Guinness Nigeria Plc has staged a remarkable financial rebound, reporting a pretax profit of N15.8 billion for the quarter ended September 30, 2025, a massive 315.4 percent leap from N3.8 billion in the same period last year.

This performance signals renewed strength for the brewer, which has shaken off previous losses and entered a new phase of profitability. The company’s 15-month pretax earnings climbed to N43.7 billion, reversing a N73.6 billion loss in the comparative period.

Revenue Growth Drives Recovery

This turnaround stemmed largely from accelerated revenue growth, improved cost management, and stronger brand performance across key product categories.

Quarterly revenue surged by 64.7 percent to N98.06 billion, underscoring sustained demand across its beer and spirits portfolio. Over the extended 15-month period, total turnover hit N594.6 billion, with the domestic market contributing N585.6 billion and exports generating N9.02 billion.

Efficient Cost Control Strengthens Margins

Although higher sales came with a rise in production expenses, cost of sales increased moderately by 49.1 percent to N61.7 billion from N41.3 billion in the same quarter of 2023.

Consequently, gross profit doubled to N36.3 billion, reflecting a 100.36 percent growth. Other income, mainly from asset disposals and by-products, declined to N209.4 million from N1.3 billion a year earlier. Still, this drop did little to slow operational momentum.

Meanwhile, administrative expenses grew by 41.5 percent to N4.7 billion, while marketing and distribution costs climbed by 84.5 percent to N15.3 billion, highlighting the company’s aggressive market drive.

Operating Profit Doubles Despite Rising Costs

Despite rising expenses, Guinness Nigeria maintained strong operational efficiency. Operating profit rose sharply to N16.4 billion, more than double the previous year’s N7.8 billion.

In the same manner, finance costs stood at N6.0 billion, partially offset by finance income of N5.3 billion, leaving a minimal net finance charge of N616 million. As a result, net profit soared by 288.3 percent to N10 billion, consolidating the brewer’s strong position in the third quarter.

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Balance Sheet Reflects Financial Strength

The balance sheet also showed notable improvements. Total assets expanded by 8.78 percent to N245.9 billion, with property, plant, and equipment accounting for N117.9 billion.

Shareholders’ equity rose from N2.1 billion to N28.4 billion, while retained losses reduced from N46.3 billion to N20 billion, showing steady progress toward full recovery. Total liabilities eased by 2.87 percent to N217.5 billion, driven by lower trade and other payables at N146.9 billion.

Investor Confidence on the Rise

On the Nigerian Exchange, Guinness Nigeria’s shares reflected investor confidence, closing at N183.8 as of October 22, 2025—representing a 161.57 percent rise in share value this year.

With this performance, the brewer continues to demonstrate resilience and strategic focus, positioning itself for sustained profitability in Nigeria’s evolving economic landscape.

 

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