Nkonyeni Pre-Cast Limited has released its financial results for the year ended 30 June 2025, reporting a solid balance-sheet position despite a difficult operating environment.
The Group preserved gross profitability, tightened cost controls and narrowed losses, reinforcing its financial resilience and long-term sustainability. According to the financials, total assets increased to E70 164 587 from E69 619 220 in the previous financial year, supported by disciplined capital allocation and operational stability.
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On capital raised, the company reported that proceeds from the listing strengthened liquidity, enabling targeted investment in efficiency-enhancing technologies and additional production capacity while the acquisition of AT & T Quarries added a further E70 million to Group assets, enhancing raw-material security and reinforcing long-term capital stability.
The results highlighted that NPC’s strengthened asset base and improved capital structure underlined its commitment to transparency, accountability and sustainable value creation for shareholders, customers, employees and communities.
According to the results, the company’s balance sheet continued to demonstrate resilience, providing a stable foundation for future investment and growth:
“NPC’s growing asset base solidifies its ability to support Eswatini’s construction sector and positions the Group for sustained value creation,” states the results.
The company further reported in its financial performance that Gross Profit Margin: Improved to 46% up from 44% in 2024 and that Operational Discipline reduced distribution costs and managed overheads helped narrow the Group’s losses despite a tough market backdrop.
NPC also reported Customer Value Impact, noting that the group’s strengthened balance sheet supported reinvestment into customer-facing improvements, including enhanced service quality, new and expanded product offerings and improved overall customer experience.
Independent auditors Kobla Quashie issued an unqualified audit opinion, confirming that the financial statements present fairly, in all material respects, NPC’s financial position and performance.
NKONYENI PRE-CAST MARKS STRONG YEAR OF GROWTH, EXPANSION
Nkonyeni Pre-cast Limited (NPC), one of Eswatini’s most diversified and forward-looking manufacturing groups, has announced major milestones during its 9th Annual General Meeting.
Despite a seven percent decrease in revenue compared to the previous financial year, the Group demonstrated resilience and strong operational discipline, achieving significant progress in strengthening its financial position and expanding its market footprint.
For the financial year ended 30 June 2025, NPC improved its gross profit margin from 44 per cent to 46 per cent and this was supported by tighter cost controls, enhanced production efficiencies and deliberate management of operational expenses.
The company also made groundbreaking progress in reducing short-term liabilities, improving cash flow stability and positioning itself for a stronger financial outlook.
NPC further reported that since listing on the Eswatini Stock Exchange, NPC’s share price had increased by 50 per cent reflecting investor confidence in the Group’s strategy and execution.
The company sales of NPC’s core concrete products being blocks, pavers and roof tiles, continued to grow, supported by better stock availability and new ways of serving customers.
The introduction of bagged aggregates and the rollout of consignment stock arrangements with local retailers and selected outlets in South Africa, also ensured expanding regional market access and driving growth opportunities for its product range.
Strategically, the year marked a major milestone with the acquisition of a 90 per cent stake in AT & T Quarries (Pty) Ltd, a long-established quarry business in Eswatini.
According to NPC Managing Director Marissa van Zuydam-Kunene, this strategic business and portfolio expansion added a significant asset to the company and secured a reliable local source of stone and gravel.
She said the acquisition is expected to support price stability, improve supply reliability and open further opportunities for growth.
“NPC also commissioned the Chemical Solutions Blending Plant, significantly enhancing local capacity for the production of industrial and water-treatment chemicals.
“This investment is aligned with the Group’s commitment to reducing reliance on imports, expanding locally blended products, promoting industrialisation and creating sustainable employment opportunities,” she added.
She added that the Group’s commitment to excellence was further recognised when NPC and its subsidiary Swazi Tiles, received Product of the Year Awards at the Eswatini Quality Awards 2025, affirming their reputation for certified, durable and high-quality products.
Swazi Tiles also won Product of the Year (SMME) at the SADC Quality Awards in Madagascar, showcasing Eswatini’s manufacturing capability on a regional stage.
The MD further mentioned that the quarry acquisition and their new chemical blending facility would strengthen their foundation for future growth.
“Despite a challenging trading environment, our team’s resilience has enabled us to improve gross profit, expand our retail footprint, reduce liabilities and drive operational efficiencies. We are building a business that creates sustainable value for our shareholders and opportunities for our people.”
With a diversified portfolio spanning precast products, hardware, construction, printing, and chemicals, NPC remains a key contributor to Eswatini’s industrial development, innovation and employment creation.
She said looking ahead, NPC planned to deepen its presence in Eswatini and neighbouring markets, invest further in efficient and sustainable production and continue improving service to contractors, developers, hardware retailers and homeowners.
“NPC, Your Company – Your Future, Inkapane yeMaswati!”
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