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Kasapreko to List 25% Equity on Ghana Stock Exchange by End of 2025

3 months ago
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Kasapreko to List 25% Equity on Ghana Stock Exchange by End of 2025

Local beverage giant Kasapreko Company Limited is set to list 25% of its equity shares on the Ghana Stock Exchange (GSE) by the end of this year, according to Managing Director Richard Adjei.

The disclosure was made during the company’s presentation at the GSE’s Facts Behind The Figures forum.

“This year, thanks to the board members and shareholders, we also have approval to list equity on the Ghana Stock Exchange main market. We are looking at floating a maximum of 25% of equities hopefully by the end of this year,” stated Mr Adjei.

The intended equity listing comes on the back of what Mr Adjei described as a transformational period for the beverage company, including a GHS 350 million landmark capital raise and improved operational performance.

“In 2024, one of our biggest achievements was coming onto the market,” he noted. “That has helped us shape the business as we see it today. Since we started the bond programme, our business numbers have changed.”

Kasapreko, he added, currently ranks number one in the spirits category in Ghana and remains within the top three in both the bottled water and soft drink categories.

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Strong Financial Performance

The company posted strong full-year 2024 financial results, with revenue hitting GHS 2.7 billion, representing a 45% year-on-year growth. Gross profit increased by 47%, while profit before interest and tax (PBIT) surged by 80%.

Profit after tax recorded a remarkable 574% year-on-year growth, driven by expanded market reach and increased sales volumes. The company’s sales team successfully penetrated new markets in 2024, contributing to the performance boost.

On the balance sheet, Kasapreko’s total assets grew by 14% to GHS 1.6 billion, while total liabilities increased marginally by 5.3% to GHS 1.2 billion. The company also improved total equity by 66% and reduced interest-bearing loans by 10% through repayments under short-term borrowings.

The company also highlighted a significant improvement in interest cover, which stands at 178%.

Q1 2025 Snapshot

Kasapreko’s Q1 2025 performance has also been promising, with revenue rising by 52% year-on-year. Gross profit and PBIT grew by 39% and 22% respectively. Interest cover for the quarter improved to 215%, while profit after tax reached GHS 47 million.

The company’s planned listing on the GSE is expected to attract significant investor interest, given its strong financial footing, market leadership, and growth potential both locally and across Africa.

 

Tags: Ghana Stock ExchangeKasapreko to List 25% Equity on Ghana Stock Exchange by End of 2025

Comments 1

  1. SULLEY DONG NORBERT says:
    3 months ago

    please how much is s share ? I want to buy some shares.

    Reply

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