African packaging manufacturer Nampak has reported further progress in its financial recovery programme, with lower debt levels, reduced finance costs and improved earnings during the six months ended 31 March 2026.
The company recorded normalised headline earnings of R346 million, an increase of 9% compared with the corresponding period last year. Net debt declined by 30% to R2.2 billion, while net finance costs fell by 33%, reflecting the impact of ongoing debt reduction initiatives and improved cash management.
Group revenue for the period was R5.6 billion, marginally lower than the previous year. Despite softer revenue, Nampak maintained profitability through operational improvements, cost controls and continued focus on efficiency across its manufacturing network.
The beverage packaging business remained a key contributor to group performance, supported by strong trading conditions in Angola. The company also highlighted progress in strengthening its capital structure following a series of restructuring measures undertaken over the past few years.
Nampak said it continues to focus on operational excellence, cash generation and disciplined capital allocation as part of its long-term strategy. The company has been working to simplify its portfolio, improve plant productivity and strengthen its position in selected African packaging markets.
The interim results suggest that the group’s turnaround efforts are continuing to gain traction, with lower financing costs and a stronger balance sheet providing greater financial flexibility. Management indicated that maintaining momentum in operational performance and debt reduction will remain priorities during the second half of the financial year.
Nampak is one of Africa’s largest packaging producers, supplying metal, plastic and paper packaging solutions to customers across the food, beverage, personal care and industrial sectors.