Nigerian Breweries Reports N804bn Revenue in H1 2026

Nigerian Breweries Plc announced a robust financial performance for the first half of 2026, achieving N804 billion in net revenue and N164 billion in operating profit, coinciding with its 80th anniversary. The company reported an 8.9% increase in revenue and a marginal volume growth of 0.3%, outperforming a declining market.

Operating profit rose by 8%, attributed to improved gross profit margins, disciplined cost management, and operational efficiency. Profit after tax increased by 18%, while net profit grew by 5% due to Nigeria's new tax law.

The company maintained a positive cash position of N73 billion and returned retained earnings to positive territory, enhancing its balance sheet for future expansion. Thibaut Boidin, Managing Director of Nigerian Breweries Plc, credited the performance to the company's resilience and strategic measures to navigate economic uncertainties, including strong supplier partnerships and cost efficiency.

The company aims to sustain its growth momentum and deliver long-term value to stakeholders.