Nigerian Breweries Reports N1tn Revenue, Debt-Free Status

In the first half of 2026, Nigerian Breweries Plc reported a net revenue exceeding N1tn, marking a significant recovery from previous operational challenges and achieving a debt-free status. Finance Director Maria Karaseva disclosed these results during an investor call on Friday.

The company maintained an asset base of approximately N1tn and improved its cash performance by 264%, generating N73bn in net free operating cash flow compared to the same period in 2025. This financial improvement allowed Nigerian Breweries to fully settle outstanding loans, concluding the reporting period with zero borrowings.

The internal productivity program contributed N76bn in efficiency gains, enhancing the gross profit margin by two percentage points and supporting an 18% year-on-year growth in profit before tax. Karaseva emphasized the effectiveness of financial discipline, working capital optimization, and cost-management initiatives.

Looking forward, she affirmed the company's commitment to disciplined cost management, volume growth, and mitigating foreign-exchange risks.