EABL net profit jumps 49pc to Sh18.2bn on strong sales, lower costs

EABL net profit jumps 49pc to Sh18.2bn on strong sales, lower costs
EABL Group Managing Director and CEO Jane Karuku/COURTESY

NAIROBI, Kenya, Aug 6 – East African Breweries Limited (EABL) posted a 49 percent rise in net profit to Sh18.2 billion for the financial year ended June 30, 2026, driven by strong sales growth, effective cost management and lower financing costs.

The brewer’s revenue grew 13 percent to Sh146 billion, supported by higher beer and spirits sales across its markets, while total debt fell by Sh6.2 billion, strengthening its balance sheet.

“We delivered one of our strongest performances in recent years, achieving net revenue growth of 13% to Kshs.146 billion,” Group Managing Director and CEO Jane Karuku said.

“Profit After Tax increased by 49% to Kshs.18.2 billion, supported by volume growth, effective cost management, and lower financing costs, while total debt reduced by Kshs.6.2 billion, further strengthening our balance sheet.”

Following the strong performance, the Board recommended a final dividend of Sh8.70 per share, bringing the total dividend for the year to Sh12.70 per share, a 59 percent increase from the previous financial year. EABL’s share price also rose 43 percent to close at Sh269 as of June 30, 2026.

“We remain well positioned to deliver sustainable growth through our diversified portfolio, market-leading brands and talented teams. As we continue to invest in our business and our communities, we are confident in our ability to create long-term value for shareholders while contributing positively to the socio-economic development of East Africa,” Karuku said.