CHAMWE KAIRA
Agra Limited has appointed Simonis Storm Securities as its new sponsor for its over-the-counter listing on the Namibia Securities Exchange (NSX), ending its long-standing relationship with PSG Wealth Management Namibia.
The agricultural company announced on Wednesday that the appointment took effect from 1 June 2026, in accordance with NSX Listings Requirements.
As part of the change, Simonis Storm Securities, based in Windhoek, will assume responsibility for overseeing Agra’s compliance with the exchange’s regulatory and listing requirements relating to its over-the-counter market activities.
Agra’s Board of Directors thanked PSG Wealth Management Namibia for its support and services during its tenure as the company’s sponsor.
The sponsor rotation forms part of the regulatory framework governing companies listed on the Namibia Securities Exchange and ensures continued compliance with the exchange’s listing requirements.
Agra Limited reported a 40.5% increase in profit after tax to N$62.1 million for the six months ended 31 January 2026.
Revenue rose by 4.4% to N$1.593 billion from N$1.526 billion in the same period last year. Gross profit increased by 10.7% to N$312.4 million.
Operating profit rose to N$86.2 million from N$60.7 million. Earnings per share increased to 121.47 cents from 86.46 cents. Net asset value per share rose to N$8.23 from N$7.16.
Agra said the results were driven by improved operations, recovery of bad debts and cost control.
“Results can be attributable to enhanced operational performance, bad debt recoveries, and disciplined cost management,” the company said.
During the period, the livestock sector faced disease outbreaks.
More than 1 500 cases of lumpy skin disease were recorded. Foot-and-mouth disease in South Africa, Botswana and Zimbabwe increased the risk of cross-border spread.
Agra said Namibia’s foot-and-mouth disease-free status remains important for access to export markets.
The company said any loss of this status would affect livestock and red meat exports.
Agra has increased biosecurity at auction sites. Measures include disinfection and tighter control of animal movement.
The company said it will continue to focus on operations, capital use and maintaining its position in the market.
