…Gross margin improved by 66bps y/y to 37.1% in the period (15M-25: 31.1%)
…EBIT and EBITDA margins improved by 36bps y/y and 33bps y/y to 16.8% and 20.9%, respectively
… Profit before tax (PBT) surged to N15.86 billion in Q3-25 (Q3-24
THUR OCT 23 2025-theGBJournal| Guinness Nigeria Plc (GUINNESS) on Wednesday, reported revenue growth of 64.7% y/y to N98.07 billion in Q3-25 (15M-25: N299.49 billion) driven by moderate volume recovery, effective pricing initiatives across key brands, and continued traction in the premium and mainstream segments.
GUINNESS also posted an EPS of N4.60 in Q3-25 (Q3-24: N1.19). Consequently, EPS for the 15-month period settled at N12.00.
The performance in the period was driven by strong topline growth, improved margins, and lower finance costs, reflecting the benefits of a more stable operating environment.
This also reflects the sustained recovery in consumer demand and pricing discipline amid moderating inflation and improved FX liquidity. However, on a quarter-on-quarter basis, revenue declined by 49.8%, reflecting seasonal demand moderation.
GUINNESS gross margin improved by 66bps y/y to 37.1% in the period (15M-25: 31.1%), supported by strong topline growth (+64.7% y/y) and a lower cost-to-sales ratio (Q3-25: 62.9% | Q3-24: 69.5%).
Although cost of sales rose by 49.1% y/y, the increase was slower relative to revenue growth, reflecting easing input cost pressures amid a more stable FX environment.
EBIT and EBITDA margins improved by 36bps y/y and 33bps y/y to 16.8% and 20.9%, respectively. This improvement came despite a 72.1% y/y rise in operating expenses, reflecting enhanced operating leverage from stronger sales and cost discipline.
Further down, net finance costs declined by 84.8% y/y to N616.36 million in Q3-25, supported by an 855.6x y/y surge in finance income, largely attributed to gains on the remeasurement of foreign currency balances (15M-25: N89.59 billion | 2024FY: N21.76 billion).
As a result, profit before tax (PBT) surged to N15.86 billion in Q3-25 (Q3-24: N3.82 billion |15M-25: N43.80 billion), while profit after tax (PAT) rose sharply to N10.08 billion (Q3-24: N2.60 billion | 15M-25: N26.28 billion).
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