According to an unaudited report on the Nigerian Exchange, Guinness Nigeria Plc net loss moderated by more than 94% in the first half of its financial year 2025.
Its net loss declined to N305 million from N5.233 billion within 12 months as the brewer optimized operational and economic strategies. The reduction in net loss was helped by significant revenue growth reported by the company in the period.
Guinness Nigeria reported more than 82% year-on-year revenue growth, settling at N259.60 billion at the end of the first half of 2025 from N142.60 billion in the comparable period. The topline performance was driven by increased sales in premium product categories, including non-alcoholic malt, ready-to-serve beverages, and international premium spirits.
According to Cordros Capital Limited, it was also boosted by an expanded retail distribution network and strategic price adjustments. At N59 billion, the company’s gross profit was 28% above the N45.94 billion reported in the equivalent period in 2024.
Guinness Nigeria’s costs of sales advanced by more than 107% to N200.6 billion, from N96.66 billion in the comparable period due to inflationary pressures in the Nigerian economy and the devaluation of the naira.
Its operating expenses rose sharply year on year to N47.91 billion from N32.06 billion in the comparable period amidst unstable price levels in the country. The company stemmed the storm using an optimized financial strategy that reduced its net costs on borrowings significantly.
This positive outcome was driven by a 1993% surge in finance income to N63.97 billion from N3.05 billion, largely attributable to FX-related gains. Finance costs grew by 197.8% to N71.12 billion. This left the company with N7.18 billion in net finance costs, versus N23.88 billion used up to meet debt servicing in the comparable period in 2024.
Overall, the brewer reported a pre-tax profit of N4.11 billion in the first half of 2025, marking a turnaround from the pre-tax loss of N4.43 billion in the equivalent period in 2024. After accounting for a tax expense of N4.41 billion, Guinness Nigeria posted a net loss of N 0.30 billion, a significant year-on-year moderation from N5.23 billion. Guinness Nigeria’s Net Loss Reduces by 94% in H1-2025 Ministry Seeks $2 billion Fibre Optics Funding
