Guinness Nigeria Plc has reported a significant financial turnaround, posting a profit after tax of N6.7 billion for the nine months ending March 31, 2025. This marks a substantial recovery from the N61.6 billion loss recorded in the previous year.
The company’s revenue surged by 71.6%, rising from N220.3 billion to N377.9 billion. This growth was driven by strategic pricing, an improved product mix, and increased consumer demand across key categories. Gross profit also grew by 53% to N103.5 billion, supported by proactive supply chain management and a focus on premium products.
Operating profit increased by 32%, moving from N22.2 billion to N29.2 billion, reflecting the benefits of cost optimization, productivity enhancements, and efficient marketing investments. Despite challenges such as high inflation and foreign exchange pressures, net finance costs were effectively managed, contributing to the net profit.
Board Chair Prof. Fabian Ajogwu attributed the strong performance to strategic decisions aimed at repositioning Guinness Nigeria for long-term growth. Managing Director Girish Sharma emphasized the company’s commitment to innovation, commercial excellence, and consumer-centric strategies as it enters its 75th year of operations in Nigeria.
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