Guinness Nigeria Plc has released its 18-month audited results for 2025, ending December 31, reporting a robust return to profitability after two years of losses.
The company recorded a profit after tax (PAT) of ₦41 billion and earnings per share (EPS) of ₦18.79, while retained losses dropped sharply to ₦5.218 billion from ₦46 billion in 2024. Analysts suggest that Guinness Nigeria is likely to exit retained losses completely and could resume dividend payments in 2026, following prior payouts of 46 kobo in 2021 and ₦7.34 in 2022.
Commenting on the results, the company stated, “We are pleased to report Guinness Nigeria PLC’s eighteen-month results, which demonstrate resilience and unwavering focus, resulting in stellar financial performance despite the intense competitive landscape.”
The rebound was largely driven by strong top-line performance, with 18-month revenue totaling ₦730.808 billion — about 78% of the company’s combined revenue over the past five years. Gross profit was ₦240.5 billion, reflecting a healthy margin of 31%.
Key financial ratios highlight the turnaround:
Operating profit is now more than 3.5 times the company’s interest expenses.
Assets per N1 of equity increased to ₦5, up from ₦1.06 in 2024, as shareholders’ funds rose to ₦43 billion from ₦2 billion.
Trailing twelve months EPS surged to ₦18.9, with a 5-year growth rate of 89%.
At the current market price, investors are paying ₦18 for ₦1 of earnings, which is lower than comparable brewers such as International Breweries Plc and Nigerian Breweries Plc. This results in a low price-to-earnings (P/E) ratio of 0.21, suggesting that the stock may be undervalued relative to its earnings growth.
The results underscore Guinness Nigeria’s resilience, strong revenue generation, and improved operational efficiency, positioning the company for potential dividend resumption and continued growth in 2026.
