East African Breweries (EABL) has realized a 20 per cent increase in its profit after tax to reach Sh8.1 billion in its half-year financial results for period ending December 31, 2024.

The unaudited results for EABL, East Africa's leading total beverage alcohol business, show that the company’s profit grew despite the challenging operating environment experienced.

Similarly, in the reviewed period, the brewer posted Sh67.9 billion in net revenue, reflecting a 2 per cent growth compared to the same period in 2023 and a 1 per cent volume growth.

EABL said the promising show was backed by reduced interest costs as the brewer reduced its debt by Sh5 billion and made foreign currency benefits from a stronger Kenya shilling.

The half-year results credited the firms improved business to the significant easing inflation, currency appreciation in Kenya and Uganda, and lowering of interest rates in the region.

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EABL Group MD and CEO Jane Karuku said they will continue investing in product innovation, marketing campaigns and route-to-market efficiencies to sustain the growth momentum.

“We have remained steadfast in controlling what we can and navigating challenges effectively,” stated Karuku.

She added: “This has allowed us to stay on course with our long-term strategy of delivering sustainable growth.”

In that regard, the EABL Board has recommended an interim dividend of Sh2.50.