EABL posts 49pc profit growth to Ksh18.2 billion as revenue hits Ksh146 billion
EABL-Financial-Results-Announcement-2026.
East African Breweries PLC (EABL) has reported a strong financial performance for the year ended June 30, 2026, with profit after tax rising 49 per cent to Ksh18.2 billion on the back of higher revenues, improved productivity and reduced financing costs.
The brewer’s net revenue grew by 13 per cent year-on-year to Ksh146 billion, reflecting strong momentum across its beer and spirits businesses despite continued pressure on consumer affordability and the wider operating environment.
EABL said the East African macroeconomic environment remained broadly stable during the financial year, with relatively steady currencies, contained inflation and a favourable interest-rate environment supporting business operations.
Profitability strengthens
Commenting on the results, EABL Group Managing Director and CEO Jane Karuku said the company had delivered one of its strongest performances in recent years.
“We delivered one of our strongest performances in recent years, achieving net revenue growth of 13 per cent to Kshs. 146 billion,” Karuku said.
She attributed the growth in profitability to increased volumes, effective cost management and lower financing costs.
The company also reduced its total debt by Ksh6.2 billion during the year, strengthening its balance sheet and reducing pressure from financing expenses.
The improved financial performance was also reflected in EABL’s share price, which rose 43 per cent to close at Ksh269 as of June 30, 2026.
Shareholders set for higher returns
The company’s board has recommended a final dividend of Ksh8.70 per share, subject to withholding tax.
The proposed payout brings the total dividend for the financial year to Ksh12.70 per share, representing a 59 per cent increase compared with the previous financial year.
EABL said the increased dividend reflects the stronger performance of the business and its commitment to delivering value to shareholders.
EABL warns on illicit alcohol
Despite the positive results, EABL raised concern over the growing consumption of illicit alcohol across the region.
The company said the issue requires continued collaboration between governments, regulators and industry players to promote sustainable growth, protect consumers and strengthen efforts against illicit alcohol.
Looking ahead, EABL said it remained optimistic about growth opportunities across East Africa, although consumer affordability pressures and fiscal challenges persist.
“We remain well positioned to deliver sustainable growth through our diversified portfolio, market-leading brands and talented teams,” Karuku said.
EABL operates mainly in Kenya, Uganda and Tanzania, with its products sold in more than 10 countries across Africa and beyond. Its portfolio includes brands such as Tusker, Guinness, Bell Lager, Serengeti, Kenya Cane, Chrome, Johnnie Walker, Captain Morgan and Smirnoff.
