EAPCC Net Earnings Up 377% to KSh 5.5Billion in 2025

(EAPCC)East African Portland Cement Company, a listed cement maker that is majority owned by Kalahari Cement, swung back to profitability, with net earnings rising 377% to KSh 5.53 billion. While Kenya’s consumption cement fell 7.94% in 2024, there was a recovery in 2025 with the first quarter recording a 20.69% growth as cost of credit eased. There was also a resumption in the execution of many public projects, stimulating demand for construction materials, including cement.

East African Portland Cement(EAPCC) operational performance was boosted by a triple digit growth in clinker production (121%) and a double digit growth in cement production, at 96%.

EAPCC Revenues

EAPCC revenue surged by 116% to KSh 7.084 billion driven by improved and consistent cement production, effective pricing strategies and strong demand recovery in key market segments.

The cement maker’s balance sheet size grew by 43% to close at KSh 50.313 billion driven by recognition of EAPCC leasehold properties, at fair value, which were previously held at cost.

“As we look to the future, we remain focused confident in the strength of our business, our investment in the plant and abundant growth opportunities. The immediate strategy is to expand capacity and diversify revenue, funded by proceeds from liquidation of non-core assets,” said the EAPCC Board in a statement signed by Company Secretary Roseline Ominde.

In November last year, EAPCC East African Portland Cement Plc resumed trading at the Nairobi Securities Exchange, allowing investors and market participants to trade the firm’s shares

This reinstatement follows a review of the matter that led to the temporary trading halt. The NSE confirmed that the circumstances surrounding the precautionary trading halt on EAPCC had been satisfactorily addressed.

EAPCC’s sterling financial performance mirror the entry of Kalahari Cement, majority shareholder of the firm, which last year acquired the 27% stake held by Kenya’s National Social Security Fund (NSSF) for KSh1.6billion (US$12.33m), a move that gave Tanzanian businessman Edhah Abdallah Munif, effective control of the listed cement maker.

Key financial indices of EAPCC performance for year ended 31^st December 2025

Revenue: up116.0% to 7.08billion

◾Gross Profit: Swung to 1.04billion from KSh 777.5 million loss

◾Operating Profit: Swung to KSh 1.64billion from 1.87billion loss

◾Fair Value Gain: up 28.4% to KSh 3.90billion

◾Profit before Tax: up 376.4% to KSh 5.53billion

◾Net Profit:  up 377.7% to KSh 5.53billion

◾Earnings Per Share(EPS):  up 377.7% to KSh 61.39

◾Dividend: KSh 1.25 per share

◾Total Assets: up 43.0% to KSh 50.31billion

◾Total Equity: up 64.1% to KSh 33.64billion

◾Cash: up 3,194.3% to KSh 683.8million

◾Clinker Production:  up 121%

◾Cement Production: up 96%