Champion Breweries Plc has assured shareholders that the company will sustain its growth trajectory despite prevailing macroeconomic challenges affecting businesses and consumers across Nigeria.
Speaking on the company’s performance and future outlook, Chairman of the company, Imo-Abasi Jacob, described the brewer’s 50th anniversary as a significant milestone, noting that the company has recorded substantial growth over the last three years following the emergence of a new core investor.
According to Jacob, the company has moved from a period of weak profitability to a phase of aggressive expansion and improved financial performance.
He stated that the board remains focused on ensuring sustainable growth through strong corporate governance, strategic oversight, and disciplined management.
Jacob explained that the company has strengthened the oversight functions of its board committees, including the risk management, finance, and investment committees, to maintain a balance between profitability, growth, and governance.
The chairman also expressed appreciation to investors for the confidence shown during the company’s recent capital raise, particularly in supporting major projects such as the acquisition of a bottling facility.
He noted that the market responded positively to the fundraising exercise, adding that the company’s share price remained stable after the capital raise, which he said reflected investor confidence in the company’s strategic direction.
Jacob assured shareholders that both the board and management would continue to work diligently to sustain investor confidence and improve operational performance.
He further highlighted the company’s return to consistent dividend payments after several years without payouts.
According to him, the brewer has now paid dividends for three consecutive years, beginning with a bonus dividend and followed by cash dividend payments in subsequent years.
He stated that the board’s objective is to ensure that the company continues to grow sustainably while maintaining regular returns to shareholders.
Commenting on competition within the market, Jacob acknowledged that Nigeria’s current macroeconomic environment has weakened household spending, making affordability a major challenge for manufacturers.
He said the company is responding by improving product availability and reducing distribution costs.
As part of its expansion strategy, Jacob disclosed that the company plans to launch a new canning line later this year to strengthen its distribution network and improve market penetration.
According to him, the initiative will help the company achieve a better balance between bottled and canned products while ensuring wider product availability across different markets.
Jacob added that the company’s strategy is centred on measured and sustainable growth rather than short-term expansion, stressing that the board remains committed to long-term profitability and value creation.
He also stated that following the successful completion of the company’s rights issue, which increased its issued share capital, Champion Breweries now operates from a more stable and resilient platform supported by improved profitability, a stronger capital base, and a clearer strategic direction.
According to him, the company intends to achieve its goals through operational discipline, strategic investments, improved efficiency, market expansion, and the effective integration of recent initiatives and acquisitions.
