Nigerian Breweries Report Strong Revenue Growth Amid Economic Hardship
Nigerians spent N1.54 trillion on beer and non-alcoholic beverages in the first nine months of 2025 despite economic difficulties. Nigerian Breweries Plc, International Breweries Plc, and Champion Breweries Plc released unaudited financial statements showing increased revenue compared to the same period in 2024.
Nigerian Breweries Plc, the largest brewer in the country, reported a significant increase in net revenue to N710.87 billion, achieving a gross profit of N415.15 billion. The company also recorded a profit before tax of N85.51 billion, marking a sharp recovery from a loss in the previous year.
Similarly, International Breweries Plc and Champion Breweries Plc also experienced revenue growth and profitability during the nine-month period ending September 30, 2025. Despite challenges in the broader economy, the Nigerian beer industry continues to benefit from strong brand presence and distribution networks.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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