Nigerian Breweries Achieves N1.10 Trillion Revenue Growth

Nigerian Breweries Plc announced a revenue growth of N1.10 trillion for the nine-month period ending September 30, 2026, as disclosed in its third quarter unaudited financial results. This represents a 5% increase from N1.05 trillion in the same period of 2025.

Gross profit rose by 15% to N477.9 billion, and operating activities increased by 10% to N179.2 billion. Profit before tax grew by 33% to N171.7 billion, with profit after tax also rising by 33% to N114.1 billion.

The growth in profitability was attributed to improved margins and a 78% reduction in net finance expenses. Thibaut Boidin, the managing director/CEO, stated that the performance reflects business resilience despite consumer spending pressures.

Notably, the company returned to profitability in Q3 2026, posting a net profit of N21 billion, compared to a net loss of N4 billion in Q3 2025. Looking ahead, Boidin emphasized the company's focus on disciplined execution and investment in brands.