Savanna Beef records N$25.9m loss, abattoir ramps up operations

CHAMWE KAIRA

Savanna Beef Processors Limited reported a group loss of N$25.9 million for the financial year ended 28 February 2026, as the company continued with the commissioning and ramp-up of its newly completed abattoir and meat processing facility.

According to the company’s audited financial results released on the Namibia Securities Exchange (NSX), the group recorded an operating loss of N$30.9 million compared with an operating loss of N$13.2 million in the previous financial year.

The group’s loss before taxation widened to N$42.1 million from a loss of N$1.2 million recorded in the prior year. A taxation benefit of N$16.2 million reduced the final loss for the period to N$25.9 million, compared with a loss of N$1.2 million in 2025.

Headline earnings per share declined to a loss of 10.14 cents, from a loss of 0.50 cents in the previous year.