Nigerian Breweries (NB) Plc has posted group revenue of N1.04 trillion for the nine months ended September 30, 2025, representing 48 per cent growth over the N703 billion achieved in the corresponding period in 2024.

According to the unaudited results, the company’s cost of sales rose from N495 billion in 2024 to N627 billion in the period under review, while marketing, distribution, and administration expenses went up by 38 per cent from N184 billion in 2024 to N254 billion in 2025, driven by increased brand and sales activities.

The Company Secretary/Legal Director, Nigerian Breweries Plc, Uaboi Agbebaku, said the company was still able to deliver strong growth in the topline and in the operations during the period under review, despite a high double-digit inflation rate, which continues to constrain consumer spending and high input costs.

Agbebaku explained that the company was also able to consolidate its market leadership, which was primarily influenced by premiumisation, increased competitiveness, and enhanced route-to-market.

“The Group’s revenue grew by 47 per cent, supported by appropriate pricing and the strong performance of the premium portfolio. Operating profit improved significantly, supported by cost management and supply chain efficiencies, while the net profit increased by 157 per cent due to the strong operating profit and a lower net finance cost.

“The rights issue programme of 2024 has contributed in no small measure to the positive turnaround in the profitability of the Group compared to a year ago,” he said.