General News of Friday, 23 May 2025
Source: www.ghanawebbers.com
Kasapreko PLC has reaffirmed its commitment to transparency and investor confidence. This was announced at the Ghana Stock Exchange’s “Facts Behind the Figures” forum. The company highlighted its strong performance since entering the capital market. In 2024, it issued a GHS 350 million corporate bond, the largest by any local company in Ghana.
Richard Adjei, CEO of Kasapreko, spoke at the event on May 23. He called their entry into the debt capital market a defining step. He stated that it was more than just financing; it was a bold statement of accountability and governance. The CEO emphasized that a Ghanaian brand can excel under public scrutiny while delivering value to investors.
Kasapreko's financial performance has been impressive. For fiscal year 2024, revenue increased by 45%, reaching GHS 2.7 billion. This growth was driven mainly by domestic sales and export demand. Net profit soared by 574%, indicating efficient operations and cost control.
This positive momentum has continued into the current year. In Q1 2025, revenue rose by 52%. Profit after tax climbed by 184%, reflecting strong volume growth and disciplined management.
Investor sentiment toward Kasapreko remains strong. The company secured tighter pricing on its second bond tranche, showing growing market confidence in its operations. Kasapreko is committed to prudent financial practices as well. It is actively reducing interest-bearing liabilities and strengthening working capital management for continued growth.
From being a domestic leader, Kasapreko has become a regional powerhouse. It now operates across all 16 regions of Ghana and exports to 14 African countries. Its distributor network expanded by 13%, reinforcing its dominance in production and distribution.
Founded in 1989, Kasapreko PLC has evolved from a local producer to a multinational operation. Its flagship product, Alomo Bitters, along with other beverages, remains popular in Ghana and beyond.