Upcoming Dividend • Feb 17
Upcoming dividend of KSh4.00 per share Eligible shareholders must have bought the stock before 23 February 2026. Payment date: 30 April 2026. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Ugandan dividend payers (9.2%). Higher than average of industry peers (0.1%). Reported Earnings • Feb 04
First half 2026 earnings released First half 2026 results: Revenue: KSh75.5b (up 11% from 1H 2025). Net income: KSh11.2b (up 38% from 1H 2025). Profit margin: 15% (up from 12% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Beverage industry in Africa. Declared Dividend • Feb 01
Final dividend of KSh4.00 announced Shareholders will receive a dividend of KSh4.00. Ex-date: 23rd February 2026 Payment date: 30th April 2026 Dividend yield will be 3.8%, which is lower than the industry average of 11%. Payout Ratios Payout ratio: 67%. Cash payout ratio: 43%. Reported Earnings • Sep 11
Full year 2025 earnings released: EPS: KSh11.97 (vs KSh10.30 in FY 2024) Full year 2025 results: EPS: KSh11.97 (up from KSh10.30 in FY 2024). Revenue: KSh128.8b (up 3.8% from FY 2024). Net income: KSh9.47b (up 16% from FY 2024). Profit margin: 7.3% (up from 6.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 93% decline forecast for the Beverage industry in Africa. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Sep 10
Upcoming dividend of KSh5.50 per share Eligible shareholders must have bought the stock before 17 September 2025. Payment date: 28 October 2025. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Ugandan dividend payers (9.8%). Higher than average of industry peers (0.2%). Announcement • Aug 20
East African Breweries PLC, Annual General Meeting, Sep 11, 2025 East African Breweries PLC, Annual General Meeting, Sep 11, 2025, at 11:00 E. Africa Standard Time. Announcement • Aug 08
East African Breweries plc Appoints Hina Nagarajan as A Director to the Board, Effective August 4, 2025 BP p.l.c. announced that Hina Nagarajan, non-executive director of the Company, has been appointed as a director to the board of East African Breweries PLC, effective 4 August 2025. Declared Dividend • Aug 02
Final dividend of KSh5.50 announced Shareholders will receive a dividend of KSh5.50. Ex-date: 17th September 2025 Payment date: 28th October 2025 Dividend yield will be 1.9%, which is lower than the industry average of 11%. Payout Ratios Payout ratio: 68%. Cash payout ratio: 39%. Reported Earnings • Aug 01
Full year 2025 earnings released: EPS: KSh47.88 (vs KSh10.30 in FY 2024) Full year 2025 results: EPS: KSh47.88 (up from KSh10.30 in FY 2024). Revenue: KSh515.2b (up 315% from FY 2024). Net income: KSh48.8b (up 499% from FY 2024). Profit margin: 9.5% (up from 6.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue is expected to fall by 69% p.a. on average during the next 2 years compared to a 93% decline forecast for the Beverage industry in Africa. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • May 23
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non-Executive Director Felix Okoboi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Feb 18
Upcoming dividend of KSh2.50 per share Eligible shareholders must have bought the stock before 24 February 2025. Payment date: 30 April 2025. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Ugandan dividend payers (13%). Lower than average of industry peers (5.5%). Reported Earnings • Feb 04
First half 2025 earnings released First half 2025 results: Revenue: KSh67.9b (up 2.1% from 1H 2024). Net income: KSh8.11b (up 20% from 1H 2024). Profit margin: 12% (up from 10% in 1H 2024). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Beverage industry in Africa. Declared Dividend • Feb 03
First half dividend of KSh2.50 announced Shareholders will receive a dividend of KSh2.50. Ex-date: 24th February 2025 Payment date: 30th April 2025 Dividend yield will be 4.3%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 2.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 85% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Oct 22
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non-Executive Director Felix Okoboi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 10
Upcoming dividend of KSh6.00 per share Eligible shareholders must have bought the stock before 17 September 2024. Payment date: 16 October 2024. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Ugandan dividend payers (13%). Lower than average of industry peers (6.1%). Announcement • Aug 21
East African Breweries PLC, Annual General Meeting, Sep 12, 2024 East African Breweries PLC, Annual General Meeting, Sep 12, 2024, at 11:00 E. Africa Standard Time. Location: hybrid meeting, safari park hotel, along thika road, exit 7, Kenya Declared Dividend • Aug 02
First half dividend of KSh6.00 announced Shareholders will receive a dividend of KSh6.00. Ex-date: 17th September 2024 Payment date: 16th October 2024 Dividend yield will be 0.8%, which is lower than the industry average of 11%. Payout Ratios Payout ratio: 44%. Cash payout ratio: 17%. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non-Executive Director Felix Okoboi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Feb 12
Upcoming dividend of KSh1.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 19 February 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Ugandan dividend payers (13%). Higher than average of industry peers (0.5%). Declared Dividend • Jan 31
