Nigerian Breweries Plc 9M 2026 Results: PAT Rises 33%

Nigerian Breweries Plc released its unaudited group results for the nine months ended 30 September 2026, showing group revenue of ₦1.1 trillion, a 5.4% increase from ₦1.046 trillion recorded in the same period of 2025. The company noted that volume declined in the standalone third quarter covering July to September, even as the nine-month revenue figure rose.

Gross profit for the period came in at ₦477.9 billion, up 15.1% year-on-year, with gross margin expanding by four percentage points. Results from operating activities rose 9.8% to ₦179.2 billion. Net finance expenses fell by 77.7% to ₦7.5 billion, compared to ₦33.7 billion in the prior year period.

Profit before tax grew 32.6% to ₦171.7 billion, while profit after tax rose 33.4% to ₦114.1 billion. Basic earnings per share stood at 368 kobo, up from 275 kobo in the corresponding period of 2025.

The company also disclosed a return to net profit in the standalone third quarter, reporting a net profit of ₦21 billion against a net loss of ₦4 billion in the third quarter of 2025. Marketing, distribution and administrative expenses rose 18% to ₦301.6 billion. The group results include figures from its subsidiary, 234 Stores Limited.