Guinness Nigeria reports profit recovery on 144% revenue growth

Guinness Nigeria Plc has reported a revenue growth of N730.8 billion for the eighteen-month period ended Dec. 31, 2025, representing a 144 per cent increase compared to N299.5 billion posted in the twelve months ended June 2024.

The company disclosed this in its audited financial results released on Tuesday, marking its first full reporting cycle following its transition to a new financial year-end of Dec. 31 and under the ownership of Tolaram.

The report shows that gross profit rose by 152 per cent to N230.5 billion, driven by improved productivity and disciplined cost management.

Operating profit also grew by 251 per cent to N89.3 billion, reflecting stronger commercial execution and enhanced operational efficiency.

The company posted a net profit after tax of N41.2 billion, a significant recovery from the N54.7 billion loss recorded in the previous financial year.

Commenting on the results, Prof. Fabian Ajogwu, Chairman of the Board, said, “These audited results reflect the resilience of Guinness Nigeria and the disciplined execution of our strategy during a pivotal period for the company.

“As we build on a 75-year legacy in Nigeria, the Board is encouraged by the company’s improved financial strength and sustained performance momentum.

“We remain firmly committed to delivering long-term value to our shareholders and stakeholders.”

Also, Girish Sharma, the Managing Director  of Guinness Nigeria Plc said, “Closing this extended financial year with such a strong performance demonstrates the progress we have made in reshaping our business for sustainable success.

“Our first full reporting cycle following the transition underscores the effectiveness of our sharpened commercial focus and operational discipline.

“As we move into a new financial cycle, we are intent on accelerating growth, embedding a high-performance culture with an entrepreneurial mindset, and delivering sustainable value across our portfolio.”

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