East African Breweries Plc (EABL) has announced its third consecutive annual dividend increase, following a standout fiscal year in which net profit rose by 12.2 per cent to Sh12.19 billion for the trading period ended June 30, 2025.
The firm declared a total dividend of Ksh8 per share, reaffirming its reputation as one of Nairobi Securities Exchange’s most consistent dividend payers.
The brewer achieved the growth despite headwinds arising from tightening consumer spending amid high inflation, currency volatility, and evolving tax policies across its regional markets.
Revenue climbed to Ksh128.8 billion, with volume rising by about two per cent, supported by steady gains in beer and spirits sales in Kenya, Uganda, and Tanzania. Kenya saw 9 per cent growth, Uganda and Tanzania posted 6 per cent and 9 per cent, respectively.
The favorable performance was underpinned by disciplined cost management. Finance costs declined by 28 per cent to Ksh5.9 billion as EABL reduced its debt load by Ksh8.3 billion.
Additionally, improved foreign exchange movements generated a net forex gain of approximately Ksh313 million, reversing a Sh3.9 billion loss in the previous year.
EABL’s Group Managing Director and CEO, Jane Karuku, attributed the strong bottom‑line performance to the company’s sharpened commercial execution, inflation mitigation strategies, and brand investment.
She said the brewer remained focused on innovations that meet consumer preferences, digital engagement, and leveraging its premium portfolio to support growth.
Martin Odour‑Otieno, the chairman of EABL’s board, urged caution amid proposed national alcohol policies that could impose further restrictions on sales in supermarkets, petrol stations, and dining outlets. He emphasized the need for regulatory frameworks that balance public health objectives with investor confidence and sector growth.
With a dividend of Ksh8 per share comprising an interim portion declared earlier and a final dividend recommendation the brewer continues to deliver shareholder value. This follows a total dividend of Ksh7 per share declared for the year ended June 2024 (a 27 per cent increase over the prior year).
EABL’s cash reserves rose to Ksh12.7 billion, while liquidity enhancements and continued deleveraging have sharpened its financial resilience.
The company now boasts lower interest expenses, enhanced capital flexibility and improved ability to withstand macroeconomic shocks.
Market analysts have welcomed the results, noting that although consumer discretionary spending remains under pressure, EABL’s strong brand equity, operational discipline, and regional diversification helped it outperform peers. The consistent growth in profits and dividend payouts point to a well‑executed strategy amid a challenging business environment.
In summary, East African Breweries Plc closed its fiscal year with Ksh12.19 billion in net profit, a 12.2 per cent increase, and rewarded investors with an eighth straight year of dividendgrowth.
The company appears well positioned to sustain momentum through continued brand investment, prudent financial management, and steady expansion across East African markets.
Written By Ian Maleve
