Guinness Nigeria Reports N10.39bn Profit, Declares Dividend

Guinness Nigeria Plc announced a profit of N10.39 billion for the financial year beginning in 2026, despite facing macroeconomic pressures. The company declared an interim dividend of N4.38 billion, translating to N2.00 per share.

Revenue rose by 4% year-on-year to N122.77 billion, with earnings per share improving alongside a significant decline in net finance costs, reflecting tighter cost management and improved capital efficiency. Girish Sharma, the Managing Director and CEO of Guinness Nigeria Plc, attributed the strong operational performance to localizing decisions that expanded market reach and improved distribution efficiency.

He expressed optimism about achieving double-digit revenue growth, having reset expectations for a 144% growth. The company spent the past year implementing a strategic reset focused on four key pillars: culture, operational excellence, consumer focus, and financial performance, which are essential for adapting to changing economic realities and purchasing patterns.