Chamwe Kaira
Namibia Breweries Limited (NBL) anticipates its operating profit for the twelve months ended 31 December 2025 is expected to decline by 10% to 15%.
NBL said the comparison is affected by its change in financial year-end in March 2024, which resulted in an eighteen-month reporting period for 2024. It said the prior period is not directly comparable.
On a like-for-like twelve-month basis, the group reported operating profit growth of between 35% and 45%, reflecting performance after its merger.
Headline earnings per share and basic earnings per share are expected to decrease by less than 5%.
NBL said the trading statement has not been reviewed or reported on by its external auditors and advised caution when dealing in its shares.
NBL said its reviewed financial results will be released on the Namibia Exchange News Service on or around 27 March 2026, with publication in the press expected on or about 30 March 2026.
In its interim results for the period ended 30 June 2025, the company reported that net revenue increased by 9.7% to N$2.1 billion, driven by volume growth, price increases and local production.
Gross profit margins improved due to reduced discounts, gains from locally packaged wine and cider and cost control.
Operating expenses rose by 3.5% to N$1.8 billion due to investment in brands and the rollout of an enterprise resource planning system from March 2025.
Operating profit increased by 79% to N$279 million, supported by cash flow.
Capital expenditure declined to N$102 million after higher spending in the previous period.
The company said it improved working capital management by focusing on stock levels, receivables and payment terms.
