The audited results mark a significant milestone for the company. The reporting window reflects its transition to a new financial year-end of 31 December, extending the cycle from 1 July 2024 to 31 December 2025. It is also the first full audited reporting period under the ownership of Tolaram Group, and follows Guinness Nigeria’s 75th anniversary — a landmark that underscores its long-standing presence and resilience in the Nigerian market.
Revenue and Profit Surge
For the extended financial period, revenue rose by 144 per cent to ₦730.8 billion, up from ₦299.5 billion recorded in the twelve months ended June 2024. The strong topline growth was matched by improved margins, as gross profit climbed 152 per cent to ₦230.5 billion, supported by enhanced productivity and disciplined cost management initiatives.
Operating profit increased markedly by 251 per cent to ₦89.3 billion, reflecting stronger commercial execution and operational efficiency across the business. Most notably, the company posted a net profit after tax of ₦41.2 billion — a substantial turnaround from the ₦54.7 billion loss recorded in the previous financial year.
Leadership Commentary
Chairman of the Board, Prof. Fabian Ajogwu, SAN, described the results as a testament to the company’s resilience and strategic discipline during a transformative period.
“These audited results reflect the resilience of Guinness Nigeria and the disciplined execution of our strategy during a pivotal period for the company. As we build on a 75-year legacy in Nigeria, the Board is encouraged by the company’s improved financial strength and sustained performance momentum. We remain firmly committed to delivering long-term value to our shareholders and stakeholders.”
Managing Director and Chief Executive Officer, Girish Sharma, said the performance signals meaningful progress in repositioning the business for sustainable growth.
“Closing this extended financial year with such a strong performance demonstrates the progress we have made in reshaping our business for sustainable success. Our first full reporting cycle following the transition underscores the effectiveness of our sharpened commercial focus and operational discipline. As we move into a new financial cycle, we are intent on accelerating growth, embedding a high-performance culture with an entrepreneurial mindset, and delivering sustainable value across our portfolio.”
A Diverse and Established Portfolio
As Nigeria’s leading total beverage alcohol company, Guinness Nigeria maintains a broad portfolio spanning non-alcoholic and alcoholic beverages, including malts, ready-to-drink products, spirits, stout, and beers.
Its portfolio includes established brands such as:
- Guinness Foreign Extra Stout
- Guinness Smooth
- Malta Guinness
- Orijin Bitters
- Dubic Malt
- Gordons Pink Berry
- Gordons Orange Sunset
- Smirnoff Ice
- Smirnoff X1 Choco Vodka
- Smirnoff Pineapple Punch
Focus on Sustainability and Responsibility
Beyond financial performance, the company continues to anchor its strategy on responsible and sustainable growth. With a clear ambition “to be one of the best performing, most trusted and respected consumer products companies in Nigeria,” Guinness Nigeria prioritises three core pillars: advancing responsible drinking, positively impacting communities, and strengthening environmental stewardship.
As it enters a new financial cycle under refreshed leadership and ownership, the company says it remains committed to disciplined execution, ethical business practices, and long-term value creation for shareholders, consumers, and communities alike.