TUE APRIL 14 2026-theGBJournal| Guinness Nigeria Plc on Tuesday reported a strong start to its 2026 financial year, posting a 48 per cent increase in profit after tax to N10.39 billion for the quarter ended March 31, 2026, despite persistent cost pressures in the operating environment.
”The performance reflects the Company’s continued resilience and disciplined execution in a challenging operating environment,” says Directors of Guinness.
The improved bottom line was supported by lower finance costs and disciplined execution, even as margins came under strain.
Revenue rose modestly by about 4 per cent year-on-year to N122.77 billion, while gross profit declined slightly to N43.48 billion, reflecting tighter margins amid rising input costs.
Operating profit stood at N17.18 billion, down marginally from the prior year, but a significant reduction in net finance costs to N1.43 billion helped lift overall profitability.
The company also announced an interim dividend of N2.00 per share, amounting to a total payout of approximately N4.38 billion, with shareholders on the register as of April 20, 2026 eligible to receive the dividend.
”The dividend will be paid from distributable profits in accordance with Sections 426–428 of the Companies and Allied Matters Act (CAMA) 2020,” Guinness said.
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