BAT Kenya has posted a Sh25.7 billion net revenue for the year ending December 31, 2024, according to its end year performance report.

The company, which saw a 955 percent surge in financing costs due to foreign exchange losses, managed to achieve a 1 percent increase in net revenue to Sh25.7 billion.

Additionally, the cash generated from operations rose by 23 percent. However, pretax profit declined by 19 percent to Sh6.5 billion, primarily attributed to the increased financing costs.

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The Company maintained a robust dividend position, announcing a total dividend payout of Sh50 per share for 2024.

Crispin Achola BAT Kenya Managing Director noted that the development marks a 1 percent rise in dividend yield to 13 percent, reinforcing the company’s position as one of the highest-yielding stocks on the Nairobi Securities Exchange (NSE).

“The Company remains resilient, maintaining solid fundamentals. The Board’s proposed final dividend payout of KShs 45 per share, in addition to the interim dividend of KShs 5 per share paid to shareholders in September 2024. This brings the total dividend for the 2024 Financial Year to KShs 50 per share, representing a 1% improvement in yield to 13% versus 2023,” he said.

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Achola pointed out that firm strategic interventions, including enhanced distributor efficiencies, cost-saving measures, and smart pricing strategies to mitigate inflationary pressures led to the company’s stability and continued value generation.

He highlighted that foreign exchange scarcity in key export markets negatively impacted consumer purchasing trends and disrupted shipments and payments.

“In our export markets, significant regulatory changes in some markets adversely impacted consumer purchase dynamics leading to volume decline,” stated Achola BAT Kenya MD.