PPC reports 40 percent earnings growth. Investing.com lists 2.37 percent upside for PPC stock

Published on 10/18/2026 at 12:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 1 percent through August 31, 2026, with Zimbabwe lifting margins. The next results date for PPC stock is November 16, 2026.

Operational improvement and reporting date

PPC's September 28, 2026 update reported 40 percent growth in earnings before interest, taxes, depreciation and amortization.
Group EBITDA margin rose to 22.1 percent from 15.9 percent for the five months ended August 31, 2026.
PPC's next half-year results are expected on November 16, 2026.

PPC, ZAE000170049, Illustration mit AI erstellt.

PPC (ISIN ZAE000170049) reported 40 percent growth in earnings before interest, taxes, depreciation and amortization for the five months ended August 31, 2026. Investing.com lists a 12-month target of ZAR 820.00 and 2.37 percent upside for PPC stock.

Zimbabwe offsets weaker core markets

The operating update dated September 28, 2026 showed group revenue up 1 percent year on year. Zimbabwe revenue increased 5 percent, while South Africa and Botswana cement revenue declined 2 percent.

JSE SENS reported that South Africa and Botswana cement volumes fell 8 percent, but regional earnings before interest, taxes, depreciation and amortization increased 3.3 percent. PPC also recorded ZAR 1,137 million of net cash outflow before financing activities as construction continued on the RK3 plant.

What does the margin change mean?

The group margin reached 22.1 percent from 15.9 percent in the comparable period. Zimbabwe was the main operational counterweight, with its margin expanding to 34.2 percent from 19.1 percent, although a planned plant shutdown is expected to moderate the half-year figure, according to CemNet.

The next reporting date

PPC expects to release unaudited financial statements for the six months ended September 30, 2026, on or about November 16, 2026, according to the operating update. The Financial Gazette also reported that Zimbabwe operations supported the five-month performance.

JSE price and valuation context

On the JSE, PPC last stood at ZAc 760.00 on October 16, 2026, within a 52-week range of ZAc 497.00 to ZAc 850.00. The company expects the RK3 plant to be completed in the final quarter of fiscal year 2027, with a board-approved budget of ZAR 3.1 billion. The further course of trading is shown by the continuously updated real-time quote of PPC stock.