Champion Breweries Plc is positioned for sustained growth throughout 2026, after the beer maker recorded a 69 percent growth in turnover in the first three months of this year, the company said after its 50th Annual General Meeting (AGM).
“Champion Breweries Plc now operates from a more stable and resilient platform, characterised by improved profitability, a strengthened capital base, and a clearer strategic direction,” Imo-Abasi Jacob, chairman of the Board of Directors said.
“The company is therefore better positioned to navigate future uncertainties and capitalise on emerging opportunities,” he added.
At the AGM, shareholders commended the board and management for delivering strong financial growth, improved profitability, successful capital market execution, and strategic expansion initiatives positioning the company for long-term value creation.
Shareholders reviewed the company’s audited financial statements for the year ended December 31, 2025, alongside updates on its strong first quarter 2026 performance and growth outlook.
Shareholders also approved a dividend payment of 7 Kobo per share for the year under review, reflecting the company’s improved earnings performance and commitment to rewarding shareholders.
The chairman described the year under review as a defining phase in the company’s evolution, noting that Champion Breweries Plc has successfully transitioned from recovery into a stronger growth phase driven by improved profitability, disciplined operations, strategic capital raising, and expansion initiatives.
“The year under review represents a defining phase in the company’s evolution, one in which Champion Breweries Plc transitioned from a position of recovery to one of measurable growth, strengthened profitability, and strategic repositioning,” he said.
Champion Breweries sustained its growth momentum in the first quarter of 2026, recording a 69 percent year-on-year increase in revenue to N14.36 billion, while operating profit rose to approximately N3.02 billion, driven by improved efficiency and disciplined cost management.
Despite softer consumer demand and lower domestic volumes, the company maintained a strong gross profit margin of 48 percent, while profit after tax stood at approximately N881 million.
For the 2025 financial year, the company recorded a 43 percent increase in revenue to N29.80 billion, while net profit rose by 119 percent to N1.79 billion, reflecting the success of its margin-led growth strategy.
The chairman noted that the company’s successful Rights Issue strengthened its capital structure, broadened shareholder participation, and reinforced investor confidence in its long-term strategy.
“Our successful engagement with the capital market during the year was not only a strategic financing milestone, but also a strong vote of confidence from shareholders and stakeholders in the future of Champion Breweries Plc,” he stated.
Shareholders also received updates on the company’s strategic expansion initiatives, including the acquisition of a controlling interest in the Bullet brand portfolio, described by the Board as a transformational step towards revenue diversification and expansion into higher-growth beverage categories.
Looking ahead, the Board expressed confidence in the company’s outlook despite prevailing economic pressures.