Why invest in Powerspeed?
A Market Leader in Hardware & Electrical Solutions, Driving Long-Term Growth.
Powerspeed Electrical Limited is Zimbabwe’s leading hardware and electrical retailer, operating through its Electrosales Hardware brand. With a strong nationwide footprint of 25 branches and a workforce of over 1,500 employees, the company continues to expand its market share despite a challenging economic environment. Powerspeed remains resilient and adaptable, consistently delivering growth, profitability, and long-term shareholder value.
In 2024, the company achieved record revenues of USD 128.6 million, reflecting strategic expansion, operational efficiencies, and a commitment to customer service. With new product lines, retail innovations, and a focus on supply chain strength, Powerspeed is well-positioned for sustained success. Learn more about our growth strategy and competitive advantages in our Investment Case.
Our ability to source products from the best global suppliers allows us to deliver exceptional quality and competitive pricing to our customers. We continue to rely on this strategy to increase our market share, even in an environment heavily biased towards informal businesses.
V.R. Gapare, Chairman
Revenue
US$
128.62 million
2023: 127.95 million
0.52%
Profit before taxation
US$
5.44 million
2023: 4.98 million
9.09%
Diluted EPS
US cents
1,075.82
2023: 955.26
12.62%
Powering Progress, Building Value
