PPC stock reports 40 percent EBITDA growth in August update

PPC stock is backed by 40 percent EBITDA growth for the five months ended August 31, 2026. The group margin rose to 22.10 percent as RK3 construction continued.

PPC stock is tied to a 40 percent increase in group EBITDA for the five months ended August 31, 2026, according to Sharenet on September 28, 2026. The update shows how pricing discipline and operational improvements offset weaker cement volumes in South Africa and Botswana.

EBITDA margin reaches 22.10 percent

Group EBITDA margin strengthened to 22.10 percent from 15.90 percent in the comparable period, a 6.20 percentage point increase, while group revenue rose 1.00 percent. Business Day reported the figures on September 28, 2026, highlighting the contribution from PPC's Zimbabwean cement operations.

The comparison is important because the South Africa and Botswana cement business faced an 8.00 percent decline in sales volumes. Revenue in that region fell 2.00 percent, but regional EBITDA still increased 3.30 percent and its margin expanded to 16.70 percent, according to Sharenet.

Zimbabwe supplies the strongest margin

Zimbabwe cement volumes increased 3.00 percent during the period, while the business lifted its EBITDA margin to 34.20 percent from 19.10 percent. CemNet reported on September 28, 2026, that a planned maintenance shutdown at the Collen Bawn plant is expected to moderate the margin in the first half.

The regional split gives PPC a clear earnings contrast: Zimbabwe is expanding through higher own-clinker production and improved plant reliability, while South African demand remains pressured by discounting and elevated diesel costs. PPC's Zimbabwe business also declared dividends of USD 15.00 million during the current period, compared with USD 12.00 million in the comparable period, according to Sharenet.

RK3 sets the next growth milestone

Construction of PPC's RK3 integrated cement plant in the Western Cape remains on track for completion in the final quarter of fiscal year 2027, with an approved budget of ZAR 3.10 billion. The project is central to management's expectation of a further step change in performance from fiscal year 2028, as stated by Sharenet on September 28, 2026.

November 16 results date

PPC is scheduled to release its summarized unaudited consolidated financial statements for the six months ending September 30, 2026, on November 16, 2026, according to Business Day. The report will show whether Zimbabwe's margin gains can offset the planned shutdown effect and persistent weakness in the South African cement market.

PPC stock facts

• Company: PPC Ltd
• Ticker: PPC
• Primary exchange: JSE
• Sector / Industry: Construction materials
• Next earnings date: November 16, 2026