Players in the Nigerian financial services sector have commended the financial performance of Nigerian Breweries Plc in the first quarter of 2025, suggesting it not only points to a return to the days of rewarding shareholder value but also points to stability and growth in the brewery industry.
Nigerian Breweries, it will be recalled, released its first quarter financial results for 2025, in which it posted excellent results across all vital indicators. Total Assets grew to N1.144 billion in 2025, compared to N1.138 billion for the same period in 2024. Revenue also soared to ₦383.64 billion, resulting in a gross profit of N166.57 billion.
Along the same line, profit after tax for the period was ₦44.55 billion, a significant improvement compared to a loss of ₦52.09 billion in for first quarter of 2024, while basic earnings per share stood at N1.43 kobo, up from a drop of N5.07 kobo for the same period in the previous year.
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Commenting on the result, the Managing Director of Crane Securities, Mike Eze, according to a statement, commended the quick return to profitability of the company and was optimistic the results would spur increased capital market activity.
Eze believes the performance will trigger greater interest in the stocks of the company ahead of the full year result coming in September, and urged the management to sustain the performance for increased shareholder value.
Also commenting on the result, CEO of Francona Services, an Abuja-based investment analyst, Chibueze Onah, in the statement, commended Nigerian Breweries for navigating the headwinds of forex-induced challenges that plunged it into poor results, and for steering the brand back to profitability.
Onah, who attributed the past negative financial results of the company to mostly external factors, said that with the relative stability in the foreign exchange market, companies like Nigerian Breweries, whose businesses are directly affected by exchange rate volatility, will experience significant performance uplifts.
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“The volatile nature of the forex market in Nigeria over the past two years destabilised a lot of businesses, irrespective of size and scale. It was nearly impossible to plan and project, as everything from capital to inputs became subject to the shockwaves of conditions that were intractable.
But with the increasing stability of the market, businesses are able to plan better and organise their resources in the direction of value returns. It is therefore gladdening to see Nigeria’s giant brewer posting positive numbers, and investors are more certain of sustained results going towards the end of the year,” he stated.
He also commended the company for its cost-containment measures, saying that with increased efficient utilisation of capital and other resources, stakeholders will experience a sustained enhancement in performance.
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