East African Breweries Plc (EABL) says it posted robust half-year financial results, rewarding shareholders with an interim dividend of Kshs 2.50 per share.
Despite a challenging macroeconomic environment, EABL achieved a 20% increase in Profit After Tax, reaching Kshs 8.1 billion, driven by reduced interest costs and favourable foreign exchange gains.
Net revenue for the six months ending December 31, 2024, reached Kshs 67.9 billion, reflecting a 2% increase compared to the same period last year.
This growth was supported by a 1% volume increase, underpinned by continuous investments in innovative product offerings, impactful marketing campaigns, and enhanced route-to-market efficiencies.
“Our strong performance this half underscores the resilience of our business and the agility of our teams,” said Jane Karuku, Group Managing Director and CEO of EABL. “We have navigated challenges effectively while staying true to our long-term strategy of delivering sustainable growth.”
EABL continued to prioritize innovation and sustainability. Key highlights include the launch of new products such as Snapp Dry Cider, Baileys Strawberries and Cream, and Casamigos Tequila, catering to evolving consumer preferences.
Furthermore, the company advanced sustainability initiatives like Project Rudisha, its spirits bottle reuse program, and enhanced water efficiency through the use of Biomass Steam Plants.
