# Understanding EABL FY 2026 Results

An episode of [The Mwango Capital Podcast](https://invisiblenetwork.ai/podcast/1583367792), 19 Sep 2026, 43 min.

Audio: https://api.substack.com/feed/podcast/216414143/c31ea8b833a15d8ab756a4df7cdac0ed.mp3

In this episode, recorded on September 2, 2026, we sit down with Justin Mollel (Group CFO, East African Breweries PLC) to dissect the group's FY26 financial performance. We explore how broad-based, volume-led growth across Tanzania, Uganda, and Kenya drove net sales to KES 146 billion ($1.12B), the strategic shift to a 50-50 fixed-and-floating debt mix, how cost-productivity initiatives offset raw material inflation, and the operational focus ahead of the upcoming Diageo-Asahi ownership transition. Show Notes 00:00:00 Introduction 00:08:08 Overview of the FY26 Results 00:12:52 Top Line Drivers 00:14:18 Consumer Trends and Mix 00:16:07 Cost Control and Productivity 00:19:47 Debt Mix and Finance Costs 00:26:04 Capital Allocation 00:31:22 Cash Flow and Capex Priorities 00:33:34 Diageo-Asahi Deal Update 00:35:38 Priorities for FY27 Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe

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