Nigerian Breweries Plc has announced a group revenue of ₦1.04 trillion for the nine months ending September 30, 2025, reflecting a robust 48 per cent increase from ₦703 billion recorded during the same period in 2024.
The company disclosed this in a statement released on Saturday, detailing its unaudited financial results for the period under review.
According to the report, the cost of sales climbed from ₦495 billion in 2024 to ₦627 billion in 2025, while marketing, distribution, and administrative expenses rose by 38 per cent, from ₦184 billion to ₦254 billion, due to expanded brand activities and market penetration efforts.
Mr. Uaboi Agbebaku, Company Secretary and Legal Director, said the company’s strong performance underscores its resilience in the face of Nigeria’s tough macroeconomic environment, characterized by high inflation, rising input costs, and weakened consumer purchasing power.
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Despite these challenges, Nigerian Breweries achieved topline and operational growth, driven by product premiumisation, pricing adjustments, and enhanced route-to-market strategies.
Agbebaku noted that the Group’s operating profit improved significantly due to cost discipline and supply chain efficiencies, while net profit surged by 157 per cent, largely attributed to lower finance costs and proceeds from the 2024 Rights Issue programme, which helped strengthen the company’s financial position .
However, Agbebaku revealed that the third quarter of 2025 experienced a seasonal dip in demand and a one-off impairment charge linked to the integration of Distell Wines and Spirits Nigeria Ltd., resulting in a temporary net loss for the quarter.
He expressed confidence that demand would rebound in the final quarter of the year, supported by festive season sales, adding that the Board of Directors remained optimistic about ending the year with strong, positive results.
Agbebaku also commended the company’s shareholders for their continued trust and support, noting that their confidence had enabled Nigerian Breweries to stay on a path of sustained growth and market leadership despite economic headwinds.
