…Guinness EBIT and EBITDA margins improved to 9.5% (+106bps y/y) and 11.9% (+8bps y/y), respectively, driven by strong gross profit growth
…Earnings per share stood at N7.40 (vs. loss per share of N25.00 in 12M-24).
FRI JULY 25 2025-theGBJournal| Guinness Nigeria Plc, on Thursday reported 62.2% growth in gross profit to N148.3 billion, as operating profit climbed by 86.6% to N47.4 billion, a notable recovery from the N73.66 billion loss in the prior year.
The brewer, noted for Guinness Foreign Extra Stout, Guinness Smooth, Malta
Guinness, Orijin Bitters, among other unique non-alcohol and alcohol beverages, returned to profitability with a net profit after tax of N16.2 billion, compared to a N54.7 billion loss recorded in FY24.
In the period under review, Guinness delivered strong topline growth, with revenue
rising by 65.8% to N496.6 billion, up from N299.5 billion in the previous year.
Earnings per share stood at N7.40 (vs. loss per share of N25.00 in 12M-24).
Guinness earnings rebound was primarily supported by a mix of strong operating income (+86.5% y/y) and currency stability, which significantly improved financing position, as net finance costs declined by 80.3% y/y.
Guinness EBIT and EBITDA margins improved to 9.5% (+106bps y/y) and 11.9% (+8bps y/y), respectively, driven by strong gross profit growth, which helped absorb the impact of the 46.2% y/y rise in operating expenses.
On the financing side, net finance costs fell by 80.3% y/y to N19.48 billion, supported by a 286.9% y/y surge in finance income and a 14.2% y/y decline in finance costs.
The jump in finance income was mainly due to a 334.3% y/y increase in FX remeasurement gains (N83.78 billion, accounting for 99.5% of finance income), while the reduction in finance costs was driven by lower exchange losses on letters of credit (-78.2% y/y) and foreign currency loans (-94.8% y/y).
The remarkable turnaround in performance, comes in a landmark year for the brewer, 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.
”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,” Girish Sharma, Managing Director/CEO said while commenting on the earnings update.
He added that the ambition of the company is driving it 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.”
Prof. Fabian Ajogwu, Chairman of the Board, added that the Board remains confident in the company’s long-term strategy and is committed to sustaining this momentum for tghe shareholders and stakeholders.
”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.”
Management conference call on 29 July 2025 at 02:00 PM.
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