Shepherd Neame acquired eight pubs from Enterprise Inns during 2015/2016 which was a key driver in the groups growth.
Jonathan Neame, chief executive, said: "I am delighted to report a record set of results, with managed pubs our key driver of growth, and an impressive performance against our strategic objectives.
“In recent years, we have worked hard to improve the quality of our pub estate and modernise our brand portfolio.
“We have created a much stronger business with sustainable cashflows and the skills and ambition for further growth.
“We have made a good start to the new financial year, with a particularly strong performance from our coastal pubs."
Shepherd Neame is Britain's oldest brewer. Established in 1698 and based in Faversham, Kent it employs around 1,300 people.
The brewer retails its own beers, on draught and in bottles, under a range of successful brands including Spitfire, Whitstable Bay, Bishop’s Finger and Master Brew.
It also brews lagers under license, including Japan's number one beer Asahi Super Dry and US craft lager Samuel Adams Boston Lager.