Guinness Nigeria Declares N2 Interim Dividend for Q1 2026

Guinness Nigeria Plc announced an interim dividend of N2.00 per ordinary share for the first quarter ending March 31, 2026, reflecting a strong earnings recovery and a renewed focus on shareholder returns. The company reported a profit before tax of N10.39 billion for the first quarter of the financial year 2026, representing a 48% increase from N7.03 billion in the same period of the previous year.

Earnings per share rose to N4.74 from N3.21. Revenue grew by 4% to N122.77 billion, while operating profit remained resilient at N17.18 billion despite margin pressures.

Notably, net finance costs significantly declined to N1.43 billion from N7.72 billion in the financial year 2025, supporting bottom line growth. The total payout for the interim dividend is approximately N4.38 billion based on 2.19 billion shares outstanding, with a qualification date of April 20, 2026.

The dividend is in line with the provisions of sections 426 and 428 of the Companies and Allied Matters Act 2020, marking a significant step in restoring consistent shareholder value distribution.