Namibia Breweries has reported a 15% increase in net revenue, reaching N$2.1 billion, despite facing economic pressures, including high inflation and sluggish GDP growth. 

The growth is attributed to successful portfolio integration and strategic pricing following the NBL takeover by Heineken.

Operational costs rose by 21.9%, mainly due to new portfolio integration and once-off expenses. 

However, the company says it remains committed to sustainability goals, aiming for zero carbon emissions by 2030 and promoting responsible consumption.

Product-wise, Castelo saw growth, while Windhoek Draught maintained its lead despite losing market share. 

NBL also declared an interim dividend of 150% per share on March 2024, totalling N$320 million.

Peter Simon, NBL's Managing Director, expressed optimism, highlighting the company's focus on delivering value to shareholders and stakeholders, along with sustainable practices.