EABL Raises Interim Dividend to Ksh 4 After Posting Ksh 11.2B Profit

The East African Breweries PLC (EABL) has announced a boost for its shareholders, recommending an interim dividend of Ksh 4.00 per share.

This move follows improved financial performance for the half-year ended December 31, 2025, during which the regional brewer posted a profit after tax of Ksh 11.2 billion.

The stronger earnings enabled the board to approve a higher interim payout to shareholders.

“In line with our commitment to delivering shareholder value, the Board of Directors has recommended an interim dividend of Kshs 4.00 per share, subject to withholding tax. This represents an increase of Ksh 1.50 per share over the prior year’s interim dividend,” said EABL Board Chairman Martin Oduor.

EABL Raises Interim Dividend After Posting KSh 11.2B Profit

According to the Board, the dividend will be paid on or around April 30, 2026, to shareholders registered as of the close of business on February 20, 2026.

EABL reported that the Ksh 11.2 billion profit represents a 38% increase from the Ksh 8.1 billion recorded in the same period last year. The growth was supported by an 11% rise in net sales, which reached Ksh 75.5 billion, driven by disciplined strategic execution, strong volume-led growth of 8%, and operational efficiencies.

“During this period, we focused on disciplined execution of the strategy, underpinned by our focus on the consumer. This, coupled with a stable macro-operating environment, resulted in one of our strongest half-year performances in recent periods, a testament to our agility in adapting to dynamic consumer behaviour.

We delivered a strong holistic performance across key metrics on volume, revenue, profit with margin expansion, a strong balance sheet and strong cash generation,” said EABL CEO Jane Karuku.

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Despite a stable economy with lower inflation and steady currencies, consumers are still feeling financial pressure, leading them to buy cheaper products. However, EABL stated that its flexible approach and focus on brand innovation helped it continue to grow in both its spirits and beer categories.

Key Improvements Recorded During the Financial Period

Key financial improvements during the period included:

Reduced Debt: Total debt was slashed by Ksh 2.2 billion, thereby lowering finance costs.
Strong Cash Position: Cash and cash equivalents rose by Ksh 5.5 billion to reach KSh 17.7 billion.
Earnings Per Share: Basic annualised earnings per share jumped to Ksh 23.36, up from KSh 15.30 in the previous year.

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The financial results come amid EABL’s efforts to sell its majority stake to a foreign company. On December 17, 2025, Diageo Plc announced a proposed sale of its shareholding in EABL to Asahi Group Holdings Ltd. Subject to regulatory approvals, this transaction is expected to be finalised within the 2026 calendar year.

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