CBZ Holdings Limited, a diversified financial services conglomerate based in Zimbabwe, has reported a profit after tax of ZWG1.12 billion for the quarter ending September 30, 2026. According to NewZimbabwe, the group achieved this result on total income of ZWG4.60 billion, marking a 3.2 percent increase in US dollar terms. This figure outpaced the 0.9 percent growth recorded in local currency, a discrepancy NewZimbabwe attributes to a 2.2 percent appreciation of the ZiG exchange rate against the US dollar during the period.
Rumbidzai Jakanani, the group’s Chief Legal Counsel and Governance Officer, presented these findings in a trading update. She stated that the financial performance was underpinned by growth in lending and non-funded income, alongside an increase in customer deposits. Funded income rose by 3.5 percent year-on-year to ZWG1.52 billion, while non-funded income climbed 11.0 percent to ZWG3.06 billion. The total income also included a net insurance service result of ZWG27.2 million, double the ZWG13.6 million recorded in the same period the previous year.
The report highlights that commission and fee income faced pressure due to regulatory fee caps. In response, management has prioritized revenue diversification and the expansion of funded income to support sustainable earnings. Jakanani noted that the domestic operating environment remained comparatively stable during the third quarter. This stability was characterized by lower inflation and relative exchange-rate stability, which provided greater predictability for business activity.
Macroeconomic indicators cited in the report show that annual ZiG inflation averaged 3.3 percent during the third quarter, down from 4.6 percent in the second quarter. USD inflation averaged 3.2 percent. Foreign currency inflows increased by 34 percent to US$15.9 billion over the nine months to September 2026. Reported reserves stood at US$2.0 billion, providing approximately two months of import cover.
Looking ahead, Jakanani stated that the outlook for the remainder of 2026 depends on the continuation of domestic inflation and exchange-rate stability, as well as developments in global financial and commodity markets. The group identified market development and increasing market share as key strategic priorities. Cost containment and digital transformation were described as central to improving operating efficiency in the coming months.