Nairobi, Aug. 6 -- East African Breweries Limited (EABL) has increased its total dividend by 59 percent to Sh12.70 per share after the brewer posted a record Sh18.2 billion net profit for the financial year ended June 2026.

The company said in an investor briefing that the profitability was boosted by strong demand for mainstream spirits, growth across all its East African markets and sharply lower financing costs.

The company paid shareholders a total dividend of Sh8.00 per share for the financial year ended June 2024 after reporting a net profit of about Sh12.2 billion.

The strong performance comes at a time when the brewer is in the middle of a change of ownership after British drinks giant Diageo Plc agreed to sell its controlling ...