Guinness Nigeria Records Strong Recovery with N6.7 Billion Profit in Q3 FY25

Guinness Nigeria Records Strong Recovery with N6.7 Billion Profit in Q3 FY25

Guinness Nigeria Plc has reported a significant turnaround in its unaudited financial results for the nine months ended March 31, 2025, demonstrating strategic focus, commercial agility and a commitment to long-term value creation.

The company posted a profit after tax of N6.7 billion, a remarkable improvement compared to the N61.6 billion loss recorded in the same period last year.

Read also: Nigeria’s Politics of Survival: Why the Wave of Defections to APC Should Worry Us All By Victor Itodo Abuh

Revenue soared by 71.6%, rising from N220.3 billion to N377.9 billion. This growth was fueled by strategic pricing actions, an enhanced product portfolio, and strengthened consumer demand across major categories. Gross profit also jumped by 53%, reaching N103.5 billion, thanks to proactive supply chain management and continued premiumisation of key brands.

Operating profit increased by 32%, moving from N22.2 billion to N29.2 billion. The company attributed this to cost optimisation efforts, improved productivity and efficient marketing investments. Despite the challenges of high inflation and foreign exchange pressures, Guinness Nigeria effectively managed net finance costs, leading to the reported N6.7 billion net profit.

Board Chairman, Prof. Fabian Ajogwu, said:

“This robust performance is a clear reflection of the strategic choices we have made to reposition Guinness Nigeria for long-term resilience and growth. It is a testament to strong leadership, unwavering execution and the trust of our shareholders, customers and trade partners.”