A partnership based on
trust
We operate within the speciality retail and distribution sector with dominant businesses across retail of household goods and appliances, retail of automotive goods and distribution of fast moving consumer goods.
Annual Report 2024
Axia Corporation Limited, a Group listed on the Victoria Falls Stock Exchange (VFEX), presents the Annual Report for the financial year ended 30 June 2024.
The report integrates financial and non-financial information to enable stakeholders to make an informed assessment of our performance and impacts.
Our Businesses
TV Sales & Home
Wide selection
TV Sales & Home boasts an extensive range of leading global brands in furniture, appliances, and electronics..
Focus on quality
They emphasize sourcing high-quality products, ensuring customers get durable and reliable...
Variety of styles
Whether you’re into classic designs or contemporary trends, TV Sales Home likely has something...
Transerv
Wide range of parts
Transerv stocks an extensive selection of automotive parts, covering various makes and...
Quality brands
They focus on providing genuine parts from reputable brands, ensuring customers get reliable..
Competitive pricing
Transerv aims to offer competitive prices on their products, making vehicle maintenance...
Distribution Group Africa
Warehousing
DGA provides both ambient and chilled/frozen warehousing, ensuring products are stored safely..
Logistics
They manage the complex process of getting products from suppliers to retailers. This..
Marketing
They go beyond just distribution, also providing support in marketing and sales....
Business Practices, Ethics and Compliance
At Axia Corporation Limited, we uphold the highest ethical standards to build trust and credibility. Our structured procurement, payment, and recruitment processes prevent unethical practices, supported by internal and external audits. We ensure strict regulatory compliance through continuous training, audits, and risk assessments to mitigate legal and financial risks. Our anti-corruption policies promote transparency and efficiency, fostering a culture of integrity. Additionally, we prioritize human rights, diversity, and inclusion, ensuring fair treatment, safe work environments, and equal opportunities.
Building wealth, creating futures.
Sustainability Strategy & Governance
At Axia Corporation Limited, we uphold the highest ethical standards to build trust and credibility. Our structured procurement, payment,
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AXIA CORPORATION LIMITED
TRADING UPDATE FOR THE THIRD QUARTER ENDED 31 MARCH 2025
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Trading Environment
The trading environment in the third quarter showed marginal improvement across the Group’s markets. In Zimbabwe, the continued tight monetary policies and restrained liquidity helped slow down the rate of depreciation of the Zimbabwe Gold (ZWG) currency. In Zambia, the Kwacha experienced further weakening against the USD, driven by high import demand and limited export receipts, but formal foreign currency availability remained generally stable. Malawi continued to face challenges with foreign currency shortages, although some improvement in official inflows was noted. Year on year Inflation across all three markets remains elevated, exerting pressure on consumer spending, while localised cost increases and currency volatility continue to impact pricing and demand.
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TV Sales & Home
Revenue grew by 5% during the third quarter on the back of a 15% volume growth compared to the same period the previous year. On a year-on-year basis revenues were up 6% while volumes grew 9%. The significant volume growth is a direct result of our pricing as well as growth in credit sales. The business opened two new stores during the quarter.
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Restapedic
Revenue grew by 21% during the third quarter on the back of a 33% volume of growth compared to the same period the previous year. On a year-on-year basis revenues were up 16% while volumes grew 24%. This growth was a function of the opening of the Bulawayo distribution point as well as the production of more affordable beds.
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Legend Lounge
This became a division of Restapedic effective 1 January 2025. Revenue shed by 9% during the third quarter on the back of a marginal volume decline compared to the same period the previous year. On a year-on-year basis revenues were 10% down due to volumes declining by 6%. The decrease in aggregate demand for high-end lounge suites due to current economic pressures contributed to the downward trend. Management is working on the product mix to cater for all market segments.
