Guinness reports N16.2bn H1 profit, stocks up 51.53% YtD

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Guinness Nigeria Plc has released its unaudited financial results for the half year (H1) period ended June 30, 2025 reporting a remarkable turnaround in performance despite a persistently challenging economic environment and an intensely competitive landscape.

The N106.45 per share Guinness Nigeria Plc traded Thursday July 24 on the Nigerian Bourse represents an increase by 51.53 percent year-to-date (YtD), outperforming the NGX All Share Index (ASI) which recorded YtD return of +29.41 percent as at the same day. The company returned to profitability with a net profit after tax (PAT) of N16.2 billion, compared to a N54.7 billion loss recorded in FY24.

In the H1 period under review, the company delivered strong topline growth, with revenue rising by 65.8 percent to N496.6 billion, up from N299.5 billion in the corresponding H1 period of year 2024. Gross profit grew by 62.2 percent to N148.3 billion, while operating profit rose by 86.6 percent to N47.4 billion.

The company’s improved financial announcement comes in a landmark year for the company, as Guinness Nigeria celebrates 75 years of operations in Nigeria—a testament to the enduring strength of its brands, its people, and its commitment to brewing excellence.

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Guinness Nigeria said these results reflect focused execution of its strategic priorities, disciplined cost management, and the resilience of its people and portfolio.

Fabian Ajogwu, chairman, Guinness Nigeria Plc said: “This strong turnaround speaks to the quality of leadership, clarity of vision, and strength of governance at Guinness Nigeria. As we mark 75 years of doing business in Nigeria, this performance underscores our long-standing resilience and commitment to value creation. The Board remains confident in the company’s long-term strategy and is committed to sustaining this momentum for our shareholders and stakeholders.”

Girish Sharma, Managing Director/CEO, Guinness Nigeria Plc said, “These results reflect our team’s focus, agility, and deep connection with our consumers. We have set a clear ambition—to be one of the best performing, most trusted, and most respected consumer products companies in Nigeria. That ambition is driving us to build a high-performance organisation with an entrepreneurial spirit. While the external environment remains dynamic, we are building on this momentum with confidence and purpose.”

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ByIheanyi Nwachukwu

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Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.