Guinness Nigeria Plc has reported a pretax profit of ₦15.8 billion for the quarter ended September 30, 2025, representing a sharp 315.49% increase from ₦3.8 billion recorded in the same period of 2023, according to its unaudited financial results.
This strong performance lifted the brewer’s 15-month pretax profit to ₦43.7 billion, marking a major turnaround from a loss of ₦73.6 billion in the prior period, driven by significant growth in revenue.
Quarterly revenue climbed to ₦98.06 billion, up 64.72% from the corresponding period last year. Over the 15-month period, total turnover reached ₦594.6 billion, with domestic sales contributing ₦585.6 billion and export sales accounting for ₦9.02 billion, according to Nairametrics.
As revenue surged, the cost of sales also increased, rising 49.1% to ₦61.7 billion from ₦41.3 billion in 2023. Despite this, gross profit doubled to ₦36.3 billion, representing a 100.36% rise year-on-year.
Other income, which includes proceeds from the sale of by-products and gains on property, plant, and equipment, declined from ₦1.3 billion in 2023 to ₦209.4 million in the current quarter.
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Operating expenses also rose during the period. Administrative costs increased by 41.48% to ₦4.7 billion, while marketing and distribution expenses jumped 84.49% to ₦15.3 billion. Even with these higher expenses, operating profit more than doubled to ₦16.4 billion, up from ₦7.8 billion a year earlier.
Finance expenses stood at ₦6.0 billion, while finance income was ₦5.3 billion, leaving a modest net finance cost of ₦616 million, not enough to significantly impact overall profitability.
Overall, Guinness Nigeria’s pretax profit surged by 315.49% in the quarter, while net profit climbed 288.26% to ₦10 billion, underscoring a robust performance for the brewer in 2025.
On the balance sheet, total assets increased to ₦245.9 billion, up 8.78%, with property, plant, and equipment accounting for ₦117.9 billion of that total. Total equity grew to ₦28.4 billion, a notable rise from ₦2.1 billion previously. Retained earnings, though still negative at ₦20 billion, showed a significant recovery from the negative ₦46.3 billion recorded earlier.
Total liabilities declined by 2.87% to ₦217.5 billion, with trade and other payables comprising the bulk at ₦146.9 billion.
As of the trading day ending October 22, 2025, shares of Guinness Nigeria were priced at ₦183.8 on the Nigerian Exchange (NGX), reflecting a 161.57% increase for the year.
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Image Credit: Just Drinks
