WorldStage– Nigerian Breweries Plc has announced its unaudited and provisional results for the half-year (six months) ended 30 June 2026 with ₦93.0 billion profit after tax up 5% from ₦88.4 billion.
Delivering solid top-line growth and improved profitability despite a challenging macroeconomic environment, its key financial highlights for the group include revenue: ₦803.7 billion (up 9% from ₦738.1 billion in H1 2025); Gross Profit: ₦354.9 billion (gross profit margin expanded by 2 percentage points); Results from Operating Activities: ₦164.0 billion (up 8%); Net Finance Expense: ₦7.6 billion (down 61% from ₦19.7 billion); Profit Before Tax: ₦156.3 billion (up 18% from ₦132.2 billion); and Basic Earnings Per Share: 300 kobo (up 5% from 285 kobo)
The Board attributed the performance to effective revenue management actions, sustained investment in strategic brands, strong execution across the value chain, and continued contribution from premium brands and the malt category.
Gross profit margin improvement and a sharp reduction in net finance expenses (supported by zero borrowing) boosted pre-tax profit.
Higher tax charges under new tax rates limited net profit growth to 5%.
The Company strengthened its financial position with improved liquidity, eliminated borrowings, and restored retained earnings to a positive position.
This provides greater flexibility to navigate market conditions and support business priorities.
Looking ahead, the Board and Management remain focused on disciplined execution, revenue optimisation, cost efficiency and strong cash generation while monitoring key exposures and preserving financial flexibility.
