The mid-tier mining and materials company on Thursday said higher diesel costs have emerged as a major concern across its operations, with the group consuming about 27 million litres of diesel during the financial year.
Afrimat has warned that rising energy prices linked to the war in Iran could place fresh pressure on its operations, even as the diversified mining group reported stronger earnings and revenue growth for the year ended February 2026.
The mid-tier mining and materials company on Thursday said higher diesel costs have emerged as a major concern across its operations, with the group consuming about 27 million litres of diesel during the financial year.
Afrimat said post year-end fuel price increases, driven partly by geopolitical tensions in the Middle East, had already started affecting the business and some of the costs had been passed on to customers.
“Despite headway on margins across the Group, Afrimat is mindful of the potential impact of higher energy prices resulting from the war in Iran,” the company said in its audited annual financial results.
