Maputo, May 22, 2025 (Lusa) - The profit of Cervejas de Mozambique (CDM) almost tripled in 2024 to 1.706 billion meticais (€24 million), according to the report and accounts of the company, which produces the main Mozambican beer brands.
According to the report, sales enabled the company to post a gross profit of 8.35 billion meticais (€117.8 million) in 2024, up from 8.15 billion meticais (€115 million) the previous year.
In 2023, CDM had recorded a net profit of 577 million meticais (€8.1 million), according to the company's report and accounts.
CDM decided to pay shareholders dividends of 3.28 meticais per share (four euro cents), more than double the previous year.
Cervejas de Mozambique is part of the Belgian group ABInBev, which holds 83.01% of the share capital, in which the Mozambican State is also represented, with a 1.37% stake, and the National Social Security Institute, with 2.6%.
Considered one of the largest companies in the country, CDM was established on 1 August 1995, following the privatisation of the MacMahon and Manica breweries in Maputo and Beira, respectively, which includes the historic Laurentina brand (launched in 1932), acquired in 2022, and 2M.
The company, which dominates the Mozambican beer market, is mainly engaged in the production, distribution and sale of beer and other beverages.
CDM's portfolio also includes Impala beers, produced from cassava and corn, launched in 2011 and 2017, respectively, with the latter being the "most affordable on the market" due to its special tax regime.
"It is a socio-economic project that encourages domestic agriculture, benefiting and changing the lives of local communities, impacting more than 6,000 small farmers and around 190,000 people involved in its value chain," the company said of the Impala beer brand.
Laurentina Clara, Mozambique's first beer, was launched by a Greek immigrant who founded the Vitória factory in the country. In 1950, the MacMahon factory was inaugurated in Maputo, whose name gave rise to the popular Mozambican beer 2M. Five years later, the Manica Factory was set up in Beira.
In 1972, the beer industry in Mozambique underwent the formation of Sogere - Sociedade Geral de Cervejas e Refrigerantes de Moçambique, which resulted from the association of several beer and soft drink producers in the country, namely the MacMahon and Manica breweries and Cervejas Reunidas, but which was nationalised eight years later.
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