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Kasapreko’s net profit soars by 574%, revenue hits GH₵2.7bn

Net profit for Kasapreko has increased by 574%

admin by admin
May 26, 2025
in Business
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Kasapreko’s net profit soars by 574%

Kasapreko’s net profit soars

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Kasapreko PLC, one of Ghana’s most iconic beverage manufacturers, has reaffirmed its commitment to transparency, investor confidence, and financial discipline at the Ghana Stock Exchange’s “Facts Behind the Figures” forum held on Friday, May 23, 2025.

The event marked a pivotal moment in the company’s journey through the capital markets, with Kasapreko showcasing its record-breaking achievements and mapping out its ambitious growth trajectory.

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A bold capital market entry

At the heart of Kasapreko’s presentation was its landmark GH₵350 million corporate bond issuance in 2024 — the largest ever by a locally-owned company in Ghana’s history.

The bond not only raised capital for expansion but also signaled a significant shift in the company’s financial strategy.

Richard Adjei, Chief Executive Officer (CEO) of Kasapreko, described the move as transformative.

“Our entry into the debt capital market was more than a financing move; it was a bold statement,” Adjei declared.

“We embraced accountability, demonstrated strong governance, and proved that a homegrown Ghanaian brand can excel under public scrutiny while delivering value to investors.”

Financial results reflect operational strength

Kasapreko’s financial results for the 2024 fiscal year have been nothing short of stellar.

The company posted a 45% increase in revenue, reaching GH₵2.7 billion — a growth attributed to surging domestic demand and robust export performance.

Even more striking was a 574% jump in net profit, underscoring disciplined cost management and operational efficiency.
This strong momentum has continued into 2025. In the first quarter alone, revenue surged by 52%, while profit after tax soared 184%, reflecting continued volume growth and sound financial controls.

Investor confidence continues to build

Investor response to Kasapreko’s performance and strategic direction has been overwhelmingly positive.
The company secured more favourable pricing on its second bond tranche, a development widely seen as a vote of confidence from the market.
“Such pricing improvements indicate trust not only in our financial fundamentals but also in our long-term strategy,” said Adjei.
“We are proud to be setting new standards for what indigenous Ghanaian companies can achieve.”
Kasapreko also highlighted its continued efforts to reduce interest-bearing liabilities and strengthen working capital management, pointing to a strategy grounded in prudent financial practices.

From national icon to regional force

Beyond the numbers, Kasapreko has been steadily expanding its reach.
The company now boasts a distribution presence in all 16 regions of Ghana and exports to 14 African countries, further solidifying its status as a regional beverage powerhouse.
Its distribution network expanded by 13% over the past year, enhancing the company’s logistical capacity and deepening its market penetration.
These expansions have been instrumental in maintaining the momentum behind its flagship products such as Alomo Bitters, which continues to enjoy strong demand across multiple markets.

Legacy of innovation and growth

Founded in 1989, Kasapreko PLC has evolved from a modest local beverage outfit into a multinational brand with a diverse portfolio of alcoholic and non-alcoholic drinks.
Today, the company stands as a symbol of Ghanaian entrepreneurial resilience, innovation, and global ambition.
Looking ahead, Kasapreko says it remains focused on sustainable growth, value creation for investors, and operational excellence.
“Our journey has just begun,” Adjei told investors. “We will continue to chart a path of transparency, innovation, and African excellence — a path that benefits shareholders, consumers, and the wider Ghanaian economy.”
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