Champion Breweries Reports Strong Q1, Approves Dividend

Champion Breweries Plc conducted its landmark 50th annual general meeting (AGM), where the board reviewed the company's audit financial statement for the year ending December 31, 2025, alongside updates on its strong first quarter 2026 performance. The company reported a 43% increase in revenue, amounting to ₦29.80 billion, and a profit before tax rise of 119%, reaching ₦1.79 billion.

This growth reflects the success of the company's margin-led growth strategy. Shareholders approved a dividend payment of 7 kobo per share for the year under review, indicating the company's commitment to rewarding its investors.

Mr. Imo Abasi Jacob, Chairman of the Board of Directors, described the year as a defining phase in the company's evolution, highlighting its successful transition to a stronger growth phase driven by improved profit discipline and operational strategies. The meeting also included updates on strategic expansion initiatives, including the acquisition of control interest in the Bullet brand portfolio, aimed at revenue diversification and growth in higher beverage categories.