Namibia Breweries Limited (NBL) has reported a staggering 101.4% surge in net revenue, reaching N$6.8 billion for the 18-month period ended 31 December 2024, up from N$3.38 billion in the prior 12-month cycle ending June 2023. The landmark results, announced today, underscore the brewer’s successful integration with Distell Namibia and HEINEKEN, which fuelled growth across all beverage categories despite challenging market conditions.
Managing Director Waldemar von Lieres attributed the performance to strategic alignment and operational resilience. “Our integration with HEINEKEN has strengthened our market position and enhanced our ability to meet consumer demands,” he said. “This growth reflects our commitment to boosting Namibia’s economy while delivering value to shareholders.”
The company’s operating profit skyrocketed by 112.6% to N$896 million, while headline earnings per share jumped 93.8% to 315.3 cents. Return on assets doubled to 24%, signalling improved efficiency. Shareholders will receive a final dividend of 157 cents per share, rewarding the robust financial turnaround.
Operational highlights include a 7% rise in Namibian beer volumes, driven by economic recovery and the revitalized Windhoek brand, which dominated growth in local, South African, and export markets. The integration of Distell’s portfolio and expanded production capabilities further cemented NBL’s regional footprint, with increased output to South Africa and advancements in cider and wine production.
Looking ahead, NBL plans to implement a new enterprise resource planning (ERP) system by 2026 to streamline operations, alongside ongoing investments in supply chain efficiency and regional expansion. While acknowledging macroeconomic uncertainties, von Lieres expressed confidence in leveraging HEINEKEN’s partnership to unlock long-term growth. “We remain focused on innovation and sustainability,” he added, “ensuring NBL continues to thrive as a cornerstone of Namibia’s economy.”