Guinness Nigeria records 144 per cent revenue surge in 18 months

Guinness Nigeria

Guinness Nigeria Plc said it recorded a 144 per cent increase in revenue to N730.8 billion from July 1, 2024, to December 31, 2025.

The company said the revenue increase is significantly higher than the N299.5 billion recorded in the 12 months ended June 2024.

According to a statement by the company, its gross profit rose by 152 per cent to N230.5 billion, which was supported by improved productivity and disciplined cost management.

The company recorded a 251 per cent rise in operating profit to N89.3 billion, reflecting strengthened commercial execution and operational efficiency, with a net profit after tax of N41.2 billion net profit after tax, from the N54.7 billion loss reported in the previous financial year.

The company stated that the audited financial results represent its first full audited reporting cycle under Tolaram’s ownership.

Commenting on the results, Chairman of the Board, Prof. Fabian Ajogwu, said the audited results reflect the resilience of Guinness Nigeria and the disciplined execution of its strategy during a pivotal period for the company.

He said that as the company builds on a 75-year legacy in Nigeria, the Board is encouraged by the improved financial strength and sustained performance momentum.

Chief Executive Officer of Guinness Nigeria, Girish Sharma, said the company’s financial year demonstrates the progress made in reshaping its business for sustainable success.

He said the company’s first full reporting cycle following the transition underscores the effectiveness of its sharpened commercial focus and operational discipline.

He said Guinness Nigeria remains committed to disciplined execution, responsible business practices, and delivering sustainable growth in the years ahead.

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