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Victoria Falls Stock Exchange

Last update 30 Sep 2025

African Sun Ltd · ASUN.VF

Zimbabwe · Consumer Cyclicals · Hotels, Motels & Cruise Lines · —

Price history

African Sun Limited is a Zimbabwean hospitality company with a portfolio built around hotels, resorts, conferencing facilities, and tourism-linked accommodation. The group operates and manages properties serving business travel, leisure tourism, domestic travel, meetings, and regional visitors, with exposure to key destinations such as Harare, Bulawayo, Mutare, Kariba, Nyanga, Hwange, and Victoria Falls. Its business combines hotel operations, property interests, centralized support functions, marketing, reservations, and brand management. African Sun's revenue base is driven by room occupancy, average daily rates, food and beverage sales, conferencing demand, tourism arrivals, domestic corporate travel, and the condition of Zimbabwe's hospitality market. The company is sensitive to foreign currency flows, travel sentiment, airline connectivity, maintenance spending, labor costs, energy reliability, and tourism promotion. For investors, African Sun provides listed exposure to Zimbabwean hospitality assets and to the recovery and long-term development of regional tourism, resort infrastructure, and business-travel demand.

Fundamentals

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Metric  (USD, M) 2024 2023 2022 2021 2020
Revenue Total Revenue 54
EBITDA 11
EBIT 7
Net income Net Income -0
Operating margin 12%
Net margin -1%