EABL profit jumps 49pc to Sh18.2bn as sales hit Sh146bn

Damaris Gatwiri

1 hour ago

East African Breweries Limited (EABL) posted a 49 percent increase in net profit for the financial year ended June 30, 2026, driven by strong sales growth, improved cost management and lower financing costs.

The brewer reported a profit after tax of Sh18.2 billion, up from the previous financial year, while revenue grew 13 percent to Sh146 billion, supported by increased sales of beer and spirits across its key markets.

The company also strengthened its financial position by reducing total debt by Sh6.2 billion during the year.

Group Managing Director and Chief Executive Officer Jane Karuku attributed the strong performance to higher sales volumes, disciplined cost management and a healthier balance sheet.

“We delivered one of our strongest performances in recent years, achieving net revenue growth of 13 percent to Sh146 billion,” Karuku said.

“Profit after tax increased by 49 percent to Sh18.2 billion, supported by volume growth, effective cost management and lower financing costs, while total debt reduced by Sh6.2 billion, further strengthening our balance sheet.”

Following the improved financial performance, the Board of Directors recommended a final dividend of Sh8.70 per share, bringing the total dividend for the year to Sh12.70 per share, representing a 59 percent increase compared to the previous financial year.

EABL’s share price also recorded strong gains during the period, rising 43 percent to close at Sh269 as of June 30, 2026.

Karuku said the brewer remains optimistic about its long-term growth prospects, citing its diversified product portfolio, strong brands and continued investment across the region.

“We remain well positioned to deliver sustainable growth through our diversified portfolio, market-leading brands and talented teams. As we continue to invest in our business and our communities, we are confident in our ability to create long-term value for shareholders while contributing positively to the socio-economic development of East Africa,” she said.