Nigerian Breweries surges past N1 trillion Revenue mark amid Economic turbulence

Nigerian Breweries Plc has announced a strong financial performance, recording a Group Revenue of N1.04 trillion for the nine months ended September 30, 2025, representing a 48 per cent increase from N703 billion posted during the same period in 2024.

According to the company’s unaudited financial results filed with the Nigerian Exchange Limited (NGX), the Cost of Sales rose to N627 billion from N495 billion in 2024, while Marketing, Distribution, and Administrative expenses increased by 38 per cent to N254 billion, driven by expanded brand and sales activities.

In a statement, the Company Secretary/Legal Director, Uaboi Agbebaku, said the brewer achieved solid topline and operational growth despite persistent macroeconomic challenges, including high double-digit inflation and rising input costs that have continued to strain consumer spending.

“The Group’s revenue grew by 47 per cent, supported by appropriate pricing and the strong performance of the premium portfolio. Operating profit improved significantly, driven by cost management and supply chain efficiencies, while net profit increased by 157 per cent due to higher operating profit and lower net finance costs,” Agbebaku stated.

He attributed the company’s profitability rebound partly to the Rights Issue Programme of 2024, which strengthened its balance sheet and supported long-term growth initiatives.

Agbebaku noted that the third quarter of 2025 recorded a slight downturn due to seasonal market demand and a one-off impairment charge linked to the integration of its subsidiary, Distell Wines and Spirits Nigeria Limited.

However, he expressed optimism about a strong recovery in the final quarter, driven by year-end festive consumption trends.

“With the usual market rebound expected during the festive season, the Board remains confident that the full-year results will stay positive,” he said.

He further appreciated shareholders for their continued trust and support, which, he said, had helped the company navigate economic challenges and remain on course for sustainable recovery and long-term growth.