British American Tobacco Kenya (BAT Kenya) has posted robust results for the first half of 2025, demonstrating resilience in the face of macroeconomic turbulence. Despite inflationary pressures, subdued consumer demand, and a weakening Kenyan shilling against the US dollar, the company delivered solid growth across key profitability metrics.
BAT Kenya’s strategic focus on cost control, operational efficiency, and product quality helped offset the impact of rising input costs and currency volatility. The company also maintained pricing discipline, ensuring affordability while protecting margins.
BAT Kenya Financial Highlights
| Metric | H1 2025 | YoY Change |
|---|---|---|
| Gross Revenue | KES 18.5 billion | ↓ 5.9% |
| Net Revenue | KES 11.7 billion | ↑ 0.1% |
| Operating Profit | KES 4.2 billion | ↑ 12% |
| Profit Before Tax | KES 4.3 billion | ↑ 41.6% |
| Profit After Tax | KES 2.9 billion | ↑ 39.7% |
| EPS (Basic & Diluted) | KES 29.00 | ↑ 39.7% |
The board declared an interim dividend of KES 1.50 per share, payable on 28th October 2025, reflecting confidence in the company’s cash flow and earnings trajectory.
Strategic Focus and Market Position
In June 2025, BAT Kenya made deliberate pricing decisions to keep select products affordable, balancing consumer needs with profitability. The company emphasized its commitment to regulatory compliance and consumer safety, while continuing to invest in innovation—particularly in modern oral nicotine products and feminine care lines.
BAT Kenya’s performance stands out in a market where many firms are struggling to maintain margins. Its ability to grow net revenue and profitability despite a decline in gross revenue highlights the effectiveness of its internal efficiencies and product mix optimization.
BAT Kenya remains one of the top five companies by market turnover at the Nairobi Securities Exchange (NSE), alongside KCB, Safaricom, Equity Bank, and Standard Chartered Bank. Its strong showing contributed to the overall bullish sentiment at the bourse among our analysts, with the NSE All Share Index rising 1.46% week-on-week.
Also Read: NSE Weekly Market Review – Week 30.
