Listed Cigarette manufacturer British American Tobacco (BAT) Kenya posted a 17.2% rise in after-tax profit to KES 5.25 billion for the year ended December 31, 2025, despite subdued gross revenue.
Gross sales declined by 12.5% to KES 36 billion, mainly due to increased illicit trade in the domestic market. Illicit trade accounted for 45% of the domestic share, up from 37% in 2024. However, revenue was supported by stable export sales and the resumption of nicotine pouch sales in the second half of the year.
Operating costs shrank 14.6% to KES 15.7 billion, reflecting the firm’s effective cost management, while operating profit rose 2.3% to KES 7.5 billion. Finance income stood at KES 196 million, compared to a KES 829 million loss in the prior year, driven by the stability of the Kenyan Shilling against the US Dollar and prudent cash management during the period.
BAT Kenya’s Final Dividend
BAT Kenya’s Board of Directors proposed a final dividend of KES 60 per share, subject to shareholders’ approval. Combined with the KES 10 interim dividend per share paid earlier, the total dividend amounts to KES 70 per share, up 40% from KES 50 per share paid in FY2024. The final dividend is the highest ever declared by the company.
The dividend will be paid on or about June 12, 2026, to shareholders on the register at the close of business on May 8, 2026.
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