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Tinashe Mukogo

@tmukogo

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Join the newsletter ➡️https://t.co/lGh85dLsAG Unpacking The Finance & Strategy Behind the Companies You Care About | AMDG |MBA @INSEAD, CA

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Joined July 2010
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@tmukogo
Tinashe Mukogo
4 days
While most Zimbabwean companies are struggling to grow, Innscor just added $176 million in revenue in one year. That's more than Dairiboard's entire revenue. Here's the full breakdown of Innscor's Results, including the big lesson for any business leader. Let's Unpack!
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@tmukogo
Tinashe Mukogo
8 hours
I've been using Perplexity's browser for company research, and the built-in AI summaries have been really helpful. If you want to try it, here's my referral link ➡️ https://t.co/8H5sxQibbM. You will get a free month of the Pro version.
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@tmukogo
Tinashe Mukogo
24 hours
Gambling accounts for half of all household spending on recreation, sports and culture in South Africa. 50 times more money is spent on sports betting and other forms of gambling than on buying tickets for sporting events.
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@baba_nyenyedzi
Tinashe
1 day
Friday Drinks and Sahwira Mukuru Marketplace Access the Zimbabwean Diaspora Market. Instantly. The Zimbabwean diaspora is one of the most loyal, high-spending consumer communities in the world and your business can now reach them directly. Through the Friday drinks & Sahwira
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@tmukogo
Tinashe Mukogo
4 days
See this differently Mukoma. Missed the original discussion but to come up with blended inflation you would need to factor in the FX rate. More appropriate approach is comparing revenues with USD inflation of 14% for companies reporting in USD.
@baba_nyenyedzi
Tinashe
12 days
If your business is 90% USD and ZIG 10% then your blended inflation rate to beat is 20%. If USD is 80% then it’s 27%. The majority of company results I have seen are operating below inflation rate. This means the turnover and profit growth we have seen from published results
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@tmukogo
Tinashe Mukogo
4 days
Thanks for reading! I write on the finance & strategy behind the most important companies in Africa and the World. Follow me @tmukogo for more. Please comment on / repost the below tweet! I would love to get your feedback!
@tmukogo
Tinashe Mukogo
4 days
While most Zimbabwean companies are struggling to grow, Innscor just added $176 million in revenue in one year. That's more than Dairiboard's entire revenue. Here's the full breakdown of Innscor's Results, including the big lesson for any business leader. Let's Unpack!
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@tmukogo
Tinashe Mukogo
4 days
So, a few questions to reflect on as we end. - Are you allocating your time, effort, and capital toward the opportunities that have the highest return, or are you withholding resources out of fear of what might happen? - Are you waiting for clarity that will never come to make
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@tmukogo
Tinashe Mukogo
4 days
Where’s the Money? What’s the Move? A common trend among top-performing companies, whether in terms of growth like Innscor or stock returns like First Capital, is that they are capitalising on current opportunities without trying to overengineer the future. As mentioned in an
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@tmukogo
Tinashe Mukogo
4 days
In recent years, the emphasis has shifted to internal investment, resulting in massive growth in capital expenditure (CAPEX). Annual CAPEX rose from $8 million in 2020 to more than $70 million in 2024. Innscor is also not slowing down. As of the year ended June 30, 2025, the
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@tmukogo
Tinashe Mukogo
4 days
Innscor’s Growth: Money Never Sleeps If there is one superpower that Innscor has had, it is exceptional capital allocation. Capital allocation is the distribution, re-distribution, and investment of financial resources to maximise stakeholder profit. In short, it's about
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@tmukogo
Tinashe Mukogo
4 days
One theory I have regarding margin compression in general is around the increased informalization of the Economy. When customers are shopping in less formal retail stores, the aesthetic feel of the place matters less. Pricing becomes the primary consideration. This means that
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@tmukogo
Tinashe Mukogo
4 days
Some of this is by design. Innscor launched The Buffalo Brewing Company in 2021 to compete with Delta Corporation. This business is likely to have been loss-making initially as it builds up. Another reason for the lower margin is the sugar tax introduced in 2024, which Innscor
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@tmukogo
Tinashe Mukogo
4 days
While revenue growth has been excellent, profit has suffered. The below shows Innscor’s Revenue and EBITDA margin, and you can clearly see that it has been dropping from around 15% to 9%. That is $60 million worth of EBITDA.
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@tmukogo
Tinashe Mukogo
4 days
What is driving this growth? We will unpack that later on, but for now, we also need to examine the profit, which came in at $51 million, resulting in a net profit margin of 4.7%, down from 5.3% last year. The EBITDA margin (which can represent operating profit) was also down
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@tmukogo
Tinashe Mukogo
4 days
In addition, in 2021, Innscor's revenue was about $513 million, so they have added $500 million of revenue in less than 5 years. To also put that into perspective, it represents more revenue than Seedco, Edgars, NMB, African Sun, Tanganda, Ariston, and Proplastics COMBINED.
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@tmukogo
Tinashe Mukogo
4 days
Innscor’s Financial Results Innscor posted a solid set of numbers, with the highlight being revenue growth of 19% to reach $1.09 billion. That increase from last year was $176 million. To put that growth into perspective, it represents more revenue than Dairiboard, which holds
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@KuraChihota
Kura Chihota
5 days
#NationalRealEstateDayZW I am so chuffed to share with you a line up of guest speakers from 12 noon on ALL things real estate livestreaming here on X 15 October 2025 from 12 noon. Speakers from @CabsZimbabwe @ZSEHoldings_ZW @lawrim @SeeffGroup and more loading
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@tmukogo
Tinashe Mukogo
5 days
😂
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@tmukogo
Tinashe Mukogo
5 days
Trump’s Tariffs, Metals Keep Rising, Africa's Upside: The Week Ahead These are the most important stories to watch this week. https://t.co/f5Li1cWqYF
Tweet card summary image
moneyandmoves.com
Trump sink stocks, Gold hits new highs, Zimplats vs Caledonia, African Tailwinds
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@tmukogo
Tinashe Mukogo
5 days
This was a good catch. Hopefully will more room to run!
@hmsmotapa
Monomotapa Capital
5 days
@tmukogo Agreed. We opened a position early Q3 and we are up 30%
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