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Guinness Nigeria Plc has released its unaudited Q3-25 results, showing a significant improvement in earnings per share to NGN3.21, compared to a loss per share of NGN25.76 in Q3-24.
The brewer’s performance was driven by topline growth of 52.4% year-over-year and a notable decline in net finance costs.
Key Highlights:
– Revenue: Up 52.3% year-over-year in Q3-25
– Earnings per share: NGN3.21 (vs loss per share of NGN25.76 in Q3-24)
– Gross margin: Expanded by 967bps year-over-year to 37.6% in Q3-25
– Profit before tax: NGN10.28 billion (vs pretax loss of NGN56.02 billion in Q3-24)
– Profit after tax: NGN7.03 billion (vs loss after tax of NGN56.42 billion in Q3-24)
The company’s strong performance is attributed to a blend of volume growth, effective pricing, and enhanced product offerings.
Despite cost pressures weighing on 9M-25 margins, the Q3 results mark a clear turning point, reinforcing the outlook for a sustained recovery.
Analyst from Cordoros Securities said the company’s improving operational efficiencies and synergies from the Tolaram acquisition are expected to drive further cost optimization and profitability gains.
