Nigerian Breweries reports ₦1.04 trillion in revenue for nine months of 2025, a 48% rise driven by strong premium sales and cost efficiency

Nigerian Breweries revenue growth has surged impressively, as the nation’s largest brewer reported a 48 per cent increase in Group Revenue to ₦1.04 trillion for the nine months ended September 30, 2025, compared to ₦703 billion in the same period of 2024.

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According to the company’s unaudited financial statement filed with the Nigerian Exchange Limited (NGX), the strong performance reflects strategic pricing, robust demand in its premium brands, and improved operational efficiency.

The results show that the Cost of Sales climbed to ₦627 billion from ₦495 billion a year earlier, while Marketing, Distribution, and Administrative expenses grew by 38 per cent to ₦254 billion, a rise linked to expanded brand and sales activities across Nigeria.

In a statement, the Company Secretary and Legal Director, Uaboi Agbebaku, highlighted that the brewer achieved solid topline and operational growth despite Nigeria’s challenging macroeconomic environment characterised by high inflation, currency pressure, and rising input costs.

“The Group’s revenue grew by 47 per cent, supported by appropriate pricing and the strong performance of the premium portfolio.

Operating profit improved significantly, driven by cost management and supply chain efficiencies, while net profit increased by 157 per cent due to higher operating profit and lower net finance costs,” Agbebaku stated.

He explained that the company’s profitability rebound was further strengthened by the 2024 Rights Issue Programme, which reinforced the brewer’s balance sheet and funded its long-term expansion goals.

Although the third quarter of 2025 experienced a mild slowdown—largely due to seasonal market trends and a one-off impairment linked to the integration of Distell Wines and Spirits Nigeria Limited—the company expressed confidence in a stronger fourth quarter.

“With the usual market rebound expected during the festive season, the Board remains confident that the full-year results will stay positive,” Agbebaku said.

He also commended shareholders for their continued confidence, noting that their support has been instrumental in sustaining the company’s resilience and long-term growth trajectory.

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Analysts say Nigerian Breweries’ 2025 performance reflects a well-executed turnaround strategy and signals renewed investor confidence in the country’s consumer goods sector, even amid economic headwinds.