Nigerian Breweries Reports N804bn Revenue in H1 2026

Nigerian Breweries Plc announced its half-year financial results for the period ending June 30, 2026, revealing a revenue of N804 billion, a 9% increase from N738 billion in H1 2025. This growth is attributed to enhanced revenue management, stronger sales execution, and sustained demand for its premium beer and malt brands.

The company also reported a return to positive retained earnings, a significant milestone after facing financial pressures from foreign exchange losses and high financing costs. Operating profit rose by 8% to N164 billion, while profit before tax increased by 18%.

Despite a 5% rise in profit after tax to N193 billion, management noted that new tax rates limited further growth. Uaboi Agbebaku, Company Secretary and Legal Director, stated that the company's resilience in a challenging environment was reflected in its revenue growth and improved gross profit margin.

Notably, Nigerian Breweries maintained a debt-free status throughout the period, enhancing its liquidity and flexibility for future growth.