East African Breweries PLC (EABL) delivered a strong results which were reported during its financial analysis report.The company had managed to post good performance despite the economic challenges posed. The company had delivered the following results:
EABL Results Summary
- The company recorded a net revenue of KES 128B which was a variation of 3.75% as compared to the previous year.
- The company managed to record a gross profit KES 54B which was a 0.8% increase from the previous year.
- Earnings before interest and taxes increased by 1.1% to KES 25B as compared to previous year.
- Profit before income tax increased by 15.15% to KES 19B.
- The company’s profit for the year was valued at KES 12B with an increase of 12.2% as compared to the previous year.
- Comprehensive income for the year was valued at KES 12B with an increase of 84% as compared to 2024 financial analysis.
- Company’s basic earning per share was valued at KES 11.97 an increase of 16.2% compared to the previous years.`
- The total equity was valued at KES 42B an increase of 15.12%.
- The net current assets of the company decreased by 0.92% as compared to the previous year.
During their speech the Group Chairman and the MD AND CEO Ms.Jane Karuku had said that the company had focused on executing their strategy and setting the right foundation for the results produced.She further emphasized on EABL delivering a strong set of results marked by top-line growth and double-digit profit expansion.She proceeded by extending her gratitude to their people, the Board, shareholders, consumers,
customers, suppliers and other partners for their unwavering support and commitment.
The Group Chairman Dr.Martin Oduor Otieno said “Our business continued to demonstrate resilience and strategic focus against a backdrop of mixed microeconomics conditions across the region. While the broader East African economy showed signs of recovery and relative stability, external pressures persisted marked by shrinking disposable income and rising input costs.”
Despite these challenges, EABL delivered a solid performance, anchored on strong strategy execution. Revenue grew 4% to KES 128.8 billion and profit after tax grew 12% to KES 12.2 billion.The EABL Board has declared a final dividend of KES 5.50 per share, bringing the total dividend to KES 8.00 per share, 14.3%above last year.The Board remains committed to guiding the company with a focus on long-term value creation. We remain prudent and optimistic about the growth prospects for our business.”
Also read: EABL’s Profit Rises 124% to KES 15.6 Billion for the Full Year Ended 30 June 2022
