Fosters will advertise on the back of the first team shirts whilst Pharos will once again don the first team shorts.
Fosters have been the club's main sponsor in previous years whilst Pharos have continued to be the club's Official First Team Shorts Partner over the last few seasons.
Lowestoft Town Director Mark Kemp said: "We are delighted that both companies wish to continue their support of the club. Both Fosters and Pharos have been part of this club for a considerable length of time so we thank them for their support and look forward to continuing our partnership with them."
The club is delighted to welcome both companies back to The Amber Dew Events Stadium and hope to continue to enjoy a successful partnership with them.