Zambian Breweries Income Statement

Financials in millions ZMW. Fiscal year is January - December.

Millions ZMW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	6,114	5,342	4,153	3,675	3,069
Revenue Growth (YoY)	14.45%	28.63%	13.01%	19.73%	33.12%
Cost of Revenue	4,202	4,141	3,152	2,344	2,046
Gross Profit	1,912	1,200	1,001	1,331	1,023
Selling, General & Admin	1,006	915.66	786.38	681.77	601.04
Other Operating Expenses	-94.24	104.59	168.86	-19.2	-15.66
Operating Expenses	911.42	1,020	955.23	662.58	585.38
Operating Income	1,000	180.19	45.34	668.22	437.86
Interest Expense	-426.33	-415.14	-354.09	-151.84	-86.94
Interest & Investment Income	0.09	0.31	0.03	0.03	1.4
Currency Exchange Gain (Loss)	-	-546.36	-465.08	-369.85	-241.21
EBT Excluding Unusual Items	574.09	-781.01	-773.79	146.56	111.11
Gain (Loss) on Sale of Assets	-	-8.36	-2.17	-4.39	-4.89
Asset Writedown	-	-1.62	-19.48	-	-
Pretax Income	574.09	-790.99	-795.44	142.17	106.22
Income Tax Expense	279.32	-118.31	-259.84	42.92	-41.73
Earnings From Continuing Operations	294.77	-672.68	-535.6	99.25	147.95
Net Income to Company	294.77	-672.68	-535.6	99.25	147.95
Minority Interest in Earnings	-	-	-	-	-19.04
Net Income	294.77	-672.68	-535.6	99.25	128.91
Net Income to Common	294.77	-672.68	-535.6	99.25	128.91
Net Income Growth	-	-	-	-23.01%	2391.03%
Shares Outstanding (Basic)	546	546	546	546	546
Shares Outstanding (Diluted)	546	546	546	546	546
Shares Change (YoY)	-0.02%	-	-	-	-
EPS (Basic)	0.54	-1.23	-0.98	0.18	0.24
EPS (Diluted)	0.54	-1.23	-0.98	0.18	0.24
EPS Growth	-	-	-	-23.01%	2391.03%
Free Cash Flow	-845.92	173.57	-807.12	-353.41	-981.93
Free Cash Flow Per Share	-1.55	0.32	-1.48	-0.65	-1.80
Gross Margin	31.27%	22.47%	24.09%	36.22%	33.34%
Operating Margin	16.36%	3.37%	1.09%	18.19%	14.27%
Profit Margin	4.82%	-12.59%	-12.90%	2.70%	4.20%
Free Cash Flow Margin	-13.84%	3.25%	-19.44%	-9.62%	-32.00%
EBITDA	1,530	709.65	487.96	1,039	714.94
EBITDA Margin	25.02%	13.29%	11.75%	28.26%	23.30%
D&A For EBITDA	529.46	529.46	442.62	370.34	277.09
EBIT	1,000	180.19	45.34	668.22	437.86
EBIT Margin	16.36%	3.37%	1.09%	18.19%	14.27%
Effective Tax Rate	48.65%	-	-	30.19%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.