Investors seeking an alternative opportunity in the local capital market may soon have the chance to own a stake in one of Ghana’s most successful homegrown brands as Kasapreko PLC, a leading indigenous beverage producer, has announced plans to list 25% of its equity shares on the Ghana Stock Exchange (GSE) by the end of this year.
Managing Director of Kasapreko, Richard Adjei, disclosed the upcoming equity listing during the company’s presentation at the GSE’s Facts Behind the Figures forum on Wednesday. This move is to drive the next phase of the company’s market transformation.
The MD says the shareholders of the company has approved the listing which is expected to drive the company’s new heights.
This new equity listing comes following a successful maiden entry into the GSE market last year. The company, following the advice of stakeholders, entered the market and was able to raise about GHC 350 million through corporate bonds.
“This year, thanks to the board members and shareholders, we also have approval to list equity on the Ghana Stock Exchange on the main market,” the MD announced.
The company has seen a strong transformation following the initial listing, hence the move to enter the equity market.
For the full year 2024, revenue reached GHS 2.7 billion, a 45% increase year-on-year. Gross profit and profit before interest and tax rose by 47% and 80% respectively. Profit after tax soared by an impressive 574%, thanks to increased sales volumes and successful penetration into untapped markets.
The company’s balance sheet also reflected growth, with total assets rising by 14% to GHS 1.6 billion and equity improving by 66%. Interest-bearing loans fell by 10%, while interest cover stood at a healthy 178%, indicating strong debt servicing capability.
Momentum has already continued into the first quarter of 2025, with Kasapreko recording a 52% year-on-year increase in revenue. Gross profit and PBIT grew by 39% and 22% respectively, while interest cover improved further to 215%. Profit after tax for the quarter stood at GHS 47 million.
With market dominance in the spirits category and strong positioning in bottled water and soft drinks, Kasapreko is also positioning itself for regional expansion under the African Continental Free Trade Area (AfCFTA).
The anticipated equity listing is expected to generate significant investor interest, offering the public a rare opportunity to participate in the growth of a resilient and fast-scaling local enterprise with continental ambitions.
