Guinness Nigeria roars back with ₦41.2bn Profit as Revenue jumps to ₦730.8bn

By Kazeem Ugbodaga

Guinness Nigeria Plc has posted a dramatic financial turnaround, reporting a net profit after tax of ₦41.2 billion for the eighteen-month period ended December 31, 2025, reversing a ₦54.7 billion loss recorded in the previous financial year.

The brewer’s audited results show revenue surged by 144 per cent to ₦730.8 billion, compared to ₦299.5 billion in the twelve months ended June 2024, underscoring strong topline expansion during its extended reporting period.

The performance marks the company’s first full audited reporting cycle under the ownership of Tolaram, following its transition to a new financial year-end of December 31. The reporting period was extended from July 1, 2024 to December 31, 2025, covering 18 months.

Gross profit climbed by 152 per cent to ₦230.5 billion, driven by improved productivity and tighter cost controls, while operating profit rose sharply by 251 per cent to ₦89.3 billion, reflecting enhanced commercial execution and operational efficiency.

Chairman of the Board, Prof. Fabian Ajogwu, SAN, described the results as evidence of strategic discipline and institutional resilience.

“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,” he said.

Managing Director/CEO, Girish Sharma, said the turnaround demonstrates the impact of restructuring and sharpened focus following the ownership transition.

“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,” Sharma stated.

The results come as Guinness Nigeria celebrates 75 years of operations in Nigeria, a milestone the company says reflects a legacy of resilience and adaptability in a competitive and evolving market environment.