Guinness Nigeria Reports N25.3bn Profit, Cuts Debt in H1 2026

Guinness Nigeria Plc announced a profit after tax of N25.3 billion for the half-year period ending June 30, 2026, marking a 53% increase compared to previous figures. The company achieved this growth while significantly reducing its net debt from approximately N37 billion to N19 billion.

Revenue for the period reached about N265 billion, with net sales value increasing by nearly 12% and operating profit rising by 15%. The gross profit margin was approximately 37%, and the operating margin settled at 16%.

Managing Director/Chief Executive Officer Girish Sharma stated that the company has strengthened its financial position and is now better positioned for growth. Additionally, Guinness Nigeria invested roughly N20 billion in capital expenditures for manufacturing capacity and brand expansion, while also distributing about N20 billion in dividends to shareholders.

The company plans to continue leveraging its distribution network and expanding its product portfolio, including new pack formats and ready-to-drink options.