Guinness Nigeria Plc Reports 53% Profit Increase in 2026

Guinness Nigeria Plc reported a net profit of N40.69 billion for the nine months ended September 30, 2026, reflecting a 53% increase compared to the previous year. The company's unaudited financial results indicated that revenue rose from N335.07 billion in the corresponding period of 2025.

Profit after tax increased from N26.59 billion, while profit before tax surged by 55.3% from N39.69 billion to N61.65 billion. Gross profit climbed by 20.4% to N151.38 billion, up from N125.72 billion.

Operating profit rose by 23.4% to N64.98 billion, despite higher administrative, marketing, and distribution expenses. A key factor in the improved profit was a 61.9% reduction in finance expenses, which fell to N5.83 billion from N15.30 billion.

Earnings per share increased to 1,858 kobo from 1,214 kobo. The company declared an additional interim dividend of N7.00 per share, totaling N15.33 billion, bringing total interim dividends for the financial year to N16.00 per share.

Prof. Fabian Ajogwu, chairman of the Board, and Girish Sharma, managing director and CEO, commented on the company's financial progress and profitability.