Nigerian Breweries Reports N193bn Profit in H1 2026

Nigerian Breweries Plc released its unaudited results for the six months ending June 30, 2026, showing a profit after tax of N193 billion, a 5% increase from N184 billion in the same period of 2025. Group revenue rose by 9% to N804 billion, up from N738 billion, attributed to better revenue management, strong sales execution, and sustained demand for premium beer and malt brands.

The company’s operating profit increased by 8% to N164 billion, despite a 20% rise in selling, distribution, and administrative expenses. A significant decline in financing costs, with net finance expenses dropping by 61%, contributed to an 18% increase in profit before tax.

Uaboi Agbebaku, Company Secretary and Legal Director, noted that the return of retained earnings to a positive position marked a significant recovery milestone. The company maintained zero borrowing, enhancing liquidity and flexibility in a challenging business environment.