Nigerian Breweries posts N1.47tr revenue

Nigerian Breweries Plc recorded total revenue of N1.467 trillion in 2025, representing an increase of 35 per cent from N1.084 trillion recorded in 2024.

A breakdown of the results showed that the company’s gross profit also increased from N320 billion in 2024 to N565 billion in 2025, representing a 77 per cent growth.

The provisional result released at the Nigerian Exchange (NGX) showed that cost of sales rose from N765 billion in 2024 to N902 billion in 2025. Marketing, distribution and administration expenses also grew by 43 per cent from N254 billion in 2024 to N364 billion in 2025.

Company Secretary and Legal Director, Nigerian Breweries Plc, Uaboi Agbebaku,  in a statement, 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.

He said: “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 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.

He added that the integration would help to expand the company’s beyond beer portfolio and contribute to its long term growth prospects.

He 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.