Staff Reporter
THE Meat Corporation of Namibia (Meatco) announced a significant improvement in its year-to-date financial and operational performance, with Group revenue exceeding N$700 million and gross profit surpassing N$100 million.
“Meatco reported a significant improvement in its year-to-date financial and operational performance. Group revenue as at 31 July 2026 reached N$793.20 million, representing an increase of 56% compared with the corresponding period of the previous year and exceeding budget. The Group recorded a gross profit of N$106 million, compared with a gross profit of N$2.27 million in the prior year,” Meatco announced.
The corporation further revealed that slaughter throughput increased by approximately 55% year-on-year, supported by improved cattle procurement, stronger export market realisations, greater operational efficiencies and continued cost management as at 31 July 2026.
“As at 31 July 2026, Meatco had slaughtered more than 34,000 cattle from both the SVCF and NCA, compared with 24,405 during the same period in the previous year. The Minister was informed that, while the results demonstrate encouraging progress in Meatco’s turnaround, management remains focused on strengthening cash generation, securing a sustainable cattle supply and improving efficiencies across the Group,” Meatco said.
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