2025FY: Nigerian Breweries Reports N1.46trn Revenue, N565bn Gross Profit
Kayode Tokede
Nigerian Breweries Plc, has recorded revenue of N1.47 trillion for the financial year ended December 2025, about 35 per cent increase over N1.08 trillion reported in 2024 financial year performance.
The full-year 2025 results showed that the company made a rebound from what was a challenging year for the business in 2024 driven mainly by macro-economic factors.
A breakdown of the audited results showed that the company’s gross profit in the
fourth quarter of the financial year also increased from N320 billion in the corresponding period in 2024 to N565 billion, representing a 77 per cent increase.
According to the provisional result released by NGX, the cost of sales rose from N765 billion in 2024 to N902 billion in the period under review in 2025, while Marketing, Distribution and Administration expenses also grew by 43per cent from N254 billion in 2024 to N364 billion in 2025.
The Company Secretary/Legal Director, Nigerian Breweries Plc, Uaboi Agbebaku, in a statement explained that the 35per cent revenue growth recorded for the financial year was supported by sustained innovation, premiumisation, right pricing, and strong commercial execution.
He also stated that the rise in operating profit reflects rigorous cost discipline, productivity gains, and supply‑chain efficiencies, on the back of the 2024 business recovery plan.
“Group operating profit grew by over 190per cent, reflecting the revenue growth, rigorous cost discipline, productivity gains, and supply chain efficiencies on the back of the
2024 business recovery plan. Group net profit rebounded by 168per cent from the net loss position of a year earlier. The rebound was aided by an 83per cent reduction in net finance
costs following the successful 2024 Rights Issue which helped to deleverage the balance sheet and eliminate foreign currency exposures.
Despite the positive 2025 results, the Company’s retained earnings position remained in the negative, arising from the heavy net losses suffered in the last two years. The Board is nevertheless pleased that the journey to reversing the negative position is proceeding in line with expectations.
According to him, “the full acquisition and integration of Distell Wines and Spirits Nigeria Limited was completed in 2025 with a one-off integration cost. The integration will help to expand the Company’s beyond beer portfolio and contribute to its long-term growth prospects,” he added.
He assured all stakeholders that with the continuing support of Shareholders as well as the continuous focus on agility, innovation, revenue management, and financial
discipline, the Company is set for sustainable growth and long-term value creation.
