Puma Energy Zambia Posts K154M Loss in First Half of 2025
Puma Energy Zambia Plc (PUMA) has reported a post-tax loss of K154.29 million for the half-year ended 30 June 2025, widening from a K136.82 million loss recorded over the same period in 2024.
The decline in financial performance is attributed to regulated retail prices that have not kept pace with rising product costs, coupled with intensified competition in the mining sector as buyers diversify their suppliers. Revenue fell 27% year-on-year to K5.64 billion, reflecting a 23% contraction in volumes.
Pre-tax losses before finance costs, taxes and exchange rate movements increased to K138.39 million from K104.73 million the previous year. Finance expenses stood at K62.42 million, while exchange losses amounted to K52.42 million.
Despite the challenging environment, Puma Energy invested K106.90 million in capital expenditure, focusing on fuel storage facilities and expanding its retail network to support future growth. Net cash from operating activities improved to K493.72 million, up from K258.10 million in the first half of 2024.
In its review of operations, the company noted that the combination of price regulation, shifting market dynamics and rising competition has placed significant pressure on margins. Management has outlined plans to enhance operational efficiency, optimise processes, and revise pricing strategies to better reflect market conditions.
“Despite the current cost pressures and tighter profit margins, Puma Energy Zambia remains strategically positioned to capitalise on growth opportunities in its core sectors,” the company said. “Our focus on efficiency, cost control and safety practices will strengthen long-term resilience.”
Puma Energy Zambia Plc’s half-year financial results were approved by the Lusaka Securities Exchange, the Securities and Exchange Commission, and the company’s board of directors.
