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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
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.

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

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