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Guinness Nigeria's Profit Surges 53% to ₦40.69bn in 2026

Business
The Will
Guinness Nigeria's Profit Surges 53% to ₦40.69bn in 2026

Guinness Nigeria Plc announced a 53.1 percent increase in profit after tax, reaching ₦40.69bn for the nine months ended September 30, 2026. This growth was supported by a revenue increase to ₦403.33bn from ₦335.07bn in the same period of 2025, marking a 20.4 percent rise.

Profit before tax also saw a significant increase of 55.3 percent, climbing to ₦61.65bn from ₦39.69bn. The gross profit rose by 20.4 percent to ₦151.38bn, up from ₦125.7bn, while profit from operating activities increased by 23.4 percent to ₦64.98bn compared to ₦52.64bn a year earlier.

Despite the positive financial performance, the company experienced an increase in administrative, marketing, and distribution expenses.

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