Namibia Breweries Limited announced that the Group's profit after tax and basic earnings per share are expected to increase by more than 950%. The increase is attributable to the extraordinary gains related to the profit realised on the sale of the shares held in Heineken South Africa (RF) Proprietary Limited. Headline earnings per share from continuing operations for the year ended 30 June 2023 are expected to decrease by between 28% and 33% compared to the comparative financial period.

The decrease in continuing operational performance is attributable to decreased sales volumes in the second half of the year, general high input cost inflation throughout the year, and non-recurring costs related to the merger with Distell and Heineken.