Nigerian Breweries Projects Strong Growth for 2026

Nigerian Breweries Plc, led by Managing Director and Chief Executive Officer Thibault Boidin, expressed optimism for strong growth in the 2026 financial year during its pre-80th annual general meeting media briefing in Lagos. The company expects improved macroeconomic stability to drive this growth, despite caution regarding recent geopolitical tensions in the Middle East that have pushed crude oil prices above $100 per barrel, leading to higher petrol and diesel costs in Nigeria.

In 2025, Nigerian Breweries reported a remarkable 35% revenue growth, reaching N1.46 trillion, up from N1.08 trillion in 2024. Operating profit nearly tripled to N205.2 billion, a 194% increase from N69.9 billion, reversing a net loss of N145 billion in 2024.

Financial Director Maria Karaseva highlighted disciplined cost control and a stable naira as key factors in achieving these results. Despite strong profits, no dividend was paid for 2025 due to accumulated retained earnings remaining negative from previous losses.