Nigerian Breweries Battles Rising Costs, Records N85.5bn Profit Amid Economic Challenges

Nigerian Breweries Plc posted a post-tax profit of N85.5 billion for the nine-month period ending September 30, 2025, marking a significant rebound from a N149.5 billion loss during the same period in 2024. However, the company's unaudited financial statement reveals a fragile recovery due to soaring product costs, macroeconomic challenges, weak consumer spending, and high operational expenses.

The firm faced a nearly 30% increase in operational expenses driven by higher raw material costs, energy expenses, logistics disruptions, and security challenges. Despite a rise in net revenue and gross profit, heavy financial costs and high operating expenses have kept margins tight.

Nigerian Breweries decided to withhold dividends for the year due to the challenging business environment.