Nigerian Breweries has posted a remarkable turnaround, recording a net profit of N99.1 billion in 2025 after two consecutive years of losses, reversing a N145 billion loss in 2024. The rebound was driven by strong revenue growth, improved operating efficiency, and aggressive balance-sheet restructuring.
The company’s 2025 full-year financial statement shows revenue climbed to N1.47 trillion from N1.08 trillion in 2024, reflecting broad-based growth across its product portfolio. This indicates that the brewer successfully balanced price increases with sustained consumer demand despite inflationary pressures.
Operating profit surged to N205.2 billion from N69.9 billion, signalling improved margins due to cost controls, operating leverage, and more efficient production. Finance costs, while still notable at N44.1 billion, were significantly lower, allowing the company to achieve a pre-tax profit of N161.1 billion, up from a pre-tax loss of N182.9 billion the previous year.
Diluted earnings per share rose to 319 kobo from a loss of N1,207 kobo in 2024, while net assets per share increased to 1,808 kobo from 763 kobo. The share price reflected renewed investor confidence, closing the year at N75.30 compared with N36 in 2024.
“In 2025, the company rebounded from a challenging 2024, supported by sustained innovation, premiumisation, right pricing, and strong commercial execution,” the company said. The report also highlighted an 83% reduction in net finance costs following the successful 2024 rights issue, which helped deleverage the balance sheet and mitigate foreign currency exposures.
The brewer’s performance signals a strong recovery and positions it for continued growth in Nigeria’s challenging but expanding beverage market.
