FilingReader Intelligence

Namibia Breweries sees strong profit recovery, announces dividend

March 28, 2025 at 09:00 PM UTCBy FilingReader AI

Namibia Breweries (NBS) announced robust financial results for the year ended December 31, 2024, driven by the successful integration of Distell Namibia and strategic initiatives. Net revenue surged by 101.4% to N$6.825 billion, with operating profit increasing by 112.6% to N$896 million. Headline earnings per share rose by 93.8% to 315.3 cents. The board declared an ordinary dividend of 157 cents per share, payable May 14, 2025. The company regained market share in Namibia through strategic pricing and saw strong performance in South Africa. NBL's financial year-end changed to align with HEINEKEN's reporting cycle, now ending in December. Detailed audited results are available on the company website.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

JSE:NBSJohannesburg Stock Exchange

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