Guinness Nigeria Reports Strong Profitability Growth in H1 2026

During its H1 2026 Investors and Analysts Call on Tuesday, Guinness Nigeria Plc announced it has entered a new growth phase characterized by improved profitability and a stronger balance sheet. Managing Director Girish Sharma expressed confidence in the company's resilience and its capacity to deliver long-term value to shareholders despite a challenging operating environment.

For the six months ending 30 June 2026, Guinness Nigeria reported approximately N265 billion in revenue, with profit after tax increasing by 53% to N25.3 billion. The company also noted a nearly 12% rise in net sales value and a 15% increase in operating profit, with gross profit and operating margins at approximately 37% and 16%, respectively.

A significant highlight was the company's progress in deleveraging, with shareholders’ equity rising from N43.3 billion to N64.2 billion and net debt decreasing from about N37 billion to approximately N19 billion. Sharma stated that the company is now in a stronger position to pursue growth and create sustainable value for stakeholders.