Guinness Nigeria Reports 48% Profit Increase in 2026

Guinness Nigeria Plc, under the leadership of Managing Director and Chief Executive Officer Girish Sharma, reported a profit after tax of N10.39 billion for the year 2026, marking a 48% increase year-on-year. Revenue also saw a 4% rise, reaching N122.77 billion.

Sharma attributed the company's strong performance to operational efficiency and strategic decisions aimed at expanding market reach. The company implemented a strategic reset over the past year, focusing on four key pillars: empowering employees, achieving operational excellence, consumer-centric innovation, and improving financial performance.

Despite inflationary pressures and currency volatility, the company managed to improve its earnings per share and reduce net finance costs through tighter cost management. The board approved an interim dividend of N2.00 per share, totaling N4.38 billion.

Looking ahead, Sharma expressed optimism for continued growth, targeting double-digit revenue increases and identifying growth opportunities in the ready-to-drink beverage and mainstream spirit categories.