Nigerian Breweries Plc has posted a remarkable financial turnaround in 2025, reporting a net profit of N99.1 billion, reversing a net loss of N145 billion recorded in 2024. The brewer’s performance reflects robust revenue growth, disciplined cost management, and strategic balance-sheet restructuring, positioning the company for long-term expansion amid Nigeria’s volatile economic landscape.
Brandspur Brand News reports that the company’s full-year financial statement highlighted a 35 per cent increase in revenue to N1.47 trillion from N1.08 trillion, driven by growth across its beer and beverage portfolio. Operating profit more than doubled to N205.2 billion from N69.9 billion, while pre-tax profit climbed to N161.1 billion, reversing the prior-year loss of N182.9 billion. An 83 per cent reduction in net finance costs following a successful 2024 rights issue was pivotal in strengthening the balance sheet and mitigating foreign currency exposure.
The financial results had an immediate impact on investor confidence. Diluted earnings per share rose to 319 kobo from a loss of N1,207 kobo, while net assets per share increased to 1,808 kobo from 763 kobo. The company’s share price more than doubled, closing the year at N75.30 compared with N36 at the end of 2024.
Analysts noted that Nigerian Breweries’ strategy reflects a shift from short-term revenue focus to long-term structural positioning. Total assets increased to N1.07 trillion, underpinned by higher inventories, ongoing investments, and capacity expansion. Capital expenditure remained strong, with N124.9 billion invested during the year, while capital work-in-progress declined to N47.2 billion, signalling operationalisation of major projects.
The company also completed the full acquisition and integration of Distell Wines and Spirits Nigeria Limited in 2025. While one-off integration costs were incurred, executives expect the expanded portfolio to drive sustained growth, broadening the business into spirits and wine alongside its core beer operations.
Despite the positive earnings, retained earnings remain negative due to accumulated past losses. Company executives emphasised that the 2025 results represent a key milestone in rebuilding shareholder equity and sustaining profitability.
Nigerian Breweries credited its recovery to innovation, premiumisation, disciplined pricing, and improved operational leverage. Efficiency gains, strategic capital deployment, and portfolio diversification were highlighted as central to ensuring that profitability remains sustainable rather than cyclical.
Industry observers said the turnaround reinforces Nigerian Breweries’ resilience in a capital-intensive and highly competitive sector. The company’s focus on modernisation, automation, and integrated beverage offerings may also serve as a model for other firms navigating inflationary pressures and macroeconomic volatility in Nigeria.
