Guinness Nigeria Plc has recorded a strong financial comeback, reporting an unaudited net profit of N26.3 billion for the extended 15-month period ended September 30, 2025, marking a major turnaround from the N54.7 billion loss posted in the previous financial year.
The brewer’s latest results signal the success of its ongoing restructuring strategy and operational discipline amid Nigeria’s high-cost and inflationary environment. The company recently shifted its financial year-end from June 30 to December 31, resulting in a one-off 15-month reporting cycle covering July 2024 to September 2025.
During the period, revenue nearly doubled by 99 percent to N594.7 billion from N299.5 billion in the prior year, driven by stronger market demand, effective pricing strategies, and an expanded product portfolio. Gross profit also surged 102 percent to N184.7 billion, reflecting improved cost control and higher production efficiency.
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Operating profit jumped 151 percent to N63.9 billion, underscoring management’s success in reining in administrative and distribution costs despite the surge in sales volume. The bottom-line rebound to N26.3 billion highlights a return to profitability and restored shareholder confidence following last year’s heavy loss, which had been exacerbated by foreign exchange losses and finance costs.
Guinness’ balance sheet also showed significant strengthening. Total assets rose to N245 billion during the 15 months ended September 30th, from N226.1 billion in the 12 months ended June 2024, while equity grew significantly to N28.4 billion, up from N2.16 billion.
From an operational standpoint, the brewer generated N59 billion in net cash from operations, down from N80 billion previously. At the end of the financial year, the company reported a negative cash and cash equivalents amounting to N266 million, a reversal from the positive cash flow reported last year.
The brewer, with a market capitalisation of N378 billion, grew its share price by 171 percent year-to-date.
Commenting on the results, Prof. Fabian Ajogwu, SAN, Chairman of the Board, said: “These results reflect the strength of our strategy, the discipline of our execution, and the commitment of our people. Despite market headwinds, Guinness Nigeria continues to demonstrate resilience and focus, positioning the business for sustainable growth. The Board remains confident in our strategic direction and steadfast in our commitment to delivering long-term value to all stakeholders.”
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Girish Sharma, Managing Director/CEO, added: “This performance reflects the hard work, resilience, and ownership mindset of our people. It also reinforces the impact of the deliberate choices we’ve made to strengthen our business fundamentals and stay close to our consumers. Our ambition is clear—to be one of the best performing, most trusted, and most respected consumer products companies in Nigeria. We are transforming into a truly high-performance organisation powered by innovation, agility, and an entrepreneurial spirit. As we build for more into the future, our priority is to sustain this momentum, deepen our operational efficiency, and unlock new avenues for growth.”
Guinness Nigeria remains committed to maintaining its growth trajectory and creating value for consumers, partners, and shareholders, while upholding the highest standards of responsibility and performance.