• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home News

Guinness Nigeria profit soars to ₦26.3bn in 15 months

Brewer posts sharp turnaround as revenue doubles to ₦594.7bn

David Okere by David Okere
October 23, 2025
in News
0 0
0
Guinness Nigeria

Guinness Nigeria Profit Soars to ₦26.3bn in 15 Months

Guinness Nigeria Profit jumps to ₦26.3bn for 15 months to Sept 2025, marking a strong recovery as revenue doubles to ₦594.7bn

Guinness Nigeria Profit — Guinness Nigeria Plc has returned to profitability, reporting a profit after tax of ₦26.3 billion for the 15-month period ended 30 September 2025.

Also read: Delta Police arrest suspect over motorcyclist’s murder

he results mark a significant turnaround for the brewer, which had previously recorded a loss.

In its unaudited financial statements filed with the Nigerian Exchange Limited on Wednesday, the company revealed that revenue surged to ₦594.7 billion, more than double the ₦299.5 billion posted in the prior 12-month period ended June 2024.

The strong top-line growth was driven by improved sales volumes and strategic price adjustments, lifting gross profit to ₦184.7 billion after accounting for a cost of sales of ₦409.9 billion.

perfect aesthetic dental clinic perfect aesthetic dental clinic perfect aesthetic dental clinic

Profit before tax stood at ₦43.8 billion, reversing a pre-tax loss from the preceding year.

After tax expenses of ₦17.5 billion, Guinness Nigeria closed the 15-month period with a post-tax profit of ₦26.3 billion — a powerful sign of recovery for one of Nigeria’s leading beverage producers.

The company’s unaudited balance sheet showed total assets rising to ₦245.98 billion from ₦226.13 billion, reflecting a firmer financial position.

Total equity increased to ₦28.44 billion, while total liabilities amounted to ₦217.54 billion.

Also read: Omoyele Sowore arrest sparks outrage at Abuja court

Industry analysts say the latest results highlight the brewer’s operational resilience despite inflationary pressures and currency headwinds that have strained consumer goods companies across Nigeria.

David Okere
David Okere

Related Posts

WhatsApp Image 2022 04 04 at 12.36.39 PM scaled
General

‘A compelling case’ Emirates proposes to help establish Nigeria Air

by Rtn. Victor Ojelabi
April 4, 2022
images
General

For the record: Sieving through alleged Gov Dapo Abiodun’s friendship with OGD (Video)

by Rtn. Victor Ojelabi
June 27, 2023
BE3F7B94 9492 4815 99B8 54F3FD79E950
General

Mohbad’s father demands probe of late son’s wife

by Quadri Olaitan
February 29, 2024
WhatsApp Image 2025 02 14 at 2.55.17 PM scaled
General

UNILAG backs Lagos Speaker, Meranda, pledges institutional support

by Rtn. Victor Ojelabi
February 14, 2025
ambode2 1
General

‘A great achiever’ Dele Momodu, Habib Haruna greet Akinwunmi Ambode at 57

by Freelanews
June 14, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Recent News

WhatsApp Image 2026 04 18 at 7.30.25 AM

Itsekiri political unity coalition pushes strong 2027 strategy

April 18, 2026
IMG 20260417 WA0591

Adron Homes champions cultural heritage at Ibadan Cultural Festival 2026

April 17, 2026
WhatsApp Image 2026 04 17 at 6.59.31 PM

Speaker Obasa cites sports as a potent tool for instilling discipline, resilience in youth

April 17, 2026
Professor Y.K. Ajao performing Juju music live

Legendary Juju musician Professor Y.K. Ajao passes away

April 17, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
WhatsApp Image 2026 04 18 at 7.30.25 AM

Itsekiri political unity coalition pushes strong 2027 strategy

April 18, 2026
IMG 20260417 WA0591

Adron Homes champions cultural heritage at Ibadan Cultural Festival 2026

April 17, 2026
WhatsApp Image 2026 04 17 at 6.59.31 PM

Speaker Obasa cites sports as a potent tool for instilling discipline, resilience in youth

April 17, 2026
Professor Y.K. Ajao performing Juju music live

Legendary Juju musician Professor Y.K. Ajao passes away

April 17, 2026
April 2026
SMTWTFS
 1234
567891011
12131415161718
19202122232425
2627282930 
« Mar    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Professor Y.K. Ajao performing Juju music live

    Legendary Juju musician Professor Y.K. Ajao passes away

    0 shares
    Share 0 Tweet 0
  • Nigerian Breweries highlights resilience, strong recovery as it approaches 80 years

    0 shares
    Share 0 Tweet 0
  • UK court jails Nigerian couple in shocking £433k tax fraud

    0 shares
    Share 0 Tweet 0
  • BBNaija Liquorose breaks internet with stunning photos ahead of ex’s wedding

    0 shares
    Share 0 Tweet 0

Just Published!

WhatsApp Image 2026 04 18 at 7.30.25 AM

Itsekiri political unity coalition pushes strong 2027 strategy

April 18, 2026
IMG 20260417 WA0591

Adron Homes champions cultural heritage at Ibadan Cultural Festival 2026

April 17, 2026
WhatsApp Image 2026 04 17 at 6.59.31 PM

Speaker Obasa cites sports as a potent tool for instilling discipline, resilience in youth

April 17, 2026
Professor Y.K. Ajao performing Juju music live

Legendary Juju musician Professor Y.K. Ajao passes away

April 17, 2026
Nigerian Breweries

Nigerian Breweries highlights resilience, strong recovery as it approaches 80 years

April 17, 2026
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.