audit opinion. FY to 30 Sep 2025: The auditor gives a qualified ('except for') opinion: apart from the matters it names, the statements are presented fairly. Details below.
  • Summary financial statements. FY to 30 Sep 2025 figures come from a published summary of the audited statements, not the full statements.
  • Auditor's emphasis of matter. Emphasis of Matters a) Basis of Accounting: the translated financial report is prepared to meet the Monetary Policy Statement of 6 February 2025 (notes 1 and 2); opinion not modified in respect of this matter (p2).
Full wording and sources

  • Auditor's report, year to 2025-09-30: 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 — Comparative financial information: Non-compliance with IAS 21 'The Effects of Changes in Foreign Exchange Rates': the functional currency changed from ZWL to USD during the year ended 30 September 2023 but the company did not change it until 1 May 2024; the financial impact could not be established but was material and pervasive; the current-year opinion is modified because of the effect on comparability of the current and prior year (PDF p2).

    Source: AUDITED ABRIDGED FINANCIALS FOR THE YEAR ENDED 30 SEPTEMBER 2025 — SPECIAL PURPOSE FINANCIAL INFORMATION: ZWG FINANCIAL INFORMATION, p2 (dated 2025-12-19)

  • 2025, 2024: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'The following abridged financial information has been provided as supplementary information to comply with the Reserve Bank of Zimbabwe requirements.' (p1); 'The special purpose financial information is presented in Zimbabwean Gold (ZWG) and has been prepared based on the statutory records ... converted from US dollars which is the functional currency of the Company' (p1) BDO Zimbabwe, 'REPORT ON THE AUDIT OF THE ABRIDGED SPECIAL PURPOSE REPORT', Qualified Opinion: 'In our opinion, the accompanying abridged special purpose translated financial report of Willdale Limited as at 30 September 2025 is prepared in all material respects, in accordance with the Monetary Policy Statement presented by the Reserve Bank of Zimbabwe Governor on the 6th of February 2025.' 'We are the auditors of the company and rendered our opinion on the underlying annual financial statements that were used to prepare the translated financial report on 19 December 2025. Our opinion thereon was qualified.' (p2). Signed BDO Zimbabwe, Davison Madhigi, 19 December 2025 (p3). The p1 publication itself says 'The auditor's report on special purpose financial information is available for inspection at the Company's registered office.' Special-purpose ZWG information only: abridged statement of profit or loss and OCI, statement of financial position, statement of cash flows (with non-cash adjustments and working-capital lines) and statement of changes in equity, plus notes on the revaluation reserve, dividend, compliance and basis of preparation (p1). Converted from US dollars, the functional currency, at the 30 September 2025 spot rate US$1:ZWG26.6439 (2024: US$1:ZWG24.8831) (p1). The company's general-purpose USD statements are not in this document. Opening 2025 cash (3,804,503) differs from closing 2024 cash (3,553,082) because each year is translated at its own closing rate.

    Source: AUDITED ABRIDGED FINANCIALS FOR THE YEAR ENDED 30 SEPTEMBER 2025 — SPECIAL PURPOSE FINANCIAL INFORMATION: ZWG FINANCIAL INFORMATION (dated 2025-12-19)

  • Auditor's emphasis of matter

    Emphasis of Matters a) Basis of Accounting: the translated financial report is prepared to meet the Monetary Policy Statement of 6 February 2025 (notes 1 and 2); opinion not modified in respect of this matter (p2).

    Source: AUDITED ABRIDGED FINANCIALS FOR THE YEAR ENDED 30 SEPTEMBER 2025 — SPECIAL PURPOSE FINANCIAL INFORMATION: ZWG FINANCIAL INFORMATION (dated 2025-12-19)

  • Revenue

    ZWG 161 million

    161,061,183 ZWG units · p1

    −41.6% vs 2024

  • Operating profit / (loss)

    −ZWG 102 million

    (102,490,722) ZWG units · p1

    Change not shown.

