Nigerian Breweries Plc has announced a revenue of N1.04 trillion for the nine months ended September 30, 2025.
This marks a 48 per cent growth compared with N703 billion recorded during the same period in 2024.
Nigerian Breweries announced this in its unaudited financial results released on Saturday, October 25.
The company’s cost of sales rose from N495 billion in 2024 to N627 billion in 2025.
Marketing, distribution, and administrative expenses increased by 38 per cent from N184 billion to N254 billion due to expanded brand and sales activities.
The Company Secretary and Legal Director, Uaboi Agbebaku, said the firm’s performance reflected resilience amid challenging macroeconomic conditions.
Agbebaku said Nigerian Breweries achieved strong topline and operational growth despite high inflation, rising input costs, and pressure on consumer spending.
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Agbebaku noted that Nigerian Breweries consolidated its market leadership through product premiumisation, competitiveness, and enhanced route-to-market strategies.
He said the company’s revenue grew by 47 per cent, supported by pricing adjustments and strong performance of its premium portfolio.
Operating profit improved significantly, driven by cost management and supply chain efficiencies, while net profit rose by 157 per cent due to lower finance costs.
He added that the 2024 Rights Issue programme contributed significantly to the company’s positive turnaround in profitability compared to the previous year.
Agbebaku stated that the third quarter of 2025 saw a seasonal demand decline and a one-off impairment charge linked to the integration of Distell Wines and Spirits Nigeria Limited.
He said these factors led to a net loss in the quarter.
However, Agbebaku expressed optimism that a rebound was expected in the final quarter due to festive season demand.
Agbebaku said the Board expected the full-year results to remain positive.
He appreciated shareholders for their support, which he said enabled the company to navigate challenges and maintain a path towards sustained growth.
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