Guinness Nigeria Plc has reported a strong turnaround in its financial performance for the nine-month period ended 31 March 2025, posting a profit after tax of N6.7 billion. This marks a significant recovery from the N61.6 billion loss recorded during the same period in the previous financial year, underscoring the success of the company's strategic initiatives and operational resilience.
The brewer's revenue surged by an impressive 71.6 per cent, rising from N220.3 billion to N377.9 billion. The growth was attributed to a combination of deliberate pricing actions, an improved portfolio mix, and a strengthened consumer demand across key product categories. The company’s focus on premiumisation and innovation within its portfolio continued to yield positive results.
Guinness Nigeria’s gross profit also rose by 53 per cent to N103.5 billion, supported by proactive supply chain management strategies and continued emphasis on premium brand positioning. The company noted that its ability to navigate supply chain challenges and inflationary pressures helped sustain margins and operational efficiencies.
Operating profit for the period increased by 32 per cent, climbing from N22.2 billion to N29.2 billion. This improvement reflects the benefits of sustained cost optimisation initiatives, enhanced productivity across operations, and more disciplined marketing investments, even amid a challenging macroeconomic backdrop characterized by high inflation and currency volatility.
Despite persistent foreign exchange-related headwinds and broader economic pressures, Guinness Nigeria managed its net finance costs effectively, contributing to the overall positive bottom-line result.
Commenting on the performance, Board Chairman, Professor Fabian Ajogwu, SAN, praised the company’s leadership and strategic focus. "This robust performance is a clear reflection of the strategic choices we have made to reposition Guinness Nigeria for long-term resilience and growth. It is a testament to strong leadership, unwavering execution, and the trust of our shareholders, customers, and trade partners," he stated.
Analysts suggest that the results signal growing momentum for Guinness Nigeria as it continues to recover from previous challenges, including adverse economic conditions and sectoral disruptions. The company's emphasis on innovation, operational efficiency, and value-driven growth positions it well to sustain positive performance in the near to medium term.
As the financial year progresses, stakeholders will be keenly watching how Guinness Nigeria navigates ongoing market challenges while consolidating its gains and delivering sustained value for investors.
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