  • Profit / (loss) for the year

    −ZWG 25.4 million

    (25,404,688) ZWG units · p1

    Change not shown.

  • Total assets

    ZWG 1.13 billion

    1,130,304,764 ZWG units · p1

    +36.8% vs 2024

  • Total equity

    ZWG 796 million

    795,956,521 ZWG units · p1

    +40.2% vs 2024

  • Cash from operations

    ZWG 2.54 million

    2,540,175 ZWG units · p1

    −75.8% vs 2024

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 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 30 Sep 2025 — published summary of audited statements (summary), signed / final; reported for the year · source
  • FY to 30 Sep 2024 — published summary of audited statements (summary), signed / final; comparative in the FY to 30 Sep 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 following abridged financial information has been provided as supplementary information to comply with the Reserve Bank of Zimbabwe requirements.' (p1); 'The special purpose financial information is presented in Zimbabwean Gold (ZWG) and has been prepared based on the statutory records ... converted from US dollars which is the functional currency of the Company' (p1) BDO Zimbabwe, 'REPORT ON THE AUDIT OF THE ABRIDGED SPECIAL PURPOSE REPORT', Qualified Opinion: 'In our opinion, the accompanying abridged special purpose translated financial report of Willdale Limited as at 30 September 2025 is prepared in all material respects, in accordance with the Monetary Policy Statement presented by the Reserve Bank of Zimbabwe Governor on the 6th of February 2025.' 'We are the auditors of the company and rendered our opinion on the underlying annual financial statements that were used to prepare the translated financial report on 19 December 2025. Our opinion thereon was qualified.' (p2). Signed BDO Zimbabwe, Davison Madhigi, 19 December 2025 (p3). The p1 publication itself says 'The auditor's report on special purpose financial information is available for inspection at the Company's registered office.' Special-purpose ZWG information only: abridged statement of profit or loss and OCI, statement of financial position, statement of cash flows (with non-cash adjustments and working-capital lines) and statement of changes in equity, plus notes on the revaluation reserve, dividend, compliance and basis of preparation (p1). Converted from US dollars, the functional currency, at the 30 September 2025 spot rate US$1:ZWG26.6439 (2024: US$1:ZWG24.8831) (p1). The company's general-purpose USD statements are not in this document. Opening 2025 cash (3,804,503) differs from closing 2024 cash (3,553,082) because each year is translated at its own closing rate.

Income statement

Income statement, ZWG units. Columns: FY to 30 Sep 2025 — published summary of audited statements (signed / final), as reported for the year; FY to 30 Sep 2024 — published summary of audited statements (signed / final), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 30 Sep 2025Published summary of audited statements (summary)reported for the yearFY to 30 Sep 2024Published summary of audited statements (summary)comparative in FY to 30 Sep 2025 filingsource limitations
Revenue from contracts with customers 161,061,183 275,695,318
Cost of sales (188,560,662) (242,999,099)
Gross (loss)/profit (27,499,479) 32,696,219
Selling and distribution expenses (15,455,016) (19,823,943)
Administrative expenses (54,806,481) (65,661,102)
Allowance for credit losses (2,261,748) (1,864,043)
Exchange loss1 (7,447,477) (20,784,829)
Other income 4,979,479 29,727,782
Operating loss (102,490,722) (45,709,916)
Fair value gain on investment property2 12,682,497 14,669,708
Share of loss of equity accounted associate (219,440) (366,628)
Interest expense (1,108,459) (1,562,236)
Interest income –3 46,457
Loss before monetary gain4 (91,136,124) (32,922,615)
Monetary gain5 –6 5,576,652
Loss before tax (91,136,124) (27,345,963)
Income tax credit 65,731,436 7,517,061
Loss after tax (25,404,688) (19,828,902)
Revaluation surplus7 288,320,810 159,011,943
Tax thereon8 (74,983,304) (40,945,565)
Other comprehensive income net of tax 213,337,506 118,066,378
Total comprehensive income for the year 187,932,818 98,237,476
  1. Printed “-”, read as nil: subtotal_arithmetic: is.native.co_sm74jze6m3pn.loss_before_monetary_gain.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
Notes and alternative reported figures (6)
  1. “Exchange loss” is an issuer-specific line, not mapped to a shared definition: Foreign exchange loss within operating loss.
  2. “Fair value gain on investment property” is an issuer-specific line, not mapped to a shared definition: Below operating loss.
  3. “Loss before monetary gain” is an issuer-specific line, not mapped to a shared definition: Printed subtotal before the IAS 29 monetary gain.
  4. “Monetary gain” is an issuer-specific line, not mapped to a shared definition: IAS 29 net monetary gain (2024 only).
  5. “Revaluation surplus” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income not to be recycled.
  6. “Tax thereon” is an issuer-specific line, not mapped to a shared definition: Deferred tax on the revaluation surplus.

