Guinness Nigeria profit jumps 53% to N40.69bn

Guinness Nigeria Plc has reported a strong financial performance for the nine months ended 30 September, 2026, with revenue rising by 20.4 per cent to N403.33bn and profit after tax increasing by 53.1 per cemt to N40.69bn, reflecting improved profitability and lower finance costs.

The company’s unaudited financial results for the period show that revenue grew from N335.07bn in the corresponding period of 2025, while profit after tax rose from N26.59bn. Profit before tax also increased by 55.3 per cent, from N39.69bn to N61.65bn, underscoring the company’s improved earnings performance.

Gross profit climbed by 20.4 per cent to N151.38bn, compared with N125.7bn in the prior-year period. Profit from operating activities increased by 23.4 per cent  to N64.98 billion, up from N52.64bn, demonstrating growth in operating earnings despite higher administrative, marketing and distribution expenses.

A significant contributor to the improved bottom line was the reduction in finance expenses, which fell by 61.9 per cent to N5.83bn from N15.30bn in the corresponding period of 2025.

Earnings per share also strengthened, rising to 1,858 kobo from 1,214 kobo.

Reflecting the company’s sustained profitability and financial performance, the Board approved an additional interim dividend of N7.00 per share, representing a distribution of approximately N15.33bn. This brings total interim dividends declared for the financial year to N16.00 per share, comprising N2.00 per share following the first quarter, N7.00 per share following the second quarter and the latest N7.00 per share declaration.The additional dividend reflects the Board’s confidence in the company’s financial performance and commitment to delivering long-term value for shareholders.

Commenting on the results, Board Chairman, Prof. Fabian Ajogwu, SAN, said: “These results reflect the progress Guinness Nigeria is making in strengthening its financial performance and building a more resilient business. The continued growth in revenue and profitability, alongside our disciplined approach to financial management, provides a solid foundation for the next phase of our journey. Our commitment remains to provide strong governance, support sustainable business growth and deliver enduring value to our shareholders.”

Managing Director and Chief Executive Officer of Guinness Nigeria Plc, Girish Sharma, added: “Our nine-month performance reflects the progress we are making in strengthening the business and improving profitability. Revenue growth, higher operating earnings and a significant reduction in finance costs have contributed to a stronger bottom line. While the operating environment remains dynamic, we remain focused on disciplined execution, operational efficiency and delivering sustainable value for our consumers, customers and shareholders.”