Meat Corporation of Namibia has recorded a profit after tax of N$40,5 million for the year ended 31 January 2026, despite a 53% decline in cattle throughput.

This was revealed in its annual financial statements for the financial year ended 31 January 2026, released on Monday.

Following successive years of drought and the continued rebuilding of the country's national cattle herd, livestock available for slaughter declined significantly across the country, which had a direct impact on throughput and revenue throughout the red meat value chain.

According to a media statement, cattle throughput south of the Red Line declined by 53% from 75,268 cattle in the previous financial year to 35,594 cattle during the reporting period.

Consequently, Group revenue also declined from N$1,8 billion to N$1,1 billion.

Despite processing less than half the previous year's slaughter volumes, the entity has remained profitable.

Meatco also generated positive operating cash flows of N$73, 5 million.

It also increased cash reserves from N$86,2 million to N$128,3 million.

At the same time, it also strengthened producers' equity from N$568,3 million to N$701,3 million and reduced accumulated losses by more than N$40 million.

The Deputy Chairperson of Meatco, Stephanie de Klerk, said the board remained encouraged by the progress made in strengthening the corporation's financial resilience while continuing to fulfill the company's national mandate.

Interim Chief Executive Officer Ambassador Albertus Auchamub added that management remains focused on improving operational performance, maintaining market access, enhancing efficiencies, and preparing the corporation for increased throughput as Namibia's national cattle herd continues to recover.

The Board of Directors is expected to present Meatco members and the shareholder with a comprehensive report on its audited financial performance, governance matters, operational achievements, and strategic outlook at the Annual General Meeting scheduled for Friday.