Guinness Posts N41.2bn Profit In 1 Year

Guinness Nigeria Plc has announced a net profit after tax of N41.2 billion, marking a turnaround from the N54.7 billion loss reported in the previous financial year.

Guinness Nigeria Plc announced its audited financial results for the 18-month ended 31 December 2025, delivering strong growth and improved profitability despite a competitive and evolving operating environment.

The company said the reporting period reflected it’s transition to a new financial year-end of 31 December, extending the financial year from 1 July 2024 to 31 December 2025 (18 months), and represents its first full audited reporting cycle under Tolaram’s ownership.

This also follows the celebration of 75 years of operations in Nigeria, marking a legacy defined by resilience, adaptability, and enduring consumer trust.

For the period under review, revenue increased by 144 per cent to N730.8 billion, compared to N299.5 billion in the twelve months ended June 2024.

Gross profit rose by 152 per cent to N230.5 billion, supported by improved productivity and disciplined cost management. Operating profit grew significantly by 251 per cent to N89.3 billion, reflecting strengthened commercial execution and operational efficiency. The company recorded a net profit after tax of N41.2 billion, marking a substantial turnaround from the N54.7 billion loss reported in the previous financial year.

Commenting on the results, chairman of the Board, Prof Fabian Ajogwu, said: “These audited results reflect the resilience of Guinness Nigeria and the disciplined execution of our strategy during a pivotal period for the company. As we build on a 75-year legacy in Nigeria, the Board is encouraged by the company’s improved financial strength and sustained performance momentum. We remain firmly committed to delivering long-term value to our shareholders and stakeholders.”

The managing director/CEO, Girish Sharma, added:

“Closing this extended financial year with such a strong performance demonstrates the progress we have made in reshaping our business for sustainable success. Our first full reporting cycle following the transition underscores the effectiveness of our sharpened commercial focus and operational discipline. As we move into a new financial cycle, we are intent on accelerating growth, embedding a high-performance culture with an entrepreneurial mindset, and delivering sustainable value across our portfolio.”

Guinness Nigeria remains committed to disciplined execution, responsible business practices, and delivering sustainable growth in the years ahead.