Guinness Nigeria Plc has reported a strong financial turnaround, posting a profit of N41.16 billion for the eighteen months ended December 31, 2025, compared with a loss of N54.77 billion recorded in the preceding twelve-month period.
In a disclosure to Nigerian Exchange Limited and shareholders, the company said revenue rose sharply to N730.8 billion from N299.5 billion, representing a 144% increase. The surge reflects both extended reporting duration and improved sales performance across product categories.
Gross profit climbed to N230.5 billion from N91.5 billion, while operating profit rose to N89.3 billion from N25.4 billion, indicating stronger cost discipline despite elevated marketing, distribution, and administrative expenses. Distribution costs alone more than doubled to N56.4 billion, highlighting ongoing investment in route-to-market capacity.
A major driver of the turnaround was the sharp reduction in net finance costs, which fell nearly 79% to N20.9 billion from N99.1 billion. Lower borrowing expenses significantly improved the company’s bottom line, enabling it to return to profitability before tax at N68.4 billion, compared with a pre-tax loss of N73.7 billion previously.
Tax charges of N27.2 billion reduced net earnings but still left the brewer firmly in positive territory. The results mark a decisive recovery phase for the company after a period of financial strain linked to currency volatility, high input costs, and financing pressures.
The board stated that the audited figures underscore operational resilience and improved financial efficiency, positioning the company for stronger performance in subsequent reporting cycles.
