Kasapreko Public Limited Company (PLC) delivered its strongest financial year on record in 2025, with audited profit after tax reaching GH¢354.2 million, up 157 percent from GH¢137.7 million the previous year, as the Ghanaian beverage manufacturer formally confirms plans to raise approximately US$50 million through an initial public offering (IPO) before the end of May 2026.
The audited financial statements for the year ended December 31, 2025, signed off by PricewaterhouseCoopers (PwC) on March 27, 2026, show revenue reaching GH¢3.5 billion, a 28.6 percent increase from GH¢2.72 billion in 2024. Gross profit climbed 51.8 percent to GH¢1.12 billion, driven by volume growth across both business segments and tighter cost management that squeezed more value out of each cedi of sales.
Profit before income tax hit GH¢453 million, while finance costs dropped sharply to GH¢134.6 million from GH¢220.7 million in 2024, reflecting the benefit of the company’s deliberate strategy to replace short-term bank borrowings with longer-tenor fixed-rate bond instruments. Total assets reached GH¢2.02 billion and total equity more than doubled to GH¢700.4 million, as retained earnings swelled to GH¢650.4 million from GH¢296.2 million a year earlier. The net debt-to-equity ratio improved dramatically to 1.53 from 3.27 in 2024, signalling a far stronger balance sheet.
At the segment level, the non-alcoholic beverages category contributed GH¢1.94 billion in revenue, while the alcoholic beverages segment added GH¢1.56 billion, with the alcoholic segment growing 35 percent and non-alcoholic beverages expanding 24 percent during the year.
The company employs 828 people as of December 31, 2025, up from 713 the previous year, as its operational footprint expanded in line with revenue growth.
Board Chairman Samuel Leslie Adetola confirmed that the company’s most ambitious capital project to date will break ground in 2026. The Adeiso Industrial Park in the Eastern Region will house three fully automated manufacturing plants two dedicated water production lines and one carbonated soft drinks line designed to significantly expand production capacity and reduce logistics costs. The board has approved a plan to raise approximately US$50 million through an equity offering to finance the project, with the fundraising targeted for completion by the end of May 2026.
Managing Director Richard Adjei has described the planned GSE listing as a transformational step that would mark Ghana’s first conventional IPO since MTN Ghana’s listing in 2018, with the company intending to float 25 percent of its equity shares on the main market of the Ghana Stock Exchange.
The Directors’ Report also disclosed that Kasapreko will begin funding a sinking fund account from August 2026 to support timely repayment of Series 1, Tranches 01 and 02 of its bond programme listed on the Ghana Fixed Income Market (GFIM), with principal due on January 29, 2027. The company’s outstanding bonds on the GFIM total GH¢351.2 million across two series, carrying coupon rates of 26 percent and 23.50 percent per annum respectively.
No dividend has been recommended for 2025, with retained earnings instead being preserved to fund the Adeiso expansion and strengthen the balance sheet ahead of the equity market entry.
