International Breweries' Pre-Tax Profit Grows 22% in 2026

International Breweries Plc recorded a 21.86% increase in pre-tax profit to N90.44 billion for the nine months ended September 2026. However, profit after tax decreased by 5.74% to N54.51 billion due to a sharp rise in income tax expenses.

The company's unaudited financial results, filed with the Nigerian Exchange on October 26, 2026, indicated a marginal revenue increase of 2.12% to N482.61 billion from N472.57 billion in the same period of 2025. Earnings per share fell to 32 kobo from 34 kobo, reflecting the impact of higher taxation.

Despite improved gross profitability supported by lower production costs, administrative, marketing, and distribution expenses rose by 26.13% to N116.16 billion. Operating profit improved due to stronger net finance income, which increased by approximately 33% to N9.58 billion.

Cash generated from operations rose to N121.10 billion, while capital expenditure was N85.13 billion. The company reported no outstanding bank loans as of September 30, 2026, but cash and cash equivalents declined by 33.27% to N103.74 billion, following significant financing outflows.