The East African Breweries Ltd (EABL) has posted a 38 per cent rise in profit after tax of Sh11.2 billion in the last six months of 2025 that ended December 2025.
The company reported that the growth was driven by higher sales volumes, improved pricing, and lower borrowing costs, allowing the brewer to strengthen its balance sheet and declare a higher interim dividend.
The net revenue rose by 11 per cent to Sh5.5 billion, supported by an 8 per cent increase in sales volumes, improved pricing, and reduced financing costs.
“In this current ecosystem this is a solid set of results, 8 per cent volume growth with great gearing at 11 per cent net sales and even a stronger gearing to profit after tax at 38 per cent,” EABL Group MD & CEO Jane Karuku stated.
“We have grown beer by nine per cent and spirits by 16 per cent and across the countries Jane has shown you, at a reported level Kenya is growing at 2 per cent, Uganda 13 per cent and Tanzania at 44 per cent,” Risper Genga Ohaga, Group Chief Financial Officer & Executive Director, EABL added.
The company says the performance reflects a gradual economic recovery across East Africa, with easing inflation, falling interest rates, and relatively stable currencies.
However, it cautioned that household spending remains constrained and input costs are still elevated. EABL also reported a stronger balance sheet after reducing total debt by Ksh.2.3 billion, helped by lower borrowing costs and tighter cost controls.
“Another line we are really proud of is the work we have done on our finance costs. This has been a pain point for a few years given the level of debt coming out of Covid as well as the rising interest rate regime,” Genga added.
The EABL board has proposed an interim dividend of Sh4 per share.
Meanwhile, the brewer has confirmed that the proposed sale of Diageo’s shareholding to Asahi Group Holdings remains on track, pending regulatory approvals, with completion expected in the second half of 2026.
