Nigerian Breweries Records N1.467trn Revenue

Nigerian Breweries Plc has recorded revenue of N1.467 trillion for the financial year ended December 2025.

The revenue represents an increase of 35 per cent from N1.084 trillion recorded in the corresponding period in 2024. The full-year 2025 results showed that the company made a rebound from what was a challenging year for the business in 2024 driven mainly by macroeconomic factors.

A breakdown of the audited results showed that the company’s gross profit in the fourth quarter of the financial year also increased from N320 billion in the corresponding period in 2024 to N565 billion, representing a 77 per cent increase.

According to the provisional result released by Nigerian Exchange (NGX), the cost of sales rose from N765 billion in 2024 to N902 billion in the period under review in 2025, while marketing, distribution and administration expenses also grew by 43 per cent from N254 billion in 2024 to N364 billion in 2025.

The company secretary/legal director, Nigerian Breweries, Uaboi Agbebaku, explained that the 35 per cent revenue growth recorded for the financial year was supported by sustained innovation, premiumisation, right pricing, and strong commercial execution.

He also stated that the rise in operating profit reflects rigorous cost discipline, productivity gains, and supply‑chain efficiencies, on the back of the 2024 business recovery plan.

“Group operating profit grew by over 190 per cent, reflecting the revenue growth, rigorous cost discipline, productivity gains, and supply chain efficiencies on the back of the 2024 business recovery plan.

Group net profit rebounded by 168 per cent from the net loss position of a year earlier. The rebound was aided by an 83 per cent reduction in net finance costs following the successful 2024 rights issue, which helped to deleverage the balance sheet and eliminate foreign currency exposures.

Despite the positive 2025 results, the Company’s retained earnings position remained negative, arising from the heavy net losses suffered in the last two years.

The Company said that the journey to reversing the negative position is proceeding in line with expectations, explaining that “the full acquisition and integration of Distell Wines and Spirits Nigeria Limited was completed in 2025 with a one-off integration cost. The integration will help to expand the Company’s beyond beer portfolio and contribute to its long-term growth prospects.”

Nigerian Breweries assured all stakeholders that with the continuing support of shareholders as well as the continuous focus on agility, innovation, revenue management, and financial discipline, the Company is set for sustainable growth and long-term value creation.