Champion Breweries profit jumps 119% to ₦1.79bn

Champion Breweries Plc has reported a strong financial performance for 2025, posting a 119 per cent rise in profit after tax to ₦1.79 billion.

Chairman of the company, Imo-Abasi Jacob, disclosed the results at the firm’s 50th Annual General Meeting in Lagos, describing the year as a turning point from recovery to sustained growth.

Revenue climbed by 43 per cent to ₦29.8 billion, driven by improved operations, cost discipline, and strategic expansion initiatives. The company also maintained momentum into 2026, recording a 69 per cent year-on-year increase in first-quarter revenue to ₦14.36 billion, with profit after tax at ₦881 million.

Despite softer consumer demand, the brewer sustained a strong gross margin of 48 per cent, supported by efficiency gains and tighter cost management.

Jacob said a successful rights issue strengthened the company’s capital base and boosted investor confidence, positioning the firm for long-term growth.

Shareholders approved a dividend of seven kobo per share, reflecting improved earnings.

The company also highlighted expansion plans, including acquiring a controlling stake in the Bullet brand portfolio to diversify revenue and tap into faster-growing beverage segments.