By theG&BJournal
WED FEB 18 2026-theGBJournal| Guinness Nigeria Plc (GUINNESS), renowned internationally for its high quality brands, has reported results for Q4-25.
The company saw record revenues of N136.13 billion, 1.8% y/y higher than the previous, driven by disciplined pricing actions and resilient demand across key brands.
On a q/q basis, revenue rose sharply by 38.8%, reflecting robust festive season demand and higher consumption across the portfolio.
Better cost absorption on higher volumes and moderating input cost pressures helped drive gross margin up by 14bps y/y to 33.6% in Q4-25 (18M-25: 31.5%), as cost of sales growth (+1.6% y/y) trailed revenue expansion.
GUINNESS operating expenses declined by 24.3% y/y to N20.23 billion in Q4-25 (18M-25: N141.50 billion), reflecting broad-based reductions across key cost lines—marketing expenses (-86.8% y/y), distribution costs (-25.4% y/y), and administrative overheads (-19.9% y/y).
As a result, EBIT and EBITDA margins expanded by 510bps y/y and 590bps y/y to 18.6% and 21.4%, respectively (18M-25: 12.2% and 14.9%).
The company reported net finance costs of N781.91 million in Q4-25 (vs. net finance income of N2.02 billion in Q4-24), primarily driven by a 49.0% y/y rise in finance charges on borrowings to N6.24 billion.
For 18M-25, net finance costs settled at NGN20.88 billion.
Overall, profit before tax increased by 22.1% y/y to N24.60 billion in Q4-25, while profit after tax grew by 25.4% y/y to N14.88 billion. For 18M-25, profit before tax came in at N68.39 billion and profit after tax settled at N41.16 billion.
GUINNESS, overall posted a 25.4% y/y increase in EPS to N6.79 in Q4-25, which lifted 18M-25 cumulative EPS to N18.79.
The stronger performance was supported by modest revenue growth (+1.8% y/y) and EBIT margin expansion (+510bps y/y).
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
