• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home News

Guinness Nigeria profit soars to ₦26.3bn in 15 months

Brewer posts sharp turnaround as revenue doubles to ₦594.7bn

David Okere by David Okere
October 23, 2025
in News
0 0
0
Guinness Nigeria

Guinness Nigeria Profit Soars to ₦26.3bn in 15 Months

thenacre-campaign

Guinness Nigeria Profit jumps to ₦26.3bn for 15 months to Sept 2025, marking a strong recovery as revenue doubles to ₦594.7bn

Guinness Nigeria Profit — Guinness Nigeria Plc has returned to profitability, reporting a profit after tax of ₦26.3 billion for the 15-month period ended 30 September 2025.

Also read: Delta Police arrest suspect over motorcyclist’s murder

he results mark a significant turnaround for the brewer, which had previously recorded a loss.

In its unaudited financial statements filed with the Nigerian Exchange Limited on Wednesday, the company revealed that revenue surged to ₦594.7 billion, more than double the ₦299.5 billion posted in the prior 12-month period ended June 2024.

Odun Ifa 2026
ADVERTISEMENT

The strong top-line growth was driven by improved sales volumes and strategic price adjustments, lifting gross profit to ₦184.7 billion after accounting for a cost of sales of ₦409.9 billion.

Perfect-Aesthetic-social-1

Profit before tax stood at ₦43.8 billion, reversing a pre-tax loss from the preceding year.

After tax expenses of ₦17.5 billion, Guinness Nigeria closed the 15-month period with a post-tax profit of ₦26.3 billion — a powerful sign of recovery for one of Nigeria’s leading beverage producers.

The company’s unaudited balance sheet showed total assets rising to ₦245.98 billion from ₦226.13 billion, reflecting a firmer financial position.

adron lemon friday

Total equity increased to ₦28.44 billion, while total liabilities amounted to ₦217.54 billion.

Also read: Omoyele Sowore arrest sparks outrage at Abuja court

Industry analysts say the latest results highlight the brewer’s operational resilience despite inflationary pressures and currency headwinds that have strained consumer goods companies across Nigeria.

David Okere
David Okere

David Okere is a journalist and contributor to Freelanews.com, covering business, governance, public affairs, and human-interest stories with a commitment to accuracy, balance, and public interest reporting.

Also read

  • Police arrest Nigerian man over alleged sexual assault in Canada
  • Natasha drops 2Baba’s surname in Edo Assembly introduction

Related Posts

Mozambique
News

Mozambique deports 13 Nigerians amid detention dispute

by Quadri Olaitan
March 27, 2026
jansa scaled 1
General

Slovenian govt declares end to coronavirus, becomes first in Europe

by Freelanews
May 15, 2020
Trump
General

Trump proposes $5 million ‘Gold Card’ visa to attract wealthy investors

by Quadri Olaitan
February 26, 2025
WhatsApp Image 2021 02 11 at 12.39.53 PM
General

‘He left giant footprints’ Osoba eulogises late Lateef Jakande (Photos)

by Freelanews
February 11, 2021
Nigerian Medical Salary Structure Reform
General

Nigerian Medical Association calls for standardised salary structure to combat brain drain

by Quadri Olaitan
October 29, 2024

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

Canada

Police arrest Nigerian man over alleged sexual assault in Canada

October 14, 2026
Natasha

Natasha drops 2Baba’s surname in Edo Assembly introduction

October 14, 2026
ethanol tanker

Disaster averted as ethanol tanker falls on Lagos bridge

October 14, 2026
Martinez

Martinez blasts Man Utd board after Atlético defeat

October 14, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie scaled

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Canada

Police arrest Nigerian man over alleged sexual assault in Canada

October 14, 2026
Natasha

Natasha drops 2Baba’s surname in Edo Assembly introduction

October 14, 2026
ethanol tanker

Disaster averted as ethanol tanker falls on Lagos bridge

October 14, 2026
Martinez

Martinez blasts Man Utd board after Atlético defeat

October 14, 2026
ADVERTISEMENT
October 2026
SMTWTFS
 123
45678910
11121314151617
18192021222324
25262728293031
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • #image_title

    17 mobile money operator companies licensed by CBN in Nigeria

    0 shares
    Share 0 Tweet 0
  • Ifeoma playfully reacts as Paul Okoye receives recognition in Australia

    0 shares
    Share 0 Tweet 0
  • Tinubu’s message to Ogun politicians: Gbenga Daniel is no ordinary ally

    0 shares
    Share 0 Tweet 0
  • ‘Breaking News’ Babatunde Omidina, Baba Suwe, is dead

    0 shares
    Share 0 Tweet 0

Just Published!

Canada

Police arrest Nigerian man over alleged sexual assault in Canada

October 14, 2026
Natasha

Natasha drops 2Baba’s surname in Edo Assembly introduction

October 14, 2026
ethanol tanker

Disaster averted as ethanol tanker falls on Lagos bridge

October 14, 2026
Martinez

Martinez blasts Man Utd board after Atlético defeat

October 14, 2026
Liverpool

Liverpool lose Isak, Gakpo and Szoboszlai for LASK clash

October 14, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.