Kasapreko PLC recorded stronger earnings for the six months ended June 30, 2026, as improved operating performance and lower finance costs helped profit grow faster than revenue.

The beverage manufacturer reported a profit after tax of GH¢185.83 million, representing a 23.3% increase from GH¢150.72 million in the first half of 2025.

Revenue reaches GH¢1.79 billion

Kasapreko’s revenue increased by 6.2% to GH¢1.79 billion, from GH¢1.68 billion a year earlier.

Cost of sales rose to GH¢1.26 billion, compared with GH¢1.19 billion, leaving the company with a gross profit of GH¢528.81 million, up from GH¢497.04 million.

The gross profit margin remained relatively stable at approximately 29.6%.

General, selling and administrative expenses increased by 20.2% to GH¢255.08 million, from GH¢212.12 million. Net impairment losses on financial assets stood at GH¢7.28 million, compared with GH¢7.10 million.

However, Kasapreko recorded GH¢42.52 million in other operating income, compared with an operating expense of GH¢35.38 million in the same period of 2025.

This helped operating profit rise by 27.4% to GH¢308.98 million, from GH¢242.44 million. The company’s operating margin improved from approximately 14.4% to 17.3%.

Lower finance costs boost profit

Finance costs declined by approximately 24.9% to GH¢72.84 million, from GH¢96.98 million.

Kasapreko also reported finance income of GH¢1.89 million and an unrealised foreign exchange gain of GH¢2.03 million, compared with GH¢44.47 million in 2025.

Profit before tax increased by 26% to GH¢240.06 million, from GH¢190.55 million.

After an income tax expense of GH¢54.23 million, compared with GH¢39.83 million previously, net profit reached GH¢185.83 million. The company’s net profit margin improved from approximately 9% to 10.4%.

Total assets rise to GH¢2.69 billion

Kasapreko’s total assets increased by 55.6% to GH¢2.69 billion, from GH¢1.73 billion in June 2025.

Property, plant and equipment rose to GH¢1.08 billion, from GH¢693.53 million, while right-of-use assets stood at GH¢39.32 million.

Inventories increased to GH¢666.44 million, trade and other receivables reached GH¢266.93 million, and cash and bank balances rose sharply to GH¢633.64 million, from GH¢186.01 million.

Current assets reached GH¢1.57 billion, compared with current liabilities of GH¢824.23 million, giving Kasapreko a current ratio of approximately 1.9.

Share issue strengthens shareholders’ equity

Kasapreko’s stated capital increased from GH¢50 million to GH¢727.70 million after the company received net proceeds of GH¢677.70 million from the issue of shares.

Retained earnings rose to GH¢836.26 million, lifting total shareholders’ equity to GH¢1.56 billion, from GH¢496.95 million in June 2025.

Total liabilities declined to GH¢1.12 billion, from GH¢1.23 billion.

Non-current liabilities stood at GH¢298.23 million, including borrowings of GH¢68.39 million, corporate bonds of GH¢200 million and deferred tax liabilities of GH¢29.84 million.

Current liabilities included trade and other payables of GH¢572.37 million, borrowings of GH¢60.31 million, corporate bonds of GH¢151.18 million and related-party loans of GH¢27.35 million.

Stronger operating cash flow and heavy investment

Net cash generated from operating activities increased to GH¢185.55 million, from GH¢72.18 million.

Cash generated from operations reached GH¢317.65 million, while interest payments amounted to GH¢71.04 million and taxes paid totalled GH¢63 million.

Kasapreko spent GH¢340.41 million on property, plant and equipment, significantly higher than the GH¢62.94 million spent in the first half of 2025.

Financing activities generated net cash of GH¢545.50 million, mainly supported by the share issue. The company also received GH¢163.96 million in new borrowings but repaid GH¢290.28 million in loans and GH¢6.88 million in related-party loans.

Cash and cash equivalents increased by GH¢390.64 million, ending the period at approximately GH¢633.64 million.

Kasapreko prepares for bond repayment

Kasapreko said it will fund a sinking fund account between August and December 2026 to support the repayment of its Series 1 Tranches 1 and 2 corporate bonds.

The bonds are listed on the Ghana Fixed Income Market and are due to mature on January 29, 2027.

As a result, GH¢151.18 million of corporate bonds was classified under current liabilities, while GH¢200 million remained under non-current liabilities.

What this means for investors

Kasapreko’s first-half results show stronger profitability, improved liquidity and a significantly larger equity base.

Revenue grew by 6.2%, but operating profit increased by 27.4% and net profit rose by 23.3%, indicating improved efficiency.

The share issue also strengthened the balance sheet, increased cash reserves and reduced the company’s reliance on liabilities.

Investors should, however, monitor rising administrative expenses, the sharp increase in capital expenditure and the company’s upcoming bond repayments.

Overall, Kasapreko entered the second half of 2026 with stronger earnings, improved cash generation and a healthier financial position.