Guinness Nigeria Plc has bounced back to profitability, reporting a profit after tax of N26.3bn for the 15-month financial period ended September 30, 2025.
The brewer made this known in its unaudited financial statements filed with the Nigerian Exchange Limited (NGX) on Wednesday, marking a strong recovery from losses recorded in the previous financial year.
According to the company’s report, revenue for the period surged to N594.7bn, compared to N299.5bn recorded in the 12-month period ended June 2024. The growth in revenue was driven by a rise in sales volume, improved product pricing, and strong consumer demand across key product categories.
After accounting for a cost of sales of N409.9bn, Guinness Nigeria posted a gross profit of N184.7bn for the 15-month period. This performance reflects a more efficient cost structure and operational recovery following earlier supply chain and inflationary challenges that affected the firm’s margins in 2024.
The company’s profit before tax stood at N43.8bn, representing a major turnaround from a pre-tax loss reported in the preceding year. After deducting tax expenses of N17.5bn, Guinness Nigeria ended the 15-month period with a net profit of N26.3bn.
The brewer’s unaudited statement of financial position also showed an improvement in its balance sheet strength. Total assets rose to N245.98bn, up from N226.13bn in the previous period. Total equity stood at N28.44bn, while total liabilities amounted to N217.54bn, showing better capital management and reduced exposure to short-term financing risks.
Analysts said the results signaled renewed stability for the beverage giant, which had faced a tough business environment marked by foreign exchange volatility, higher input costs, and weak consumer purchasing power.
The improvement in profitability also comes after Diageo Plc, the parent company of Guinness Nigeria, announced plans earlier this year to divest its controlling stake in the Nigerian unit. Industry watchers believe the company’s latest results could strengthen its valuation and investor interest ahead of any new ownership transition.
The turnaround is also attributed to stronger marketing efforts, increased local sourcing of raw materials, and improved product mix across its stout, lager, and non-alcoholic segments. The company has in recent months launched promotional campaigns to boost demand and sustain its leadership in the premium drinks segment.
A top market analyst told MarketForces Africa that the brewer’s recovery underscores the resilience of Nigeria’s consumer goods sector despite inflationary pressures. “This performance shows that with better cost management and product innovation, consumer brands can still deliver value even in a tough economy,” the analyst said.
Guinness Nigeria’s performance mirrors a broader recovery trend among listed beverage and fast-moving consumer goods companies on the Nigerian Exchange, following the easing of supply bottlenecks and gradual improvement in foreign exchange access.
With the festive season approaching, analysts expect the company’s sales momentum to continue into the last quarter of 2025, although challenges such as rising energy costs and volatile exchange rates could still weigh on margins.
Guinness Nigeria, which is one of the country’s oldest breweries, produces popular brands including Guinness Stout, Orijin, Malta Guinness, Smirnoff Ice, and Harp Lager. The company remains one of the key players in Nigeria’s beverages market, competing with Nigerian Breweries Plc and International Breweries Plc.