Balance sheet

Balance sheet, ZWG units. Columns: FY to 30 Sep 2025 — published summary of audited statements (signed / final), as reported for the year; FY to 30 Sep 2024 — published summary of audited statements (signed / final), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 30 Sep 2025Published summary of audited statements (summary)reported for the yearFY to 30 Sep 2024Published summary of audited statements (summary)comparative in FY to 30 Sep 2025 filingsource limitations
Non current assets 1,013,499,351 682,396,901
Property, plant and equipment 810,429,481 502,716,507
Right-of-use assets 628,717 2,257,271
Investment property 50,756,630 35,557,950
Investment in equity accounted associate 151,684,523 141,865,173
Current assets 116,805,413 143,712,329
Inventories 110,676,552 134,621,403
Trade and other receivables 3,198,148 5,537,844
Cash and cash equivalents 2,930,713 3,553,082
Total assets 1,130,304,764 826,109,230
Equity 795,956,521 567,841,605
Share capital 302,480 282,504
Asset revaluation reserve 576,260,729 338,938,926
Retained income 219,393,312 228,620,175
Non current liabilities 140,032,468 126,074,681
Deferred tax 140,032,468 123,899,599
Long term borrowings –1 130,935
Lease liability –1 2,044,147
Current liabilities 194,315,775 132,192,944
Trade and other payables 109,916,000 45,553,964
Contract liability 76,673,173 77,120,966
Lease liability -current portion 680,859 233,504
Provisions 6,036,472 6,688,431
Short term borrowings 1,005,195 2,379,173
Current tax payable 4,076 216,906
Total liabilities 334,348,243 258,267,625
Total equity and liabilities 1,130,304,764 826,109,230
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.

Cash flow

Cash flow, ZWG units. Columns: FY to 30 Sep 2025 — published summary of audited statements (signed / final), as reported for the year; FY to 30 Sep 2024 — published summary of audited statements (signed / final), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 30 Sep 2025Published summary of audited statements (summary)reported for the yearFY to 30 Sep 2024Published summary of audited statements (summary)comparative in FY to 30 Sep 2025 filingsource limitations
Cash generated from operations 5,763,262 13,317,773
Interest paid (921,293) (1,249,405)
Interest received –1 46,457
Cash payments for interest portion of lease liability2 (187,174) (312,830)
Income tax paid (2,114,620) (1,309,772)
Net cash flows from operating activities 2,540,175 10,492,223
Proceeds from sale of property, plant and 39,966 180,402
Purchase of property, plant and equipment (779,788) (5,584,912)
Purchase of additional shareholding in associate3 –4 (870,909)
Cashflow from investing activities (739,822) (6,275,419)
Dividend paid –5 (4,038,303)
Loan repayment (1,682,536) (1,571,218)
Cash payments for principal portion of lease liability (991,607) (1,024,188)
Net cash outflows from financing activities (2,674,143) (6,633,709)
Net increase in cash and cash equivalents (873,790) (2,416,905)
Cash and cash equivalents at the beginning of 3,804,503 5,969,987
Cash & cash equivalents at the end of the year 2,930,713 3,553,082
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  3. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (2)
  1. “Cash payments for interest portion of lease liability” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  2. “Purchase of additional shareholding in associate” is an issuer-specific line, not mapped to a shared definition: Investing.

