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.

Namibian Breweries Ltd. (NBL) is optimistic about emerging opportunities through its recent transaction with Heineken and its acquisition of Ditshell Namibia, which would ensure long-term sustainability for the company and create a regional beverage champion for Southern Africa. 

NBL's Managing Director Marco Wenk says these developments will contribute to growth in volumes and market share in Namibia.

NBL sold its 25% shareholding in Heineken South Africa to Heineken's new unlisted public holding company and will appoint a new board next month.