Nigeria’s listed brewery companies are enjoying a strong 2025 so far, delivering notable gains in share prices, trading volumes, and investor confidence. This positive momentum reflects a sector-wide turnaround marked by improving financial results, easing cost pressures, and a reduction in the foreign exchange losses that weighed heavily on the industry in recent years.
The rally has also helped propel the NGX Consumer Goods Index to a 57% year-to-date gain, underscoring renewed enthusiasm for consumer stocks.
Champion Breweries Leads with Triple-Digit Gains
Champion Breweries has emerged as the standout performer among its peers, with its share price surging 246.46% year-to-date.
The stock opened the year at N3.81 and has seen robust trading activity, with over 917 million shares exchanged by early July—already surpassing the 737 million shares traded during all of 2024.
Investor interest accelerated in May, after the company released its Q1 2025 results on April 25, showing a significant return to profitability. Champion Breweries reported a pre-tax profit of N1.7 billion, a sharp reversal from the N798.4 million loss recorded in the same period last year.
This turnaround was underpinned by a 93.75% rise in revenue to N8.4 billion and the complete elimination of FX losses that previously weighed on earnings (down from N743.2 million in Q1 2024).
International Breweries Posts Strong Recovery
International Breweries has also delivered a stellar performance in 2025, with its share price rising 176.6% year-to-date.
The stock began the year at N5.20, broke through the N10 level, and closed at N15.35 on July 4. Trading volumes have also been strong, with over 400 million shares exchanged so far.
The company’s first-quarter results marked a turning point. It reported a pre-tax profit of N35 billion, a remarkable swing from the N89.3 billion loss in Q1 2024.
Revenue climbed 68.21% to N173.6 billion, while FX-related expenses dropped dramatically—from N87.5 billion to just N581.4 million. This improved cost profile, along with stronger sales, has boosted investor confidence throughout the first half of the year.
Nigerian Breweries Maintains Solid Momentum
Nigerian Breweries has also posted strong gains, with its share price up 94.8% so far in 2025. The stock has reached N62.35, supported by trading volume exceeding 1.1 billion shares.
The company returned to profitability in the first quarter, reporting a pre-tax profit of N69.9 billion after a loss of N65.5 billion in the same period last year.
Revenue increased significantly to N383.6 billion, up from N227.1 billion. A key factor in this performance was the sharp reduction in FX losses, which fell from N72.8 billion to just N178 million.
Investor sentiment peaked in May, when the stock rallied 32.56%, reflecting enthusiasm after the release of its Q1 results on April 17.
Guinness Nigeria Plc Shows Steady Recovery
Guinness Nigeria Plc has also joined the sector’s rally, albeit with more modest gains. The company’s share price is up 25.3% year-to-date, rising from N70.25 to N88.00.
Investor confidence strengthened after the release of its unaudited Q1 2025 financial statement in late April. Guinness reported a pre-tax profit of N10.2 billion, marking a clear turnaround from the N56 billion loss posted in the same period of 2024.
Revenue improved by 52.29% to N118.3 billion. The company also cut finance expenses significantly, from N66.3 billion to N24 billion, supporting its return to profitability.
Sector Outlook: Positive but Watchful
The strong performance of brewery stocks in 2025 reflects a broader rebound in Nigeria’s consumer goods sector. Improved macroeconomic conditions, better cost management, and reduced foreign exchange volatility have all helped breweries regain profitability and attract investors back to the table.
While the gains so far this year have been impressive, analysts note that sustaining this momentum will depend on continued cost discipline, stable currency dynamics, and steady consumer demand.
Nonetheless, the sector’s turnaround in the first half of 2025 has given investors reason to be optimistic about the brewing industry’s prospects in the months ahead.