Shares of Nigerian Breweries Plc have surged by more than 16% in April, surpassing N39 per share and pushing the company’s year-to-date performance to an impressive 24% growth as of 2025.

This surge marks a significant recovery from last year’s performance, with the company seeing a notable improvement in its financial standing.

The boost in shares comes on the back of the company’s positive financial results for the first quarter of 2025, where it reported a pre-tax profit of N69.9 billion.

This marked a stark contrast to a loss of N65.5 billion in the same quarter of the previous year.

The improved performance was attributed to an increase in revenue and a significant reduction in foreign exchange losses.

As Nigerian Breweries continues to build on its portfolio diversification strategy, the company recently completed the acquisition of the remaining 20% shareholding in Distell Wines and Spirits Nigeria Limited.

This strategic move is designed to strengthen the company’s presence beyond the beer market, positioning it for more robust growth across its various product lines.

The company’s shares began 2025 at N32.00, and after some volatility in February and March, where it experienced slight declines, it has bounced back strongly in April, with its share price climbing to over N39.

This surge in share price reflects a positive market sentiment, driven by the strong fundamentals of the company’s financial results.

Nigerian Breweries reported a 49.45% increase in costs to N217.06 billion for the first quarter of 2025, but despite this, gross profits soared by over 100%, reaching N166.5 billion, a remarkable increase from N81.8 billion in the same period last year.

Profits from core operations also surged by 237.48%, hitting N85.2 billion, compared to N25.2 billion in the first quarter of 2024.

The reduction in foreign exchange losses, from N72.8 billion in Q1 2024 to just N178.01 million in Q1 2025, further strengthened the company’s financial standing.

This combination of a strong recovery in profit, reduced operational costs, and strategic acquisitions has contributed to the bullish trend in Nigerian Breweries’ stock, making it one of the standout performers in the Nigerian stock market in 2025.