Guinness Nigeria Plc has officially announced a shift in its financial reporting cycle from a July–June accounting year to a January–December calendar year.
The change, approved by the Board of Directors, is set to take effect from the 2025 financial year.
In a notice to the Nigerian Exchange Limited and the investing public, the company cited the need to align with global best practices and streamline its internal budgeting and reporting timelines.
The adjustment means Guinness Nigeria’s audited financial statement for the 2025 financial year will span an 18-month period, beginning 1 July 2024 and ending 31 December 2025.
Subsequent fiscal years will follow the conventional January–December structure.
According to the company, the move is expected to simplify year-end processes and enhance comparability of financial disclosures with peer companies operating on the same fiscal calendar.
The change also positions the Diageo-affiliated brewer for improved operational planning and alignment with regulatory cycles.
Guinness Nigeria confirmed that all relevant regulatory agencies will be duly notified in line with compliance requirements.
The announcement comes amid ongoing efforts by listed firms to improve transparency and adopt harmonized corporate governance frameworks across Africa’s capital markets.
Market analysts view the change as a positive development for investors, particularly those with cross-border portfolios who rely on uniform reporting periods to track performance and make informed decisions.
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