As it celebrates 75 years of operations in Nigeria, Guinness Nigeria Plc has announced a strong financial comeback for the fiscal year ended June 30, 2025, reversing a loss position and delivering impressive growth across key performance indicators despite economic and competitive headwinds.
In its unaudited financial results released this week, the Total Beverage Alcohol (TBA) giant reported a 65.8% year-on-year revenue increase, reaching ₦496.6 billion, up from ₦299.5 billion in FY24. Gross profit also surged by 62.2% to ₦148.3 billion, while operating profit rose 86.6% to ₦47.4 billion.
Most notably, Guinness Nigeria returned to profitability, posting a net profit after tax of ₦16.2 billion, a striking rebound from the ₦54.7 billion loss recorded in the previous financial year. The company attributes this performance to its strategic clarity, cost discipline, and the strength of its brands and workforce.
Chairman of the Board, Professor Fabian Ajogwu, SAN, hailed the results as a milestone achievement reflecting the company’s resilient foundation and sound governance.
“This strong turnaround speaks to the quality of leadership, clarity of vision, and strength of governance at Guinness Nigeria. As we mark 75 years of doing business in Nigeria, this performance underscores our long-standing resilience and commitment to value creation. The Board remains confident in the company’s long-term strategy and is committed to sustaining this momentum for our shareholders and stakeholders,” Ajogwu said.
Managing Director/CEO Girish Sharma also highlighted the company's strategic alignment with consumer needs and internal culture transformation:
“These results reflect our team’s focus, agility, and deep connection with our consumers. We have set a clear ambition—to be one of the best performing, most trusted, and most respected consumer products companies in Nigeria. That ambition is driving us to build a high-performance organisation with an entrepreneurial spirit. While the external environment remains dynamic, we are building on this momentum with confidence and purpose.”
Anchored in Legacy, Driven by Ambition
Guinness Nigeria’s performance comes amid continued macroeconomic challenges and a competitive consumer goods landscape. The company’s ability to navigate inflationary pressures, currency volatility, and shifting consumer preferences highlights the strength of its operational strategy and execution.
As the foremost Total Beverage Alcohol company in Nigeria, Guinness Nigeria offers a diverse portfolio that spans non-alcoholic drinks, ready-to-drink cocktails, spirits, stout, and beers. Iconic brands include Guinness Foreign Extra Stout, Guinness Smooth, Malta Guinness, Orijin Bitters, Dubic Malt, Smirnoff Ice, and Smirnoff X1 flavored vodkas, among others.
Beyond commercial performance, Guinness Nigeria continues to champion sustainability and responsible business practices. Its social impact agenda focuses on advancing responsible drinking, empowering communities, and environmental stewardship—pillars that reflect its longstanding commitment to positive change.
Outlook: Building on Momentum
While the company remains cautious about external volatility, its leadership expressed optimism about the future, underscoring a firm commitment to sustainable growth, consumer trust, and operational excellence.
As it turns 75, Guinness Nigeria is not only celebrating its legacy but also reaffirming its relevance in a changing market—poised to deliver enduring value for consumers, shareholders, and communities alike.