Kasapreko’s Capital Market Leap Spurs Record Growth and Regional Ambitions

Kasapreko Company Limited, a homegrown Ghanaian beverage powerhouse, is celebrating a dramatic transformation just one year after making the strategic decision to list on the Ghana Stock Exchange (GSE) in 2024.

Since entering the capital market, the company reports a major shift in its growth trajectory, fueled by enhanced access to capital and renewed strategic focus—particularly in positioning itself for broader continental dominance under the African Continental Free Trade Area (AfCFTA).

A Defining Milestone

Speaking at the GSE’s “Facts Behind the Figures” series, Kasapreko’s Managing Director, Richard Adjei, described the company’s listing as a “historic” turning point. According to him, it opened a new era of strategic transformation, unlocking the resources needed to scale operations and realign business goals.

“In 2024, I think one of our biggest achievements was certainly coming onto the market. That has helped us shape the business as we see it today,” he emphasized.

Listing Strategy and Capital Raised

The company entered the stock market via the corporate bonds route, guided by advice from key stakeholders including the Ghana Stock Exchange and Consolidated Bank Ghana (CBG). Within a year, Kasapreko successfully raised GHC 350 million through corporate bonds.

This capital injection, Richard Adjei noted, has been a catalyst for both operational expansion and financial stability, supporting the company’s ambitions to scale both locally and internationally.

Post-Listing Performance: A Breakout Year

Deputy Managing Director Greg Pitt revealed that the raised funds were deployed to strengthen working capital, improve cash flow, and scale flagship brands such as Awake, Storm, and Alomo Bitters.

The results have been nothing short of impressive:

• Alcoholic beverage sales surged by 36%.

• Non-alcoholic portfolio (water and soft drinks) saw 29% growth.

• Revenue soared to $2.7 billion—a 45% year-on-year increase.

• Gross profit jumped by 47%, while Profit Before Interest and Tax climbed 80%.

• Interest cover stood strong at 178%, improving to nearly 200% when adjusted for foreign exchange losses.

• Profit After Tax skyrocketed by 574% YoY, reflecting a strong operational turnaround.

• Total assets expanded by 40%, hitting $1.6 billion.

“We can see throughout the numbers that since we started the bond programme, business numbers have changed,” the MD affirmed, attributing the gains to operational efficiency, innovation, and infrastructure upgrades.

Dominating Ghana, Targeting Africa

Kasapreko has now emerged as the market leader in Ghana’s spirits segment and ranks among the top three players in the water and soft drinks category. These milestones mark a remarkable journey for a company that started as a modest bottling business in the 1980s.

“With AfCFTA opening doors to a market of over 1.2 billion people, we are preparing to become a continental leader,” Richard Adjei stated. “Our listing was not just to raise money, but also to position ourselves for Africa’s next big opportunity.”

The company aims to leverage its strengthened capital base, powerful brand recognition, and regional partnerships to enter new African markets and distribute competitively priced products across borders.

A Blueprint for Indigenous Growth

Kasapreko’s success story is now being held up as a model for Ghanaian businesses seeking growth through market listings. According to Adjei, the experience proves that indigenous firms can scale and compete globally when they tap into local capital markets.

With a bold vision, increased investor confidence, and accelerating momentum, Kasapreko is on course to become one of Africa’s most influential beverage brands—and a shining example of Ghanaian enterprise on the rise.