Key Highlights
Guinness Nigeria reported a post-tax profit of N41.2 billion for the eighteen-month period ended December 2025.
Turnover increased by 144 per cent to N730.1 billion compared to the full year 2024.
Shareholder fund climbed to N43.3 billion, a significant recovery from N2.2 billion.
Finance costs dramatically cut from N101.6 billion to N26.3 billion.
Local sales contributed 98 per cent to the revenue pool in 2025.
Guinness Nigeria has announced a remarkable financial rebound, posting a N41.2 billion post-tax profit for the eighteen-month period ended December 2025, according to its audited corporate results issued on Tuesday. This performance marks a stark contrast to the dismal results of the 2024 accounting year, which saw the company’s earnings turn red due to a substantial foreign exchange (FX) loss amid naira devaluation.
The beer manufacturer transitioned its financial year-end from June to December, resulting in an eighteen-month reporting period ending last December. This change replaces the traditional twelve-month cycle that concluded in June.
The company's turnover surged by 144 per cent to reach N730.1 billion, a significant increase compared to the full year 2024. In 2024, Guinness Nigeria posted a net loss of N54.8 billion. During this period, Singapore-based conglomerate Tolaram acquired a 58 per cent controlling interest, previously held by Diageo, for $70 million.
The previous loss had a severe impact, causing Guinness Nigeria's shareholder fund to plummet by 96.2 per cent to N2.2 billion after absorbing N46.4 billion in negative retained earnings. However, the trend has reversed, with equity sharply climbing to N43.3 billion by the end of the reviewed period.
In June 2024, Diageo, the British multinational owner of Guinness’ global operations, divested its stake, stating that it would retain brand ownership in Nigeria while licensing it to Tolaram on a long-term basis.
Local sales continue to dominate, contributing 98 per cent to the revenue pool in 2025. Exports also saw a substantial increase in value, rising from N3.6 billion to N13 billion.
A significant reduction in finance costs, from N101.6 billion to N26.3 billion, further bolstered earnings.
Profit before tax reached N68.4 billion, a considerable improvement from the pre-tax loss of N54.8 billion recorded in the twelve months to June 2024. Similarly, profit after tax stood at N41.2 billion, contrasting with the loss after tax of N54.8 billion eighteen months prior.
