Champion Breweries Plc Projects Fivefold Revenue Growth As Bullet Deal Reshapes Beverage Market

Speaking at its “Facts Behind the Figures” session on the NGX Nigerian Exchange (NGX) in Monday, Champion Breweries Plc (“Champion” or “the Company”) projected more than a five-fold increase in revenue and over ten times growth in profit after tax following the acquisition of Bullet, Nigeria’s No. 1 ready-to-drink (RTD) alcoholic brand.

The deal is expected to contribute more than 70 percent of Champion’s topline and significantly expand the Company’s foreign currency earnings across 14 African markets.

In H1 2025, Champion Breweries Plc recorded a 111% surge in revenue and a 692% turnaround in profit after tax, reflecting disciplined execution and positioning the business for sustained growth alongside the Bullet acquisition.

“This is a transformative moment for Champion Breweries,” said Dr. Inalegwu Adoga, Managing Director of Champion. “Bullet gives us scale, high-margin growth, and international reach. With this acquisition, we are evolving from a strong regional brewer into a multi-market, multi-category growth platform with international relevance.”

Champion Breweries’ majority shareholder, enJOYcorp, reinforced the long-term ambition. “Bullet expands Champion’s reach across Africa, diversifies its earnings into foreign currencies, and strengthens its portfolio with trend-driven products,” said Mr. David Butler, Managing Director of enJOYcorp and Board Member of Champion. “This is a landmark step towards building transformative African beverage brands that can compete globally.”

To support the acquisition and future expansion, Champion Breweries is launching a ₦58 billion capital raise programme (₦42 billion public offer and ₦16 billion rights issue). Proceeds are earmarked for funding the Bullet deal, working capital, market expansion, and sustainability investments.

Funds will also support technology upgrades such as Enterprise Resource Planning (ERP) systems and returnable packaging solutions, alongside renewable energy and logistics transformation.

Champion Breweries is complementing its growth with a clear sustainability roadmap. Plans include transitioning its Uyo brewery to solar power, exploring compressed natural gas (CNG) for its logistics fleet, and reducing plastic waste through packaging innovation.

Over the past year, Champion shares have delivered a 302% gain on the NGX, one of the strongest performances on the Exchange, as shareholders begin to see the impact of the Company’s transformation. Champion has also refreshed its governance with new independent directors, strengthening oversight and alignment with global best practices.

Incorporated in 1974 and headquartered in Uyo, Akwa Ibom State, Champion Breweries Plc is a leading beverage company with over five decades of brewing excellence.

Listed on the NGX, the Company produces a diverse portfolio of beer and malt brands. Champion Breweries is majority-owned by enJOYcorp Limited, a pan-African beverage investment platform focused on building transformative brands across energy drinks, beer, and RTDs.