- 35% Revenue growth amidst high inflation and consumer spending pressure.
- 194% rise in Operating Profit influenced by increase in Productivity.
- Rebound in Net Profit: 168% increase driven by 83% reduction in Net Finance Costs.
- Still in recovery process with negative retained earnings
Nigerian Breweries Plc, the foremost brewing company in Nigeria, has recorded a group revenue of N1.5 trillion for the financial year ended 31st December 2025. The revenue represents an increase of 35% over the N1.1 trillion recorded in the corresponding period in 2024. The full-year 2025 audited 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 results showed that group gross profit also increased from N320 billion in 2024 to N565 billion, representing a 77% increase.
The Company Secretary/Legal Director, Nigerian Breweries Plc, Uaboi Agbebaku, explained in a statement signed on behalf of the Board that the 35% revenue growth in 2025 was supported by sustained innovation, premiumisation, right pricing, and strong commercial execution. The statement added that the growth in operating profit reflected 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%, 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% from the net loss position of a year earlier. The rebound was aided by an 83% 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 in the negative, arising from the heavy net losses suffered in the last two years. The Board is nevertheless pleased that the journey to reversing the negative position is proceeding in line with expectations.”
According to him, “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,” he added.
The Board assured all stakeholders that with the continuing support of its 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.