First half dividend of KSh1.00 announced Shareholders will receive a dividend of KSh1.00. Ex-date: 19th February 2024 Payment date: 26th April 2024 Dividend yield will be 1.1%, which is lower than the industry average of 11%. Payout Ratios Payout ratio: 44%. Cash payout ratio: 17%. New Risk • Jan 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.7% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (113% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.7% net profit margin). Upcoming Dividend • Sep 08
Upcoming dividend of KSh1.75 per share at 4.2% yield Eligible shareholders must have bought the stock before 15 September 2023. Payment date: 27 October 2023. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Ugandan dividend payers (13%). Higher than average of industry peers (3.8%). New Risk • Aug 04
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 04
Full year 2023 earnings released: EPS: KSh12.47 (vs KSh15.00 in FY 2022) Full year 2023 results: EPS: KSh12.47 (down from KSh15.00 in FY 2022). Revenue: KSh109.6b (flat on FY 2022). Net income: KSh9.86b (down 17% from FY 2022). Profit margin: 9.0% (down from 11% in FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Beverage industry in Africa. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Jul 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (158% net debt to equity). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Dividend is not well covered by cash flows (98% cash payout ratio). Upcoming Dividend • Feb 10
Upcoming dividend of KSh3.75 per share at 8.1% yield Eligible shareholders must have bought the stock before 17 February 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 8.1%. Lower than top quartile of Ugandan dividend payers (10.0%). Higher than average of industry peers (4.8%). Reported Earnings • Jan 28
First half 2023 earnings released: EPS: KSh17.26 (vs KSh8.45 in 1H 2022) First half 2023 results: EPS: KSh17.26. Revenue: KSh57.3b (up 4.3% from 1H 2022). Net income: KSh8.70b (flat on 1H 2022). Profit margin: 15% (in line with 1H 2022). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Beverage industry in Africa. Upcoming Dividend • Sep 09
Upcoming dividend of KSh7.25 per share Eligible shareholders must have bought the stock before 16 September 2022. Payment date: 30 October 2022. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 9.5%. Lower than top quartile of Ugandan dividend payers (11%). Higher than average of industry peers (4.7%). Reported Earnings • Sep 08
Full year 2022 earnings released: EPS: KSh15.00 (vs KSh5.51 in FY 2021) Full year 2022 results: EPS: KSh15.00 (up from KSh5.51 in FY 2021). Revenue: KSh109.4b (up 27% from FY 2021). Net income: KSh11.9b (up 172% from FY 2021). Profit margin: 11% (up from 5.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Beverage industry in Africa. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Jul 31
High number of new directors Executive Director Dayalan Nayager was the last director to join the board, commencing their role in 2021. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Dayalan Nayager was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Feb 22
Upcoming dividend of KSh3.75 per share Eligible shareholders must have bought the stock before 01 March 2022. Payment date: 27 April 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Ugandan dividend payers (7.1%). Higher than average of industry peers (3.0%). Board Change • Sep 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Dayalan Nayager was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ory Okolloh was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 13
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ory Okolloh was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 11
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ory Okolloh was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 10
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ory Okolloh was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 07
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ory Okolloh was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Sep 07
Managing Director of Uganda Breweries Limited Alvin Mbugua has left the company On the 1st of September, Alvin Mbugua's tenure as Managing Director of Uganda Breweries Limited ended after 2.2 years in the role. We don't have any record of a personal shareholding under Alvin's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.54 years, which is considered inexperienced in the Simply Wall St Risk Model. Board Change • Sep 06
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ory Okolloh was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ory Okolloh was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 31
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ory Okolloh was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 28
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ory Okolloh was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 02
Full year 2021 earnings released: EPS KSh5.51 (vs KSh5.17 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: KSh86.0b (up 15% from FY 2020). Net income: KSh6.96b (up 70% from FY 2020). Profit margin: 8.1% (up from 5.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings.