LUSAKA, ZAMBIA | SEPTEMBER 2 2026 — Zambian Breweries Plc delivered a strong first-half performance in 2026, with operating profit increasing by 27% to ZMW413 million, driven by improved productivity, disciplined cost management and strong commercial execution. Net revenue grew 4% to ZMW2.86 billion, while gross profit increased by 31% to ZMW1.54 billion, reflecting the continued resilience of the business and the strength of its portfolio.
Commenting on the results, Thais Cavinatto, Country Director of Zambian Breweries Plc, said:
“We are encouraged by the progress achieved in the first half of the year. Growth in revenue, gross profit and operating profit reflects the strength of our brands, our productivity agenda and the discipline with which we are managing the business. While some demand pressures remain, we are focused on building a stronger and more resilient business for the long term.”
Profit after tax was ZMW106.3 million, compared to ZMW202.3 million in the same period last year, primarily due to higher finance costs and an increased effective tax charge. Net finance costs rose by ZMW51 million following the Group’s balance-sheet restructuring and de-dollarisation programme, aimed at reducing foreign exchange exposure and enhancing long-term financial stability.
Looking ahead, the company remains focused on driving sustainable growth through revenue optimisation, productivity improvements, disciplined capital allocation and strong cash generation. Sustainability continues to be a strategic priority, underpinned by investments in local agriculture value chains, water stewardship initiatives and energy and emissions efficiency programmes.
The company also recognises the importance of a stable and predictable operating environment in supporting long-term investment, business growth and value creation. Effective enforcement against illicit alcohol and a balanced regulatory framework remain important to ensuring fair competition, protecting consumers, safeguarding government revenues and fostering sustainable growth within the formal beverage sector.
“We remain confident in our outlook for the second half of the year. Our focus remains on delivering sustainable growth, strengthening business fundamentals and creating long-term value for our shareholders and stakeholders. Continued collaboration among industry, government and other stakeholders will be important in maintaining an environment that supports investment, formalisation and broad-based economic growth,” said Ms. Cavinatto.
About Zambian Breweries
Zambian Breweries Plc is part of Anheuser-Busch InBev (AB InBev), the largest brewer in the world, with more than 500 beer brands and some 200,000 employees in over 50 countries. It is also one of the world’s largest bottlers of soft drinks.
Zambian Breweries was established in Zambia in 1968 and its product range has grown to include clear beers such as Mosi Premium Lager, Mosi Light, Castle, Carling Black Label, Eagle, Stella Artois, and Budweiser.
