Jane Karuku, CEO & MD EABL
East African Breweries Plc (EABL) has delivered one of its strongest half-year financial performances in recent years, reporting a 38 per cent growth in Profit After Tax for the six months ended December 31, 2025
The brewer announced unaudited results showing Profit After Tax rose to Kshs. 11.2 billion, up from the previous year, driven by strong revenue growth, disciplined cost management, and lower financing costs.
Revenue Growth Driven by Volumes and Pricing Discipline
During the reporting period, EABL’s net revenue increased by 11 per cent to Kshs. 75.5 billion. This growth was supported by an 8 per cent increase in volumes across its markets, reflecting improved consumer demand and effective revenue management strategies.
Group Managing Director and CEO Jane Karuku said the results underscore the resilience of EABL’s business model and brand portfolio despite ongoing consumer pressures. “We delivered one of our strongest half-year performances in recent periods, supported by strong volume growth, margin expansion, and disciplined cost control,” she said.
Macroeconomic Recovery Boosts Business Confidence
The half-year performance came against a backdrop of improving macroeconomic conditions across East Africa. Inflation eased in most markets, interest rates began trending downward, and regional currencies stabilised or strengthened, contributing to better consumer sentiment and business confidence.
However, EABL noted that household disposable incomes remained under pressure, while input costs stayed elevated, underscoring the need for operational agility.
Stronger Balance Sheet and Higher Interim Dividend
EABL also strengthened its balance sheet during the period, reducing total debt by Kshs. 2.3 billion. Reflecting confidence in the Group’s financial position and outlook, the Board of Directors recommended an interim dividend of Kshs. 4.00 per share, subject to withholding tax. This represents a Kshs. 1.50 increase per share compared to the prior year.
Strategic Investments and Positive Outlook
The Group continued to invest in innovation, digital capabilities, commercial execution, and sustainability, reinforcing its long-term growth and resilience.
Karuku said global and regional trends are increasingly favourable. “Consumers are gravitating towards trusted brands, local relevance, and quality experiences, while East Africa’s youthful demographics and accelerating digital adoption continue to unlock new growth opportunities,” she said.
Update on Proposed Asahi Transaction
On December 17, 2025, Diageo announced the sale of its shareholding in EABL to Asahi Group Holdings, Ltd. Subject to regulatory approvals, the transaction is expected to be completed in the second half of 2026. EABL said it remains engaged with stakeholders and confident the deal will strengthen the business and support long-term value creation.