Nigerian Breweries Plc (NB Plc), Nigeria’s pioneer and largest brewing company, has announced a remarkable financial performance for the nine-month period ended September 30, 2025, achieving a Group Revenue of N1.04 trillion. This figure represents an impressive 48% growth over the N703 billion recorded in the corresponding period of 2024, reaffirming the company’s dominance in Nigeria’s beverage industry amid a challenging macroeconomic environment.
According to the unaudited financial results released on the Nigerian Exchange (NGX), NB Plc’s Cost of Sales rose to N627 billion, up from N495 billion a year earlier, reflecting higher input costs and inflationary pressures that have continued to affect manufacturers across Nigeria. Similarly, Marketing, Distribution, and Administration expenses increased by 38%, from N184 billion to N254 billion, following intensified brand marketing, sales activation, and distribution expansion initiatives aimed at deepening market penetration.
Despite these cost escalations, Nigerian Breweries delivered a strong operating performance, showcasing its resilience and adaptability to Nigeria’s dynamic business landscape.
In a statement signed by Uaboi Agbebaku, Company Secretary and Legal Director, the company attributed the strong results to robust revenue management, efficient cost control, and the outstanding performance of its premium product portfolio.
“The Group’s revenue grew by 47%, supported by appropriate pricing strategies and the strong performance of the premium portfolio,” Agbebaku said. “Operating profit improved significantly, underpinned by effective cost management and supply chain efficiencies, while the net profit surged by 157% due to the strong operating profit and reduced net finance cost. The Rights Issue Programme of 2024 also contributed significantly to the company’s turnaround, strengthening its capital structure and improving overall profitability.”
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Agbebaku noted that the third quarter of 2025 experienced a temporary market slowdown due to seasonal factors, alongside a one-off impairment charge related to the integration of Distell Wines and Spirits Nigeria Limited—a strategic acquisition aimed at expanding the company’s footprint in the wines and spirits segment. However, he maintained that Nigerian Breweries remains well-positioned for a rebound in the fourth quarter, traditionally a high-demand festive season.
“We anticipate a strong recovery in sales and performance during the final quarter of 2025 as consumer demand typically peaks during the holiday season. Our focus remains on delivering value to shareholders and sustaining profitability,” he added.
Speaking further, Dr. Uzodinma Odenigbo, Corporate Affairs Director of Nigerian Breweries Plc, expressed gratitude to the company’s shareholders, partners, and loyal consumers for their continued trust and support during a period of economic volatility.
“The unwavering confidence of our shareholders and the loyalty of our consumers have been instrumental in driving our growth and enabling us to overcome multiple challenges. The Board remains committed to pursuing long-term growth and creating sustainable value for all stakeholders,” Odenigbo stated.
As one of Nigeria’s oldest and most trusted companies, Nigerian Breweries continues to leverage its strong heritage, innovation-driven strategies, and market leadership to sustain growth despite the inflationary and forex challenges impacting the nation’s manufacturing sector.
The company’s focus on premiumisation, operational efficiency, and portfolio diversification is expected to further strengthen its financial resilience going into 2026, positioning NB Plc as a key contributor to Nigeria’s economic growth story.
Nigerian Breweries Plc reports N1.04 trillion revenue and 157% net profit growth for the first nine months of 2025, driven by premium brand performance, cost efficiency, and shareholder confidence despite inflation and high operating costs.
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