Champion Breweries Revenue Soars 140% After enJOYbev Deal

Champion Breweries Plc (NGX: CHAMPION) experienced a significant revenue increase of 140 percent, reaching ₦51.4 billion for the nine months ending September 30, 2026. This growth was primarily attributed to the consolidation of enJOYbev B.V., which expanded the company's operations beyond its previous standalone capabilities.

In comparison, revenue was ₦21.4 billion during the same period in 2025. The company's operating profit rose by 48 percent to ₦6.3 billion from ₦4.3 billion, while profit after tax increased to ₦2.18 billion from ₦2.05 billion, marking a 6 percent rise.

The disparity between the substantial revenue growth and the modest net profit increase is due to costs related to the integration of the acquired business and financing. Champion Breweries noted that disciplined pricing and product mix optimization helped maintain profitability despite weaker consumer demand.

The nine-month profit after tax included a net tax credit of approximately ₦1.3 billion, which was partly offset by higher finance costs. The acquisition has diversified Champion Breweries' product offerings and reduced reliance on a single beverage segment.