Guinness Nigeria Plc began its new financial year on a strong note, posting a pretax profit of N15.8 billion for the quarter ended September 30, 2025, marking a 315.49% increase from the N3.8 billion recorded in the same period of 2023.
The result highlights a major turnaround for the brewer, powered by robust revenue growth and operational recovery after a turbulent prior year.
Revenue for the quarter surged to N98.06 billion, up 64.72%, reflecting improved market performance and resilient demand for its core products.
Over the extended 15-month period, turnover reached N594.6 billion, with domestic sales contributing N585.6 billion and exports adding N9.02 billion, showing Guinness’s continued dominance in Nigeria’s alcoholic beverage market.
Profitability Boosted Despite Rising Costs
As sales expanded, cost pressures followed suit, with the cost of sales rising 49.1% to N61.7 billion from N41.3 billion a year earlier.
However, the brewer maintained efficiency gains, doubling its gross profit to N36.3 billion, a 100.36% improvement year-on-year.
Other income dropped sharply to N209.4 million from N1.3 billion in 2023, mainly due to reduced proceeds from asset disposals and by-product sales. Still, Guinness managed to sustain profitability, supported by higher operating income and moderate finance costs.
Operating Profit Doubles
Administrative expenses increased 41.48% to N4.7 billion, while marketing and distribution costs climbed 84.49% to N15.3 billion, underscoring the company’s strategic push for market expansion.
Despite these expenses, operating profit rose to N16.4 billion, up 109.28% from N7.8 billion last year, demonstrating efficient cost management and stronger brand performance.
Finance expenses stood at N6.0 billion, offset by N5.3 billion in finance income, leaving a manageable net finance cost of N616 million. The brewer’s net profit grew 288.26% to N10 billion, underscoring a strong earnings rebound and improved financial stability.
Balance Sheet Strengthens
Guinness Nigeria’s total assets climbed 8.78% to N245.9 billion, with property, plant, and equipment accounting for N117.9 billion. Total equity increased to N28.4 billion from N2.1 billion, signaling renewed investor confidence and capital strength.
Although retained earnings remained negative at N20 billion, it reflected a significant recovery from negative N46.3 billion in the previous period. Meanwhile, total liabilities declined 2.87% to N217.5 billion, driven by lower trade and other payables, which stood at N146.9 billion.
Stock Market Reaction
As of October 22, 2025, shares of Guinness Nigeria traded at N183.8 on the Nigerian Exchange (NGX), representing a 161.57% increase year-to-date.
The rally underscores investor optimism as the company continues to recover from past losses and rebuild shareholder value.
Guinness Nigeria’s remarkable first-quarter performance positions it for a stronger 2025, signaling renewed growth in Nigeria’s brewery industry amid inflationary headwinds and shifting consumer trends.
