Quantum Foods has delivered a stellar first-half performance, with headline earnings per share (HEPS) skyrocketing by 244% to 74.8 cents. The poultry producer attributed this sharp rise to recovering production volumes, stronger demand for layer livestock, and improved operational conditions in key markets. Revenue climbed 20% to R3.6 billion, while operating profit before capital items jumped 234% to R205 million. Despite the impressive turnaround from a R44.2 million profit in the prior period to R150.1 million, the company opted against declaring an interim dividend.
The group benefited from several tailwinds, including the absence of avian flu outbreaks, reduced load-shedding disruptions, and a stronger performance in Uganda. Higher feed raw material costs also boosted revenue in its feed segment. However, challenges in Zambia and Mozambique, along with lower egg prices, tempered some of these gains. Quantum Foods remains focused on optimising its operations to sustain growth.
Looking ahead, the company plans to expand its Malmesbury feed factory, complete a broiler breeder conversion project, and maintain efficiency improvements in its broiler operations. It also aims to rebuild its layer flock in Mozambique and invest in biosecurity measures across its African farms. With regional stability supporting its recovery, Quantum Foods is positioning itself for continued growth in the poultry sector.