East African Breweries PLC (EABL) has reported a solid full-year performance for the year ended June 30, 2025, posting a 12% jump in profit after tax to Kshs 12.2 billion, despite tough market conditions.
The group’s net revenue rose by 4% to Kshs 128.8 billion, driven by a 2% growth in volumes across both beer and spirits portfolios.
In light of the performance, the Board recommended a final dividend of Kshs 5.50 per share, bringing the total dividend for the year to Kshs 8.00—up 14.3% from the previous year.
The dividend will be paid on or around October 28, 2025, to shareholders on record as of September 16, 2025.
“EABL delivered a strong set of results marked by topline growth and double-digit profit expansion,” said Ms. Jane Karuku, Group MD & CEO.
“All our markets recorded growth, fortifying our business position across the region,” she added,
Regional headwinds and resilience
The macroeconomic environment across East Africa presented mixed signals during the year.
Kenya saw the shilling recover and interest rates decline, while Uganda remained broadly stable. However, Tanzania faced currency depreciation and stable interest rates.
Across the region, EABL battled challenges including inflation in input costs, declining disposable incomes, and the rise of illicit alcohol.
Nonetheless, EABL managed to improve foreign exchange positions and reduce its total debt by Kshs 8.3 billion, which contributed to lower finance costs (down from Kshs 8.1 billion to Kshs 5.9 billion). This helped offset one-off costs incurred during the period.
“We remained focused on executing our strategy, setting the right foundation for the results achieved and for sustainable long-term growth,” added Karuku. “We continue to invest in our brands to keep them relevant and broaden our portfolio to suit more consumer occasions.”
Financial snapshot
Net revenue: Kshs 128.8 billion (↑ 4% YoY)
Profit after tax: Kshs 12.2 billion (↑ 12%)
Earnings before interest and taxes: Kshs 25.2 billion (↑ 1%)
Uganda to host WFP Global Fleet Hub, establish unique humanitarian platesCash and cash equivalents: Kshs 12.7 billion (↑ Kshs 1.9 billion YoY)
Total debt: Reduced from Kshs 49.7 billion to Kshs 42.3 billion
Dividend per share: Kshs 8.00 (↑ from Kshs 7.00)
Despite a marginal increase in gross profit (to Kshs 54.1 billion), operating costs climbed by 18% to Kshs 29.2 billion, reflecting inflationary pressure and strategic investments.
However, the group made a strong rebound on foreign exchange positions, swinging from a Kshs 3.9 billion loss in FY2024 to a Kshs 313 million gain this year.
EABL also made significant progress on its Environmental, Social and Governance (ESG) goals, while championing a people-first culture and increasing investment in innovation and productivity.
Group Chairman Dr. Martin Oduor-Otieno noted the firm’s resilience, stating:
“Our business continued to demonstrate strategic focus against a backdrop of mixed macroeconomic conditions… We remain prudent and optimistic about the growth prospects for our business.”
EABL’s total equity improved to Kshs 42.3 billion, up from Kshs 36.7 billion in FY2024, aided by increased retained earnings and stronger performance by non-controlling interests.
Looking ahead
With a strong cash position, moderated borrowing, and continued investment in brand strength and market relevance, EABL says it is well-positioned to sustain growth.
“We remain focused on executing our strategy with discipline to continue building on the underlying growth momentum and deliver long-term sustainable growth,” the company said in a statement.
As one of East Africa’s leading listed companies and a benchmark for corporate resilience, EABL’s FY2025 results reaffirm its ability to navigate volatility, deliver value to shareholders, and reinforce its market leadership in the alcoholic beverages sector.
