Nigerian Breweries Plc, Nigeria’s largest brewing company, has announced its financial results for the year ended December 2025, showcasing a significant recovery and growth trajectory. The company reported a revenue of N1.467 trillion, marking a 35% increase compared to the N1.084 trillion recorded in the corresponding period of 2024.

The full-year 2025 results indicate a strong rebound from a challenging 2024, largely influenced by macroeconomic factors. Gross profit saw a substantial increase, rising by 77% from N320 billion in 2024 to N565 billion in 2025.

However, the Cost of Sales also increased from N765 billion in 2024 to N902 billion in 2025. Marketing, Distribution, and Administration expenses grew by 43%, from N254 billion in 2024 to N364 billion in 2025, according to the provisional result released by NGX.

Uaboi Agbebaku, the Company Secretary/Legal Director of Nigerian Breweries Plc, attributed the 35% revenue growth to sustained innovation, premiumisation, right pricing, and strong commercial execution. The rise in operating profit reflects rigorous cost discipline, productivity gains, and supply‑chain efficiencies, stemming from the 2024 business recovery plan.

According to Uaboi Agbebaku, “Group operating profit grew by over 190%, reflecting the revenue growth, rigorous cost discipline, productivity gains, and supply chain efficiencies on the back of the 2024 business recovery plan. Group net profit rebounded by 168% from the net loss position of a year earlier. The rebound was aided by an 83% reduction in net finance costs following the successful 2024 Rights Issue, which helped to deleverage the balance sheet and eliminate foreign currency exposures.”

Despite the positive results, the Company’s retained earnings position remains in the negative, a consequence of heavy net losses incurred over the past two years. The Board expressed satisfaction with the progress being made to reverse this negative position.

Agbebaku noted that “the full acquisition and integration of Distell Wines and Spirits Nigeria Limited was completed in 2025 with a one-off integration cost. The integration will help to expand the Company’s beyond beer portfolio and contribute to its longterm growth prospects.”

He assured stakeholders that with continued shareholder support and a focus on agility, innovation, revenue management, and financial discipline, the Company is positioned for sustainable growth and long-term value creation.

Nigerian Breweries Plc, a member of the HEINEKEN Group, was incorporated in 1946 as “Nigerian Brewery Limited” and produced its first bottle of STAR lager beer in June 1949. The company now boasts a portfolio of 19 high-quality brands, including Heineken, Desperados, Maltina, Life, Amstel Malta, Gulder, Fayrouz, and Legend, produced across nine breweries and distributed nationwide.

The company has also received awards and recognitions for product quality, marketing excellence, productivity and innovation, health and safety, corporate social responsibility, and sustainability.