Thermal Plant Revenue Run-rate: $180-200M annually at full utilization
Management expects the 300 MW Mamba Phase 2 thermal plant to generate $180-200 million in annual revenue once fully operational for a full year.
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Solar Project Revenue: $15-60M at full operations
The 100 MW Zambia solar project is expected to contribute $15-60 million annually at full utilization, with payback period of 10-12 years.
Phase 2 Thermal commissioning: H1 FY27
The 300 MW thermal expansion plant in Zambia is targeted for completion in the first half of FY27, with H2 designated for the thermal plant commissioning.
Sugar Complex Completion: April 2028 (mid-2028)
The Kama sugar processing unit/complex is scheduled for completion around April 2028, requiring approximately 2 years of construction.
EBITDA margin trajectory of 35-40%
Management expects consolidated EBITDA margins to be in the 35-40% range for FY27, though dynamic due to upcoming projects and tax holiday expirations.
Mamba solar commissioning in July 2026
The 100MW solar project at Mamba Energy is scheduled to commence commissioning in July 2026.
Mamba thermal phase 2 commissioning in January 2027
The 300MW expansion at Mamba Energy is expected to be commissioned in early January 2027.
Avocado harvest of 1,000 tons next year
Commercial avocado harvest is expected to reach 1,000 tons in FY27, doubling annually until 2034.