Per share and shares

Per share and shares. Columns: FY to 30 Sep 2025 — published summary of audited statements (signed / final), as reported for the year; FY to 30 Sep 2024 — published summary of audited statements (signed / final), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 30 Sep 2025Published summary of audited statements (summary)reported for the yearFY to 30 Sep 2024Published summary of audited statements (summary)comparative in FY to 30 Sep 2025 filingsource limitations
Earnings / (loss) per share (per share)41 (0.000143)2 (0.000112)3
  1. Printed as (0.0143) cents; value converted to ZWG at 100 cents = 1 ZWG.
  2. Printed as (0.0112) cents; value converted to ZWG at 100 cents = 1 ZWG.
Notes and alternative reported figures (2)
  1. “Basic earnings per share - cents”: mapping to a shared definition is uncertain. Printed 'Basic earnings per share - cents' ((0.0143); 2024: (0.0112)); no diluted figure (p1).
  2. Earnings / (loss) per share: printed as “Basic earnings per share - cents”.

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
30 Sep 2025 Dividends paid (cash flow statement) Dividend paid 0printed “–”, read as nil ZWG units Summary statements, p1
30 Sep 2024 Dividends paid (cash flow statement) Dividend paid (4,038,303) ZWG units 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.

  • AUDITED ABRIDGED FINANCIALS FOR THE YEAR ENDED 30 SEPTEMBER 2025 — SPECIAL PURPOSE FINANCIAL INFORMATION: ZWG FINANCIAL INFORMATION

    Year ended 30 September 2025 · Published summary of audited statements (summary) · signed / final

    Audit: BDO Zimbabwe Chartered Accountants, qualified opinion · signed · includes a material-uncertainty paragraph

    Auditor's sign-off: BDO Zimbabwe Chartered Accountants, Davison Madhigi CA(Z), Partner, Registered Public Auditor (PAAB 0610)

    Final status: BDO Zimbabwe Chartered Accountants' 'Independent auditor's report to the members of Willdale Limited — Report on the audit of the abridged special purpose report' (qualified opinion, PDF p2) closes with a handwritten 'BDO Zimbabwe' signature, Davison Madhigi CA(Z), Partner, Registered Public Auditor, Harare, 19 December 2025 (PDF p3, page image). No board approval date is printed in the publication.

