Nigerian Breweries Plc has reported a profit after tax of ₦88.4 billion for the half-year ended June 30, 2025, up from a loss of ₦85.2 billion in the same period of 2024.
The company’s unaudited results showed strong topline and bottom-line growth as improved operational efficiency, cost management, and debt reduction strategies bolstered its financial position.
Key Financial Highlights (January–June 2025)
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Revenue rose 54% year-on-year to ₦738.1 billion, compared to ₦479.8 billion in H1 2024.
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Gross Profit surged 95% to ₦311.0 billion, from ₦159.7 billion in the prior year.
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Operating Profit grew by 298% to ₦151.9 billion, from ₦38.1 billion in H1 2024.
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Net Finance Expense declined significantly by 87% to ₦19.7 billion, from ₦154.5 billion in H1 2024.
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Profit Before Tax reached ₦132.2 billion, compared to a loss of ₦116.3 billion in the same period last year.
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Profit After Tax stood at ₦88.4 billion, reversing the ₦85.2 billion loss reported in H1 2024.
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Earnings Per Share improved to 285 kobo, up from a negative 828 kobo in H1 2024.
Driving Factors Behind the Growth
The company said the performance was driven by:
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Sustained innovation and strong commercial execution.
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Optimised pricing strategies to manage rising input costs.
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Improved cost management and enhanced operational efficiencies.
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Prudent use of Rights Issue proceeds, applied to debt reduction and the elimination of foreign currency-denominated liabilities, which significantly reduced financing costs.
The results also included contributions from Distell Wines and Spirits Nigeria Limited, a subsidiary of Nigerian Breweries.
Management Outlook
In its outlook, Nigerian Breweries noted that while disposable incomes remain under pressure and Q3 typically reflects seasonality, the company expects moderate sales volume in the coming months.
The Board said focus will remain on cost optimisation, market execution, and strengthening brand equity across its portfolio.
The full integration of Distell Wines and Spirits Nigeria Limited is expected to further enhance long-term shareholder value.
The Board expressed appreciation to shareholders for their unwavering support, which helped the company successfully overcome the difficult period witnessed a year earlier.