Kasapreko PLC reports 52% surge in Q1 2025 revenue, triples net profit
Improved sales, cost controls, and reduced finance expenses significantly lifted Kasapreko’s profitability in the first quarter of 2025.
GHANA – Kasapreko PLC has reported strong financial results for the first quarter ending March 31, 2025, with a 52% increase in revenue to GHS 821.9 million (US$56.29M), up from GHS 539.5 million (US$36.95M) in the corresponding period in 2024.
The Ghanaian beverage company also nearly tripled its net profit to GHS 47.2 million (US$3.2M), compared to GHS 16.6 million (US$1.14M) a year earlier.
The performance was driven by improved sales and effective cost management. Gross profit rose by 39% to GHS 219 million (US$15M), while operating profit increased by 22%.
The company cited lower finance costs—falling to GHS 52.7 million from GHS 66.8 million (US$4.6M)—as a key contributor. A reduction in income tax expense to GHS 12.4 million (US$849K) also supported higher net earnings.
Total assets increased to GHS 1.77 billion (US$121.2M) from GHS 1.33 billion (US$91.1M) in the previous year. Current assets, including inventories and trade receivables, amounted to GHS 1.01 billion (US$69.2M), indicating expanded operational activity.
Despite this, cash reserves declined to GHS 147.3 million (US$10.1M) from GHS 162.9 million (US$11.2M) at the beginning of the year, due to a GHS 47.2 million (US$3.2M) investment in property and equipment.
Total liabilities reached GHS 1.38 billion (US$94.5M), driven by borrowings and trade payables. Equity rose to GHS 393.4 million (US$26.9M), mainly from retained earnings. While cash flow from operations remained positive at GHS 34.9 million (US$2.4M), significant capital expenditures and loan repayments led to a net reduction in cash.
Kasapreko confirmed that its unaudited financials adhered to International Financial Reporting Standards (IFRS), with revisions in presentation, such as separating net impairment losses and reclassifying interest income.
Tax rates varied across operations, with 12.5% applied at the Kumasi facility and 8% for export sales.
The company, known for producing alcoholic and nonalcoholic beverages including Freedom Beer and Carnival liqueur, exports to 16 countries and continues to invest in infrastructure to support its expansion strategy.
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