Nigerian Breweries Plc reported a group revenue of N1.5 trillion for the financial year ending December 31, 2025, marking a 35% increase from the N1.1 trillion recorded in 2024. The company’s audited results for 2025 indicate a recovery after what was described as a challenging previous year due to macroeconomic pressures.
The company’s gross profit rose from N320 billion in 2024 to N565 billion in 2025, representing a 77% increase. Uaboi Agbebaku, Company Secretary/Legal Director at Nigerian Breweries Plc, stated on behalf of the Board that the growth was driven by innovation, premiumisation, pricing strategies, and strong commercial execution.
Agbebaku said: “Group operating profit grew by over 190%, reflecting the revenue growth, rigorous cost discipline, productivity gains, and supply chain efficiencies on the back of the 2024 business recovery plan. Group net profit rebounded by 168% from the net loss position of a year earlier. The rebound was aided by an 83% reduction in net finance costs following the successful 2024 Rights Issue which helped to deleverage the balance sheet and eliminate foreign currency exposures.
Despite the positive 2025 results, the Company’s retained earnings position remained in the negative, arising from the heavy net losses suffered in the last two years. The Board is nevertheless pleased that the journey to reversing the negative position is proceeding in line with expectations.”
He also noted: “the full acquisition and integration of Distell Wines and Spirits Nigeria Limited was completed in 2025 with a one-off integration cost. The integration will help to expand the Company’s beyond beer portfolio and contribute to its long term growth prospects.”
The Board expressed confidence that continued shareholder support and focus on agility, innovation, revenue management, and financial discipline would set Nigerian Breweries up for sustainable growth.
Nigerian Breweries operates breweries across several locations including Lagos, Aba, Kaduna, Ibadan and Enugu according to its official website. The company functions as part of Heineken Group according to its official website and is recognized for brands such as Heineken, Gulder, Maltina and Amstel Malta according to its official website. It has expanded through mergers such as with Consolidated Breweries in 2014 according to its official website, contributing significantly to industry advancements through innovation and market leadership according to its official website.