Banks DIH Limited has reported an after-tax profit of $10.563 billion in 2024, up from $8.970 billion in 2023—an increase of $1.593 billion or 17.76%.
The group also recorded a profit before tax of $16.979 billion compared to $14.509 billion in the previous year, reflecting a $2.470 billion growth or 17%.
These achievements were announced by Managing Director of the Group and Chairman of the Board, Clifford Reis, in the Group’s 2024 financial report, titled “The Journey to Success.” The report highlighted a robust year, marked by strong financial results and strategic advancements.
The Board of Directors has recommended a dividend of $2.60 per share unit, amounting to $2.210 billion in total, an 18.18% increase compared to $1.870 billion in 2023.
Following the commencement of operations of Banks DIH Holdings Inc. on July 19, 2024, Banks DIH Limited reported revenues of $39.079 billion for the period from October 1, 2023, to July 18, 2024, and $9.765 billion from July 19, 2024, to September 30, 2024. This brought total revenue for the year to $48.844 billion, an increase of $4.796 billion or 11% compared to $44.048 billion in 2023.
Profit before tax for the first period was $10.544 billion, with $2.858 billion reported for the second period. The combined total of $13.402 billion represents a $2.009 billion or 17.63% increase compared to $11.393 billion in 2023.

“Our revenue growth has exceeded expectations, with an 11% increase, and our net profit rose by 17.76%. These results underscore the dedication of our team, our strategic initiatives, and our focus on delivering value,” Reis stated in the report.
He noted that customer satisfaction programmes implemented during the year yielded significant improvements, reflecting the company’s commitment to quality service.
Notable product launches in 2024 included XM Aged 25-Year-Old Caribbean Finest Rum, Classic Beer, Minute Maid Fruit Cooler, and Kings’ Danish Pastry.
“These innovations not only reinforce our positions as industry leaders, but also pave the way for future growth opportunities,” the Chairman said.
Looking ahead, the Group aims to further leverage its global brand portfolio and strengthen core competencies in manufacturing, marketing, innovation, revenue growth, management, and execution. The overarching goal is to create enduring value for shareholders, customers, employees, and suppliers.
Reis emphasised the Group’s resilience in overcoming challenges and expressed optimism for the 2025 financial year and beyond, focusing on a consumer-focused approach to drive growth and solidify its market leadership.
“In the 2025 Financial Year, our subsidiary, Banks DIH Limited’s capital expenditure will focus on the acquisition of a new Beer Bottling Plant and a Beer Canning Line; upgrade of our existing Beer Bottling Plant; expanding our transport and power generation capabilities; constructing a new Quik Serv restaurant in Bartica and further developing land and buildings throughout Banks DIH Limited,” Reis noted.