Agra profit jumps 52% amidst Namibian agricultural challenges

Agra Limited (JSE:AGR) has announced its unaudited consolidated financial results for the interim period ended 31 January 2025, showcasing resilience and growth amidst economic and environmental headwinds. Revenue increased by 12.0% to N$1.53 billion, compared to N$1.36 billion in the prior year. The operating profit rose from N$41.905 million to N$61.423 million. Total comprehensive income surged by 52.0% to N$44.2 million, up from N$29.1 million. The annualized basic earnings per share increased to 86.49 cents, reflecting improved profitability. The group attributes its performance to strategic cost control and efficiency measures. Agra remains focused on supporting farmers with critical goods and prudent financial management to sustain growth, navigating climatic and economic uncertainties.