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Illustrative pricing · Stocks ZW
DELTA CORPORATION LIMITED · ZSE : DLTA

Delta Corporation Limited

Zimbabwe's largest beverage manufacturer — lagers, sorghum beer, carbonates and wines.

64.12ZWG-0.478 (-0.74%)· today
Latest resultsAll filings

Key statistics

Market capUSD 82,971.28 M
Shares outstanding1,294 M
Day range63.40 – 64.80
52-week range38.10 – 68.30
Volume1.92 M
Avg vol (30d)2.21 M
P / E (ttm)11.80
Dividend yield3.60%
EPS (ttm)5.43
Beta (5Y)0.74
DLTA price (ZWG)·1Y · +108.09%
12.1717.2422.3127.3832.44
ZSE : DLTAZWG
64.12
0.74%
Founded 1898

Delta Corporation Limited

Zimbabwe's largest beverage manufacturer — lagers, sorghum beer, carbonates and wines.

delta.co.zw

Founded
1898
Listed
1946
Financial year end
March
ISIN
ZW 000 901 119 9
Exchange
ZSE

Delta Corporation Limited traces its roots to 1898 and has been publicly listed on the Zimbabwe Stock Exchange since 1946, making it one of the oldest listed companies in the country. Delta grew into Zimbabwe's leading beverage manufacturer, producing and distributing alcoholic and non-alcoholic beverages across Southern Africa. It holds the Coca-Cola franchise for Zimbabwe and owns African Distillers Limited, which produces wines and spirits. Delta is currently the largest company by market capitalisation on the ZSE, representing over 40% of the exchange's total equity value, and operates as part of the AB InBev group of companies through AB InBev's shareholding.

Corporate structure

Delta operates through several business divisions: Lager Beer (Castle, Eagle, Lion, Zambezi brands, brewed at Southerton in Harare and Belmont in Bulawayo), Sorghum Beer (Chibuku, produced at 14 breweries nationwide), Sparkling Beverages (Coca-Cola franchise products, Mr Juicy, Schweppes), and African Distillers Limited (wines and spirits). The Group also has regional operations including National Breweries Plc in Zambia and United National Breweries in South Africa. Governance is structured around a Board of Directors chaired on a non-executive basis, an Executive team led by the Group CEO, and a Group Management Committee overseeing operating divisions.

1898
Founded in Bulawayo
Established as Castle Brewery, Rhodesia's first commercial brewer.
1946
Listed on the RSE
Admitted to the predecessor of today's Zimbabwe Stock Exchange under the ticker DLTA.
1978
Sorghum beer monopoly
Acquires Chibuku Breweries, consolidating opaque-beer manufacturing nationwide.
2017
AB InBev partnership
Anheuser-Busch InBev becomes anchor shareholder via the SABMiller transaction.
2023
VFEX secondary listing
Dual-listed on Victoria Falls in USD to broaden the foreign investor base.
2026
USD reporting adopted
Functional currency formally changed to US dollar from the 2026 financial year.
Board & executive

Stewardship.

Composition of the board of directors and executive management team.

SM
Sternford Moyo
Chairman (Non-Executive)
Sternford Moyo holds law degrees from the University of Zimbabwe and is Chairman and Senior Partner of the law firm Scanlen and Holderness. He is a former President of the International Bar Association and specialises in mining, corporate, and commercial law.
MMV
Matlhogonolo Mothibedi Valela
Chief Executive Officer
Appointed Group CEO on 1 July 2021, Valela (B Tech Accounts, CA(Z)) joined Delta in December 1996 as an accountant, progressing through senior operational finance roles including Group Finance Director, before being appointed CEO.
AM
Alex Makamure
Executive Director – Finance
Alex Makamure (B Acc Hons, FCA(Z), LLB, FCIArb) was appointed Executive Director – Finance on 1 April 2021. He joined the Group in 1998 as Finance Manager at Chibuku Breweries and represents the company on several subsidiary boards, including Schweppes Zimbabwe and African Distillers.
FNM
Faith Nzilani Musinga
Group Legal & Company Secretary
Faith Musinga (LLB) joined Delta as Group Company Secretary on 1 February 2022. She previously served as Head of Legal and Compliance at PPC Zimbabwe and worked at Ariston Holdings and PG Industries Zimbabwe, and was formerly a Magistrate with the Judicial Services Commission.
EF
Emma Fundira
Non-Executive Director
Emma Fundira joined the Board in January 2019 and chairs the Remuneration and Nominations Committees. She is Managing Director and co-founder of Finesse Advisory Services and a former merchant banker with extensive board experience.
TM
Todd Moyo
Non-Executive Director
Todd Moyo (B Acc Hons, FCA(Z), CA(SA)) joined the Board in April 2016 and previously chaired the Audit Committee. He also sits on the boards of National Foods Limited and PPC.
SENS · ZSE

Announcements & cautionaries.

Regulatory filings, dividend declarations and trading updates.

All filings →
RESULTS20 May 2026

FY2026 audited results — revenue up 18.4% in USD terms

Delta delivers double-digit volume growth in lagers and sorghum beer; final dividend of USc 9.40 declared.

READ ANNOUNCEMENT
Latest results highlights

Financial performance.

Source: company filings via the Stock Exchange News Service.

Revenue (FY26)
USD 1.04 B
+18.4% YoY
EBITDA margin
27.4 %
+210 bps
EPS (diluted)
USc 543
+22.1%
Return on equity
21.6 %
+80 bps

Revenue & EBITDA — seven-year trend

USD millions, group consolidated.

RevenueEBITDA
028657285811442020202120222023202420252026

Reports & filings

PDF
Integrated Annual Report 2026
PDF · 9.8 MB
PDF
Audited Financial Statements 2026
PDF · 3.4 MB
PDF
Sustainability & ESG Report 2026
PDF · 4.1 MB
PDF
Half-year Results Presentation
PDF · 2.8 MB
PDF
Notice of 128th AGM
PDF · 612 KB
Investor relations

Calendar & register.

Forward-looking corporate calendar and the latest disclosed shareholder structure.

Financial calendar

22 May 2026
Delta — FY2026 audited results call
Webcast · 14:00:00
28 May 2026
Delta — interim dividend payment date
ZSE · VFEX
24 Jun 2026
Delta — 128th Annual General Meeting
Harare · 10:00:00
21 Aug 2026
Delta — H1 2027 results
SENS · ZSE · 07:30:00

Shareholder structure