2 publishers · first seen Thu, 29 Oct 2026 15:30 UTC · updated Thu, 29 Oct 2026 15:31 UTC
Nigerian Breweries Plc reported a 33 per cent increase in profit after tax to N114.1 billion for the nine months ended September 30, 2026, up from the same period in 2025. Revenue rose five per cent to N1.10 trillion from N1.05 trillion, while gross profit increased 15 per cent to N477.9 billion and profit before tax grew 33 per cent to N171.7 billion. The company attributed the improved profitability to higher margins and a 78 per cent reduction in finance expenses.
Nigerian Breweries returned to profitability in the third quarter, posting a net profit of N21 billion compared to a net loss of N4 billion in Q3 2025, marking the first profitable third quarter since 2022. Managing Director Thibaut Boidin cited business resilience, portfolio strength, and cost management as key factors, noting market share gains driven by premium brands such as Heineken and Desperados despite pressure on consumer spending.
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