Nigerian Breweries Plc says it recorded group revenue of ₦1.04 trillion for the nine months ended Sept. 30, 2025 — a 48 per cent increase from the ₦703 billion posted in the same period of 2024.
The figures were contained in the company’s unaudited financial results released on Saturday.
Cost of sales rose from ₦495 billion to ₦627 billion, while marketing, distribution and administrative expenses jumped by 38 per cent to ₦254 billion, driven by expanded brand and sales operations.
Company Secretary and Legal Director, Mr Uaboi Agbebaku, attributed the growth to resilience amid tough economic conditions marked by inflation, higher input costs and weakened consumer spending.
He said the business maintained its market leadership through pricing adjustments, product premiumisation, competitiveness and stronger route-to-market strategies, which supported a 47 per cent increase in group revenue.
Agbebaku added that lower finance costs helped drive a 157 per cent rise in net profit, while improved operational efficiencies boosted operating profit.
He noted that seasonal demand softness in the third quarter and a one-off impairment linked to the integration of Distell Wines and Spirits Nigeria Ltd. resulted in a net loss for the quarter, but expressed confidence in a strong festive-season rebound.
The board anticipates a positive full-year outcome. Agbebaku also thanked shareholders for their continued support, which he said has enabled the company to remain on a sustainable growth trajectory.
