Nigerian Breweries Plc has recorded a pre-tax revenue of N161.06 billion for the 2025 monetary yr, rebounding from a N182.9 billion loss in 2024, as income surged.
Full-year income climbed 35.32% year-on-year to N1.4 trillion, with Nigerian gross sales representing 99.83% of whole quantity, offering sturdy assist for the corporate’s top-line progress.
The group additionally managed to considerably scale back finance prices, primarily by limiting overseas change losses, whereas minimizing anticipated credit score losses on monetary belongings, boosting general profitability.
Collectively, these elements strengthened the underside line, reflecting a extra secure and resilient monetary place, with earnings per share rising to N3.19 from a lack of N1.21, indicating improved profitability.
Key Highlights (FY 2025 vs FY 2024)
- Income: N1.46 trillion (up 35% YoY from N1.08 trillion)
- Working revenue: N205.1 billion (up 194% YoY from N69.89 billion)
- Pre-tax revenue: N161.06 billion (vs N182.9 billion loss)
- Revenue after tax: N99.10 billion (vs N144.8 billion loss)
- Earnings per share: N3.19 (vs adverse N1.2)
- Whole fairness: N560.22 billion (up 21% YoY from N463.9 billion)
Driving the Numbers:
In accordance with the corporate’s books, full-year income of N1.467 trillion was largely pushed by gross sales in Nigeria.
Native gross sales of brewed merchandise stood at N1.464 trillion out of N1.467 trillion, whereas export gross sales contributed N2.4 billion.
After accounting for a value of gross sales of N902.2 billion, gross revenue rose to N565.1 billion, up 76.67% from N319.9 billion in 2024.
The group additionally recorded different revenue of N4.1 billion, primarily from the sale of scrap and positive factors on the disposal of property, plant, and tools.
Nevertheless, operational bills elevated, with promoting and distribution prices up 37.24% to N278.9 billion, and administrative bills rising 77.21% to N82.8 billion.
- Anticipated credit score losses on monetary belongings stood at N2.3 billion, decrease than N4.05 billion within the earlier yr. Therefore, working revenue grew to N205.1 billion from N69.8 billion in 2024.
- After finance revenue of N1.7 billion and finance prices of N45.9 billion—largely as a consequence of overseas change losses—pre-tax revenue settled at N161.06 billion, a pointy turnaround from the N182.9 billion loss recorded in 2024.
- Accounting for revenue tax of N61.9 billion, revenue after tax reached N99.1 billion.
On the steadiness sheet, whole belongings stood at N1.06 trillion, with property, plant, and tools making up N585.3 billion.
- Whole fairness grew to N560.2 billion from N463.9 billion, whereas the gathered deficit stood at N72.1 billion, an enchancment from N169.7 billion.
- Whole liabilities fell to N505.8 billion from N674.3 billion within the prior yr, largely as a consequence of a discount in loans and borrowings to N59.71 billion from N169 billion in 2024.
Market response
As of mid-trading on 13 February 2026, the market has but to react to the outcomes, with shares down 0.43%.
On a month-to-date foundation, the inventory is up over 2% on the Nigerian Alternate, priced at N80, whereas year-to-date efficiency stands at over 7%.
The market is predicted to answer the corporate’s strong monetary ends in the approaching buying and selling periods.
