Sechaba Brewery reported a modest 2% decline in profit after tax for the six months ended 30 June 2025, as weaker volumes from its Coca-Cola Beverages Botswana (CCBB) associate offset growth at Kgalagadi Breweries Limited (KBL).
The group posted profit after tax of P133.9 million, down from P136.6 million in the prior year. Earnings per share eased to 121.08 thebe, compared with 123.52 thebe a year earlier.
Sechaba holds a 49.9% stake in both KBL and CCBB. During the review period, total beverage volumes contracted 9.5% to 1.27 million hectolitres. KBL’s beer volumes dropped 5.9% to 729,600 hectolitres, while CCBB’s soft drink volumes plunged 14% to 537,400 hectolitres.
The contrasting performances were reflected in profitability, wherein KBL profit after tax rose 2% to P284.7 million, supported by strategic pricing and product mix, but CCBB profit after tax slumped 77% to P5.9 million, hurt by reduced consumer demand.
Despite these headwinds, Sechaba declared an interim dividend of 4.20 thebe per share, payable on 29 October 2025 to shareholders registered by 17 October.
The company highlighted Botswana’s uncertain economic outlook, with the IMF forecasting a 0.4% contraction in 2025, though government projections remain more optimistic at 3.3% growth. Sechaba said its associates continue to adapt through pricing strategies, distribution efficiencies, and sustainability initiatives such as sourcing locally and promoting recyclable packaging.
Cash and cash equivalents fell sharply to P27.7 million, from P188.9 million at the start of the year, reflecting dividend payouts and lower operating cash flows.
Chairman Tabuya Tau and Managing Director Faith Asnath Nteta said Sechaba remains focused on “operational agility and long-term value creation” despite the ongoing economic volatility.