Shareholders of Nigerian Breweries Plc have commended the Board and Management for the company’s strong recovery and improved profitability in the 2025 financial year. This turnaround was largely driven by disciplined cost management and a significant reduction in finance expenses.

The commendation was made at the company’s 80th Annual General Meeting (AGM), held at the Oriental Hotel, Victoria Island, Lagos, on Wednesday, April 22, 2026.

Mr. Eke Emmanuel, the immediate past Secretary of the Independent Shareholders Association of Nigeria, praised the Board and Management for steering the company through a volatile macroeconomic environment while strengthening its financial position. He noted the company’s resilience, at a time when several businesses exited the country, reflects strong leadership and a sound strategic direction.

“It is good news that we have been here for 80 years. There is no reason why we will not be here for the next 80 years with what we have achieved. To return to this level of profitability and cash position shows the Board has done an enormous amount of work,” he said.

Mr. Owolabi Opeyemi, a member of the Noble Shareholders Association, also lauded the Board and Management for navigating challenging business conditions and restoring the company’s financial health.

“We are proud of how the company has withstood the ups and downs of a challenging environment. The return to profitability and the reversal of the negative cash position recorded in the previous two financial years is commendable,” Opeyemi said.

Board Chair, Mrs. Juliet Anammah, expressed confidence that the company is firmly on a recovery path following the net losses recorded in the past two years due to macroeconomic pressures and fiscal reforms.