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.”