Guinness Nigeria Records Strong Financial Comeback with N26.3 Billion Net Profit
Guinness Nigeria Plc has delivered a robust financial performance ahead of transitioning to a new financial year-end. The company recorded a net profit of N26.3 billion for a 15-month period ending September 30, 2025, showcasing a major turnaround from the N54.7 billion loss in the previous financial year.
The brewer's success is attributed to ongoing restructuring strategies, operational discipline, and cost control measures amidst Nigeria's high-cost inflationary environment. Revenue almost doubled to N594.7 billion, with gross profit surging by 102 percent to N184.7 billion.
The company's balance sheet also strengthened significantly, with total assets rising to N245 billion. Chairman Prof. Fabian Ajogwu SAN expressed confidence in the results.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
Read full article
Continue on Business Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Guinness Nigeria Reports ₦15.8bn Q3 Profit, 315% YoY Surge in Sales
Nigerian Breweries Posts N85.5 Billion Profit Despite Q3 Setback
Nigerian Breweries Records 48% Revenue Growth, Reaches N1.04 Trillion in 9 Months
Nigerian Breweries Battles Rising Costs, Records N85.5bn Profit Amid Economic Challenges
International Breweries in Nigeria Reports N57bn Profit After 7 Years of Losses
Nestlé Nigeria Reports N39.6bn Pre-Tax Profit in Q3 2025, Signals Strong Recovery
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
