Guinness Nigeria Posts N6.7bn Profit In Q3

Guinness Nigeria Plc, in its unaudited financial results for the nine months ended 31 March 2025, recorded a profit after tax of N6.7 billion, marking a significant recovery from the N61.6 billion loss posted in the prior year.

Revenue for the period surged by 71.6%, rising from N220.3 billion to N377.9 billion, driven by pricing actions, improved portfolio mix, and strengthened consumer demand across key categories. Gross profit also grew by 53% to N103.5 billion, supported by proactive supply chain management and continued premiumization across key brands.

Operating profit increased by 32%, moving from N22.2 billion to N29.2 billion, as the company reaped the benefits of cost optimization, productivity enhancements, and efficient marketing investments. Despite a high inflationary environment and FX-related pressures, net finance costs were managed effectively, contributing to a N6.7 billion net profit.

Speaking on the financial performance, Board Chair, Prof. Fabian Ajogwu, said: “This robust performance is a clear reflection of the strategic choices we have made to reposition Guinness Nigeria for long-term resilience and growth. It is a testament to strong leadership, unwavering execution, and the trust of our shareholders, customers, and trade partners.”

Managing director, Girish Sharma, added that, “We have continued to strengthen our route-to-market, accelerate innovation, and embed commercial excellence across the business.
These results signal that our strategy is working – we remain focused on delivering even stronger results in the quarters ahead by staying agile, data-driven, and consumer-centric, as we enter into the 75th year of our impactful operations in Nigeria.”

RELATED

Consumers Paid N21,010 For 12.5kg Cooking Gas In June – NBS

52 minutes ago

Insurers To Recapitalise as Tinubu Signs Insurance Reform Bill Into Law

52 minutes ago

Guinness Nigeria’s strategic focus remains anchored on sustainable growth, talent development, digital transformation, and deepening stakeholder partnerships.