Agra Reports N$3.14 Billion In Revenue For 2025/2026 FY

Agra Limited recorded an 11.7% increase in revenue to N$3.136 billion for the 2025/2026 financial year, while operating profit rose by 28.2% to N$199.2 million, according to the company’s 2026 Integrated Report.

The report stated that gross profit increased by 13.5% to N$631 million, while profit after tax climbed from N$115.3 million in the previous financial year to N$145.3 million.

Agra attributed the stronger performance to contributions from its Retail and Wholesale and Auctions divisions, supported by increased livestock marketing activity and higher prices across major livestock categories.

The Retail and Wholesale division recorded revenue of N$3.007 billion, an 11.4% increase from the previous financial year, reporting that the division’s performance reflected its national branch network, customer support and continued expansion of its products and services.

During the year, the company introduced SureTech, a business specialising in agricultural and residential security solutions.

The report also highlighted the expansion of services at selected outlets, including tyre fitment, as part of efforts to broaden its customer offering.

Meanwhile, Agra’s Auctions division benefited from higher livestock volumes and stronger prices, while report recorded an 18.3% increase in the total number of animals marketed through its auctions during the financial year.

Moreover, the Sheep volumes also increased by 30.6%, while goat volumes rose by 32.1% and cattle numbers grew by 2.1%.

Agra further reported that average prices per head for cattle and sheep increased by 20.1%, while goat prices rose by 7.3%.

The company linked the improvement in livestock trading to favourable rainfall and better grazing conditions across large parts of Namibia, which supported farmers in rebuilding and expanding their herds.

The report also pointed to strong market demand as a factor behind increased livestock marketing activity and higher prices.

However, Agra’s financial results cover the year ended July month end 2026, before the foot-and-mouth disease was confirmed in the Karasburg State Veterinary District mid- September 2026.

The company stated that the outbreak had temporarily suspended livestock auction activities and could delay payments from farming customers who were unable to sell their livestock, adding that the ultimate financial impact could not yet be reliably estimated, according to the report.

The outbreak therefore represents a separate challenge following the performance recorded during the reporting period, with the company indicating that the effects on its operations and financial results remain uncertain.