    Document date
    19 Dec 2025
    Published
    24 Dec 2025
    Auditor's report
    19 Dec 2025
    Board approval
    date not found in this document
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Sep 2025, FY to 30 Sep 2024
    Basis
    company statements · ZWG units (printed “ZWG”)
    • Basis for Qualified Opinion — Comparative financial information: Non-compliance with IAS 21 'The Effects of Changes in Foreign Exchange Rates': the functional currency changed from ZWL to USD during the year ended 30 September 2023 but the company did not change it until 1 May 2024; the financial impact could not be established but was material and pervasive; the current-year opinion is modified because of the effect on comparability of the current and prior year (PDF p2).
    • Image page. OCR reads several thousands commas as full stops (corrected as read) and places rows of the side-by-side statements on one line; those rows are read on the render. The income-statement dash for 2025 interest income and monetary gain, and the balance-sheet dashes for 2025 long-term borrowings and lease liability, are read on the render.
    • BDO Zimbabwe, 'REPORT ON THE AUDIT OF THE ABRIDGED SPECIAL PURPOSE REPORT', Qualified Opinion: 'In our opinion, the accompanying abridged special purpose translated financial report of Willdale Limited as at 30 September 2025 is prepared in all material respects, in accordance with the Monetary Policy Statement presented by the Reserve Bank of Zimbabwe Governor on the 6th of February 2025.' 'We are the auditors of the company and rendered our opinion on the underlying annual financial statements that were used to prepare the translated financial report on 19 December 2025. Our opinion thereon was qualified.' (p2). Signed BDO Zimbabwe, Davison Madhigi, 19 December 2025 (p3). The p1 publication itself says 'The auditor's report on special purpose financial information is available for inspection at the Company's registered office.'
    • Special-purpose ZWG information only: abridged statement of profit or loss and OCI, statement of financial position, statement of cash flows (with non-cash adjustments and working-capital lines) and statement of changes in equity, plus notes on the revaluation reserve, dividend, compliance and basis of preparation (p1). Converted from US dollars, the functional currency, at the 30 September 2025 spot rate US$1:ZWG26.6439 (2024: US$1:ZWG24.8831) (p1). The company's general-purpose USD statements are not in this document. Opening 2025 cash (3,804,503) differs from closing 2024 cash (3,553,082) because each year is translated at its own closing rate.
    Technical details
    File
    3 pages, scanned (figures read by OCR and checked against the page image)
    SHA-256
    75b8f1a55b24193cf19fca9e13fb837f61ba207fd498c96b67ea896c7d5ad571
    Entity as printed
    Willdale Limited
    Exchange copy
    retrieved 2026-10-08T18:05:29Z

Data notes

  • Other income — OCR read '4.979,479'; the page image shows '4,979,479'. OCR reads a thousands comma as a full stop; the render prints 4,979,479. (AUDITED ABRIDGED FINANCIALS FOR THE YEAR ENDED 30 SEPTEMBER 2025 — SPECIAL PURPOSE FINANCIAL INFORMATION: ZWG FINANCIAL INFORMATION, p1)
  • Inventories — OCR read '110.676,552'; the page image shows '110,676,552'. OCR reads a thousands comma as a full stop; the render prints 110,676,552. (AUDITED ABRIDGED FINANCIALS FOR THE YEAR ENDED 30 SEPTEMBER 2025 — SPECIAL PURPOSE FINANCIAL INFORMATION: ZWG FINANCIAL INFORMATION, p1)
  • Inventories — OCR read '134.621.403'; the page image shows '134,621,403'. OCR reads the thousands commas as full stops; the render prints 134,621,403. (AUDITED ABRIDGED FINANCIALS FOR THE YEAR ENDED 30 SEPTEMBER 2025 — SPECIAL PURPOSE FINANCIAL INFORMATION: ZWG FINANCIAL INFORMATION, p1)
  • Contract liability — OCR read '76.673,173'; the page image shows '76,673,173'. OCR reads a thousands comma as a full stop; the render prints 76,673,173. (AUDITED ABRIDGED FINANCIALS FOR THE YEAR ENDED 30 SEPTEMBER 2025 — SPECIAL PURPOSE FINANCIAL INFORMATION: ZWG FINANCIAL INFORMATION, p1)
  • Contract liability — OCR read '77.120.966'; the page image shows '77,120,966'. OCR reads the thousands commas as full stops; the render prints 77,120,966. (AUDITED ABRIDGED FINANCIALS FOR THE YEAR ENDED 30 SEPTEMBER 2025 — SPECIAL PURPOSE FINANCIAL INFORMATION: ZWG FINANCIAL INFORMATION, p1)
  • Current tax payable — OCR read '4.076'; the page image shows '4,076'. OCR reads the thousands comma as a full stop; the render prints 4,076. (AUDITED ABRIDGED FINANCIALS FOR THE YEAR ENDED 30 SEPTEMBER 2025 — SPECIAL PURPOSE FINANCIAL INFORMATION: ZWG FINANCIAL INFORMATION, p1)

Review status: 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). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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