Champion Breweries' Pre-Tax Profit Falls 70.77% in 2026

Champion Breweries Plc (NGX: CHAMPION) released its unaudited Q3 2026 financial results, showing a pre-tax profit of N917.52 million for the nine months ended September 2026, a 70.77% decline from N3.14 billion in the same period of 2025. The results, filed with the Nigerian Exchange, indicated a 139.85% rise in revenue and a 47.50% increase in operating profit to N6.33 billion.

However, net finance costs surged 369.52% to N5.41 billion, consuming about 85% of operating profit. The company recorded a N1.26 billion tax credit, which lifted profit after tax (PAT) by 6.36% to N2.18 billion.

This is the first year Champion is presenting consolidated interim accounts following its acquisition of 80% of EnjoyBev B.V. on February 26, 2026. The Q3 2026 results showed revenue rising 185% YoY to N15.68 billion, with a pre-tax profit of N84.51 million, a significant improvement from a N318.30 million loss in Q3 2025.

The PAT was N974.04 million, driven by an N889.53 million tax credit.